YYY vs. COWS

Last updated Apr 1, 2026

Compare and contrast key facts about Amplify CEF High Income ETF (YYY) and Amplify Cash Flow Dividend Leaders ETF (COWS).

YYY and COWS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. YYY is a passively managed fund by Amplify that tracks the performance of the Nasdaq CEF High Income™ Index. It was launched on Jun 12, 2012. COWS is a passively managed fund by Amplify that tracks the performance of the Kelly US Cash Flow Dividend Leaders Index. It was launched on Sep 12, 2023. Both YYY and COWS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

YYY vs. COWS - Performance Comparison

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

YYY vs. COWS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
YYY Amplify CEF High Income ETF	-1.10%	13.08%	11.86%	5.76%
COWS Amplify Cash Flow Dividend Leaders ETF	-0.53%	15.29%	11.08%	9.28%

Returns By Period

In the year-to-date period, YYY achieves a -1.10% return, which is significantly lower than COWS's -0.53% return.

YYY

• 1D: 3.08%
• 1M: -4.67%
• YTD: -1.10%
• 6M: -0.59%
• 1Y: 9.50%
• 3Y*: 11.08%
• 5Y*: 3.17%
• 10Y*: 5.58%

COWS

• 1D: 1.78%
• 1M: -4.77%
• YTD: -0.53%
• 6M: 4.15%
• 1Y: 19.34%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

YYY vs. COWS - Expense Ratio Comparison

YYY has a 3.23% expense ratio, which is higher than COWS's 0.00% expense ratio.

YYY

Amplify CEF High Income ETF

COWS

Amplify Cash Flow Dividend Leaders ETF

Return for Risk

YYY vs. COWS — Risk / Return Rank

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

YYY

YYY Risk / Return Rank: 42
YYY Sharpe Ratio Rank: 42
YYY Sortino Ratio Rank: 37
YYY Omega Ratio Rank: 48
YYY Calmar Ratio Rank: 37
YYY Martin Ratio Rank: 46

COWS

COWS Risk / Return Rank: 51
COWS Sharpe Ratio Rank: 48
COWS Sortino Ratio Rank: 50
COWS Omega Ratio Rank: 52
COWS Calmar Ratio Rank: 49
COWS Martin Ratio Rank: 55

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.

YYY vs. COWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify CEF High Income ETF (YYY) 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.

	YYY	COWS	Difference
Sharpe ratio Return per unit of total volatility	0.73	0.85	-0.12
Sortino ratio Return per unit of downside risk	1.01	1.32	-0.31
Omega ratio Gain probability vs. loss probability	1.18	1.19	-0.01
Calmar ratio Return relative to maximum drawdown	0.88	1.20	-0.32
Martin ratio Return relative to average drawdown	4.11	5.25	-1.14
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

YYY vs. COWS - Sharpe Ratio Comparison

The current YYY Sharpe Ratio is 0.73, which is comparable to the COWS Sharpe Ratio of 0.85. The chart below compares the historical Sharpe Ratios of YYY and COWS, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	YYY	COWS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.73	0.85	-0.12
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.28	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.40	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.40	0.73	-0.33

Correlation

The correlation between YYY and COWS is 0.60, 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.

Dividends

YYY vs. COWS - Dividend Comparison

YYY's dividend yield for the trailing twelve months is around 13.06%, more than COWS's 1.77% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
YYY Amplify CEF High Income ETF	13.06%	12.51%	12.50%	12.39%	12.36%	9.08%	9.79%	9.10%	9.73%	8.16%	10.34%	10.77%
COWS Amplify Cash Flow Dividend Leaders ETF	1.77%	2.04%	2.08%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

YYY vs. COWS - Drawdown Comparison

The maximum YYY drawdown since its inception was -42.52%, which is greater than COWS's maximum drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for YYY and COWS.

Drawdown Indicators

	YYY	COWS	Difference
Max Drawdown Largest peak-to-trough decline	-42.52%	-24.76%	-17.76%
Max Drawdown (1Y) Largest decline over 1 year	-10.70%	-16.70%	+6.00%
Max Drawdown (5Y) Largest decline over 5 years	-27.92%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-42.52%	—	—
Current Drawdown Current decline from peak	-5.24%	-4.77%	-0.47%
Average Drawdown Average peak-to-trough decline	-6.91%	-4.12%	-2.79%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.31%	3.82%	-1.51%

Volatility

YYY vs. COWS - Volatility Comparison

Amplify CEF High Income ETF (YYY) has a higher volatility of 5.29% compared to Amplify Cash Flow Dividend Leaders ETF (COWS) at 4.20%. This indicates that YYY's price experiences larger fluctuations and is considered to be riskier than COWS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	YYY	COWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.29%	4.20%	+1.09%
Volatility (6M) Calculated over the trailing 6-month period	7.17%	11.40%	-4.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.10%	22.88%	-9.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.33%	19.10%	-7.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.89%	19.10%	-5.21%