COWG vs. SRVR

Last updated Jul 15, 2026

COWG (Pacer US Large Cap Cash Cows Growth Leaders ETF) and SRVR (Pacer Data & Infrastructure Real Estate ETF) are both exchange-traded funds - COWG is a Large Cap Growth Equities fund tracking the Pacer US Large Cap Cash Cows Growth Leaders Index, while SRVR is a REIT fund tracking the FTSE Nareit All Equity REITs Index. Both are passively managed. Over the past 3 years, COWG returned 21.24%/yr vs 3.75%/yr for SRVR. At a 0.49 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.

Performance

COWG vs. SRVR - 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 Data & Infrastructure Real Estate ETF (SRVR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWG achieves a 10.75% return, which is significantly higher than SRVR's 8.77% return.

COWG

• 1D: 0.98%
• 1M: 0.07%
• 6M: 7.13%
• YTD: 10.75%
• 1Y: 12.04%
• 3Y*: 21.24%
• 5Y*: —
• 10Y*: —

SRVR

• 1D: -0.36%
• 1M: -8.32%
• 6M: 3.46%
• YTD: 8.77%
• 1Y: -1.52%
• 3Y*: 3.75%
• 5Y*: -3.37%
• 10Y*: —

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

COWG vs. SRVR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	10.75%	10.24%	34.99%	20.69%	-0.68%
SRVR Pacer Data & Infrastructure Real Estate ETF	8.77%	-1.99%	2.70%	6.84%	0.01%

Correlation

The correlation between COWG and SRVR is 0.50, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.49

The correlation between COWG and SRVR has been stable across timeframes, ranging from 0.47 to 0.50 - a consistent structural relationship.

Return for Risk

COWG vs. SRVR — Risk / Return Rank

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

COWG

COWG Risk / Return Rank: 25
COWG Sharpe Ratio Rank: 23
COWG Sortino Ratio Rank: 22
COWG Omega Ratio Rank: 22
COWG Calmar Ratio Rank: 28
COWG Martin Ratio Rank: 29

SRVR

SRVR Risk / Return Rank: 8
SRVR Sharpe Ratio Rank: 8
SRVR Sortino Ratio Rank: 8
SRVR Omega Ratio Rank: 8
SRVR Calmar Ratio Rank: 8
SRVR Martin Ratio Rank: 8

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. SRVR - 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 Data & Infrastructure Real Estate ETF (SRVR). 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	SRVR	Difference
Sharpe ratio: Return per unit of total volatility	0.68	-0.09	+0.77
Sortino ratio: Return per unit of downside risk	1.04	-0.00	+1.04
Omega ratio: Gain probability vs. loss probability	1.13	1.00	+0.13
Calmar ratio: Return relative to maximum drawdown	1.12	-0.10	+1.22
Martin ratio: Return relative to average drawdown	3.21	-0.20	+3.41

COWG vs. SRVR - Sharpe Ratio Comparison

The current COWG Sharpe Ratio is 0.68, which is higher than the SRVR Sharpe Ratio of -0.09. The chart below compares the historical Sharpe Ratios of COWG and SRVR, 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. SRVR - Drawdown Comparison

The maximum COWG drawdown since its inception was -23.60%, smaller than the maximum SRVR drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for COWG and SRVR.

Drawdown Indicators

	COWG	SRVR	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-40.99%	+17.39%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-14.78%	+3.99%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-18.34%	-5.26%
Max Drawdown (5Y) Largest decline over 5 years	—	-40.99%	—
Current Drawdown Current decline from peak	-2.98%	-20.35%	+17.37%
Average Drawdown Average peak-to-trough decline	-3.26%	-15.27%	+12.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.76%	7.45%	-3.69%

Volatility

COWG vs. SRVR - Volatility Comparison

Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) has a higher volatility of 7.25% compared to Pacer Data & Infrastructure Real Estate ETF (SRVR) at 4.15%. This indicates that COWG's price experiences larger fluctuations and is considered to be riskier than SRVR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWG	SRVR	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	4.15%	+3.10%
Volatility (6M) Calculated over the trailing 6-month period	14.10%	13.95%	+0.15%
Volatility (1Y) Calculated over the trailing 1-year period	17.76%	17.24%	+0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.37%	19.84%	-0.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.37%	21.41%	-2.04%

COWG vs. SRVR - Expense Ratio Comparison

Both COWG and SRVR have an expense ratio of 0.49%.

Dividends

COWG vs. SRVR - Dividend Comparison

COWG's dividend yield for the trailing twelve months is around 0.36%, less than SRVR's 2.81% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	0.36%	0.32%	0.40%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%
SRVR Pacer Data & Infrastructure Real Estate ETF	2.81%	2.67%	2.00%	3.69%	1.70%	1.19%	1.59%	1.61%	2.13%

Frequently Asked Questions

Can I hold both COWG and SRVR in my portfolio?

COWG and SRVR have a correlation of 0.50, 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 SRVR?

COWG has higher volatility (7.25%) compared to SRVR (4.15%). In terms of maximum drawdown, COWG dropped -23.60% vs SRVR's -40.99%.

Which ETF is better, COWG or SRVR?

On 3-year performance, COWG leads with 21.24% vs 3.75% for SRVR. Both ETFs have the same 0.49% expense ratio. On volatility, SRVR has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWG or SRVR?

Over the 3-year period, COWG has performed better with a 21.24% return vs 3.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWG or SRVR?

COWG and SRVR have the same expense ratio: 0.49% per year.

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

SRVR has the higher dividend yield at 2.81%, compared with 0.36% for COWG.

What is the main difference between COWG and SRVR?

COWG is categorized as Large Cap Growth Equities, while SRVR is REIT. COWG tracks Pacer US Large Cap Cash Cows Growth Leaders Index, while SRVR tracks FTSE Nareit All Equity REITs Index.

Which has better risk-adjusted returns?

COWG currently has the higher Sharpe Ratio (0.68 vs -0.09), 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.