AVDVX vs. COWZ

Last updated Jun 5, 2026

AVDVX (Avantis International Small Cap Value Fund) and COWZ (Pacer US Cash Cows 100 ETF) are both funds - AVDVX is a Foreign Small & Mid Cap Equities fund managed by Avantis Investors, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Over the past 5 years, AVDVX returned 13.78%/yr vs 10.60%/yr for COWZ. A 0.70 correlation means they provide meaningful diversification when combined. AVDVX charges 0.36%/yr vs 0.49%/yr for COWZ.

Performance

AVDVX vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis International Small Cap Value Fund (AVDVX) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVDVX achieves a 16.44% return, which is significantly higher than COWZ's 8.30% return.

AVDVX

• 1D: -0.63%
• 1M: 2.47%
• YTD: 16.44%
• 6M: 19.96%
• 1Y: 43.51%
• 3Y*: 27.87%
• 5Y*: 13.78%
• 10Y*: —

COWZ

• 1D: 0.11%
• 1M: 2.05%
• YTD: 8.30%
• 6M: 8.95%
• 1Y: 22.75%
• 3Y*: 14.62%
• 5Y*: 10.60%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVDVX vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
AVDVX Avantis International Small Cap Value Fund	16.44%	48.24%	8.41%	16.75%	-10.88%	15.46%	5.65%	5.61%
COWZ Pacer US Cash Cows 100 ETF	8.30%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	2.33%

Correlation

The correlation between AVDVX and COWZ is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.57
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Dec 5, 2019	0.70

Over the past year, the correlation between AVDVX and COWZ has dropped to 0.49 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

AVDVX vs. COWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVDVX

AVDVX Risk / Return Rank: 79
AVDVX Sharpe Ratio Rank: 88
AVDVX Sortino Ratio Rank: 80
AVDVX Omega Ratio Rank: 79
AVDVX Calmar Ratio Rank: 77
AVDVX Martin Ratio Rank: 72

COWZ

COWZ Risk / Return Rank: 69
COWZ Sharpe Ratio Rank: 63
COWZ Sortino Ratio Rank: 67
COWZ Omega Ratio Rank: 61
COWZ Calmar Ratio Rank: 85
COWZ Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVDVX vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis International Small Cap Value Fund (AVDVX) 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.

	AVDVX	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.06	+0.86
Sortino ratio: Return per unit of downside risk	3.88	3.05	+0.83
Omega ratio: Gain probability vs. loss probability	1.52	1.37	+0.16
Calmar ratio: Return relative to maximum drawdown	3.44	4.57	-1.13
Martin ratio: Return relative to average drawdown	13.66	12.47	+1.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVDVX vs. COWZ - Sharpe Ratio Comparison

The current AVDVX Sharpe Ratio is 2.92, which is higher than the COWZ Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of AVDVX and COWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVDVX	COWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	2.06	+0.86
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.83	0.60	+0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.79	0.65	+0.14

Drawdowns

AVDVX vs. COWZ - Drawdown Comparison

The maximum AVDVX drawdown since its inception was -43.06%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for AVDVX and COWZ.

Drawdown Indicators

	AVDVX	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-43.06%	-38.63%	-4.43%
Max Drawdown (1Y) Largest decline over 1 year	-12.92%	-5.00%	-7.92%
Max Drawdown (3Y) Largest decline over 3 years	-13.84%	-22.00%	+8.16%
Max Drawdown (5Y) Largest decline over 5 years	-27.37%	-22.00%	-5.37%
Current Drawdown Current decline from peak	-1.40%	-0.80%	-0.60%
Average Drawdown Average peak-to-trough decline	-6.71%	-4.80%	-1.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.24%	1.83%	+1.41%

Volatility

AVDVX vs. COWZ - Volatility Comparison

Avantis International Small Cap Value Fund (AVDVX) has a higher volatility of 4.54% compared to Pacer US Cash Cows 100 ETF (COWZ) at 2.50%. This indicates that AVDVX'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.

Volatility by Period

	AVDVX	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.54%	2.50%	+2.04%
Volatility (6M) Calculated over the trailing 6-month period	12.48%	7.12%	+5.36%
Volatility (1Y) Calculated over the trailing 1-year period	15.23%	11.08%	+4.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.73%	17.63%	-0.90%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.41%	19.92%	-0.51%

AVDVX vs. COWZ - Expense Ratio Comparison

AVDVX has a 0.36% expense ratio, which is lower than COWZ's 0.49% expense ratio.

Dividends

AVDVX vs. COWZ - Dividend Comparison

AVDVX's dividend yield for the trailing twelve months is around 9.00%, more than COWZ's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVDVX Avantis International Small Cap Value Fund	9.00%	10.48%	4.35%	3.52%	3.33%	4.23%	1.35%	0.39%	0.00%	0.00%	0.00%
COWZ Pacer US Cash Cows 100 ETF	2.16%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%

Frequently Asked Questions

Can I hold both AVDVX and COWZ in my portfolio?

AVDVX and COWZ have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVDVX or COWZ?

AVDVX has higher volatility (4.54%) compared to COWZ (2.50%). In terms of maximum drawdown, AVDVX dropped -43.06% vs COWZ's -38.63%.

Which has better risk-adjusted returns?

AVDVX currently has the higher Sharpe Ratio (2.92 vs 2.06), 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.