CCRP vs. MILK

Last updated Jun 4, 2026

CCRP (Columbia Corporate Bond ETF) and MILK (Pacer US Cash Cows Bond ETF) are both Corporate Bonds funds. CCRP is actively managed, while MILK is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. CCRP charges 0.18%/yr vs 0.49%/yr for MILK.

Performance

CCRP vs. MILK - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Columbia Corporate Bond ETF (CCRP) and Pacer US Cash Cows Bond ETF (MILK). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CCRP achieves a 0.48% return, which is significantly lower than MILK's 2.18% return.

CCRP

• 1D: -0.24%
• 1M: 0.67%
• YTD: 0.48%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

MILK

• 1D: -0.24%
• 1M: 1.10%
• YTD: 2.18%
• 6M: 1.55%
• 1Y: 9.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

CCRP vs. MILK - Yearly Performance Comparison

	2026 (YTD)	2025
CCRP Columbia Corporate Bond ETF	0.48%	-0.12%
MILK Pacer US Cash Cows Bond ETF	2.18%	-0.23%

Correlation

The correlation between CCRP and MILK is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 12, 2025	0.89

Return for Risk

CCRP vs. MILK — Risk / Return Rank

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

MILK

MILK Risk / Return Rank: 52
MILK Sharpe Ratio Rank: 53
MILK Sortino Ratio Rank: 55
MILK Omega Ratio Rank: 51
MILK Calmar Ratio Rank: 50
MILK Martin Ratio Rank: 53

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.

CCRP vs. MILK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Columbia Corporate Bond ETF (CCRP) and Pacer US Cash Cows Bond ETF (MILK). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	CCRP	MILK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.97	-0.81

Drawdowns

CCRP vs. MILK - Drawdown Comparison

The maximum CCRP drawdown since its inception was -2.72%, smaller than the maximum MILK drawdown of -6.16%. Use the drawdown chart below to compare losses from any high point for CCRP and MILK.

Drawdown Indicators

	CCRP	MILK	Difference
Max Drawdown Largest peak-to-trough decline	-2.72%	-6.16%	+3.44%
Max Drawdown (1Y) Largest decline over 1 year	—	-3.75%	—
Current Drawdown Current decline from peak	-1.07%	-0.24%	-0.83%
Average Drawdown Average peak-to-trough decline	-0.83%	-1.09%	+0.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.04%	—

Volatility

Volatility by Period

	CCRP	MILK	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	1.58%	—
Volatility (6M) Calculated over the trailing 6-month period	—	3.78%	—
Volatility (1Y) Calculated over the trailing 1-year period	4.78%	5.21%	-0.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.78%	6.69%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	4.78%	6.69%	-1.91%

CCRP vs. MILK - Expense Ratio Comparison

CCRP has a 0.18% expense ratio, which is lower than MILK's 0.49% expense ratio.

Dividends

CCRP vs. MILK - Dividend Comparison

CCRP's dividend yield for the trailing twelve months is around 2.03%, less than MILK's 7.04% yield.

Position	TTM	2025
CCRP Columbia Corporate Bond ETF	2.03%	0.25%
MILK Pacer US Cash Cows Bond ETF	7.04%	6.97%

Frequently Asked Questions

Can I hold both CCRP and MILK in my portfolio?

CCRP and MILK have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, CCRP or MILK?

On fees, CCRP is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, CCRP or MILK?

CCRP is cheaper with a 0.18% expense ratio, compared with 0.49% for MILK.

Which ETF pays a higher dividend yield, CCRP or MILK?

MILK has the higher dividend yield at 7.04%, compared with 2.03% for CCRP.

What is the main difference between CCRP and MILK?

They also come from different issuers: Columbia Threadneedle and Pacer. Their fees differ too: 0.18% for CCRP and 0.49% for MILK.