CIPMX vs. COWZ

Last updated Jun 24, 2026

CIPMX (Champlain Mid Cap Fund) and COWZ (Pacer US Cash Cows 100 ETF) are both funds - CIPMX is a Mid Cap Growth Equities fund managed by Champlain Funds, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Over the past 5 years, CIPMX returned 0.95%/yr vs 9.90%/yr for COWZ. A 0.73 correlation means they provide meaningful diversification when combined. CIPMX charges 1.09%/yr vs 0.49%/yr for COWZ.

Performance

CIPMX vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Champlain Mid Cap Fund (CIPMX) 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, CIPMX achieves a -2.90% return, which is significantly lower than COWZ's 3.27% return.

CIPMX

• 1D: -0.63%
• 1M: 0.16%
• YTD: -2.90%
• 6M: -4.36%
• 1Y: -1.76%
• 3Y*: 6.50%
• 5Y*: 0.95%
• 10Y*: 9.76%

COWZ

• 1D: 0.59%
• 1M: -3.72%
• YTD: 3.27%
• 6M: 2.69%
• 1Y: 15.76%
• 3Y*: 12.38%
• 5Y*: 9.90%
• 10Y*: —

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

CIPMX vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CIPMX Champlain Mid Cap Fund	-2.90%	1.44%	13.94%	15.40%	-26.53%	24.48%	29.03%	26.27%	3.41%	13.62%
COWZ Pacer US Cash Cows 100 ETF	3.27%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	23.41%	-10.05%	20.22%

Correlation

The correlation between CIPMX and COWZ is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.69
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 19, 2016	0.73

The correlation between CIPMX and COWZ has been stable across timeframes, ranging from 0.69 to 0.73 - a consistent structural relationship.

Return for Risk

CIPMX vs. COWZ — Risk / Return Rank

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

CIPMX

CIPMX Risk / Return Rank: 2
CIPMX Sharpe Ratio Rank: 3
CIPMX Sortino Ratio Rank: 2
CIPMX Omega Ratio Rank: 3
CIPMX Calmar Ratio Rank: 3
CIPMX Martin Ratio Rank: 2

COWZ

COWZ Risk / Return Rank: 45
COWZ Sharpe Ratio Rank: 41
COWZ Sortino Ratio Rank: 42
COWZ Omega Ratio Rank: 39
COWZ Calmar Ratio Rank: 56
COWZ Martin Ratio Rank: 48

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.

CIPMX vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Champlain Mid Cap Fund (CIPMX) 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.

	CIPMX	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.06	1.39	-1.45
Sortino ratio: Return per unit of downside risk	0.02	2.05	-2.03
Omega ratio: Gain probability vs. loss probability	1.00	1.25	-0.24
Calmar ratio: Return relative to maximum drawdown	-0.06	2.66	-2.72
Martin ratio: Return relative to average drawdown	-0.15	7.92	-8.07

CIPMX vs. COWZ - Sharpe Ratio Comparison

The current CIPMX Sharpe Ratio is -0.06, which is lower than the COWZ Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of CIPMX 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

CIPMX vs. COWZ - Drawdown Comparison

The maximum CIPMX drawdown since its inception was -45.33%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for CIPMX and COWZ.

Drawdown Indicators

	CIPMX	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-45.33%	-38.63%	-6.70%
Max Drawdown (1Y) Largest decline over 1 year	-14.68%	-5.95%	-8.73%
Max Drawdown (3Y) Largest decline over 3 years	-20.11%	-22.00%	+1.89%
Max Drawdown (5Y) Largest decline over 5 years	-33.20%	-22.00%	-11.20%
Max Drawdown (10Y) Largest decline over 10 years	-33.84%	—	—
Current Drawdown Current decline from peak	-6.84%	-5.40%	-1.44%
Average Drawdown Average peak-to-trough decline	-7.96%	-4.80%	-3.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.83%	2.00%	+3.83%

Volatility

CIPMX vs. COWZ - Volatility Comparison

Champlain Mid Cap Fund (CIPMX) has a higher volatility of 5.11% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.97%. This indicates that CIPMX'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

	CIPMX	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.11%	3.97%	+1.14%
Volatility (6M) Calculated over the trailing 6-month period	11.42%	7.53%	+3.89%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	11.38%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.09%	17.64%	+1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.89%	19.90%	-1.01%

CIPMX vs. COWZ - Expense Ratio Comparison

CIPMX has a 1.09% expense ratio, which is higher than COWZ's 0.49% expense ratio.

Dividends

CIPMX vs. COWZ - Dividend Comparison

CIPMX's dividend yield for the trailing twelve months is around 18.72%, more than COWZ's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CIPMX Champlain Mid Cap Fund	18.72%	18.17%	15.31%	0.30%	1.44%	10.24%	4.62%	4.06%	6.70%	0.00%	4.28%	8.32%
COWZ Pacer US Cash Cows 100 ETF	2.00%	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

Can I hold both CIPMX and COWZ in my portfolio?

CIPMX and COWZ have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CIPMX or COWZ?

CIPMX has higher volatility (5.11%) compared to COWZ (3.97%). In terms of maximum drawdown, CIPMX dropped -45.33% vs COWZ's -38.63%.

Which has better risk-adjusted returns?

COWZ currently has the higher Sharpe Ratio (1.39 vs -0.06), 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.