PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
HCOW vs. IWX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

HCOW vs. IWX

Last updated Aug 2, 2026
Documentation

HCOW (Amplify Cash Flow High Income ETF) and IWX (iShares Russell Top 200 Value ETF) are both Large Cap Value Equities funds. HCOW is actively managed, while IWX is passively managed. Over the past year, HCOW returned 23.43% vs 34.92% for IWX. Their 0.77 correlation means they have sometimes moved together and sometimes differently. HCOW charges 0.65%/yr vs 0.20%/yr for IWX.

Performance

HCOW vs. IWX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Cash Flow High Income ETF (HCOW) and iShares Russell Top 200 Value ETF (IWX). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, HCOW achieves a 10.71% return, which is significantly lower than IWX's 20.90% return.

HCOW

1D
0.33%
1M
5.12%
6M
9.66%
YTD
10.71%
1Y
23.43%
3Y*
—
5Y*
—
10Y*
—
ALL TIME*
10.16%

IWX

1D
0.74%
1M
2.59%
6M
15.57%
YTD
20.90%
1Y
34.92%
3Y*
18.98%
5Y*
12.65%
10Y*
12.13%
ALL TIME*
11.70%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

HCOW

Amplify Cash Flow High Income ETF
$145.82K$136.25K$131.36K

IWX

iShares Russell Top 200 Value ETF
$55.11M$49.72M$33.93M

HCOW vs. IWX - Yearly Performance Comparison

2026 (YTD)202520242023
HCOW
Amplify Cash Flow High Income ETF		10.71%5.76%7.63%4.66%
IWX
iShares Russell Top 200 Value ETF		20.90%18.23%14.89%4.48%

Correlation

The correlation between HCOW and IWX is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.73

Correlation (All Time)
Calculated using the full available price history since Sep 20, 2023

0.77

The correlation between HCOW and IWX has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.

HCOW vs. IWX - Sectors Allocation Comparison

Sectors
HCOW
IWX

Financial Services

20.1%
20.0%

Consumer Cyclical

17.8%
11.6%

Technology

17.1%
22.6%

Industrials

15.7%
8.3%

Healthcare

10.9%
13.6%

Energy

8.4%
5.1%

Basic Materials

5.8%
2.8%

Communication Services

2.6%
3.5%

Consumer Defensive

2.5%
8.2%

Utilities

2.3%
2.6%

Real Estate

-

1.8%

Financial Services

HCOW
20.1%
IWX
20.0%

Consumer Cyclical

HCOW
17.8%
IWX
11.6%

Technology

HCOW
17.1%
IWX
22.6%

Industrials

HCOW
15.7%
IWX
8.3%

Healthcare

HCOW
10.9%
IWX
13.6%

Energy

HCOW
8.4%
IWX
5.1%

Basic Materials

HCOW
5.8%
IWX
2.8%

Communication Services

HCOW
2.6%
IWX
3.5%

Consumer Defensive

HCOW
2.5%
IWX
8.2%

Utilities

HCOW
2.3%
IWX
2.6%

Real Estate

HCOW

-

IWX
1.8%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Amplify Cash Flow High Income ETF

iShares Russell Top 200 Value ETF

Often compared with HCOW:
HCOW vs. QDVOHCOW vs. COWZHCOW vs. COWSHCOW vs. SGLCHCOW vs. GCOWHCOW vs. VFLOHCOW vs. SCHD
Often compared with IWX:
IWX vs. IWNIWX vs. IWYIWX vs. IWCIWX vs. IWFIWX vs. XLPIWX vs. QQQIWX vs. SPYV

Return for Risk

HCOW vs. IWX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
HCOW
HCOW Risk / Return Rank: 7676
Overall Rank
HCOW Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
HCOW Sortino Ratio Rank: 7272
Sortino Ratio Rank
HCOW Omega Ratio Rank: 6868
Omega Ratio Rank
HCOW Calmar Ratio Rank: 8787
Calmar Ratio Rank
HCOW Martin Ratio Rank: 8383
Martin Ratio Rank
IWX
IWX Risk / Return Rank: 9595
Overall Rank
IWX Sharpe Ratio Rank: 9696
Sharpe Ratio Rank
IWX Sortino Ratio Rank: 9696
Sortino Ratio Rank
IWX Omega Ratio Rank: 9595
Omega Ratio Rank
IWX Calmar Ratio Rank: 9595
Calmar Ratio Rank
IWX Martin Ratio Rank: 9696
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HCOW vs. IWX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow High Income ETF (HCOW) and iShares Russell Top 200 Value ETF (IWX). 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.

