HCOWvsPAPIETF Comparison
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Amplify Cash Flow High Income ETF (HCOW) and Parametric Equity Premium Income ETF (PAPI) belong to the same industry segment: Options Strategies. HCOW'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. HCOW is more expensive with a Total Expense Ratio (TER) of 0.65%, versus 0.29% for PAPI. HCOW is up 13.05% year-to-date (YTD) with +$4M in YTD flows. PAPI performs worse with 12% YTD performance, and +$147M in YTD flows. Run a side-by-side ETF comparison of HCOW 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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HCOW vs PAPI performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 08/04/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HCOW PAPI | +7.13%+2.58% | +11.12%+6.60% | +13.05%+12.00% | +23.75%+18.72% | n/an/a | n/an/a |
| Flows | HCOW PAPI | -+$22M | +$748K+$54M | +$4M+$147M | +$4M+$179M | -- | -- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HCOW PAPI | +13.35%+9.53% | +13.73%+10.20% | n/an/a | n/an/a |
| Max drawdown | HCOW PAPI | -3.52%-2.00% | -6.31%-6.88% | n/an/a | n/an/a |
| Max drawdown duration | HCOW PAPI | 16d11d | 65d135d | n/an/a | n/an/a |
Trading data
HCOW | PAPI | |
Last sale 8/5/2026 at 2:22 PM | $25.52 | $27.44 |
| Previous close 08/04/2026 | $25.45 | $27.63 |
| Consolidated volume 08/04/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
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Main metrics
Last update 8/5/2026 at 2:22 PM
Live
Closed
HCOW | PAPI | |
|---|---|---|
| Last price | $25.52 | $27.44 |
| 1D performance | +0.27% | -0.69% |
| AuM | $17.55 M | $439.32 M |
| E/R | 0.65% | 0.29% |
Characteristics
HCOW | PAPI | |
|---|---|---|
| Management strategy | Active | Active |
| Provider | Amplify ETFs | Morgan Stanley |
| Benchmark | - | - |
| N° of holdings | 40 | 188 |
| Asset class | - | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | September 20, 2023 | October 19, 2023 |
| ESG | No | No |
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Exposure
Countries
HCOW
USA
96.49%
Other
3.51%
PAPI
USA
94.1%
Other
5.9%
Sectors
HCOW
Industrials
20.3%
Finance
14.39%
Technology
12.89%
Non-Energy Materi.
12.74%
Healthcare
11.36%
Energy
8.69%
Other
19.63%
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
HCOW
Total weight of top 15 holdings out of 15
47.58%
PAPI
Total weight of top 15 holdings out of 15
11.22%
Top 15 holdings
Data as of June 30, 2026
HCOW
Oshkosh Corp.
3.51%
Owens Corning
3.45%
Crown Holdings, Inc.
3.40%
Williams-Sonoma, Inc.
3.39%
Booking Holdings, Inc.
3.32%
Tetra Tech, Inc.
3.16%
Pentair plc
3.14%
Avery Dennison Corp.
3.12%
Allison Transmission Holdings, Inc.
3.09%
Hasbro, Inc.
3.05%
AECOM
3.04%
Constellation Brands, Inc.
3.02%
Cencora, Inc.
2.98%
Roper Technologies, Inc.
2.97%
EQT Corp.
2.94%
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 HCOW and PAPI
How have the HCOW and PAPI ETFs performed in 2026?
As of August 4, 2026, HCOW is up 13.05% year-to-date (YTD), while PAPI has returned 12%. That puts HCOW better performer ahead so far this year.
Which ETF is attracting more investor money: HCOW or PAPI?
Year-to-date, the HCOW ETF saw +$4M in flows, compared to +$147M for PAPI.
Which ETF is more volatile: HCOW or PAPI?
Over the past year, HCOW had a volatility of 13.73%, while PAPI experienced 10.2%.
Which ETF is bigger: HCOW or PAPI?
As of August 4, 2026, HCOW holds $17.55 M in assets under management (AUM), while PAPI manages $439.32 M.
What sectors do the HCOW and PAPI ETFs invest in?
HCOW 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 HCOW ETF and PAPI ETF?
HCOW 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: HCOW or PAPI?
HCOW holds 40 securities with 47.58% of its assets in the top 15. PAPI has 189 securities and a top 15 weight of 11.22%.
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