^UTY vs. COWZ
^UTY (PHLX Utility Sector Index) is an index, while COWZ (Pacer US Cash Cows 100 ETF) is Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Over the past 5 years, ^UTY returned 6.60%/yr vs 9.90%/yr for COWZ. At a 0.29 correlation, their price movements are largely independent.
Performance
^UTY vs. COWZ - Performance Comparison
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Returns By Period
In the year-to-date period, ^UTY achieves a 6.10% return, which is significantly higher than COWZ's 3.27% return.
^UTY
- 1D
- 0.97%
- 1M
- -0.53%
- YTD
- 6.10%
- 6M
- 6.28%
- 1Y
- 11.86%
- 3Y*
- 10.50%
- 5Y*
- 6.60%
- 10Y*
- 5.93%
COWZ
- 1D
- 0.59%
- 1M
- -3.72%
- YTD
- 3.27%
- 6M
- 2.69%
- 1Y
- 15.76%
- 3Y*
- 12.38%
- 5Y*
- 9.90%
- 10Y*
- —
^UTY vs. COWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
^UTY PHLX Utility Sector Index | 6.10% | 13.45% | 16.89% | -12.33% | -2.35% | 14.64% | -0.62% | 22.62% | -0.16% | 8.96% |
COWZ Pacer US Cash Cows 100 ETF | 3.27% | 8.98% | 10.64% | 14.73% | 0.19% | 42.57% | 11.65% | 23.41% | -10.05% | 20.22% |
Correlation
The correlation between ^UTY and COWZ is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.15 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.30 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.34 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2016 | 0.29 |
The correlation between ^UTY and COWZ shifts across timeframes, from 0.15 (1 year) to 0.34 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
^UTY vs. COWZ — Risk / Return Rank
^UTY
COWZ
^UTY vs. COWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for PHLX Utility Sector Index (^UTY) and Pacer US Cash Cows 100 ETF (COWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ^UTY | COWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.25 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 2.66 | -1.37 |
| Martin ratioReturn relative to average drawdown | 2.72 | 7.92 | -5.20 |
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Drawdowns
^UTY vs. COWZ - Drawdown Comparison
The maximum ^UTY drawdown since its inception was -48.16%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for ^UTY and COWZ.
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Drawdown Indicators
| ^UTY | COWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.16% | -38.63% | -9.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.28% | -5.95% | -3.33% |
Max Drawdown (3Y)Largest decline over 3 years | -18.50% | -22.00% | +3.50% |
Max Drawdown (5Y)Largest decline over 5 years | -29.12% | -22.00% | -7.12% |
Max Drawdown (10Y)Largest decline over 10 years | -36.10% | — | — |
Current DrawdownCurrent decline from peak | -4.69% | -5.40% | +0.71% |
Average DrawdownAverage peak-to-trough decline | -12.45% | -4.80% | -7.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.37% | 2.00% | +2.37% |
Volatility
^UTY vs. COWZ - Volatility Comparison
PHLX Utility Sector Index (^UTY) has a higher volatility of 5.49% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.97%. This indicates that ^UTY's price experiences larger fluctuations and is considered to be riskier than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ^UTY | COWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.49% | 3.97% | +1.52% |
Volatility (6M)Calculated over the trailing 6-month period | 11.68% | 7.53% | +4.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.59% | 11.38% | +3.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.49% | 17.64% | -0.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.55% | 19.90% | -0.35% |
Frequently Asked Questions
^UTY and COWZ have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
^UTY has higher volatility (5.49%) compared to COWZ (3.97%). In terms of maximum drawdown, ^UTY dropped -48.16% vs COWZ's -38.63%.
COWZ currently has the higher Sharpe Ratio (1.39 vs 0.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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