HCOWIWXDifference
Sharpe ratioReturn per unit of total volatility
1.56
3.10

-1.53

Sortino ratioReturn per unit of downside risk
2.33
4.28

-1.95

Omega ratioGain probability vs. loss probability

1.28

1.55

-0.27

Calmar ratioReturn relative to maximum drawdown

3.42

5.05

-1.63

Martin ratioReturn relative to average drawdown

11.36

22.22

-10.85

HCOW vs. IWX - Sharpe Ratio Comparison

The current HCOW Sharpe Ratio is 1.56, which is lower than the IWX Sharpe Ratio of 3.10. The chart below compares the historical Sharpe Ratios of HCOW and IWX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

HCOW vs. IWX - Drawdown Comparison

The maximum HCOW drawdown since its inception was -24.15%, smaller than the maximum IWX drawdown of -35.76%. Use the drawdown chart below to compare losses from any high point for HCOW and IWX.

Loading charts...

Drawdown Indicators

HCOWIWXDifference

Max Drawdown

Largest peak-to-trough decline

-24.15%

-35.76%

+11.61%

Max Drawdown (1Y)

Largest decline over 1 year

-6.29%

-6.59%

+0.30%

Max Drawdown (3Y)

Largest decline over 3 years

—

-13.37%

—

Max Drawdown (5Y)

Largest decline over 5 years

—

-18.13%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-35.76%

—

Current Drawdown

Current decline from peak

-0.92%

0.00%

-0.92%

Average Drawdown

Average peak-to-trough decline

-4.73%

-3.79%

-0.94%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.89%

1.50%

+0.39%

Volatility

HCOW vs. IWX - Volatility Comparison

Amplify Cash Flow High Income ETF (HCOW) has a higher volatility of 4.10% compared to iShares Russell Top 200 Value ETF (IWX) at 3.10%. This indicates that HCOW's price experiences larger fluctuations and is considered to be riskier than IWX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

HCOWIWXDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.10%

3.10%

+1.00%

Volatility (6M)

Calculated over the trailing 6-month period

9.13%

8.46%

+0.67%

Volatility (1Y)

Calculated over the trailing 1-year period

13.86%

10.81%

+3.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.39%

13.89%

+3.50%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.39%

16.48%

+0.91%

HCOW vs. IWX - Expense Ratio Comparison

HCOW has a 0.65% expense ratio, which is higher than IWX's 0.20% expense ratio.

Dividends

HCOW vs. IWX - Dividend Comparison

HCOW's dividend yield for the trailing twelve months is around 11.56%, more than IWX's 1.39% yield.

PositionTTM20252024202320222021202020192018201720162015
HCOW
Amplify Cash Flow High Income ETF		11.56%10.88%8.13%1.99%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
IWX
iShares Russell Top 200 Value ETF		1.39%1.59%1.97%2.13%2.07%1.79%2.12%2.60%2.66%2.12%2.22%2.77%

Frequently Asked Questions

HCOW and IWX have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

HCOW has higher volatility (4.10%) compared to IWX (3.10%). In terms of maximum drawdown, HCOW dropped -24.15% vs IWX's -35.76%.

On 1-year performance, IWX leads with 34.92% vs 23.43% for HCOW. On fees, IWX is cheaper at 0.20% per year. On volatility, IWX has been the lower-risk option at 3.10%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 1-year period, IWX has performed better with a 34.92% return vs 23.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

IWX is cheaper with a 0.20% expense ratio, compared with 0.65% for HCOW.

HCOW has the higher dividend yield at 11.56%, compared with 1.39% for IWX.

They also come from different issuers: Amplify and iShares. Their fees differ too: 0.65% for HCOW and 0.20% for IWX.

IWX currently has the higher Sharpe Ratio (3.10 vs 1.56), 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.

Portfolio Optimizer

Find the right allocation for HCOW and IWX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer