DFNL vs HCOW
Davis Select Financial ETF vs Amplify COWS Covered Call ETF
Which is better, DFNL or HCOW?
Each has led over a different period.
DFNL has a lower expense ratio. DFNL 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 56.8%.
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 | DFNL | HCOW |
|---|---|---|
| Expense Ratio | 0.63%Best | 0.65% |
| AUM | $442M | $17M |
| Dividend Yield | 1.37% | 13.09% |
| Holdings | 90 | 86 |
| YTD Return | -0.91% | +8.81%Best |
| 1Y Return | +8.37% | +15.59%Best |
| 3Y Return (annualized) | +22.68%Best | +10.63% |
| 5Y Return (annualized) | +10.68% | - |
| Volatility (annualized) | 15.3% | 15.2%Best |
| Max Drawdown | -16.5%Best | -24.1% |
| $10,000 over 3.1 years | $18,043Best | $13,468 |
| Top 10 Weight | 56.8% | 41.6%Best |
| Fund Family | Davis ETFs | Amplify ETFs |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jan 11, 2017 | Sep 20, 2023 |
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 Oct 14, 2026 (3.1 years).
DFNL 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.
DFNL vs HCOW Performance
Davis Select Financial ETF (DFNL) is an ETF from Davis ETFs and Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs. Over the past year DFNL returned +8.37% while HCOW returned +15.59%. Year to date, DFNL is down 0.91% versus a gain of 8.81% for HCOW.
Over three years, DFNL compounded at +22.68% per year against +10.63% for HCOW.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DFNL has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 15.2% 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 -16.5% for DFNL 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 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DFNL charges 0.63% per year while HCOW charges 0.65%. On a $10,000 position that is $63 vs $65 annually, a gap of $2 per year that compounds over a long holding period. On income, DFNL currently yields 1.37% against 13.09% for HCOW.
Holdings Overlap
2.4% of DFNL's money is in holdings HCOW also owns. 2.1% of HCOW's money is in holdings DFNL also owns.
DFNL and HCOW share little of their money.
1 positions in common, counted across the 30 positions we hold weights for in DFNL and 31 in HCOW, against full books of 90 and 86.
What only one of them owns
Our book lists 30 positions for HCOW that do not appear in our book for DFNL (98.2% of the fund), and 22 for DFNL that do not appear in HCOW (81.3%).
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 DFNL | Weight in HCOW | Difference |
|---|---|---|---|
| BKBank Of New York Mellon Corp | 2.37% | 2.09% | 0.28% |
You are not choosing between two funds in isolation.
Whichever of DFNL 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, DFNL or HCOW?
DFNL has an expense ratio of 0.63% while HCOW charges 0.65%. DFNL is the cheaper option, by $2 a year on a $10,000 investment.
Which performed better, DFNL or HCOW?
Over the past year DFNL returned +8.37% vs +15.59% 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, DFNL or HCOW?
DFNL has been the more volatile fund at 15.3% annualized versus 15.2% for HCOW. Worst drawdown: DFNL -16.5% vs HCOW -24.1%.
Should I hold both DFNL and HCOW?
DFNL and HCOW have a monthly-return correlation of 0.77, 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 DFNL and HCOW?
2.4% of DFNL's money is in holdings HCOW also owns. 2.1% of HCOW's is in holdings DFNL also owns. They hold 1 positions in common, counted across the 30 positions we hold weights for in DFNL and 31 in HCOW.
Which pays a higher dividend, DFNL or HCOW?
DFNL yields 1.37% while HCOW yields 13.09%, so HCOW currently pays the higher dividend yield.
Is HCOW better than DFNL?
DFNL has a lower expense ratio. DFNL 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 56.8%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.