EPMV vs. COWS

Last updated Jun 26, 2026

EPMV (Harbor Mid Cap Value ETF) and COWS (Amplify Cash Flow Dividend Leaders ETF) are both Mid Cap Value Equities funds. EPMV is actively managed, while COWS is passively managed. Over the past year, EPMV returned 29.68% vs 28.43% for COWS. Their correlation of 0.81 suggests significant overlap in exposure. EPMV charges 0.88%/yr vs 0.00%/yr for COWS.

Performance

EPMV vs. COWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Harbor Mid Cap Value ETF (EPMV) and Amplify Cash Flow Dividend Leaders ETF (COWS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EPMV achieves a 19.80% return, which is significantly higher than COWS's 9.66% return.

EPMV

• 1D: 1.11%
• 1M: 2.68%
• YTD: 19.80%
• 6M: 17.62%
• 1Y: 29.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COWS

• 1D: 0.03%
• 1M: 2.70%
• YTD: 9.66%
• 6M: 8.53%
• 1Y: 28.43%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

EPMV vs. COWS - Yearly Performance Comparison

	2026 (YTD)	2025
EPMV Harbor Mid Cap Value ETF	19.80%	14.19%
COWS Amplify Cash Flow Dividend Leaders ETF	9.66%	28.45%

Correlation

The correlation between EPMV and COWS is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since May 2, 2025	0.81

The correlation between EPMV and COWS has been stable across timeframes, ranging from 0.80 to 0.81 - a consistent structural relationship.

EPMV vs. COWS - Sectors Allocation Comparison

Sectors	EPMV	COWS
Financial Services	18.7%	15.8%
Industrials	18.3%	22.9%
Technology	15.9%	24.3%
Consumer Cyclical	13.7%	9.7%
Healthcare	7.7%	7.7%
Real Estate	6.5%	-
Basic Materials	6.0%	3.4%
Energy	4.6%	6.9%
Utilities	2.7%	2.2%
Consumer Defensive	1.5%	2.8%
Communication Services	-	4.1%

Return for Risk

EPMV vs. COWS — Risk / Return Rank

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

EPMV

EPMV Risk / Return Rank: 69
EPMV Sharpe Ratio Rank: 67
EPMV Sortino Ratio Rank: 70
EPMV Omega Ratio Rank: 63
EPMV Calmar Ratio Rank: 76
EPMV Martin Ratio Rank: 69

COWS

COWS Risk / Return Rank: 69
COWS Sharpe Ratio Rank: 60
COWS Sortino Ratio Rank: 64
COWS Omega Ratio Rank: 57
COWS Calmar Ratio Rank: 88
COWS Martin Ratio Rank: 79

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.

EPMV vs. COWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Harbor Mid Cap Value ETF (EPMV) and Amplify Cash Flow Dividend Leaders ETF (COWS). 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.

	EPMV	COWS	Difference
Sharpe ratio: Return per unit of total volatility	1.92	1.75	+0.17
Sortino ratio: Return per unit of downside risk	2.80	2.56	+0.23
Omega ratio: Gain probability vs. loss probability	1.34	1.31	+0.03
Calmar ratio: Return relative to maximum drawdown	3.40	4.44	-1.04
Martin ratio: Return relative to average drawdown	11.13	13.35	-2.22

EPMV vs. COWS - Sharpe Ratio Comparison

The current EPMV Sharpe Ratio is 1.92, which is comparable to the COWS Sharpe Ratio of 1.75. The chart below compares the historical Sharpe Ratios of EPMV and COWS, 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

EPMV vs. COWS - Drawdown Comparison

The maximum EPMV drawdown since its inception was -8.78%, smaller than the maximum COWS drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for EPMV and COWS.

Drawdown Indicators

	EPMV	COWS	Difference
Max Drawdown Largest peak-to-trough decline	-8.78%	-24.76%	+15.98%
Max Drawdown (1Y) Largest decline over 1 year	-8.78%	-6.44%	-2.34%
Current Drawdown Current decline from peak	0.00%	-0.91%	+0.91%
Average Drawdown Average peak-to-trough decline	-1.74%	-3.88%	+2.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.67%	2.14%	+0.53%

Volatility

EPMV vs. COWS - Volatility Comparison

Harbor Mid Cap Value ETF (EPMV) and Amplify Cash Flow Dividend Leaders ETF (COWS) have volatilities of 4.66% and 4.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EPMV	COWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	4.50%	+0.16%
Volatility (6M) Calculated over the trailing 6-month period	11.71%	10.46%	+1.25%
Volatility (1Y) Calculated over the trailing 1-year period	15.54%	16.38%	-0.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.57%	18.77%	-3.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.57%	18.77%	-3.20%

EPMV vs. COWS - Expense Ratio Comparison

EPMV has a 0.88% expense ratio, which is higher than COWS's 0.00% expense ratio.

Dividends

EPMV vs. COWS - Dividend Comparison

EPMV's dividend yield for the trailing twelve months is around 1.23%, less than COWS's 1.60% yield.

Position	TTM	2025	2024	2023
COWS Amplify Cash Flow Dividend Leaders ETF	1.60%	2.04%	2.08%	0.67%
EPMV Harbor Mid Cap Value ETF	1.23%	1.48%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EPMV and COWS in my portfolio?

EPMV and COWS have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EPMV or COWS?

EPMV has higher volatility (4.66%) compared to COWS (4.50%). In terms of maximum drawdown, EPMV dropped -8.78% vs COWS's -24.76%.

Which ETF is better, EPMV or COWS?

On 1-year performance, EPMV leads with 29.68% vs 28.43% for COWS. On fees, COWS is cheaper at 0.00% per year. On volatility, COWS has been the lower-risk option at 4.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EPMV or COWS?

Over the 1-year period, EPMV has performed better with a 29.68% return vs 28.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EPMV or COWS?

COWS is cheaper with a 0.00% expense ratio, compared with 0.88% for EPMV.

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

COWS has the higher dividend yield at 1.60%, compared with 1.23% for EPMV.

What is the main difference between EPMV and COWS?

They also come from different issuers: Harbor and Amplify. Their fees differ too: 0.88% for EPMV and 0.00% for COWS.

Which has better risk-adjusted returns?

EPMV currently has the higher Sharpe Ratio (1.92 vs 1.75), 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.