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COW.TO vs. COWG
Performance
Return for Risk
Dividends
Drawdowns
Volatility

COW.TO vs. COWG

Last updated Apr 2, 2026

Compare and contrast key facts about iShares Global Agriculture Index ETF (COW.TO) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG).

COW.TO and COWG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COW.TO is a passively managed fund by iShares that tracks the performance of the Manulife Investment Management Global Agriculture Index. It was launched on Dec 19, 2007. COWG is a passively managed fund by Pacer that tracks the performance of the Pacer US Large Cap Cash Cows Growth Leaders Index. It was launched on Dec 21, 2022. Both COW.TO and COWG 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

COW.TO vs. COWG - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Agriculture Index ETF (COW.TO) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG). The values are adjusted to include any dividend payments, if applicable.

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COW.TO vs. COWG - Yearly Performance Comparison

2026 (YTD)2025202420232022
COW.TO
iShares Global Agriculture Index ETF		21.04%-0.67%5.62%-8.61%-0.88%
COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF		-2.70%5.19%46.59%18.03%-1.45%
Different Trading Currencies

COW.TO is traded in CAD, while COWG is traded in USD. To make them comparable, the COWG values have been converted to CAD using the latest available exchange rates.

Returns By Period

In the year-to-date period, COW.TO achieves a 21.04% return, which is significantly higher than COWG's -2.85% return.

COW.TO

1D
0.54%
1M
0.60%
YTD
21.04%
6M
17.11%
1Y
16.02%
3Y*
6.17%
5Y*
5.09%
10Y*
9.75%

COWG

1D
0.00%
1M
-2.95%
YTD
-2.85%
6M
-7.46%
1Y
5.94%
3Y*
19.53%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares Global Agriculture Index ETF

Pacer US Large Cap Cash Cows Growth Leaders ETF

Often compared with COW.TO:
COW.TO vs. NTR.TOCOW.TO vs. CWW.TOCOW.TO vs. VOOCOW.TO vs. XHC.TOCOW.TO vs. XUS.TOCOW.TO vs. ZWC.TOCOW.TO vs. DBA
Often compared with COWG:
COWG vs. COWZCOWG vs. BULCOWG vs. VOOCOWG vs. SCHGCOWG vs. TTACCOWG vs. VUGCOWG vs. QUAL

COW.TO vs. COWG - Expense Ratio Comparison

COW.TO has a 0.72% expense ratio, which is higher than COWG's 0.49% expense ratio.

COW.TO
iShares Global Agriculture Index ETF
COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF

Return for Risk

COW.TO vs. COWG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
COW.TO
COW.TO Risk / Return Rank: 4343
Overall Rank
COW.TO Sharpe Ratio Rank: 4545
Sharpe Ratio Rank
COW.TO Sortino Ratio Rank: 4949
Sortino Ratio Rank
COW.TO Omega Ratio Rank: 4040
Omega Ratio Rank
COW.TO Calmar Ratio Rank: 4949
Calmar Ratio Rank
COW.TO Martin Ratio Rank: 3333
Martin Ratio Rank
COWG
COWG Risk / Return Rank: 2626
Overall Rank
COWG Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
COWG Sortino Ratio Rank: 2424
Sortino Ratio Rank
COWG Omega Ratio Rank: 2424
Omega Ratio Rank
COWG Calmar Ratio Rank: 3131
Calmar Ratio Rank
COWG Martin Ratio Rank: 2929
Martin Ratio Rank
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.

COW.TO vs. COWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Agriculture Index ETF (COW.TO) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG). 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.

COW.TOCOWGDifference

Sharpe ratio

Return per unit of total volatility

0.88

0.27

+0.61

Sortino ratio

Return per unit of downside risk

1.39

0.53

+0.86

Omega ratio

Gain probability vs. loss probability

1.17

1.07

+0.09

Calmar ratio

Return relative to maximum drawdown

1.39

0.49

+0.90

Martin ratio

Return relative to average drawdown

3.14

1.29

+1.85

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

COW.TO vs. COWG - Sharpe Ratio Comparison

The current COW.TO Sharpe Ratio is 0.88, which is higher than the COWG Sharpe Ratio of 0.27. The chart below compares the historical Sharpe Ratios of COW.TO and COWG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

COW.TOCOWGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.88

0.27

+0.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.27

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.51

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.37

1.02

-0.65

Correlation

The correlation between COW.TO and COWG is 0.28, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

COW.TO vs. COWG - Dividend Comparison

COW.TO's dividend yield for the trailing twelve months is around 1.99%, more than COWG's 0.35% yield.

TTM20252024202320222021202020192018201720162015
COW.TO
iShares Global Agriculture Index ETF		1.99%2.40%1.43%1.62%2.03%0.69%1.02%1.02%1.07%0.58%1.10%1.78%
COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF		0.35%0.32%0.40%0.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Drawdowns

COW.TO vs. COWG - Drawdown Comparison

The maximum COW.TO drawdown since its inception was -55.00%, which is greater than COWG's maximum drawdown of -23.23%. Use the drawdown chart below to compare losses from any high point for COW.TO and COWG.

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Drawdown Indicators

COW.TOCOWGDifference

Max Drawdown

Largest peak-to-trough decline

-55.00%

-23.60%

-31.40%

Max Drawdown (1Y)

Largest decline over 1 year

-11.56%

-12.96%

+1.40%

Max Drawdown (5Y)

Largest decline over 5 years

-29.82%

—

—

Max Drawdown (10Y)

Largest decline over 10 years

-36.62%

—

—

Current Drawdown

Current decline from peak

-3.01%

-7.98%

+4.97%

Average Drawdown

Average peak-to-trough decline

-14.01%

-3.36%

-10.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.11%

4.00%

+1.11%

Volatility

COW.TO vs. COWG - Volatility Comparison

iShares Global Agriculture Index ETF (COW.TO) has a higher volatility of 6.22% compared to Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) at 5.85%. This indicates that COW.TO's price experiences larger fluctuations and is considered to be riskier than COWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COW.TOCOWGDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.22%

5.85%

+0.37%

Volatility (6M)

Calculated over the trailing 6-month period

12.34%

13.07%

-0.73%

Volatility (1Y)

Calculated over the trailing 1-year period

18.26%

22.07%

-3.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.95%

18.26%

+0.69%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.28%

18.26%

+1.02%