AAAAX vs. COWZ
AAAAX (DWS RREEF Real Assets Fund - Class A) and COWZ (Pacer US Cash Cows 100 ETF) are both funds - AAAAX is a Diversified Portfolio fund managed by DWS, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Over the past 5 years, AAAAX returned 5.00%/yr vs 11.04%/yr for COWZ. Their 0.68 correlation means they have sometimes moved together and sometimes differently. AAAAX charges 1.22%/yr vs 0.49%/yr for COWZ.
Performance
AAAAX vs. COWZ - Performance Comparison
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Returns By Period
In the year-to-date period, AAAAX achieves a 10.46% return, which is significantly lower than COWZ's 12.39% return.
AAAAX
- 1D
- -0.59%
- 1M
- 2.05%
- 6M
- 5.47%
- YTD
- 10.46%
- 1Y
- 17.17%
- 3Y*
- 10.09%
- 5Y*
- 5.00%
- 10Y*
- 6.83%
- ALL TIME*
- 4.51%
COWZ
- 1D
- 0.58%
- 1M
- 5.50%
- 6M
- 8.21%
- YTD
- 12.39%
- 1Y
- 24.54%
- 3Y*
- 11.99%
- 5Y*
- 11.04%
- 10Y*
- —
- ALL TIME*
- 13.03%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $0.00 | $0.00 | $0.00 | |
| $63.88M | $58.45M | $60.21M |
AAAAX vs. COWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 10.46% | 12.82% | 5.24% | 2.30% | -9.91% | 23.45% | 3.71% | 21.42% | -5.36% | 14.67% |
COWZ Pacer US Cash Cows 100 ETF | 12.39% | 8.98% | 10.64% | 14.73% | 0.19% | 42.57% | 11.65% | 23.41% | -10.05% | 20.22% |
Correlation
The correlation between AAAAX and COWZ is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.61 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2016 | 0.68 |
Over the past year, the correlation between AAAAX and COWZ has dropped to 0.46 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
AAAAX vs. COWZ — Risk / Return Rank
AAAAX
COWZ
AAAAX vs. COWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for DWS RREEF Real Assets Fund - Class A (AAAAX) 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.
| AAAAX | COWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.19 | ||
| Sortino ratioReturn per unit of downside risk | -0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.37 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 4.14 | -1.12 |
| Martin ratioReturn relative to average drawdown | 8.24 | 12.12 | -3.87 |
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Drawdowns
AAAAX vs. COWZ - Drawdown Comparison
The maximum AAAAX drawdown since its inception was -40.47%, roughly equal to the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for AAAAX and COWZ.
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Drawdown Indicators
| AAAAX | COWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.47% | -38.63% | -1.84% |
Max Drawdown (1Y)Largest decline over 1 year | -5.82% | -5.95% | +0.13% |
Max Drawdown (3Y)Largest decline over 3 years | -10.11% | -22.00% | +11.89% |
Max Drawdown (5Y)Largest decline over 5 years | -22.62% | -22.00% | -0.62% |
Max Drawdown (10Y)Largest decline over 10 years | -29.41% | — | — |
Current DrawdownCurrent decline from peak | -2.93% | -0.83% | -2.10% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -4.76% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 2.03% | +0.10% |
Volatility
AAAAX vs. COWZ - Volatility Comparison
The current volatility for DWS RREEF Real Assets Fund - Class A (AAAAX) is 2.25%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 4.86%. This indicates that AAAAX experiences smaller price fluctuations and is considered to be less risky 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
| AAAAX | COWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 4.86% | -2.61% |
Volatility (6M)Calculated over the trailing 6-month period | 7.48% | 8.75% | -1.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.32% | 11.84% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.05% | 17.69% | -5.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.68% | 19.86% | -7.18% |
AAAAX vs. COWZ - Expense Ratio Comparison
AAAAX has a 1.22% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Dividends
AAAAX vs. COWZ - Dividend Comparison
AAAAX's dividend yield for the trailing twelve months is around 5.99%, more than COWZ's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
AAAAX DWS RREEF Real Assets Fund - Class A | 5.99% | 3.54% | 2.45% | 2.08% | 4.17% | 2.31% | 1.33% | 1.81% | 1.61% | 1.52% | 1.47% | 2.15% |
COWZ Pacer US Cash Cows 100 ETF | 1.84% | 2.19% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% | 0.00% |
Frequently Asked Questions
AAAAX and COWZ have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COWZ has higher volatility (4.86%) compared to AAAAX (2.25%). In terms of maximum drawdown, AAAAX dropped -40.47% vs COWZ's -38.63%.
COWZ currently has the higher Sharpe Ratio (2.09 vs 1.90), 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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