HCOW vs OAKM
Amplify COWS Covered Call ETF vs Oakmark US Large Cap ETF
Which is better, HCOW or OAKM?
Each has led over a different period.
OAKM has a lower expense ratio. HCOW led over 1Y, OAKM over the full window. OAKM is less concentrated, with 35.0% of the fund in its ten largest positions against 41.6%.
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 | OAKM |
|---|---|---|
| Expense Ratio | 0.65% | 0.59%Best |
| AUM | $17M | $1.1B |
| Dividend Yield | 13.09% | 0.65% |
| Holdings | 86 | 41 |
| YTD Return | +8.81%Best | +6.05% |
| 1Y Return | +15.59%Best | +14.80% |
| 3Y Return (annualized) | +10.63% | - |
| Volatility (annualized) | 13.9% | 12.2%Best |
| Max Drawdown | -24.0% | -15.2%Best |
| $10,000 over 1.9 years | $10,811 | $12,344Best |
| Top 10 Weight | 41.6% | 35.0%Best |
| Fund Family | Amplify ETFs | Oakmark Funds |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 20, 2023 | Dec 3, 2024 |
Not shown on this pair: 5Y Return (annualized).
Volatility and max drawdown, and the $10,000 over 1.9 years row, are measured over the window both funds cover: Dec 3, 2024 to Oct 14, 2026 (1.9 years).
HCOW vs OAKM 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 1.9 years both funds cover.
HCOW vs OAKM Performance
Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs and Oakmark US Large Cap ETF (OAKM) is an ETF from Oakmark Funds. Over the past year HCOW returned +15.59% while OAKM returned +14.80%. Year to date, HCOW is up 8.81% versus a gain of 6.05% for OAKM.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCOW has been the more volatile fund, with annualized monthly volatility of 13.9% compared with 12.2% for OAKM. 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 -24.0% for HCOW and -15.2% for OAKM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.81. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HCOW charges 0.65% per year while OAKM charges 0.59%. On a $10,000 position that is $65 vs $59 annually, a gap of $6 per year that compounds over a long holding period. On income, HCOW currently yields 13.09% against 0.65% for OAKM.
Holdings Overlap
2.3% of HCOW's money is in holdings OAKM also owns. 3.3% of OAKM's money is in holdings HCOW also owns.
OAKM and HCOW share little of their money.
1 positions in common, counted across the 31 positions we hold weights for in HCOW and 39 in OAKM, against full books of 86 and 41.
What only one of them owns
Our book lists 35 positions for OAKM that do not appear in our book for HCOW (89.6% of the fund), and 30 for HCOW that do not appear in OAKM (98.0%).
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 OAKM | Difference |
|---|---|---|---|
| ICEIntercontinental Exchange Grp Usd0.01 | 2.28% | 3.32% | 1.04% |
You are not choosing between two funds in isolation.
Whichever of HCOW and OAKM 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 OAKM?
HCOW has an expense ratio of 0.65% while OAKM charges 0.59%. OAKM is the cheaper option, by $6 a year on a $10,000 investment.
Which performed better, HCOW or OAKM?
Over the past year HCOW returned +15.59% vs +14.80% for OAKM, so HCOW leads on 1-year performance. Over the longest common window we track (2 years), HCOW annualized +4.19% vs +11.72% for OAKM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCOW or OAKM?
HCOW has been the more volatile fund at 13.9% annualized versus 12.2% for OAKM. Worst drawdown: HCOW -24.0% vs OAKM -15.2%.
Should I hold both HCOW and OAKM?
HCOW and OAKM have a monthly-return correlation of 0.81, 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 OAKM?
3.3% of OAKM's money is in holdings HCOW also owns. 3.3% of OAKM's is in holdings HCOW also owns. They hold 1 positions in common, counted across the 31 positions we hold weights for in HCOW and 39 in OAKM.
Which pays a higher dividend, HCOW or OAKM?
HCOW yields 13.09% while OAKM yields 0.65%, so HCOW currently pays the higher dividend yield.
Is OAKM better than HCOW?
OAKM has a lower expense ratio. HCOW led over 1Y, OAKM over the full window. OAKM is less concentrated, with 35.0% of the fund in its ten largest positions against 41.6%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.