BUL vs. PWC
Compare and contrast key facts about Pacer US Cash Cows Growth ETF (BUL) and Invesco Dynamic Market ETF (PWC).
BUL and PWC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BUL is a passively managed fund by Pacer that tracks the performance of the Pacer US Cash Cows Growth Index. It was launched on May 2, 2019. PWC is a passively managed fund by Invesco that tracks the performance of the Dynamic Market Intellidex Index. It was launched on May 1, 2003. Both BUL and PWC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
BUL vs. PWC - Performance Comparison
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BUL vs. PWC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
BUL Pacer US Cash Cows Growth ETF | -1.87% | 19.18% | 27.39% | 3.68% | -16.18% | 32.48% | 27.26% | 4.81% |
PWC Invesco Dynamic Market ETF | 2.60% | 6.15% | 17.46% | 19.03% | -16.01% | 19.38% | 8.52% | 1.19% |
Returns By Period
In the year-to-date period, BUL achieves a -1.87% return, which is significantly lower than PWC's 2.60% return.
BUL
- 1D
- 3.13%
- 1M
- -5.67%
- YTD
- -1.87%
- 6M
- 3.47%
- 1Y
- 23.34%
- 3Y*
- 16.86%
- 5Y*
- 9.04%
- 10Y*
- —
PWC
- 1D
- 1.17%
- 1M
- -5.11%
- YTD
- 2.60%
- 6M
- 2.73%
- 1Y
- 6.46%
- 3Y*
- 12.67%
- 5Y*
- 6.65%
- 10Y*
- 9.15%
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BUL vs. PWC - Expense Ratio Comparison
Both BUL and PWC have an expense ratio of 0.60%.
Return for Risk
BUL vs. PWC — Risk / Return Rank
BUL
PWC
BUL vs. PWC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows Growth ETF (BUL) and Invesco Dynamic Market ETF (PWC). 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.
| BUL | PWC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.01 | 0.46 | +0.56 |
Sortino ratioReturn per unit of downside risk | 1.61 | 0.74 | +0.87 |
Omega ratioGain probability vs. loss probability | 1.22 | 1.10 | +0.12 |
Calmar ratioReturn relative to maximum drawdown | 1.79 | 0.70 | +1.09 |
Martin ratioReturn relative to average drawdown | 7.91 | 3.23 | +4.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| BUL | PWC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.01 | 0.46 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.41 | +0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.49 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.11 | +0.42 |
Correlation
The correlation between BUL and PWC is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
BUL vs. PWC - Dividend Comparison
BUL's dividend yield for the trailing twelve months is around 0.25%, less than PWC's 1.73% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BUL Pacer US Cash Cows Growth ETF | 0.25% | 0.28% | 0.30% | 2.11% | 0.67% | 0.08% | 0.69% | 0.81% | 0.00% | 0.00% | 0.00% | 0.00% |
PWC Invesco Dynamic Market ETF | 1.73% | 1.77% | 1.58% | 1.67% | 1.51% | 0.56% | 1.09% | 0.95% | 1.44% | 1.75% | 1.35% | 1.02% |
Drawdowns
BUL vs. PWC - Drawdown Comparison
The maximum BUL drawdown since its inception was -37.08%, smaller than the maximum PWC drawdown of -78.13%. Use the drawdown chart below to compare losses from any high point for BUL and PWC.
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Drawdown Indicators
| BUL | PWC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.08% | -78.13% | +41.05% |
Max Drawdown (1Y)Largest decline over 1 year | -13.57% | -11.26% | -2.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.85% | -26.58% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.45% | — |
Current DrawdownCurrent decline from peak | -6.08% | -5.36% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -7.79% | -36.46% | +28.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 2.45% | +0.62% |
Volatility
BUL vs. PWC - Volatility Comparison
Pacer US Cash Cows Growth ETF (BUL) has a higher volatility of 6.00% compared to Invesco Dynamic Market ETF (PWC) at 3.07%. This indicates that BUL's price experiences larger fluctuations and is considered to be riskier than PWC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUL | PWC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.00% | 3.07% | +2.93% |
Volatility (6M)Calculated over the trailing 6-month period | 12.18% | 7.37% | +4.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.18% | 14.30% | +8.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.78% | 16.29% | +5.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.40% | 18.84% | +5.56% |