COWSAmplify Cash Flow Dividend Leaders ETF
Seeks investment results that generally track the total return performance of the Kelly US Cash Flow Dividend Leaders Index.
By Amplify ETFs · Launched 2023
0.19%
#957 of 5,568 · low cost
$34M
#3,917 of 5,568 · small
1.60%
2 years
#3,148 of 5,568 · seasoned
Performance
Total-return NAV · USDTotal-return NAV, USD. Net of fund fees, before tax.
Classification
How Beacon categorizes this fundAsset class
AlternativeRegion
North americaStrategy
Option income
Index tracked
Kelly US Cash Flow Dividend Leaders Index
What it actually holds
By weightConcentration
Top 10 holdings = 24.7% of fund✓ well diversified
Asset allocation
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsYear-on-year price swings
Worst peak-to-trough loss
Needs 3+ years of history
Needs 3+ years of history
Where to buy
Listing
- Exchange
- NASDAQ Global Select Market
Full fund details
- Objective
- Seeks investment results that generally track the total return performance of the Kelly US Cash Flow Dividend Leaders Index.
- Strategy
- Invests primarily in dividend paying U.S. equity securities, holding at least 80% of net assets in securities that comprise the Index. The Index is based on a proprietary methodology developed and maintained by Kelly Indexes, LLC.
- Inception date
- September 12, 2023
- Fund family
- Amplify ETFs
Similar ETFs
Closest matches by profileOur take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Covered call ETF — yield ≠ total return
The high distribution yield is not free income — it comes from selling upside via call options. Research finds these strategies systematically underperform their underlying index over full cycles, typically by 100–300 basis points per year depending on the option-overlay design. The monthly distributions make the shortfall hard to see in return summaries.
Source: Israelov & Ndong, 'A Devil's Bargain: When Generating Income Undermines Investment Returns' (NDVR, 2023)
Why we flagged this: strategy=option_income + option_income_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
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Data updated on 2026-06-20