COWG vs. QUAL
Compare and contrast key facts about Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) and iShares Edge MSCI USA Quality Factor ETF (QUAL).
COWG and QUAL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COWG is a passively managed fund by Pacer that tracks the performance of the Pacer US Large Cap Cash Cows Growth Leaders Index - USD - Benchmark TR Gross. It was launched on Dec 21, 2022. QUAL is a passively managed fund by iShares that tracks the performance of the MSCI USA Quality Index. It was launched on Jul 16, 2013. Both COWG and QUAL 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: COWG or QUAL.
Key characteristics
| COWG | QUAL | |
|---|---|---|
| YTD Return | 38.15% | 26.02% |
| 1Y Return | 51.28% | 35.29% |
| Sharpe Ratio | 3.01 | 2.79 |
| Sortino Ratio | 3.91 | 3.84 |
| Omega Ratio | 1.52 | 1.52 |
| Calmar Ratio | 4.59 | 4.59 |
| Martin Ratio | 19.40 | 17.58 |
| Ulcer Index | 2.63% | 1.99% |
| Daily Std Dev | 16.96% | 12.57% |
| Max Drawdown | -11.11% | -34.06% |
| Current Drawdown | -0.12% | -0.19% |
Correlation
The correlation between COWG and QUAL is 0.91, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
COWG vs. QUAL - Performance Comparison
In the year-to-date period, COWG achieves a 38.15% return, which is significantly higher than QUAL's 26.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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COWG vs. QUAL - Expense Ratio Comparison
COWG has a 0.49% expense ratio, which is higher than QUAL's 0.15% expense ratio.
Risk-Adjusted Performance
COWG vs. QUAL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) and iShares Edge MSCI USA Quality Factor ETF (QUAL). 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
COWG vs. QUAL - Dividend Comparison
COWG's dividend yield for the trailing twelve months is around 0.37%, less than QUAL's 0.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF | 0.37% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
QUAL iShares Edge MSCI USA Quality Factor ETF | 0.98% | 1.23% | 1.59% | 1.20% | 1.39% | 1.60% | 2.00% | 1.76% | 1.96% | 1.63% | 1.35% | 0.63% |
Drawdowns
COWG vs. QUAL - Drawdown Comparison
The maximum COWG drawdown since its inception was -11.11%, smaller than the maximum QUAL drawdown of -34.06%. Use the drawdown chart below to compare losses from any high point for COWG and QUAL. For additional features, visit the drawdowns tool.
Volatility
COWG vs. QUAL - Volatility Comparison
Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) has a higher volatility of 5.10% compared to iShares Edge MSCI USA Quality Factor ETF (QUAL) at 3.63%. This indicates that COWG's price experiences larger fluctuations and is considered to be riskier than QUAL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.