CNRG vs. COWZ
Compare and contrast key facts about SPDR S&P Kensho Clean Power ETF (CNRG) and Pacer US Cash Cows 100 ETF (COWZ).
CNRG and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CNRG is a passively managed fund by State Street that tracks the performance of the S&P Kensho Clean Power Index. It was launched on Oct 22, 2018. COWZ is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016. Both CNRG and COWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CNRG or COWZ.
Performance
CNRG vs. COWZ - Performance Comparison
Returns By Period
In the year-to-date period, CNRG achieves a -15.17% return, which is significantly lower than COWZ's 14.89% return.
CNRG
-15.17%
-1.81%
-4.02%
-4.93%
10.29%
N/A
COWZ
14.89%
0.15%
6.09%
20.96%
16.50%
N/A
Key characteristics
| CNRG | COWZ | |
|---|---|---|
| Sharpe Ratio | -0.18 | 1.54 |
| Sortino Ratio | -0.04 | 2.25 |
| Omega Ratio | 1.00 | 1.27 |
| Calmar Ratio | -0.09 | 2.76 |
| Martin Ratio | -0.43 | 6.54 |
| Ulcer Index | 13.24% | 3.19% |
| Daily Std Dev | 31.51% | 13.60% |
| Max Drawdown | -59.60% | -38.63% |
| Current Drawdown | -57.07% | -2.27% |
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CNRG vs. COWZ - Expense Ratio Comparison
CNRG has a 0.45% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Correlation
The correlation between CNRG and COWZ is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
CNRG vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Kensho Clean Power ETF (CNRG) 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.
Dividends
CNRG vs. COWZ - Dividend Comparison
CNRG's dividend yield for the trailing twelve months is around 1.75%, less than COWZ's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
CNRG SPDR S&P Kensho Clean Power ETF | 1.75% | 1.17% | 1.23% | 1.34% | 0.69% | 1.16% | 0.35% | 0.00% | 0.00% |
COWZ Pacer US Cash Cows 100 ETF | 1.85% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% |
Drawdowns
CNRG vs. COWZ - Drawdown Comparison
The maximum CNRG drawdown since its inception was -59.60%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for CNRG and COWZ. For additional features, visit the drawdowns tool.
Volatility
CNRG vs. COWZ - Volatility Comparison
SPDR S&P Kensho Clean Power ETF (CNRG) has a higher volatility of 10.11% compared to Pacer US Cash Cows 100 ETF (COWZ) at 4.09%. This indicates that CNRG'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.