HCOW vs SCHV
Amplify COWS Covered Call ETF vs Schwab US Large-Cap Value ETF
Which is better, HCOW or SCHV?
SCHV has been ahead.
SCHV has a lower expense ratio. SCHV led over 1Y, 3Y and the full window. SCHV is less concentrated, with 20.0% 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 | SCHV |
|---|---|---|
| Expense Ratio | 0.65% | 0.04%Best |
| AUM | $17M | $15.4B |
| Dividend Yield | 13.09% | 1.88% |
| Holdings | 86 | 560 |
| YTD Return | +9.98% | +15.85%Best |
| 1Y Return | +16.40% | +19.67%Best |
| 3Y Return (annualized) | +11.02% | +19.33%Best |
| 5Y Return (annualized) | - | +10.37% |
| Volatility (annualized) | 15.3% | 12.0%Best |
| Max Drawdown | -24.1% | -15.3%Best |
| $10,000 over 3.1 years | $13,609 | $16,547Best |
| Top 10 Weight | 41.6% | 20.0%Best |
| Fund Family | Amplify ETFs | Charles Schwab Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 20, 2023 | Dec 11, 2009 |
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 15, 2026 (3.1 years).
HCOW vs SCHV 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 SCHV Performance
Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs and Schwab US Large-Cap Value ETF (SCHV) is an ETF from Charles Schwab Asset Management. Over the past year HCOW returned +16.40% while SCHV returned +19.67%. Year to date, HCOW is up 9.98% versus a gain of 15.85% for SCHV.
Over three years, HCOW compounded at +11.02% per year against +19.33% for SCHV.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
HCOW has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 12.0% for SCHV. 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 -15.3% for SCHV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.75. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
HCOW charges 0.65% per year while SCHV charges 0.04%. On a $10,000 position that is $65 vs $4 annually, a gap of $61 per year that compounds over a long holding period. On income, HCOW currently yields 13.09% against 1.88% for SCHV.
Holdings Overlap
81.1% of HCOW's money is in holdings SCHV also owns. 7.3% of SCHV's money is in holdings HCOW also owns.
Most of HCOW is already inside SCHV. Owning both mostly buys the same companies twice.
25 positions in common, counted across the 31 positions we hold weights for in HCOW and 567 in SCHV, against full books of 86 and 560.
What only one of them owns
Our book lists 531 positions for SCHV that do not appear in our book for HCOW (91.8% of the fund), and 6 for HCOW that do not appear in SCHV (19.2%).
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 SCHV | Difference |
|---|---|---|---|
| XOMExxonmobil Holdings Corp Common Stock Usd | 4.01% | 2.28% | 1.73% |
| CVXChevron Corp | 3.89% | 1.38% | 2.51% |
| QCOMQualcomm Inc. | 4.15% | 0.67% | 3.48% |
| HPEHewlett Packard Enterprise Co | 4.41% | 0.31% | 4.10% |
| LNGCheniere Energy Inc. | 3.97% | 0.19% | 3.78% |
| AVYAvery Dennison Corp. | 4.06% | 0.04% | 4.02% |
| HASHasbro Inc. | 4.06% | 0.04% | 4.02% |
| CSLCsl Ltd. - Adr | 3.87% | 0.04% | 3.83% |
| ZTSZoetis Inc . | 3.79% | 0.10% | 3.69% |
| STLDSteel Dynamics Inc | 3.78% | 0.11% | 3.67% |
81.1% of HCOW is already inside SCHV.
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 SCHV?
HCOW has an expense ratio of 0.65% while SCHV charges 0.04%. SCHV is the cheaper option, by $61 a year on a $10,000 investment.
Which performed better, HCOW or SCHV?
Over the past year HCOW returned +16.40% vs +19.67% for SCHV, so SCHV leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCOW or SCHV?
HCOW has been the more volatile fund at 15.3% annualized versus 12.0% for SCHV. Worst drawdown: HCOW -24.1% vs SCHV -15.3%.
Should I hold both HCOW and SCHV?
HCOW and SCHV have a monthly-return correlation of 0.75, 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 SCHV?
81.1% of HCOW's money is in holdings SCHV also owns. 7.3% of SCHV's is in holdings HCOW also owns. They hold 25 positions in common, counted across the 31 positions we hold weights for in HCOW and 567 in SCHV.
Which pays a higher dividend, HCOW or SCHV?
HCOW yields 13.09% while SCHV yields 1.88%, so HCOW currently pays the higher dividend yield.
Is SCHV better than HCOW?
SCHV has a lower expense ratio. SCHV led over 1Y, 3Y and the full window. SCHV is less concentrated, with 20.0% 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.