HCOW vs JEPI
Amplify COWS Covered Call ETF vs JPMorgan Equity Premium Income ETF
Which is better, HCOW or JEPI?
HCOW has been ahead.
JEPI has a lower expense ratio. HCOW led over 1Y, 3Y and the full window.
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 | JEPI |
|---|---|---|
| Expense Ratio | 0.65% | 0.35%Best |
| AUM | $17M | $45.7B |
| Dividend Yield | 13.09% | 8.16% |
| Holdings | 86 | 271 |
| YTD Return | +8.81%Best | +5.33% |
| 1Y Return | +15.59%Best | +8.29% |
| 3Y Return (annualized) | +10.63%Best | +10.19% |
| 5Y Return (annualized) | - | +7.54% |
| Volatility (annualized) | 15.2% | 7.7%Best |
| Max Drawdown | -24.1% | -13.3%Best |
| $10,000 over 3.1 years | $13,468Best | $13,249 |
| Fund Family | Amplify ETFs | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 20, 2023 | May 20, 2020 |
Not shown on this pair: Top 10 Weight.
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).
HCOW vs JEPI 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.
HCOW vs JEPI Performance
Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs and JPMorgan Equity Premium Income ETF (JEPI) is an ETF from J.P. Morgan Asset Management. Over the past year HCOW returned +15.59% while JEPI returned +8.29%. Year to date, HCOW is up 8.81% versus a gain of 5.33% for JEPI.
Over three years, HCOW compounded at +10.63% per year against +10.19% for JEPI.
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 7.7% for JEPI. 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 -13.3% for JEPI. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HCOW charges 0.65% per year while JEPI charges 0.35%. On a $10,000 position that is $65 vs $35 annually, a gap of $30 per year that compounds over a long holding period. On income, HCOW currently yields 13.09% against 8.16% for JEPI.
Holdings Overlap
At least 12.9% of HCOW's money is in holdings JEPI also owns.
Stated as a floor: for JEPI, our book for it covers 86.7% of that fund, so a holding it does not list is one we cannot count as shared. The real figure is this or higher.
HCOW and JEPI share little of their money.
4 positions in common, counted across the 31 positions we hold weights for in HCOW and 121 in JEPI, against full books of 86 and 271.
You are not choosing between two funds in isolation.
Whichever of HCOW and JEPI 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, HCOW or JEPI?
HCOW has an expense ratio of 0.65% while JEPI charges 0.35%. JEPI is the cheaper option, by $30 a year on a $10,000 investment.
Which performed better, HCOW or JEPI?
Over the past year HCOW returned +15.59% vs +8.29% for JEPI, so HCOW leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCOW or JEPI?
HCOW has been the more volatile fund at 15.2% annualized versus 7.7% for JEPI. Worst drawdown: HCOW -24.1% vs JEPI -13.3%.
Should I hold both HCOW and JEPI?
HCOW and JEPI have a monthly-return correlation of 0.73, 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 JEPI?
At least 12.9% of HCOW's money is in holdings JEPI also owns. Our book for JEPI is partial, so the real figure is this or higher. They hold 4 positions in common, counted across the 31 positions we hold weights for in HCOW and 121 in JEPI.
Which pays a higher dividend, HCOW or JEPI?
HCOW yields 13.09% while JEPI yields 8.16%, so HCOW currently pays the higher dividend yield.
Is JEPI better than HCOW?
JEPI has a lower expense ratio. HCOW led over 1Y, 3Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.