Amplify Cash Flow High Income ETF (HCOW) Performance
HCOW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +14.6% since Dec 31, 2025
- 1 year
- +17.9% total return
- 3 years
- +12.9% a year
- Since first price
- +11.2% a year since 2023
HCOW trailing returns vs SPY, QQQ, AGG
| Period | HCOW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +5.9% | +5.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +8.3% | +5.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +12.3% | +6.1% | +7.8% | +8.4% | −1.5% |
| YTD | +14.6% | +5.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.9% | +4.9% | +14.4% | +15.9% | −1.1% |
| 3 years | +43.8%+12.9%/yr | +6.8% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionSep 20, 2023 | +38.9%+11.2%/yr | +3.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: HCOW vs SPY
From Sep 20, 2023: HCOW grew to $13,886, SPY to $17,965.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
HCOW returns by calendar year
2 of 2 full years positive. Best 2024 (+7.6%), worst 2025 (+5.8%). 2026 is year to date.
HCOW annual returns table
| Year | HCOW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +14.6% | −9.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +5.8% | −21.3% | +17.7% | +20.8% | +7.2% |
| 2024 | +7.6% | −8.5% | +24.9% | +25.6% | +1.3% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
HCOW largest drawdowns
Now 1.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Nov 25, 2024 | −24.1% | Apr 8, 2025 | Dec 11, 2025 | 4 months | 1.0 years |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
HCOW risk statistics
| Statistic | 3 years |
|---|---|
| Annualized return | +8.5% |
| Volatility (annualized) | 15.2% |
| Sharpe ratio | 0.33 |
| Sortino ratio | 0.48 |
| Best month | +8.6% |
| Worst month | −8.6% |
| Best 12 months | +23.3% |
| Worst 12 months | −8.7% |
| Positive months | 58% |
| Beta vs S&P 500 | 0.77 |
| Correlation with S&P 500 | 0.63 |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
HCOW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 26 | −8.7% | +7.9% | +23.3% | 77% |
| 3-year (a year) | 2 | +8.5% | +10.8% | +13.2% | 100% |
Every holding period starting at a month-end since 2023. Returns for 3 years and longer are annualized.
HCOW performance overview
Amplify Cash Flow High Income ETF (HCOW) returned +17.9% over the past year, with distributions reinvested. Since its first recorded price in 2023 it has returned +11.2% a year, turning $10,000 into about $13,886. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −24.1%, from Nov 25, 2024 to Apr 8, 2025, and it took 8 months to get back to the old high. Volatility has been 15.2% a year.
Related: HCOW chart, HCOW holdings, HCOW dividends, HCOW valuation. See the HCOW overview for the latest quote and fund facts.
HCOW performance FAQ
What is the HCOW return over the past year?
HCOW returned +17.9% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 4.9%.
How much would $10,000 invested in HCOW be worth?
$10,000 invested in HCOW at its first recorded close on September 20, 2023 would be worth about $13,886 on October 23, 2026 with distributions reinvested.
What was the worst year for HCOW?
The worst calendar year was 2025, with a total return of +5.8%. The best was 2024 at +7.6%.
What is the biggest drawdown of HCOW?
The largest peak-to-trough decline was −24.1% between November 25, 2024 and April 8, 2025. It recovered to the old high on December 11, 2025, 8 months after the bottom.
How volatile is HCOW?
Over the past 3 years HCOW had an annualized volatility of 15.2% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).