COWSvsPAPIETF Comparison
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Amplify Cash Flow Dividend Leaders ETF (COWS) belongs to the US High Dividend segment. Parametric Equity Premium Income ETF (PAPI) is part of the Options Strategies segment. COWS's top 3 sector exposures are Industrials, Finance and Technology. In contrast, PAPI's top sector exposures are Technology, Non-Energy Materials and Consumer Non-Cyclicals. COWS is more expensive with a Total Expense Ratio (TER) of 0.39%, versus 0.29% for PAPI. COWS is up 20% year-to-date (YTD) with +$11M in YTD flows. PAPI performs worse with 11.8% YTD performance, and +$149M in YTD flows. Run a side-by-side ETF comparison of COWS and PAPI below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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COWS vs PAPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/06/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | COWS PAPI | +7.92%+3.00% | +13.00%+6.41% | +20.00%+11.80% | +33.14%+18.27% | n/an/a | n/an/a |
| Flows | COWS PAPI | +$1M+$25M | +$4M+$56M | +$11M+$149M | +$11M+$179M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | COWS PAPI | +16.19%+9.34% | +16.08%+10.18% | n/an/a | n/an/a |
| Max drawdown | COWS PAPI | -4.14%-2.00% | -6.49%-6.88% | n/an/a | n/an/a |
| Max drawdown duration | COWS PAPI | 16d11d | 46d135d | n/an/a | n/an/a |
Trading data
COWS | PAPI | |
Last sale 8/7/2026 at 1:30 PM | $39.90 | $27.67 |
| Previous close 08/06/2026 | $39.57 | $27.62 |
| Consolidated volume 08/06/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of July 31, 2026
1-year trailing difference
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PAPI
is actively managed and doesn’t replicate an indexCOWS | PAPI | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 8/7/2026 at 1:30 PM
Live
Closed
COWS | PAPI | |
|---|---|---|
| Last price | $39.90 | $27.67 |
| 1D performance | +0.82% | +0.18% |
| AuM | $41.56 M | $441.28 M |
| E/R | 0.39% | 0.29% |
Characteristics
COWS | PAPI | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Amplify ETFs | Morgan Stanley |
| Benchmark | Kelly US Cash Flow Dividend Leaders Index | - |
| N° of holdings | 40 | 188 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 13, 2023 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
COWS
USA
94.75%
Other
5.25%
PAPI
USA
94.1%
Other
5.9%
Sectors
COWS
Industrials
19.92%
Finance
14.13%
Technology
12.66%
Non-Energy Materi.
12.5%
Healthcare
11.16%
Energy
8.54%
Other
21.09%
PAPI
Technology
11.85%
Non-Energy Materi.
11.32%
Consumer Non-Cycl.
10.82%
Healthcare
10.66%
Finance
10.34%
Utilities
9.93%
Other
35.08%
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Diversification
COWS
Total weight of top 15 holdings out of 15
46.71%
PAPI
Total weight of top 15 holdings out of 15
11.22%
Top 15 holdings
Data as of June 30, 2026
COWS
Oshkosh Corp.
3.44%
Owens Corning
3.39%
Crown Holdings, Inc.
3.34%
Williams-Sonoma, Inc.
3.33%
Booking Holdings, Inc.
3.26%
Tetra Tech, Inc.
3.11%
Pentair plc
3.08%
Avery Dennison Corp.
3.06%
Allison Transmission Holdings, Inc.
3.03%
Hasbro, Inc.
2.99%
AECOM
2.98%
Constellation Brands, Inc.
2.96%
Cencora, Inc.
2.93%
Roper Technologies, Inc.
2.92%
EQT Corp.
2.89%
PAPI
Morgan Stanley Instl. Liquidity Funds - Government Portfolio
1.06%
Corning, Inc.
1.01%
TD SYNNEX Corp.
0.80%
Cisco Systems, Inc.
0.76%
Power Integrations, Inc.
0.73%
Royalty Pharma Plc
0.72%
Millicom International Cellular SA
0.72%
Texas Instruments Incorporated
0.71%
Avnet, Inc.
0.71%
Cummins, Inc.
0.70%
Reynolds Consumer Products, Inc.
0.68%
Target Corp.
0.67%
MSC Industrial Direct Co., Inc.
0.66%
Valero Energy Corp.
0.65%
Best Buy Co., Inc.
0.64%
Frequently asked questions about COWS and PAPI
How have the COWS and PAPI ETFs performed in 2026?
As of August 6, 2026, COWS is up 20% year-to-date (YTD), while PAPI has returned 11.8%. That puts COWS better performer ahead so far this year.
Which ETF is attracting more investor money: COWS or PAPI?
Year-to-date, the COWS ETF saw +$11M in flows, compared to +$149M for PAPI.
Which ETF is more volatile: COWS or PAPI?
Over the past year, COWS had a volatility of 16.08%, while PAPI experienced 10.18%.
Which ETF is bigger: COWS or PAPI?
As of August 6, 2026, COWS holds $41.56 M in assets under management (AUM), while PAPI manages $441.28 M.
What sectors do the COWS and PAPI ETFs invest in?
COWS leans toward sectors like Industrials, Finance and Technology. Meanwhile, PAPI focuses on Technology, Non-Energy Materials and Consumer Non-Cyclicals.
What are the top holdings of the COWS ETF and PAPI ETF?
COWS top holdings include Oshkosh Corp., Owens Corning and Crown Holdings, Inc.. PAPI holds in its top three: Morgan Stanley Instl. Liquidity Funds - Government Portfolio, Corning, Inc. and TD SYNNEX Corp..
Which ETF is more diversified: COWS or PAPI?
COWS holds 40 securities with 46.71% of its assets in the top 15. PAPI has 189 securities and a top 15 weight of 11.22%.
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