HCOW vs. KWIN

Last updated Jul 14, 2026

HCOW (Amplify Cash Flow High Income ETF) and KWIN (KraneShares Wahed Alternative Income Index ETF) are both Large Cap Value Equities funds. HCOW is actively managed, while KWIN is passively managed. At a 0.09 correlation, their price movements are largely independent. HCOW charges 0.65%/yr vs 0.51%/yr for KWIN.

Performance

HCOW vs. KWIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Cash Flow High Income ETF (HCOW) and KraneShares Wahed Alternative Income Index ETF (KWIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HCOW achieves a 6.22% return, which is significantly higher than KWIN's 1.59% return.

HCOW

• 1D: 0.53%
• 1M: 0.75%
• 6M: 4.58%
• YTD: 6.22%
• 1Y: 14.88%
• 3Y*: —
• 5Y*: —
• 10Y*: —

KWIN

• 1D: 0.06%
• 1M: 0.13%
• 6M: 1.08%
• YTD: 1.59%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HCOW vs. KWIN - Yearly Performance Comparison

	2026 (YTD)	2025
HCOW Amplify Cash Flow High Income ETF	6.22%	4.92%
KWIN KraneShares Wahed Alternative Income Index ETF	1.59%	0.61%

Correlation

The correlation between HCOW and KWIN is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 5, 2025	0.09

Return for Risk

HCOW vs. KWIN — Risk / Return Rank

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

HCOW

HCOW Risk / Return Rank: 46
HCOW Sharpe Ratio Rank: 38
HCOW Sortino Ratio Rank: 39
HCOW Omega Ratio Rank: 37
HCOW Calmar Ratio Rank: 60
HCOW Martin Ratio Rank: 55

KWIN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. KWIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow High Income ETF (HCOW) and KraneShares Wahed Alternative Income Index ETF (KWIN). 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.

	HCOW	KWIN	Difference
Sharpe ratio: Return per unit of total volatility	1.10	—	—
Sortino ratio: Return per unit of downside risk	1.65	—	—
Omega ratio: Gain probability vs. loss probability	1.20	—	—
Calmar ratio: Return relative to maximum drawdown	2.38	—	—
Martin ratio: Return relative to average drawdown	7.57	—	—

Drawdowns

HCOW vs. KWIN - Drawdown Comparison

The maximum HCOW drawdown since its inception was -24.15%, which is greater than KWIN's maximum drawdown of -1.50%. Use the drawdown chart below to compare losses from any high point for HCOW and KWIN.

Drawdown Indicators

	HCOW	KWIN	Difference
Max Drawdown Largest peak-to-trough decline	-24.15%	-1.50%	-22.65%
Max Drawdown (1Y) Largest decline over 1 year	-6.29%	—	—
Current Drawdown Current decline from peak	0.00%	-1.44%	+1.44%
Average Drawdown Average peak-to-trough decline	-4.81%	-0.25%	-4.56%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.98%	—	—

Volatility

Volatility by Period

	HCOW	KWIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.97%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.66%	4.16%	+9.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.42%	4.16%	+13.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.42%	4.16%	+13.26%

HCOW vs. KWIN - Expense Ratio Comparison

HCOW has a 0.65% expense ratio, which is higher than KWIN's 0.51% expense ratio.

Dividends

HCOW vs. KWIN - Dividend Comparison

HCOW's dividend yield for the trailing twelve months is around 11.87%, while KWIN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
HCOW Amplify Cash Flow High Income ETF	11.87%	10.88%	8.13%	1.99%
KWIN KraneShares Wahed Alternative Income Index ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both HCOW and KWIN in my portfolio?

HCOW and KWIN have a correlation of 0.09, 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 KWIN?

On fees, KWIN is cheaper at 0.51% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HCOW or KWIN?

KWIN is cheaper with a 0.51% expense ratio, compared with 0.65% for HCOW.

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

HCOW has the higher dividend yield at 11.87%, compared with 0.00% for KWIN.

What is the main difference between HCOW and KWIN?

They also come from different issuers: Amplify and KraneShares. Their fees differ too: 0.65% for HCOW and 0.51% for KWIN.