HCOW vs SCHD
Amplify COWS Covered Call ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. SCHD delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | HCOW | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.65% | 0.06% | |
| AUM | $18M | $108.7B | |
| Dividend Yield | 12.55% | 3.13% | |
| Holdings | 86 | 104 | |
| YTD Return | +15.56% | +28.70% | |
| 1Y Return | +24.62% | +32.27% | |
| 3Y Return (annualized) | +12.92% | +17.27% | |
| 5Y Return (annualized) | - | +10.23% | |
| Volatility (annualized) | 14.5% | 13.7% | |
| Max Drawdown | -24.1% | -33.4% | |
| Fund Family | Amplify ETFs | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Sep 20, 2023 | Oct 20, 2011 |
HCOW vs SCHD Performance
Amplify COWS Covered Call ETF (HCOW) is a ETF from Amplify ETFs and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year HCOW returned +24.62% while SCHD returned +32.27%. Year to date, HCOW is up 15.56% versus a gain of 28.70% for SCHD.
Over three years, HCOW compounded at +12.92% per year against +17.27% for SCHD. Across the full 3-year window we track, HCOW has the edge at +12.92% annualized vs +11.63%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCOW has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 13.7% for SCHD. 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 -33.4% for SCHD. 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HCOW charges 0.65% per year while SCHD charges 0.06%. On a $10,000 position that is $65 vs $6 annually, a gap of $59 per year that compounds over a long holding period. On income, HCOW currently yields 12.55% against 3.13% for SCHD.
Holdings Overlap
Frequently Asked Questions
Which is cheaper, HCOW or SCHD?
HCOW has an expense ratio of 0.65% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $59 per year of difference.
Which performed better, HCOW or SCHD?
Over the past year HCOW returned +24.62% vs +32.27% for SCHD, so SCHD leads on 1-year performance. Over the longest common window we track (3 years), HCOW annualized +12.92% vs +11.63% for SCHD. Past performance does not guarantee future results.
Which is riskier, HCOW or SCHD?
HCOW has been the more volatile fund at 14.5% annualized versus 13.7% for SCHD. Worst drawdown: HCOW -24.1% vs SCHD -33.4%.
Should I hold both HCOW and SCHD?
HCOW and SCHD have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between HCOW and SCHD?
HCOW and SCHD share 2 common holdings with a 1.8% weight overlap. Combined, they hold 140 unique securities.
Which pays a higher dividend, HCOW or SCHD?
HCOW yields 12.55% while SCHD yields 3.13%, so HCOW currently pays the higher dividend yield.
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