AVMV vs. COWZ

Last updated Jun 23, 2026

AVMV (Avantis U.S. Mid Cap Value ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both Mid Cap Value Equities funds. AVMV is actively managed, while COWZ is passively managed. Over the past year, AVMV returned 27.02% vs 15.09% for COWZ. Their correlation of 0.86 suggests significant overlap in exposure. AVMV charges 0.20%/yr vs 0.49%/yr for COWZ.

Performance

AVMV vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Avantis U.S. Mid Cap Value ETF (AVMV) 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, AVMV achieves a 13.47% return, which is significantly higher than COWZ's 2.67% return.

AVMV

• 1D: 0.66%
• 1M: 2.08%
• YTD: 13.47%
• 6M: 11.57%
• 1Y: 27.02%
• 3Y*: —
• 5Y*: —
• 10Y*: —

COWZ

• 1D: -0.52%
• 1M: -4.28%
• YTD: 2.67%
• 6M: 1.89%
• 1Y: 15.09%
• 3Y*: 12.16%
• 5Y*: 9.90%
• 10Y*: —

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

AVMV vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
AVMV Avantis U.S. Mid Cap Value ETF	13.47%	10.46%	18.43%	14.13%
COWZ Pacer US Cash Cows 100 ETF	2.67%	8.98%	10.64%	8.23%

Correlation

The correlation between AVMV and COWZ is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Nov 9, 2023	0.86

The correlation between AVMV and COWZ has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

AVMV vs. COWZ - Sectors Allocation Comparison

Sectors	AVMV	COWZ
Financial Services	22.4%	-
Consumer Cyclical	18.5%	11.7%
Industrials	16.2%	8.4%
Energy	13.3%	16.9%
Technology	9.1%	16.0%
Consumer Defensive	7.3%	10.9%
Healthcare	6.5%	21.8%
Basic Materials	3.9%	3.7%
Communication Services	1.6%	10.4%
Real Estate	0.8%	-
Utilities	0.6%	-

Return for Risk

AVMV vs. COWZ — Risk / Return Rank

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

AVMV

AVMV Risk / Return Rank: 63
AVMV Sharpe Ratio Rank: 59
AVMV Sortino Ratio Rank: 62
AVMV Omega Ratio Rank: 56
AVMV Calmar Ratio Rank: 73
AVMV Martin Ratio Rank: 66

COWZ

COWZ Risk / Return Rank: 43
COWZ Sharpe Ratio Rank: 38
COWZ Sortino Ratio Rank: 39
COWZ Omega Ratio Rank: 36
COWZ Calmar Ratio Rank: 53
COWZ Martin Ratio Rank: 47

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.

AVMV vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis U.S. Mid Cap Value ETF (AVMV) 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.

	AVMV	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.33	+0.60
Sortino ratio: Return per unit of downside risk	2.80	1.97	+0.83
Omega ratio: Gain probability vs. loss probability	1.34	1.24	+0.10
Calmar ratio: Return relative to maximum drawdown	3.56	2.54	+1.01
Martin ratio: Return relative to average drawdown	11.67	7.69	+3.98

AVMV vs. COWZ - Sharpe Ratio Comparison

The current AVMV Sharpe Ratio is 1.93, which is higher than the COWZ Sharpe Ratio of 1.33. The chart below compares the historical Sharpe Ratios of AVMV 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.

Drawdowns

AVMV vs. COWZ - Drawdown Comparison

The maximum AVMV drawdown since its inception was -24.24%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for AVMV and COWZ.

Drawdown Indicators

	AVMV	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-24.24%	-38.63%	+14.39%
Max Drawdown (1Y) Largest decline over 1 year	-7.63%	-5.95%	-1.68%
Max Drawdown (3Y) Largest decline over 3 years	—	-22.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.00%	—
Current Drawdown Current decline from peak	-0.99%	-5.95%	+4.96%
Average Drawdown Average peak-to-trough decline	-3.83%	-4.80%	+0.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.32%	1.97%	+0.35%

Volatility

AVMV vs. COWZ - Volatility Comparison

The current volatility for Avantis U.S. Mid Cap Value ETF (AVMV) is 3.70%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 3.91%. This indicates that AVMV 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.

Volatility by Period

	AVMV	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.70%	3.91%	-0.21%
Volatility (6M) Calculated over the trailing 6-month period	9.69%	7.52%	+2.17%
Volatility (1Y) Calculated over the trailing 1-year period	14.08%	11.39%	+2.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.94%	17.64%	+0.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.94%	19.90%	-1.96%

AVMV vs. COWZ - Expense Ratio Comparison

AVMV has a 0.20% expense ratio, which is lower than COWZ's 0.49% expense ratio.

Dividends

AVMV vs. COWZ - Dividend Comparison

AVMV's dividend yield for the trailing twelve months is around 1.32%, less than COWZ's 2.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVMV Avantis U.S. Mid Cap Value ETF	1.32%	1.20%	1.30%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COWZ Pacer US Cash Cows 100 ETF	2.01%	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 AVMV and COWZ in my portfolio?

AVMV and COWZ have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AVMV or COWZ?

COWZ has higher volatility (3.91%) compared to AVMV (3.70%). In terms of maximum drawdown, AVMV dropped -24.24% vs COWZ's -38.63%.

Which ETF is better, AVMV or COWZ?

On 1-year performance, AVMV leads with 27.02% vs 15.09% for COWZ. On fees, AVMV is cheaper at 0.20% per year. On volatility, AVMV has been the lower-risk option at 3.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AVMV or COWZ?

Over the 1-year period, AVMV has performed better with a 27.02% return vs 15.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AVMV or COWZ?

AVMV is cheaper with a 0.20% expense ratio, compared with 0.49% for COWZ.

Which ETF pays a higher dividend yield, AVMV or COWZ?

COWZ has the higher dividend yield at 2.01%, compared with 1.32% for AVMV.

What is the main difference between AVMV and COWZ?

They also come from different issuers: Avantis and Pacer. Their fees differ too: 0.20% for AVMV and 0.49% for COWZ.

Which has better risk-adjusted returns?

AVMV currently has the higher Sharpe Ratio (1.93 vs 1.33), 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.