COWZ vs. AVUV

Last updated Jun 13, 2026

COWZ (Pacer US Cash Cows 100 ETF) and AVUV (Avantis US Small Cap Value ETF) are both exchange-traded funds - COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index, while AVUV is a Small Cap Value Equities fund actively managed by Avantis. COWZ is passively managed, while AVUV is actively managed. Over the past 5 years, COWZ returned 10.13%/yr vs 11.57%/yr for AVUV. Their correlation of 0.88 suggests significant overlap in exposure. COWZ charges 0.49%/yr vs 0.25%/yr for AVUV.

Performance

COWZ vs. AVUV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows 100 ETF (COWZ) and Avantis US Small Cap Value ETF (AVUV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWZ achieves a 6.93% return, which is significantly lower than AVUV's 22.73% return.

COWZ

• 1D: 0.82%
• 1M: 1.75%
• YTD: 6.93%
• 6M: 6.01%
• 1Y: 19.20%
• 3Y*: 13.01%
• 5Y*: 10.13%
• 10Y*: —

AVUV

• 1D: 0.96%
• 1M: 5.11%
• YTD: 22.73%
• 6M: 19.51%
• 1Y: 42.12%
• 3Y*: 19.24%
• 5Y*: 11.57%
• 10Y*: —

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

COWZ vs. AVUV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
COWZ Pacer US Cash Cows 100 ETF	6.93%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	7.87%
AVUV Avantis US Small Cap Value ETF	22.73%	7.44%	9.28%	22.82%	-4.91%	42.20%	6.43%	8.54%

Correlation

The correlation between COWZ and AVUV is 0.75, 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	0.75
Correlation (3Y) Calculated over the trailing 3-year period	0.84
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019	0.88

The correlation between COWZ and AVUV shifts across timeframes, from 0.75 (1 year) to 0.88 (all time), reflecting how their relationship changes across market environments.

COWZ vs. AVUV - Sectors Allocation Comparison

Sectors	COWZ	AVUV
Healthcare	21.8%	4.2%
Energy	16.9%	18.2%
Technology	16.0%	7.0%
Consumer Cyclical	11.7%	18.0%
Consumer Defensive	10.9%	4.5%
Communication Services	10.4%	2.8%
Industrials	8.4%	13.9%
Basic Materials	3.7%	4.9%
Financial Services	-	25.8%
Real Estate	-	0.7%
Utilities	-	0.1%

Return for Risk

COWZ vs. AVUV — Risk / Return Rank

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

COWZ

COWZ Risk / Return Rank: 62
COWZ Sharpe Ratio Rank: 55
COWZ Sortino Ratio Rank: 59
COWZ Omega Ratio Rank: 52
COWZ Calmar Ratio Rank: 80
COWZ Martin Ratio Rank: 62

AVUV

AVUV Risk / Return Rank: 84
AVUV Sharpe Ratio Rank: 83
AVUV Sortino Ratio Rank: 84
AVUV Omega Ratio Rank: 77
AVUV Calmar Ratio Rank: 91
AVUV Martin Ratio Rank: 85

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.

COWZ vs. AVUV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows 100 ETF (COWZ) and Avantis US Small Cap Value ETF (AVUV). 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.

	COWZ	AVUV	Difference
Sharpe ratio: Return per unit of total volatility	1.63	2.28	-0.65
Sortino ratio: Return per unit of downside risk	2.42	3.24	-0.82
Omega ratio: Gain probability vs. loss probability	1.29	1.39	-0.11
Calmar ratio: Return relative to maximum drawdown	3.65	5.06	-1.42
Martin ratio: Return relative to average drawdown	9.73	15.09	-5.36

COWZ vs. AVUV - Sharpe Ratio Comparison

The current COWZ Sharpe Ratio is 1.63, which is comparable to the AVUV Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of COWZ and AVUV, 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

COWZ vs. AVUV - Drawdown Comparison

The maximum COWZ drawdown since its inception was -38.63%, smaller than the maximum AVUV drawdown of -49.42%. Use the drawdown chart below to compare losses from any high point for COWZ and AVUV.

Drawdown Indicators

	COWZ	AVUV	Difference
Max Drawdown Largest peak-to-trough decline	-38.63%	-49.42%	+10.79%
Max Drawdown (1Y) Largest decline over 1 year	-5.00%	-7.95%	+2.95%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	-28.79%	+6.79%
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	-28.79%	+6.79%
Current Drawdown Current decline from peak	-2.05%	0.00%	-2.05%
Average Drawdown Average peak-to-trough decline	-4.80%	-7.91%	+3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.67%	-0.79%

Volatility

COWZ vs. AVUV - Volatility Comparison

The current volatility for Pacer US Cash Cows 100 ETF (COWZ) is 3.27%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 4.53%. This indicates that COWZ experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWZ	AVUV	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.27%	4.53%	-1.26%
Volatility (6M) Calculated over the trailing 6-month period	7.20%	11.34%	-4.14%
Volatility (1Y) Calculated over the trailing 1-year period	11.19%	17.63%	-6.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	22.75%	-5.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.91%	28.26%	-8.35%

COWZ vs. AVUV - Expense Ratio Comparison

COWZ has a 0.49% expense ratio, which is higher than AVUV's 0.25% expense ratio.

Dividends

COWZ vs. AVUV - Dividend Comparison

COWZ's dividend yield for the trailing twelve months is around 1.93%, more than AVUV's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
AVUV Avantis US Small Cap Value ETF	1.61%	1.58%	1.61%	1.65%	1.74%	1.28%	1.21%	0.38%	0.00%	0.00%	0.00%
COWZ Pacer US Cash Cows 100 ETF	1.93%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%

Frequently Asked Questions

Can I hold both COWZ and AVUV in my portfolio?

COWZ and AVUV have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COWZ or AVUV?

AVUV has higher volatility (4.53%) compared to COWZ (3.27%). In terms of maximum drawdown, COWZ dropped -38.63% vs AVUV's -49.42%.

Which ETF is better, COWZ or AVUV?

On 5-year performance, AVUV leads with 11.57% vs 10.13% for COWZ. On fees, AVUV is cheaper at 0.25% per year. On volatility, COWZ has been the lower-risk option at 3.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWZ or AVUV?

Over the 5-year period, AVUV has performed better with a 11.57% return vs 10.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWZ or AVUV?

AVUV is cheaper with a 0.25% expense ratio, compared with 0.49% for COWZ.

Which ETF pays a higher dividend yield, COWZ or AVUV?

COWZ has the higher dividend yield at 1.93%, compared with 1.61% for AVUV.

What is the main difference between COWZ and AVUV?

COWZ is categorized as Mid Cap Value Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: Pacer and Avantis. Their fees differ too: 0.49% for COWZ and 0.25% for AVUV.

Which has better risk-adjusted returns?

AVUV currently has the higher Sharpe Ratio (2.28 vs 1.63), 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.