HCOW vs. IVEP

Last updated Jun 4, 2026

HCOW (Amplify Cash Flow High Income ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both exchange-traded funds - HCOW is a Large Cap Value Equities fund actively managed by Amplify, while IVEP is a Industrials Equities fund tracking the Solactive Wedbush AI Power & Infrastructure Index. HCOW is actively managed, while IVEP is passively managed. At a 0.36 correlation, their price movements are largely independent. HCOW charges 0.65%/yr vs 0.75%/yr for IVEP.

Performance

HCOW vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Cash Flow High Income ETF (HCOW) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HCOW

• 1D: -0.36%
• 1M: 3.03%
• YTD: 4.48%
• 6M: 4.26%
• 1Y: 21.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVEP

• 1D: -0.87%
• 1M: -1.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HCOW vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
HCOW Amplify Cash Flow High Income ETF	4.05%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	8.37%

Correlation

The correlation between HCOW and IVEP is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.36

Return for Risk

HCOW vs. IVEP — Risk / Return Rank

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

HCOW

HCOW Risk / Return Rank: 53
HCOW Sharpe Ratio Rank: 44
HCOW Sortino Ratio Rank: 47
HCOW Omega Ratio Rank: 44
HCOW Calmar Ratio Rank: 69
HCOW Martin Ratio Rank: 62

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.

HCOW vs. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow High Income ETF (HCOW) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

	HCOW	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	1.57	—	—
Sortino ratio: Return per unit of downside risk	2.35	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	3.46	—	—
Martin ratio: Return relative to average drawdown	11.15	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HCOW	IVEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.52	2.62	-2.10

Drawdowns

HCOW vs. IVEP - Drawdown Comparison

The maximum HCOW drawdown since its inception was -24.15%, which is greater than IVEP's maximum drawdown of -7.34%. Use the drawdown chart below to compare losses from any high point for HCOW and IVEP.

Drawdown Indicators

	HCOW	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-24.15%	-7.34%	-16.81%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	—	—
Current Drawdown Current decline from peak	-0.36%	-3.31%	+2.95%
Average Drawdown Average peak-to-trough decline	-4.88%	-1.97%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	—	—

Volatility

Volatility by Period

	HCOW	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.89%	26.29%	-12.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.60%	26.29%	-8.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.60%	26.29%	-8.69%

HCOW vs. IVEP - Expense Ratio Comparison

HCOW has a 0.65% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

HCOW vs. IVEP - Dividend Comparison

HCOW's dividend yield for the trailing twelve months is around 11.73%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
HCOW Amplify Cash Flow High Income ETF	11.73%	10.88%	8.13%	1.99%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HCOW and IVEP in my portfolio?

HCOW and IVEP have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HCOW or IVEP?

On fees, HCOW is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HCOW or IVEP?

HCOW is cheaper with a 0.65% expense ratio, compared with 0.75% for IVEP.

Which ETF pays a higher dividend yield, HCOW or IVEP?

HCOW has the higher dividend yield at 11.73%, compared with 0.00% for IVEP.

What is the main difference between HCOW and IVEP?

HCOW is categorized as Large Cap Value Equities, while IVEP is Industrials Equities. They also come from different issuers: Amplify and Wedbush. Their fees differ too: 0.65% for HCOW and 0.75% for IVEP.