COWS vs. FVD
Compare and contrast key facts about Amplify Cash Flow Dividend Leaders ETF (COWS) and First Trust Value Line Dividend Index Fund (FVD).
COWS and FVD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COWS is a passively managed fund by Amplify that tracks the performance of the Kelly US Cash Flow Dividend Leaders Index. It was launched on Sep 12, 2023. FVD is a passively managed fund by First Trust that tracks the performance of the Value Line Dividend Index. It was launched on Aug 26, 2003. Both COWS and FVD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
COWS vs. FVD - Performance Comparison
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COWS vs. FVD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
COWS Amplify Cash Flow Dividend Leaders ETF | -0.53% | 15.29% | 11.08% | 9.28% |
FVD First Trust Value Line Dividend Index Fund | 2.62% | 8.16% | 10.04% | 5.80% |
Returns By Period
In the year-to-date period, COWS achieves a -0.53% return, which is significantly lower than FVD's 2.62% return.
COWS
- 1D
- 1.78%
- 1M
- -4.77%
- YTD
- -0.53%
- 6M
- 4.15%
- 1Y
- 19.34%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FVD
- 1D
- 0.90%
- 1M
- -5.57%
- YTD
- 2.62%
- 6M
- 2.97%
- 1Y
- 8.00%
- 3Y*
- 7.92%
- 5Y*
- 6.65%
- 10Y*
- 8.61%
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COWS vs. FVD - Expense Ratio Comparison
COWS has a 0.00% expense ratio, which is lower than FVD's 0.61% expense ratio.
Return for Risk
COWS vs. FVD — Risk / Return Rank
COWS
FVD
COWS vs. FVD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow Dividend Leaders ETF (COWS) and First Trust Value Line Dividend Index Fund (FVD). 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.
| COWS | FVD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 0.64 | +0.21 |
Sortino ratioReturn per unit of downside risk | 1.32 | 1.00 | +0.32 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.13 | +0.06 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 0.96 | +0.24 |
Martin ratioReturn relative to average drawdown | 5.25 | 3.89 | +1.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COWS | FVD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 0.64 | +0.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.73 | 0.58 | +0.15 |
Correlation
The correlation between COWS and FVD is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
COWS vs. FVD - Dividend Comparison
COWS's dividend yield for the trailing twelve months is around 1.77%, less than FVD's 2.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COWS Amplify Cash Flow Dividend Leaders ETF | 1.77% | 2.04% | 2.08% | 0.67% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FVD First Trust Value Line Dividend Index Fund | 2.30% | 2.36% | 2.23% | 2.34% | 2.20% | 1.75% | 2.31% | 2.03% | 2.50% | 2.10% | 2.04% | 2.34% |
Drawdowns
COWS vs. FVD - Drawdown Comparison
The maximum COWS drawdown since its inception was -24.76%, smaller than the maximum FVD drawdown of -51.00%. Use the drawdown chart below to compare losses from any high point for COWS and FVD.
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Drawdown Indicators
| COWS | FVD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.76% | -51.00% | +26.24% |
Max Drawdown (1Y)Largest decline over 1 year | -16.70% | -9.29% | -7.41% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.41% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.25% | — |
Current DrawdownCurrent decline from peak | -4.77% | -5.57% | +0.80% |
Average DrawdownAverage peak-to-trough decline | -4.12% | -5.45% | +1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.30% | +1.52% |
Volatility
COWS vs. FVD - Volatility Comparison
Amplify Cash Flow Dividend Leaders ETF (COWS) has a higher volatility of 4.20% compared to First Trust Value Line Dividend Index Fund (FVD) at 3.16%. This indicates that COWS's price experiences larger fluctuations and is considered to be riskier than FVD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COWS | FVD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 3.16% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 11.40% | 6.49% | +4.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.88% | 12.56% | +10.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.10% | 12.76% | +6.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.10% | 15.43% | +3.67% |