HCOW vs VOO
Amplify COWS Covered Call ETF vs Vanguard S&P 500 ETF
Which is better, HCOW or VOO?
Large Cap Value against Large Cap Blend.
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. HCOW is less concentrated, with 32.5% of the fund in its ten largest positions against 37.6%.
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 | HCOW | VOO |
|---|---|---|
| Expense Ratio | 0.65% | 0.03%Best |
| AUM | $18M | $997.4B |
| Dividend Yield | 12.01% | 1.04% |
| Holdings | 175 | 509 |
| YTD Return | +7.13% | +13.82%Best |
| 1Y Return | +12.10% | +18.56%Best |
| 3Y Return (annualized) | +10.13% | +23.49%Best |
| 5Y Return (annualized) | - | +13.34% |
| Volatility (annualized) | 15.0% | 12.4%Best |
| Max Drawdown | -24.1% | -18.7%Best |
| $10,000 over 3 years | $13,198 | $18,221Best |
| Top 10 Weight | 32.5%Best | 37.6% |
| Fund Family | Amplify ETFs | Vanguard (US) |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Blend |
| Inception | Sep 20, 2023 | Sep 7, 2010 |
Volatility and max drawdown, and the $10,000 over 3 years row, are measured over the window both funds cover: Sep 20, 2023 to Sep 25, 2026 (3 years).
HCOW vs VOO 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 years both funds cover.
HCOW vs VOO Performance
Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs and Vanguard S&P 500 ETF (VOO) is an ETF from Vanguard (US). Over the past year HCOW returned +12.10% while VOO returned +18.56%. Year to date, HCOW is up 7.13% versus a gain of 13.82% for VOO.
Over three years, HCOW compounded at +10.13% per year against +23.49% for VOO.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCOW has been the more volatile fund, with annualized monthly volatility of 15.0% compared with 12.4% for VOO. 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 -18.7% for VOO. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.61. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HCOW charges 0.65% per year while VOO 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 12.01% against 1.04% for VOO.
Holdings Overlap
58.0% of HCOW's money is in holdings VOO also owns. 2.0% of VOO's money is in holdings HCOW also owns.
The two portfolios partly overlap.
25 positions in common, counted across the 42 positions we hold weights for in HCOW and 494 in VOO, against full books of 175 and 509.
What only one of them owns
Our book lists 462 positions for VOO that do not appear in our book for HCOW (97.1% of the fund), and 17 for HCOW that do not appear in VOO (42.4%).
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.
Top Shared Holdings
| Stock | Weight in HCOW | Weight in VOO | Difference |
|---|---|---|---|
| BKNGBooking Holdings, Inc. | 3.13% | 0.23% | 2.90% |
| INTUIntuit, Inc. | 3.19% | 0.14% | 3.05% |
| ROPRoper Technologies Inc. | 3.21% | 0.06% | 3.15% |
| CORCencora Inc | 2.91% | 0.09% | 2.82% |
| MCKMckesson Corp. | 2.83% | 0.16% | 2.67% |
| HASHasbro Inc. | 2.89% | 0.02% | 2.87% |
| AVYAvery Dennison Corp. | 2.82% | 0.02% | 2.80% |
| WSMWilliams-sonoma Inc | 2.79% | 0.04% | 2.75% |
| FDXFedex Corp | 2.59% | 0.10% | 2.49% |
| EQTEQT Corp. | 2.60% | 0.05% | 2.55% |
58.0% of HCOW is already inside VOO.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, HCOW or VOO?
HCOW has an expense ratio of 0.65% while VOO charges 0.03%. VOO is the cheaper option, by $62 a year on a $10,000 investment.
Which performed better, HCOW or VOO?
Over the past year HCOW returned +12.10% vs +18.56% for VOO, so VOO leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCOW or VOO?
HCOW has been the more volatile fund at 15.0% annualized versus 12.4% for VOO. Worst drawdown: HCOW -24.1% vs VOO -18.7%.
Should I hold both HCOW and VOO?
HCOW and VOO have a monthly-return correlation of 0.61, 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 HCOW and VOO?
58.0% of HCOW's money is in holdings VOO also owns. 2.0% of VOO's is in holdings HCOW also owns. They hold 25 positions in common, counted across the 42 positions we hold weights for in HCOW and 494 in VOO.
Which pays a higher dividend, HCOW or VOO?
HCOW yields 12.01% while VOO yields 1.04%, so HCOW currently pays the higher dividend yield.
Is VOO better than HCOW?
VOO has a lower expense ratio. VOO led over 1Y, 3Y and the full window. HCOW is less concentrated, with 32.5% of the fund in its ten largest positions against 37.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.