HCOW vs SIXA
Amplify COWS Covered Call ETF vs ETC 6 Meridian Mega Cap Equity ETF
Which is better, HCOW or SIXA?
SIXA has been ahead.
SIXA has a lower expense ratio. SIXA led over 1Y, 3Y and the full window. SIXA is less concentrated, with 34.8% 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 | SIXA |
|---|---|---|
| Expense Ratio | 0.65% | 0.47%Best |
| AUM | $17M | $540M |
| Dividend Yield | 13.09% | 1.96% |
| Holdings | 86 | 150 |
| YTD Return | +8.81% | +16.78%Best |
| 1Y Return | +15.59% | +19.27%Best |
| 3Y Return (annualized) | +10.63% | +21.22%Best |
| 5Y Return (annualized) | - | +12.90% |
| Volatility (annualized) | 15.2% | 9.5%Best |
| Max Drawdown | -24.1% | -11.2%Best |
| $10,000 over 3.1 years | $13,468 | $17,680Best |
| Top 10 Weight | 41.6% | 34.8%Best |
| Fund Family | Amplify ETFs | 6 Meridian ETF |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Sep 20, 2023 | May 11, 2020 |
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 SIXA 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 SIXA Performance
Amplify COWS Covered Call ETF (HCOW) is an ETF from Amplify ETFs and ETC 6 Meridian Mega Cap Equity ETF (SIXA) is an ETF from 6 Meridian ETF. Over the past year HCOW returned +15.59% while SIXA returned +19.27%. Year to date, HCOW is up 8.81% versus a gain of 16.78% for SIXA.
Over three years, HCOW compounded at +10.63% per year against +21.22% for SIXA.
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 9.5% for SIXA. 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 -11.2% for SIXA. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.67. They move together some of the time, and apart the rest.
Fees and Cost Over Time
HCOW charges 0.65% per year while SIXA charges 0.47%. On a $10,000 position that is $65 vs $47 annually, a gap of $18 per year that compounds over a long holding period. On income, HCOW currently yields 13.09% against 1.96% for SIXA.
Holdings Overlap
11.1% of HCOW's money is in holdings SIXA also owns. 5.8% of SIXA's money is in holdings HCOW also owns.
HCOW and SIXA share little of their money.
4 positions in common, counted across the 31 positions we hold weights for in HCOW and 50 in SIXA, against full books of 86 and 150.
What only one of them owns
Our book lists 46 positions for SIXA that do not appear in our book for HCOW (94.2% of the fund), and 27 for HCOW that do not appear in SIXA (89.2%).
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.
You are not choosing between two funds in isolation.
Whichever of HCOW and SIXA 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 SIXA?
HCOW has an expense ratio of 0.65% while SIXA charges 0.47%. SIXA is the cheaper option, by $18 a year on a $10,000 investment.
Which performed better, HCOW or SIXA?
Over the past year HCOW returned +15.59% vs +19.27% for SIXA, so SIXA leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, HCOW or SIXA?
HCOW has been the more volatile fund at 15.2% annualized versus 9.5% for SIXA. Worst drawdown: HCOW -24.1% vs SIXA -11.2%.
Should I hold both HCOW and SIXA?
HCOW and SIXA have a monthly-return correlation of 0.67, 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 SIXA?
11.1% of HCOW's money is in holdings SIXA also owns. 5.8% of SIXA's is in holdings HCOW also owns. They hold 4 positions in common, counted across the 31 positions we hold weights for in HCOW and 50 in SIXA.
Which pays a higher dividend, HCOW or SIXA?
HCOW yields 13.09% while SIXA yields 1.96%, so HCOW currently pays the higher dividend yield.
Is SIXA better than HCOW?
SIXA has a lower expense ratio. SIXA led over 1Y, 3Y and the full window. SIXA is less concentrated, with 34.8% 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.