COWG vs. QDPL

Last updated Jun 25, 2026

COWG (Pacer US Large Cap Cash Cows Growth Leaders ETF) and QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) are both exchange-traded funds - COWG is a Mid Cap Growth Equities fund tracking the Pacer US Large Cap Cash Cows Growth Leaders Index, while QDPL is a Large Cap Blend Equities fund tracking the Metaurus US Large Cap Dividend Multiplier Index - Series 400. Both are passively managed. Over the past 3 years, COWG returned 22.52%/yr vs 19.14%/yr for QDPL. Their correlation of 0.85 suggests significant overlap in exposure. COWG charges 0.49%/yr vs 0.60%/yr for QDPL.

Performance

COWG vs. QDPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) and Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWG achieves a 7.28% return, which is significantly lower than QDPL's 7.91% return.

COWG

• 1D: -0.45%
• 1M: -1.35%
• YTD: 7.28%
• 6M: 5.34%
• 1Y: 8.75%
• 3Y*: 22.52%
• 5Y*: —
• 10Y*: —

QDPL

• 1D: -0.04%
• 1M: -1.27%
• YTD: 7.91%
• 6M: 6.74%
• 1Y: 21.00%
• 3Y*: 19.14%
• 5Y*: —
• 10Y*: —

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

COWG vs. QDPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	7.28%	10.24%	34.99%	20.69%	-0.68%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	7.91%	16.52%	22.83%	23.66%	-0.35%

Correlation

The correlation between COWG and QDPL is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.85

The correlation between COWG and QDPL has been stable across timeframes, ranging from 0.82 to 0.85 - a consistent structural relationship.

COWG vs. QDPL - Sectors Allocation Comparison

Sectors	COWG	QDPL
Technology	51.4%	39.1%
Healthcare	20.0%	8.3%
Energy	7.3%	3.1%
Basic Materials	6.3%	1.7%
Communication Services	5.7%	10.7%
Industrials	3.1%	7.8%
Consumer Cyclical	2.9%	9.9%
Consumer Defensive	1.9%	4.5%
Utilities	1.4%	2.1%
Financial Services	-	11.1%
Real Estate	-	1.8%

Return for Risk

COWG vs. QDPL — Risk / Return Rank

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

COWG

COWG Risk / Return Rank: 18
COWG Sharpe Ratio Rank: 17
COWG Sortino Ratio Rank: 16
COWG Omega Ratio Rank: 16
COWG Calmar Ratio Rank: 20
COWG Martin Ratio Rank: 21

QDPL

QDPL Risk / Return Rank: 58
QDPL Sharpe Ratio Rank: 56
QDPL Sortino Ratio Rank: 55
QDPL Omega Ratio Rank: 56
QDPL Calmar Ratio Rank: 55
QDPL Martin Ratio Rank: 67

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.

COWG vs. QDPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) and Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL). 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.

	COWG	QDPL	Difference
Sharpe ratio: Return per unit of total volatility	0.52	1.70	-1.19
Sortino ratio: Return per unit of downside risk	0.81	2.37	-1.56
Omega ratio: Gain probability vs. loss probability	1.10	1.31	-0.21
Calmar ratio: Return relative to maximum drawdown	0.81	2.44	-1.62
Martin ratio: Return relative to average drawdown	2.35	10.98	-8.63

COWG vs. QDPL - Sharpe Ratio Comparison

The current COWG Sharpe Ratio is 0.52, which is lower than the QDPL Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of COWG and QDPL, 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

COWG vs. QDPL - Drawdown Comparison

The maximum COWG drawdown since its inception was -23.60%, roughly equal to the maximum QDPL drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for COWG and QDPL.

Drawdown Indicators

	COWG	QDPL	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-22.59%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-8.65%	-2.14%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-17.75%	-5.85%
Current Drawdown Current decline from peak	-4.64%	-2.89%	-1.75%
Average Drawdown Average peak-to-trough decline	-3.27%	-5.11%	+1.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	1.92%	+1.81%

Volatility

COWG vs. QDPL - Volatility Comparison

Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) has a higher volatility of 7.09% compared to Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) at 4.89%. This indicates that COWG's price experiences larger fluctuations and is considered to be riskier than QDPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWG	QDPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	4.89%	+2.20%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	9.73%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	12.44%	+4.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	15.07%	+4.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	15.07%	+4.19%

COWG vs. QDPL - Expense Ratio Comparison

COWG has a 0.49% expense ratio, which is lower than QDPL's 0.60% expense ratio.

Dividends

COWG vs. QDPL - Dividend Comparison

COWG's dividend yield for the trailing twelve months is around 0.38%, less than QDPL's 5.16% yield.

Position	TTM	2025	2024	2023	2022	2021
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	0.38%	0.32%	0.40%	0.47%	0.00%	0.00%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	5.16%	4.84%	5.43%	6.30%	7.27%	2.44%

Frequently Asked Questions

Can I hold both COWG and QDPL in my portfolio?

COWG and QDPL have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COWG or QDPL?

COWG has higher volatility (7.09%) compared to QDPL (4.89%). In terms of maximum drawdown, COWG dropped -23.60% vs QDPL's -22.59%.

Which ETF is better, COWG or QDPL?

On 3-year performance, COWG leads with 22.52% vs 19.14% for QDPL. On fees, COWG is cheaper at 0.49% per year. On volatility, QDPL has been the lower-risk option at 4.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWG or QDPL?

Over the 3-year period, COWG has performed better with a 22.52% return vs 19.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWG or QDPL?

COWG is cheaper with a 0.49% expense ratio, compared with 0.60% for QDPL.

Which ETF pays a higher dividend yield, COWG or QDPL?

QDPL has the higher dividend yield at 5.16%, compared with 0.38% for COWG.

What is the main difference between COWG and QDPL?

COWG is categorized as Mid Cap Growth Equities, while QDPL is Large Cap Blend Equities. COWG tracks Pacer US Large Cap Cash Cows Growth Leaders Index, while QDPL tracks Metaurus US Large Cap Dividend Multiplier Index - Series 400. Their fees differ too: 0.49% for COWG and 0.60% for QDPL.

Which has better risk-adjusted returns?

QDPL currently has the higher Sharpe Ratio (1.70 vs 0.52), 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.