COWZ vs. COWS

Last updated Aug 2, 2026

COWZ (Pacer US Cash Cows 100 ETF) and COWS (Amplify Cash Flow Dividend Leaders ETF) are both Mid Cap Value Equities funds - COWZ tracks the Pacer US Cash Cows 100 Index while COWS tracks the Kelly US Cash Flow Dividend Leaders Index. Both are passively managed. Over the past year, COWZ returned 23.82% vs 32.48% for COWS. Their correlation of 0.91 means they have usually moved in the same direction. COWZ charges 0.49%/yr vs 0.00%/yr for COWS.

Performance

COWZ vs. COWS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows 100 ETF (COWZ) and Amplify Cash Flow Dividend Leaders ETF (COWS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWZ achieves a 11.74% return, which is significantly lower than COWS's 16.71% return.

COWZ

• 1D: 0.19%
• 1M: 4.89%
• 6M: 7.97%
• YTD: 11.74%
• 1Y: 23.82%
• 3Y*: 11.64%
• 5Y*: 10.98%
• 10Y*: —
• ALL TIME*: 12.98%

COWS

• 1D: 0.16%
• 1M: 4.92%
• 6M: 14.74%
• YTD: 16.71%
• 1Y: 32.48%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 18.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
COWS Amplify Cash Flow Dividend Leaders ETF	$328.33K	$310.96K	$216.44K
COWZ Pacer US Cash Cows 100 ETF	$65.11M	$58.70M	$60.07M

COWZ vs. COWS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
COWZ Pacer US Cash Cows 100 ETF	11.74%	8.98%	10.64%	2.98%
COWS Amplify Cash Flow Dividend Leaders ETF	16.71%	15.29%	11.08%	9.31%

Correlation

The correlation between COWZ and COWS is 0.83, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.83
Correlation (All Time) Calculated using the full available price history since Sep 13, 2023	0.91

The correlation between COWZ and COWS has been stable across timeframes, ranging from 0.83 to 0.91 - a consistent structural relationship.

COWZ vs. COWS - Sectors Allocation Comparison

Sectors	COWZ	COWS
Technology	22.9%	17.8%
Healthcare	19.9%	11.4%
Consumer Cyclical	14.3%	18.5%
Energy	11.2%	8.7%
Consumer Defensive	10.6%	2.6%
Communication Services	8.8%	2.7%
Industrials	8.4%	16.3%
Basic Materials	4.0%	6.1%
Financial Services	-	15.9%
Real Estate	-	-
Utilities	-	2.3%

Return for Risk

COWZ vs. COWS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

COWZ

COWZ Risk / Return Rank: 85
COWZ Sharpe Ratio Rank: 83
COWZ Sortino Ratio Rank: 86
COWZ Omega Ratio Rank: 82
COWZ Calmar Ratio Rank: 90
COWZ Martin Ratio Rank: 83

COWS

COWS Risk / Return Rank: 86
COWS Sharpe Ratio Rank: 81
COWS Sortino Ratio Rank: 84
COWS Omega Ratio Rank: 79
COWS Calmar Ratio Rank: 94
COWS Martin Ratio Rank: 91

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

COWZ vs. COWS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows 100 ETF (COWZ) and Amplify Cash Flow Dividend Leaders ETF (COWS). 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	COWS	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.85	+0.07
Sortino ratio: Return per unit of downside risk	2.86	2.73	+0.12
Omega ratio: Gain probability vs. loss probability	1.34	1.33	+0.02
Calmar ratio: Return relative to maximum drawdown	3.83	4.65	-0.82
Martin ratio: Return relative to average drawdown	11.22	15.02	-3.80

COWZ vs. COWS - Sharpe Ratio Comparison

The current COWZ Sharpe Ratio is 1.93, which is comparable to the COWS Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of COWZ and COWS, 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. COWS - Drawdown Comparison

The maximum COWZ drawdown since its inception was -38.63%, which is greater than COWS's maximum drawdown of -24.76%. Use the drawdown chart below to compare losses from any high point for COWZ and COWS.

Drawdown Indicators

	COWZ	COWS	Difference
Max Drawdown Largest peak-to-trough decline	-38.63%	-24.76%	-13.87%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-6.44%	+0.49%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	—	—
Current Drawdown Current decline from peak	-1.40%	-1.59%	+0.19%
Average Drawdown Average peak-to-trough decline	-4.77%	-3.77%	-1.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.99%	+0.04%

Volatility

COWZ vs. COWS - Volatility Comparison

Pacer US Cash Cows 100 ETF (COWZ) and Amplify Cash Flow Dividend Leaders ETF (COWS) have volatilities of 5.04% and 5.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWZ	COWS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	5.17%	-0.13%
Volatility (6M) Calculated over the trailing 6-month period	8.74%	10.87%	-2.13%
Volatility (1Y) Calculated over the trailing 1-year period	11.91%	16.20%	-4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	18.71%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	18.71%	+1.15%

COWZ vs. COWS - Expense Ratio Comparison

COWZ has a 0.49% expense ratio, which is higher than COWS's 0.00% expense ratio.

Dividends

COWZ vs. COWS - Dividend Comparison

COWZ's dividend yield for the trailing twelve months is around 1.85%, more than COWS's 1.46% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWS Amplify Cash Flow Dividend Leaders ETF	1.46%	2.04%	2.08%	0.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
COWZ Pacer US Cash Cows 100 ETF	1.85%	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 COWS in my portfolio?

COWZ and COWS have a correlation of 0.83, 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 COWS?

COWS has higher volatility (5.17%) compared to COWZ (5.04%). In terms of maximum drawdown, COWZ dropped -38.63% vs COWS's -24.76%.

Which ETF is better, COWZ or COWS?

On 1-year performance, COWS leads with 32.48% vs 23.82% for COWZ. On fees, COWS is cheaper at 0.00% per year. On volatility, COWZ has been the lower-risk option at 5.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWZ or COWS?

Over the 1-year period, COWS has performed better with a 32.48% return vs 23.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWZ or COWS?

COWS is cheaper with a 0.00% expense ratio, compared with 0.49% for COWZ.

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

COWZ has the higher dividend yield at 1.85%, compared with 1.46% for COWS.

What is the main difference between COWZ and COWS?

COWZ tracks Pacer US Cash Cows 100 Index, while COWS tracks Kelly US Cash Flow Dividend Leaders Index. They also come from different issuers: Pacer and Amplify. Their fees differ too: 0.49% for COWZ and 0.00% for COWS.

Which has better risk-adjusted returns?

COWZ currently has the higher Sharpe Ratio (1.93 vs 1.85), 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.