HCOW vs. SPYI
Compare and contrast key facts about Amplify Cash Flow High Income ETF (HCOW) and NEOS S&P 500 High Income ETF (SPYI).
HCOW and SPYI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HCOW is an actively managed fund by Amplify. It was launched on Sep 19, 2023. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HCOW or SPYI.
Correlation
The correlation between HCOW and SPYI is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HCOW vs. SPYI - Performance Comparison
Key characteristics
HCOW:
0.72
SPYI:
1.94
HCOW:
1.10
SPYI:
2.57
HCOW:
1.13
SPYI:
1.40
HCOW:
1.27
SPYI:
2.92
HCOW:
2.51
SPYI:
13.38
HCOW:
4.29%
SPYI:
1.44%
HCOW:
14.88%
SPYI:
9.96%
HCOW:
-8.49%
SPYI:
-10.19%
HCOW:
-6.56%
SPYI:
0.00%
Returns By Period
In the year-to-date period, HCOW achieves a 0.23% return, which is significantly lower than SPYI's 3.77% return.
HCOW
0.23%
-1.44%
3.11%
7.78%
N/A
N/A
SPYI
3.77%
2.60%
9.48%
18.50%
N/A
N/A
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HCOW vs. SPYI - Expense Ratio Comparison
HCOW has a 0.65% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
HCOW vs. SPYI — Risk-Adjusted Performance Rank
HCOW
SPYI
HCOW vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Amplify Cash Flow High Income ETF (HCOW) and NEOS S&P 500 High Income ETF (SPYI). 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.
Dividends
HCOW vs. SPYI - Dividend Comparison
HCOW's dividend yield for the trailing twelve months is around 8.18%, less than SPYI's 11.77% yield.
| TTM | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
HCOW Amplify Cash Flow High Income ETF | 8.18% | 8.13% | 1.99% | 0.00% |
SPYI NEOS S&P 500 High Income ETF | 11.77% | 12.04% | 12.01% | 4.10% |
Drawdowns
HCOW vs. SPYI - Drawdown Comparison
The maximum HCOW drawdown since its inception was -8.49%, smaller than the maximum SPYI drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for HCOW and SPYI. For additional features, visit the drawdowns tool.
Volatility
HCOW vs. SPYI - Volatility Comparison
Amplify Cash Flow High Income ETF (HCOW) has a higher volatility of 3.02% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.10%. This indicates that HCOW's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.