HCOW vs IVV
Amplify COWS Covered Call ETF vs iShares Core S&P 500 ETF
Quick Verdict
IVV has a lower expense ratio. HCOW delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | HCOW | IVV | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.03% | |
| AUM | $18M | $907.0B | |
| Dividend Yield | 12.55% | 1.10% | |
| Holdings | 86 | 508 | |
| YTD Return | +15.56% | +12.71% | |
| 1Y Return | +24.62% | +21.89% | |
| 3Y Return (annualized) | +12.92% | +22.08% | |
| 5Y Return (annualized) | - | +12.96% | |
| Volatility (annualized) | 14.5% | 15.1% | |
| Max Drawdown | -24.1% | -56.5% | |
| Fund Family | Amplify ETFs | iShares by BlackRock (US) | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2023 | May 15, 2000 |
HCOW vs IVV Performance
Amplify COWS Covered Call ETF (HCOW) is a ETF from Amplify ETFs and iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US). Over the past year HCOW returned +24.62% while IVV returned +21.89%. Year to date, HCOW is up 15.56% versus a gain of 12.71% for IVV.
Over three years, HCOW compounded at +12.92% per year against +22.08% for IVV. Across the full 3-year window we track, HCOW has the edge at +12.92% annualized vs +7.00%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 15.1% compared with 14.5% for HCOW. 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 -24.1% for HCOW and -56.5% for IVV. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.63. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
HCOW charges 0.65% per year while IVV charges 0.03%. On a $10,000 position that is $65 vs $3 annually, a gap of $62 per year that compounds over a long holding period. On income, HCOW currently yields 12.55% against 1.10% for IVV.
Holdings Overlap
HCOW and IVV share 24 holdings out of 523 unique holdings combined, representing a 1.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, HCOW or IVV?
HCOW has an expense ratio of 0.65% while IVV charges 0.03%. IVV is the cheaper option. On a $10,000 investment, that is $62 per year of difference.
Which performed better, HCOW or IVV?
Over the past year HCOW returned +24.62% vs +21.89% for IVV, so HCOW leads on 1-year performance. Over the longest common window we track (3 years), HCOW annualized +12.92% vs +7.00% for IVV. Past performance does not guarantee future results.
Which is riskier, HCOW or IVV?
IVV has been the more volatile fund at 15.1% annualized versus 14.5% for HCOW. Worst drawdown: HCOW -24.1% vs IVV -56.5%.
Should I hold both HCOW and IVV?
HCOW and IVV have a monthly-return correlation of 0.63, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HCOW and IVV?
HCOW and IVV share 24 common holdings with a 1.8% weight overlap. Combined, they hold 523 unique securities.
Which pays a higher dividend, HCOW or IVV?
HCOW yields 12.55% while IVV yields 1.10%, so HCOW currently pays the higher dividend yield.
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