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

COW.TO vs. REMX

Last updated Jun 24, 2026

COW.TO (iShares Global Agriculture Index ETF) and REMX (VanEck Rare Earth and Strategic Metals ETF) are both exchange-traded funds - COW.TO is a Large Cap Blend Equities fund tracking the Manulife Investment Management Global Agriculture Index, while REMX is a Rare Earth & Strategic Metals fund tracking the MarketVector Global Rare Earth/Strategic Metals Index. Both are passively managed. Over the past 10 years, COW.TO returned 8.34%/yr vs 11.18%/yr for REMX. At a 0.40 correlation, their price movements are largely independent. COW.TO charges 0.72%/yr vs 0.59%/yr for REMX.

Performance

COW.TO vs. REMX - Performance Comparison

The chart below illustrates the hypothetical performance of a CA$10,000 investment in iShares Global Agriculture Index ETF (COW.TO) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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 REMX is traded in USD. To make them comparable, the REMX 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 13.43% return, which is significantly lower than REMX's 28.42% return. Over the past 10 years, COW.TO has underperformed REMX with an annualized return of 8.34%, while REMX has yielded a comparatively higher 11.18% annualized return.

COW.TO

1D
0.41%
1M
-0.57%
YTD
13.43%
6M
9.29%
1Y
1.58%
3Y*
6.31%
5Y*
3.78%
10Y*
8.34%

REMX

1D
-5.73%
1M
-2.53%
YTD
28.42%
6M
26.26%
1Y
146.79%
3Y*
8.26%
5Y*
7.35%
10Y*
11.18%
*Multi-year figures are annualized to reflect compound growth (CAGR)

COW.TO vs. REMX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
COW.TO
iShares Global Agriculture Index ETF		13.43%-4.34%5.62%-8.61%12.62%19.09%11.78%26.04%-14.16%14.90%
REMX
VanEck Rare Earth and Strategic Metals ETF		28.42%84.14%-29.51%-21.11%-26.76%79.72%60.91%-3.42%-45.40%70.24%

Correlation

The correlation between COW.TO and REMX is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.

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

0.22

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

0.29

Correlation (5Y)
Calculated over the trailing 5-year period

0.37

Correlation (10Y)
Calculated over the trailing 10-year period

0.37

Correlation (All Time)
Calculated using the full available price history since Oct 28, 2010

0.40

The correlation between COW.TO and REMX shifts across timeframes, from 0.22 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.

COW.TO vs. REMX - Sectors Allocation Comparison

Sectors
COW.TO
REMX

Consumer Defensive

42.6%

-

Basic Materials

27.7%
100.0%

Industrials

27.6%

-

Consumer Cyclical

1.6%

-

Financial Services

0.6%

-

Communication Services

-

-

Energy

-

-

Healthcare

-

-

Real Estate

-

-

Technology

-

-

Utilities

-

-

Consumer Defensive

COW.TO
42.6%
REMX

-

Basic Materials

COW.TO
27.7%
REMX
100.0%

Industrials

COW.TO
27.6%
REMX

-

Consumer Cyclical

COW.TO
1.6%
REMX

-

Financial Services

COW.TO
0.6%
REMX

-

Communication Services

COW.TO

-

REMX

-

Energy

COW.TO

-

REMX

-

Healthcare

COW.TO

-

REMX

-

Real Estate

COW.TO

-

REMX

-

Technology

COW.TO

-

REMX

-

Utilities

COW.TO

-

REMX

-

Compare stocks, funds, or ETFs

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iShares Global Agriculture Index ETF

VanEck Rare Earth and Strategic Metals ETF

Often compared with COW.TO:
COW.TO vs. NTR.TOCOW.TO vs. CWW.TOCOW.TO vs. COWGCOW.TO vs. VOOCOW.TO vs. XHC.TOCOW.TO vs. DBACOW.TO vs. ZWC.TO
Often compared with REMX:
REMX vs. LITREMX vs. XLBREMX vs. USARREMX vs. COPXREMX vs. RAREREMX vs. GNRREMX vs. WTRE

Return for Risk

COW.TO vs. REMX — 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: 1010
Overall Rank
COW.TO Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
COW.TO Sortino Ratio Rank: 99
Sortino Ratio Rank
COW.TO Omega Ratio Rank: 99
Omega Ratio Rank
COW.TO Calmar Ratio Rank: 1010
Calmar Ratio Rank
COW.TO Martin Ratio Rank: 1010
Martin Ratio Rank
REMX
REMX Risk / Return Rank: 8080
Overall Rank
REMX Sharpe Ratio Rank: 8888
Sharpe Ratio Rank
REMX Sortino Ratio Rank: 7272
Sortino Ratio Rank
REMX Omega Ratio Rank: 6767
Omega Ratio Rank
REMX Calmar Ratio Rank: 9393
Calmar Ratio Rank
REMX Martin Ratio Rank: 8282
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. REMX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Agriculture Index ETF (COW.TO) and VanEck Rare Earth and Strategic Metals ETF (REMX). 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.

