COWS vs. ABLD

Last updated Jun 24, 2026

COWS (Amplify Cash Flow Dividend Leaders ETF) and ABLD (Abacus FCF Real Assets Leaders ETF) are both Mid Cap Value Equities funds - COWS tracks the Kelly US Cash Flow Dividend Leaders Index while ABLD tracks the FCF Yield Enhanced Real Asset Index. Both are passively managed. Over the past year, COWS returned 27.27% vs 9.80% for ABLD. Their correlation of 0.80 suggests significant overlap in exposure. COWS charges 0.00%/yr vs 0.39%/yr for ABLD.

Performance

COWS vs. ABLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Cash Flow Dividend Leaders ETF (COWS) and Abacus FCF Real Assets Leaders ETF (ABLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWS achieves a 8.83% return, which is significantly higher than ABLD's 4.86% return.

COWS

• 1D: 0.40%
• 1M: 2.83%
• YTD: 8.83%
• 6M: 8.14%
• 1Y: 27.27%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ABLD

• 1D: -0.69%
• 1M: -3.79%
• YTD: 4.86%
• 6M: 4.29%
• 1Y: 9.80%
• 3Y*: 11.30%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

COWS vs. ABLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COWS Amplify Cash Flow Dividend Leaders ETF	8.83%	15.29%	11.08%	9.31%
ABLD Abacus FCF Real Assets Leaders ETF	4.86%	6.64%	7.05%	5.47%

Correlation

The correlation between COWS and ABLD is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.80

The correlation between COWS and ABLD shifts across timeframes, from 0.66 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

Return for Risk

COWS vs. ABLD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COWS

COWS Risk / Return Rank: 62
COWS Sharpe Ratio Rank: 52
COWS Sortino Ratio Rank: 54
COWS Omega Ratio Rank: 49
COWS Calmar Ratio Rank: 83
COWS Martin Ratio Rank: 73

ABLD

ABLD Risk / Return Rank: 20
ABLD Sharpe Ratio Rank: 20
ABLD Sortino Ratio Rank: 19
ABLD Omega Ratio Rank: 19
ABLD Calmar Ratio Rank: 20
ABLD Martin Ratio Rank: 21

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

COWS vs. ABLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow Dividend Leaders ETF (COWS) and Abacus FCF Real Assets Leaders ETF (ABLD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	COWS	ABLD	Difference
Sharpe ratio: Return per unit of total volatility	1.67	0.65	+1.02
Sortino ratio: Return per unit of downside risk	2.46	0.97	+1.48
Omega ratio: Gain probability vs. loss probability	1.29	1.13	+0.17
Calmar ratio: Return relative to maximum drawdown	4.26	0.85	+3.41
Martin ratio: Return relative to average drawdown	12.80	2.48	+10.33

COWS vs. ABLD - Sharpe Ratio Comparison

The current COWS Sharpe Ratio is 1.67, which is higher than the ABLD Sharpe Ratio of 0.65. The chart below compares the historical Sharpe Ratios of COWS and ABLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COWS vs. ABLD - Drawdown Comparison

The maximum COWS drawdown since its inception was -24.76%, which is greater than ABLD's maximum drawdown of -19.35%. Use the drawdown chart below to compare losses from any high point for COWS and ABLD.

Drawdown Indicators

	COWS	ABLD	Difference
Max Drawdown Largest peak-to-trough decline	-24.76%	-19.35%	-5.41%
Max Drawdown (1Y) Largest decline over 1 year	-6.44%	-11.64%	+5.20%
Max Drawdown (3Y) Largest decline over 3 years	—	-19.35%	—
Current Drawdown Current decline from peak	-1.66%	-10.50%	+8.84%
Average Drawdown Average peak-to-trough decline	-3.89%	-4.02%	+0.13%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	3.97%	-1.83%

Volatility

COWS vs. ABLD - Volatility Comparison

Amplify Cash Flow Dividend Leaders ETF (COWS) has a higher volatility of 4.87% compared to Abacus FCF Real Assets Leaders ETF (ABLD) at 4.19%. This indicates that COWS's price experiences larger fluctuations and is considered to be riskier than ABLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWS	ABLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.87%	4.19%	+0.68%
Volatility (6M) Calculated over the trailing 6-month period	10.46%	13.19%	-2.73%
Volatility (1Y) Calculated over the trailing 1-year period	16.40%	15.07%	+1.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.80%	17.50%	+1.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.80%	17.50%	+1.30%

COWS vs. ABLD - Expense Ratio Comparison

COWS has a 0.00% expense ratio, which is lower than ABLD's 0.39% expense ratio.

Dividends

COWS vs. ABLD - Dividend Comparison

COWS's dividend yield for the trailing twelve months is around 1.61%, less than ABLD's 4.35% yield.

Position	TTM	2025	2024	2023	2022	2021
ABLD Abacus FCF Real Assets Leaders ETF	4.35%	2.86%	10.13%	4.70%	8.40%	0.08%
COWS Amplify Cash Flow Dividend Leaders ETF	1.61%	2.04%	2.08%	0.67%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COWS and ABLD in my portfolio?

COWS and ABLD have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COWS or ABLD?

COWS has higher volatility (4.87%) compared to ABLD (4.19%). In terms of maximum drawdown, COWS dropped -24.76% vs ABLD's -19.35%.

Which ETF is better, COWS or ABLD?

On 1-year performance, COWS leads with 27.27% vs 9.80% for ABLD. On fees, COWS is cheaper at 0.00% per year. On volatility, ABLD has been the lower-risk option at 4.19%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWS or ABLD?

Over the 1-year period, COWS has performed better with a 27.27% return vs 9.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWS or ABLD?

COWS is cheaper with a 0.00% expense ratio, compared with 0.39% for ABLD.

Which ETF pays a higher dividend yield, COWS or ABLD?

ABLD has the higher dividend yield at 4.35%, compared with 1.61% for COWS.

What is the main difference between COWS and ABLD?

COWS tracks Kelly US Cash Flow Dividend Leaders Index, while ABLD tracks FCF Yield Enhanced Real Asset Index. They also come from different issuers: Amplify and Abacus. Their fees differ too: 0.00% for COWS and 0.39% for ABLD.

Which has better risk-adjusted returns?

COWS currently has the higher Sharpe Ratio (1.67 vs 0.65), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.