CGDV vs HCOW
Capital Group Dividend Value ETF vs Amplify COWS Covered Call ETF
Which is better, CGDV or HCOW?
Each has led over a different period.
CGDV has a lower expense ratio. CGDV led over 3Y and the full window, HCOW over 1Y. HCOW is less concentrated, with 41.6% of the fund in its ten largest positions against 41.8%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CGDV | HCOW |
|---|---|---|
| Expense Ratio | 0.33%Best | 0.65% |
| AUM | $39.5B | $19M |
| Dividend Yield | 1.22% | 11.83% |
| Holdings | 116 | 146 |
| YTD Return | +12.60% | +16.97%Best |
| 1Y Return | +14.66% | +19.51%Best |
| 3Y Return (annualized) | +23.71%Best | +14.72% |
| Volatility (annualized) | 11.8%Best | 15.8% |
| Max Drawdown | -14.3%Best | -24.1% |
| $10,000 over 3.1 years | $18,878Best | $14,359 |
| Top 10 Weight | 41.8% | 41.6%Best |
| Fund Family | Capital Group (US) | Amplify ETFs |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Feb 22, 2022 | Sep 20, 2023 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 3.1 years row, are measured over the window both funds cover: Sep 20, 2023 to Nov 11, 2026 (3.1 years).
CGDV vs HCOW growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 3.1 years both funds cover.
CGDV vs HCOW Performance
Capital Group Dividend Value ETF (CGDV) is an ETF from Capital Group (US) and Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs. Over the past year CGDV returned +14.66% while HCOW returned +19.51%. Year to date, CGDV is up 12.60% versus a gain of 16.97% for HCOW.
Over three years, CGDV compounded at +23.71% per year against +14.72% for HCOW.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCOW has been the more volatile fund, with annualized monthly volatility of 15.8% compared with 11.8% for CGDV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -14.3% for CGDV and -24.1% for HCOW. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.65. They move together some of the time, and apart the rest.
Fees and Cost Over Time
CGDV charges 0.33% per year while HCOW charges 0.65%. On a $10,000 position that is $33 vs $65 annually, a gap of $32 per year that compounds over a long holding period. On income, CGDV currently yields 1.22% against 11.83% for HCOW.
Holdings Overlap
1.9% of CGDV's money is in holdings HCOW also owns. 6.1% of HCOW's money is in holdings CGDV also owns.
HCOW and CGDV share little of their money.
2 positions in common, counted across the 53 positions we hold weights for in CGDV and 31 in HCOW, against full books of 116 and 146.
What only one of them owns
Our book lists 29 positions for HCOW that do not appear in our book for CGDV (95.2% of the fund), and 46 for CGDV that do not appear in HCOW (89.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CGDV and HCOW you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CGDV or HCOW?
CGDV has an expense ratio of 0.33% while HCOW charges 0.65%. CGDV is the cheaper option, by $32 a year on a $10,000 investment.
Which performed better, CGDV or HCOW?
Over the past year CGDV returned +14.66% vs +19.51% for HCOW, so HCOW leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CGDV or HCOW?
HCOW has been the more volatile fund at 15.8% annualized versus 11.8% for CGDV. Worst drawdown: CGDV -14.3% vs HCOW -24.1%.
Should I hold both CGDV and HCOW?
CGDV and HCOW have a monthly-return correlation of 0.65, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between CGDV and HCOW?
6.1% of HCOW's money is in holdings CGDV also owns. 6.1% of HCOW's is in holdings CGDV also owns. They hold 2 positions in common, counted across the 53 positions we hold weights for in CGDV and 31 in HCOW.
Which pays a higher dividend, CGDV or HCOW?
CGDV yields 1.22% while HCOW yields 11.83%, so HCOW currently pays the higher dividend yield.
Is HCOW better than CGDV?
CGDV has a lower expense ratio. CGDV led over 3Y and the full window, HCOW over 1Y. HCOW is less concentrated, with 41.6% of the fund in its ten largest positions against 41.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.