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

COW.TO vs. COWG

Last updated Jun 4, 2026

COW.TO (iShares Global Agriculture Index ETF) and COWG (Pacer US Large Cap Cash Cows Growth Leaders ETF) are both exchange-traded funds - COW.TO is a Large Cap Blend Equities fund tracking the Manulife Investment Management Global Agriculture Index, while COWG is a Mid Cap Growth Equities fund tracking the Pacer US Large Cap Cash Cows Growth Leaders Index. Both are passively managed. Over the past 3 years, COW.TO returned 8.62%/yr vs 25.98%/yr for COWG. At a 0.27 correlation, their price movements are largely independent. COW.TO charges 0.72%/yr vs 0.49%/yr for COWG.

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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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 15.84% return, which is significantly higher than COWG's 13.93% return.

COW.TO

1D
0.40%
1M
-2.01%
YTD
15.84%
6M
13.53%
1Y
9.79%
3Y*
8.62%
5Y*
4.24%
10Y*
8.59%

COWG

1D
0.48%
1M
10.33%
YTD
13.93%
6M
12.33%
1Y
14.82%
3Y*
25.98%
5Y*
—
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

COW.TO vs. COWG - Yearly Performance Comparison

2026 (YTD)2025202420232022
COW.TO
iShares Global Agriculture Index ETF		15.84%-0.67%5.62%-8.61%-0.88%
COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF		13.93%5.19%46.59%18.03%-1.45%

Correlation

The correlation between COW.TO and COWG is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.16

Correlation (3Y)
Calculated over the trailing 3-year period

0.23

Correlation (All Time)
Calculated using the full available price history since Dec 23, 2022

0.27

The correlation between COW.TO and COWG shifts across timeframes, from 0.16 (1 year) to 0.27 (all time), reflecting how their relationship changes across market environments.

COW.TO vs. COWG - Sectors Allocation Comparison

Sectors
COW.TO
COWG

Consumer Defensive

42.3%
2.0%

Industrials

28.0%
3.6%

Basic Materials

27.4%
6.5%

Consumer Cyclical

1.7%
3.2%

Financial Services

0.5%

-

Communication Services

-

5.2%

Energy

-

8.4%

Healthcare

-

21.0%

Real Estate

-

-

Technology

-

48.5%

Utilities

-

1.5%

Consumer Defensive

COW.TO
42.3%
COWG
2.0%

Industrials

COW.TO
28.0%
COWG
3.6%

Basic Materials

COW.TO
27.4%
COWG
6.5%

Consumer Cyclical

COW.TO
1.7%
COWG
3.2%

Financial Services

COW.TO
0.5%
COWG

-

Communication Services

COW.TO

-

COWG
5.2%

Energy

COW.TO

-

COWG
8.4%

Healthcare

COW.TO

-

COWG
21.0%

Real Estate

COW.TO

-

COWG

-

Technology

COW.TO

-

COWG
48.5%

Utilities

COW.TO

-

COWG
1.5%

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

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: 1919
Overall Rank
COW.TO Sharpe Ratio Rank: 1919
Sharpe Ratio Rank
COW.TO Sortino Ratio Rank: 1919
Sortino Ratio Rank
COW.TO Omega Ratio Rank: 1818
Omega Ratio Rank
COW.TO Calmar Ratio Rank: 2121
Calmar Ratio Rank
COW.TO Martin Ratio Rank: 1818
Martin Ratio Rank
COWG
COWG Risk / Return Rank: 2424
Overall Rank
COWG Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
COWG Sortino Ratio Rank: 2323
Sortino Ratio Rank
COWG Omega Ratio Rank: 2222
Omega Ratio Rank
COWG Calmar Ratio Rank: 2626
Calmar Ratio Rank
COWG Martin Ratio Rank: 2626
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 ratioReturn per unit of total volatility
0.63
0.96

-0.33

Sortino ratioReturn per unit of downside risk
1.03
1.41

-0.37

Omega ratioGain probability vs. loss probability

1.12

1.17

-0.05

Calmar ratioReturn relative to maximum drawdown

0.94

1.33

-0.40

Martin ratioReturn relative to average drawdown

1.94

3.32

-1.38

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 0.63, which is lower than the COWG Sharpe Ratio of 0.96. The chart below compares the historical Sharpe Ratios of COW.TO and COWG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

COW.TOCOWGDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.63

0.96

-0.33

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.23

—

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.45

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

1.29

-0.93

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%

-23.23%

-31.77%

Max Drawdown (1Y)

Largest decline over 1 year

-10.51%

-11.18%

+0.67%

Max Drawdown (3Y)

Largest decline over 3 years

-14.51%

-23.23%

+8.72%

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

-7.17%

0.00%

-7.17%

Average Drawdown

Average peak-to-trough decline

-13.94%

-3.48%

-10.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.06%

4.47%

+0.59%

Volatility

COW.TO vs. COWG - Volatility Comparison

iShares Global Agriculture Index ETF (COW.TO) has a higher volatility of 3.85% compared to Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) at 3.63%. 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

3.85%

3.63%

+0.22%

Volatility (6M)

Calculated over the trailing 6-month period

12.44%

11.70%

+0.74%

Volatility (1Y)

Calculated over the trailing 1-year period

15.68%

15.53%

+0.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.87%

18.06%

+0.81%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.30%

18.06%

+1.24%

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.

Dividends

COW.TO vs. COWG - Dividend Comparison

COW.TO's dividend yield for the trailing twelve months is around 2.07%, more than COWG's 0.30% yield.

PositionTTM20252024202320222021202020192018201720162015
COW.TO
iShares Global Agriculture Index ETF		2.07%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		0.30%0.32%0.40%0.47%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

COW.TO and COWG have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, COWG is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

COWG is cheaper with a 0.49% expense ratio, compared with 0.72% for COW.TO.

COW.TO is categorized as Large Cap Blend Equities, while COWG is Mid Cap Growth Equities. COW.TO tracks Manulife Investment Management Global Agriculture Index, while COWG tracks Pacer US Large Cap Cash Cows Growth Leaders Index. They also come from different issuers: iShares and Pacer. Their fees differ too: 0.72% for COW.TO and 0.49% for COWG.

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