HCOW Amplify COWS Covered Call ETF
Covered call on COWS, paying monthly
Over the year to Sep 18, 2026, HCOW paid 11.7% in cash and still finished 6.3 points behind COWS.
Key facts
ETFIQ Return Stability Score
68.0joint 12th of 64
HCOW paid 11.7% in cash. Its price fell 0.3%, so 3% of what you were paid came back out of your own capital.
Was the payout funded by returns, or by your own capital?
46.1% of the 64 sit at or below HCOW on this measure.
89.8% of the 64 sit at or below HCOW on this measure.
Weighted evenly, those two positions are what the score combines, across the 64 income ETFs writing on a single company. Neither spread above is the score: a fund can sit further right on one and score lower. A position in this set, not a rating: it moves when the set moves, and it is not a figure to average against another desk's.
| What it measures | This fund | Its percentile | Weight |
|---|---|---|---|
| against its benchmark | −6.3 pts | 46.1 | 50% |
| what happened to the principal | −0.3% | 89.8 | 50% |
What a holder got
Over the year to Sep 18, 2026, HCOW returned +12.2% with distributions reinvested and (COWS) returned +18.4%, so a holder came out behind it by 6.3 points. The lighter segment is the 11.7% that arrived as cash rather than as price.
Its ten largest equity positions
| Holding | Ticker | Weight | |
|---|---|---|---|
| Amplify Cash Flow Dividend Leaders ETF | COWS | 4.89% | |
| Hewlett Packard Enterprise Co | HPE | 3.48% | |
| QUALCOMM Inc | QCOM | 3.40% | |
| Tetra Tech Inc | TTEK | 3.39% | |
| TE Connectivity PLC | TEL | 3.38% | |
| ExxonMobil Holdings Corp | XOM | 3.36% | |
| Avery Dennison Corp | AVY | 3.33% | |
| Hasbro Inc | HAS | 3.32% | |
| FedEx Corp | FDX | 3.31% | |
| Chevron Corp | CVX | 3.30% |
Period by period
| Window | Cash paid | Price | Total return | COWS | Ahead or behind |
|---|---|---|---|---|---|
| 3 months | 3.0% | +1.4% | +4.4% | +4.5% | −0.1 pts |
| 6 months | 6.2% | +6.2% | +12.6% | +15.9% | −3.3 pts |
| 1 year | 11.7% | −0.3% | +12.2% | +18.4% | −6.3 pts |
| Since launch | 28.9% | −1.2% | +32.0% | +61.4% | −29.4 pts |
When HCOW pays
HCOW pays monthly. The last distribution was $0.2183 a share, which went ex on Aug 28, 2026 and was paid on Aug 31, 2026. The next has not been declared. On its own cadence of about 30 days the ex-date falls near Sep 28, 2026; that date is an ETFIQ projection, not the issuer’s.
| Ex-date | Pay date | Amount | Basis |
|---|---|---|---|
| Sep 28, 2026 | Sep 29, 2026 | $0.2183 | ETFIQ projection |
| Oct 28, 2026 | Oct 29, 2026 | $0.2183 | ETFIQ projection |
Every distribution ETFIQ holds for HCOW (13, most recent first)
| Ex-date | Amount |
|---|---|
| Aug 28, 2026 | $0.2183 |
| Jul 30, 2026 | $0.2546 |
| Jun 29, 2026 | $0.2409 |
| May 28, 2026 | $0.2407 |
| Apr 29, 2026 | $0.2392 |
| Mar 30, 2026 | $0.233 |
| Feb 26, 2026 | $0.2229 |
| Jan 29, 2026 | $0.2444 |
| Dec 30, 2025 | $0.246 |
| Nov 26, 2025 | $0.238 |
| Oct 30, 2025 | $0.2427 |
| Sep 29, 2025 | $0.2416 |
| Aug 28, 2025 | $0.2435 |
Every income ETF going ex-dividend in the next fortnight
In plain words
Since it launched on Sep 20, 2023, HCOW has returned +32.0% with distributions reinvested, against +61.4% for (COWS), and has paid out 28.9% of its starting value in cash along the way. It pays monthly, and at its current price the latest distribution annualizes to 10.7%. No Rule 19a-1 notice has been published for this fund, so there is no issuer estimate of how much of its distributions was a return of capital.
| Strategy | covered call |
|---|---|
| Benchmark | (COWS) |
| Pays | monthly |
| Net assets (issuer page, as of Sep 18, 2026) | $20m |
| Latest payout, annualized (ETFIQ) | 10.7% |
| Expense ratio (485BPOS XBRL, Jan 28, 2026) | 0.65% |
| Cash paid, last 12 months, over today’s price (ETFIQ) | 11.7% |
| Launched | Sep 20, 2023 |
| Pays | monthly |
| Typical gap between ex-dates | 30 days |
| Typical wait from ex-date to payment | 1 day |
| Last paid, per share | $0.2183 ex Aug 28, 2026 |
| Sum of the last 12 distributions | $2.8624 |
Every figure is an ETFIQ calculation from exchange prices and cash distributions (Tiingo end-of-day), total return with distributions reinvested. Return of capital is the issuer’s estimate. How these figures are computed
Questions people ask
- How much has HCOW paid over the last year?
- Over the year to Sep 18, 2026, HCOW paid 11.7% of its starting price in cash distributions, while the price fell 0.3%.
- Is HCOW ahead of COWS?
- Over the year to Sep 18, 2026, with every distribution reinvested, HCOW returned +12.2% against +18.4% for (COWS), so a holder was behind it by 6.3 points.
- How often does HCOW pay, and how much?
- HCOW pays monthly. The latest distribution annualizes to 10.7% at its price on Sep 18, 2026, which is not a promise; the next one can differ.
- When does HCOW next pay a distribution?
- HCOW pays monthly. The last distribution went ex on Aug 28, 2026 at $0.2183 a share. The next is not declared; on a cadence of about 30 days the ex-date falls near Sep 28, 2026, which is an ETFIQ projection. Payment usually follows the ex-date by 1 day.
- What does HCOW cost?
- The prospectus expense ratio is 0.65% a year.
The words on this page
- Total return
- What a holder actually ended up with: price change plus every distribution, reinvested. The only figure that answers whether you came out ahead.
- Cash paid
- Distributions over the window as a share of what the fund cost at the start. A measure of cash delivered, not of return: a fund can pay a great deal and still lose money.
- Ahead or behind
- The fund’s total return minus the benchmark’s over exactly the same days, in percentage points. Both sides reinvest.
- Return of capital
- The issuer’s own estimate, in a Rule 19a-1 notice, of how much of a distribution was your own money returned. An estimate and a tax characterization, not a measure of erosion.
- Covered call
- Selling call options on shares the fund holds. It collects a premium and gives up the gains above the strike, which is why these funds pay well and lag a rising market.
Every term used here, defined in full on the income ETFs vocabulary page.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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Where HCOW is written about
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Cite this page. ETFIQ, HCOW, income ETFs, data as of Sep 18, 2026. https://etfiq.com/funds/hcow Free to use with attribution; the underlying files are at Open data.