COW.TOREMXDifference
Sharpe ratioReturn per unit of total volatility
0.10
2.96

-2.87

Sortino ratioReturn per unit of downside risk
0.26
3.23

-2.96

Omega ratioGain probability vs. loss probability

1.03

1.40

-0.37

Calmar ratioReturn relative to maximum drawdown

0.12

6.43

-6.31

Martin ratioReturn relative to average drawdown

0.28

16.89

-16.61

COW.TO vs. REMX - Sharpe Ratio Comparison

The current COW.TO Sharpe Ratio is 0.10, which is lower than the REMX Sharpe Ratio of 2.96. The chart below compares the historical Sharpe Ratios of COW.TO and REMX, 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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Drawdowns

COW.TO vs. REMX - Drawdown Comparison

The maximum COW.TO drawdown since its inception was -55.00%, smaller than the maximum REMX drawdown of -85.86%. Use the drawdown chart below to compare losses from any high point for COW.TO and REMX.

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Drawdown Indicators

COW.TOREMXDifference

Max Drawdown

Largest peak-to-trough decline

-55.00%

-85.86%

+30.86%

Max Drawdown (1Y)

Largest decline over 1 year

-13.43%

-22.97%

+9.54%

Max Drawdown (3Y)

Largest decline over 3 years

-14.51%

-59.08%

+44.57%

Max Drawdown (5Y)

Largest decline over 5 years

-29.84%

-69.70%

+39.86%

Max Drawdown (10Y)

Largest decline over 10 years

-42.38%

-69.70%

+27.32%

Current Drawdown

Current decline from peak

-12.48%

-37.72%

+25.24%

Average Drawdown

Average peak-to-trough decline

-14.68%

-58.92%

+44.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

5.63%

8.73%

-3.10%

Volatility

COW.TO vs. REMX - Volatility Comparison

The current volatility for iShares Global Agriculture Index ETF (COW.TO) is 3.25%, while VanEck Rare Earth and Strategic Metals ETF (REMX) has a volatility of 16.94%. This indicates that COW.TO experiences smaller price fluctuations and is considered to be less risky than REMX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

COW.TOREMXDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.25%

16.94%

-13.69%

Volatility (6M)

Calculated over the trailing 6-month period

12.76%

37.57%

-24.81%

Volatility (1Y)

Calculated over the trailing 1-year period

16.10%

49.82%

-33.72%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

18.89%

41.06%

-22.17%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.84%

37.55%

-15.71%

COW.TO vs. REMX - Expense Ratio Comparison

COW.TO has a 0.72% expense ratio, which is higher than REMX's 0.59% expense ratio.

Dividends

COW.TO vs. REMX - Dividend Comparison

COW.TO's dividend yield for the trailing twelve months is around 2.17%, more than REMX's 1.42% yield.

PositionTTM20252024202320222021202020192018201720162015
COW.TO
iShares Global Agriculture Index ETF		2.17%2.46%1.43%1.62%2.01%0.69%1.13%1.13%1.18%0.63%1.21%1.96%
REMX
VanEck Rare Earth and Strategic Metals ETF		1.42%1.76%2.56%0.00%1.56%5.25%0.81%1.64%12.43%2.89%2.23%4.77%

Frequently Asked Questions

COW.TO and REMX have a correlation of 0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, REMX is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

REMX is cheaper with a 0.59% expense ratio, compared with 0.72% for COW.TO.

COW.TO is categorized as Large Cap Blend Equities, while REMX is Rare Earth & Strategic Metals. COW.TO tracks Manulife Investment Management Global Agriculture Index, while REMX tracks MarketVector Global Rare Earth/Strategic Metals Index. They also come from different issuers: iShares and VanEck. Their fees differ too: 0.72% for COW.TO and 0.59% for REMX.

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