FFLC vs HCOW
Fidelity Fundamental Large Cap Core ETF vs Amplify COWS Covered Call ETF
Which is better, FFLC or HCOW?
Each has led over a different period.
FFLC has a lower expense ratio. FFLC 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 41.9%.
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 | FFLC | HCOW |
|---|---|---|
| Expense Ratio | 0.38%Best | 0.65% |
| AUM | $1.2B | $17M |
| Dividend Yield | 1.01% | 13.09% |
| Holdings | 216 | 86 |
| YTD Return | +9.90%Best | +8.81% |
| 1Y Return | +14.13% | +15.59%Best |
| 3Y Return (annualized) | +22.06%Best | +10.63% |
| 5Y Return (annualized) | +15.97% | - |
| Volatility (annualized) | 13.2%Best | 15.2% |
| Max Drawdown | -19.7%Best | -24.1% |
| $10,000 over 3.1 years | $18,210Best | $13,468 |
| Top 10 Weight | 41.9% | 41.6%Best |
| Fund Family | Fidelity Investments (US) | Amplify ETFs |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Jun 2, 2020 | 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).
FFLC 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.
FFLC vs HCOW Performance
Fidelity Fundamental Large Cap Core ETF (FFLC) is an ETF from Fidelity Investments (US) and Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs. Over the past year FFLC returned +14.13% while HCOW returned +15.59%. Year to date, FFLC is up 9.90% versus a gain of 8.81% for HCOW.
Over three years, FFLC compounded at +22.06% per year against +10.63% 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 15.2% compared with 13.2% for FFLC. 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 -19.7% for FFLC 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 0.59. They move together some of the time, and apart the rest.
Fees and Cost Over Time
FFLC charges 0.38% per year while HCOW charges 0.65%. On a $10,000 position that is $38 vs $65 annually, a gap of $27 per year that compounds over a long holding period. On income, FFLC currently yields 1.01% against 13.09% for HCOW.
Holdings Overlap
4.8% of FFLC's money is in holdings HCOW also owns. 16.5% of HCOW's money is in holdings FFLC also owns.
HCOW and FFLC share little of their money.
6 positions in common, counted across the 108 positions we hold weights for in FFLC and 31 in HCOW, against full books of 216 and 86.
What only one of them owns
Our book lists 25 positions for HCOW that do not appear in our book for FFLC (83.8% of the fund), and 90 for FFLC that do not appear in HCOW (86.9%).
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 FFLC | Weight in HCOW | Difference |
|---|---|---|---|
| XOMExxonmobil Holdings Corp Common Stock Usd | 2.06% | 4.01% | 1.95% |
| STLDSteel Dynamics Inc | 0.39% | 3.78% | 3.39% |
| BKBank Of New York Mellon Corp | 0.94% | 2.09% | 1.15% |
| APOAthene (Ath) / Apollo Global Management (Apo) | 0.74% | 2.06% | 1.32% |
| AJGArthur J Gallagher & Co. | 0.52% | 2.24% | 1.72% |
| ICEIntercontinental Exchange Grp Usd0.01 | 0.18% | 2.28% | 2.10% |
You are not choosing between two funds in isolation.
Whichever of FFLC 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, FFLC or HCOW?
FFLC has an expense ratio of 0.38% while HCOW charges 0.65%. FFLC is the cheaper option, by $27 a year on a $10,000 investment.
Which performed better, FFLC or HCOW?
Over the past year FFLC returned +14.13% 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, FFLC or HCOW?
HCOW has been the more volatile fund at 15.2% annualized versus 13.2% for FFLC. Worst drawdown: FFLC -19.7% vs HCOW -24.1%.
Should I hold both FFLC and HCOW?
FFLC and HCOW have a monthly-return correlation of 0.59, 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 FFLC and HCOW?
16.5% of HCOW's money is in holdings FFLC also owns. 16.5% of HCOW's is in holdings FFLC also owns. They hold 6 positions in common, counted across the 108 positions we hold weights for in FFLC and 31 in HCOW.
Which pays a higher dividend, FFLC or HCOW?
FFLC yields 1.01% while HCOW yields 13.09%, so HCOW currently pays the higher dividend yield.
Is HCOW better than FFLC?
FFLC has a lower expense ratio. FFLC 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 41.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.