COWZ vs. DSTL

Last updated Jun 24, 2026

COWZ (Pacer US Cash Cows 100 ETF) and DSTL (Distillate U.S. Fundamental Stability & Value ETF) are both exchange-traded funds - COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index, while DSTL is a Large Cap Value Equities fund actively managed by Distillate Capital. COWZ is passively managed, while DSTL is actively managed. Over the past 5 years, COWZ returned 9.90%/yr vs 8.57%/yr for DSTL. Their correlation of 0.87 suggests significant overlap in exposure. COWZ charges 0.49%/yr vs 0.39%/yr for DSTL.

Performance

COWZ vs. DSTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows 100 ETF (COWZ) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWZ achieves a 3.27% return, which is significantly higher than DSTL's -0.31% return.

COWZ

• 1D: 0.59%
• 1M: -3.72%
• YTD: 3.27%
• 6M: 2.69%
• 1Y: 15.76%
• 3Y*: 12.38%
• 5Y*: 9.90%
• 10Y*: —

DSTL

• 1D: 0.03%
• 1M: -1.51%
• YTD: -0.31%
• 6M: -1.10%
• 1Y: 8.52%
• 3Y*: 11.48%
• 5Y*: 8.57%
• 10Y*: —

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

COWZ vs. DSTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
COWZ Pacer US Cash Cows 100 ETF	3.27%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	23.41%	-9.74%
DSTL Distillate U.S. Fundamental Stability & Value ETF	-0.31%	8.71%	12.78%	22.71%	-10.64%	28.87%	19.31%	35.49%	-8.42%

Correlation

The correlation between COWZ and DSTL is 0.89, 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	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.87
Correlation (All Time) Calculated using the full available price history since Oct 24, 2018	0.87

The correlation between COWZ and DSTL has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

COWZ vs. DSTL - Sectors Allocation Comparison

Sectors	COWZ	DSTL
Healthcare	21.8%	20.3%
Energy	16.9%	5.4%
Technology	16.0%	31.1%
Consumer Cyclical	11.7%	11.9%
Consumer Defensive	10.9%	3.3%
Communication Services	10.4%	6.7%
Industrials	8.4%	12.9%
Basic Materials	3.7%	0.7%
Financial Services	-	6.8%
Real Estate	-	-
Utilities	-	1.0%

Return for Risk

COWZ vs. DSTL — Risk / Return Rank

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

COWZ

COWZ Risk / Return Rank: 45
COWZ Sharpe Ratio Rank: 41
COWZ Sortino Ratio Rank: 42
COWZ Omega Ratio Rank: 39
COWZ Calmar Ratio Rank: 56
COWZ Martin Ratio Rank: 48

DSTL

DSTL Risk / Return Rank: 22
DSTL Sharpe Ratio Rank: 21
DSTL Sortino Ratio Rank: 21
DSTL Omega Ratio Rank: 19
DSTL Calmar Ratio Rank: 23
DSTL Martin Ratio Rank: 24

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. DSTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows 100 ETF (COWZ) and Distillate U.S. Fundamental Stability & Value ETF (DSTL). 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	DSTL	Difference
Sharpe ratio: Return per unit of total volatility	1.39	0.71	+0.68
Sortino ratio: Return per unit of downside risk	2.05	1.10	+0.95
Omega ratio: Gain probability vs. loss probability	1.25	1.13	+0.12
Calmar ratio: Return relative to maximum drawdown	2.66	1.03	+1.63
Martin ratio: Return relative to average drawdown	7.92	2.96	+4.96

COWZ vs. DSTL - Sharpe Ratio Comparison

The current COWZ Sharpe Ratio is 1.39, which is higher than the DSTL Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of COWZ and DSTL, 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. DSTL - Drawdown Comparison

The maximum COWZ drawdown since its inception was -38.63%, which is greater than DSTL's maximum drawdown of -33.09%. Use the drawdown chart below to compare losses from any high point for COWZ and DSTL.

Drawdown Indicators

	COWZ	DSTL	Difference
Max Drawdown Largest peak-to-trough decline	-38.63%	-33.09%	-5.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-8.30%	+2.35%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	-16.92%	-5.08%
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	-20.10%	-1.90%
Current Drawdown Current decline from peak	-5.40%	-5.31%	-0.09%
Average Drawdown Average peak-to-trough decline	-4.80%	-4.15%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.00%	2.89%	-0.89%

Volatility

COWZ vs. DSTL - Volatility Comparison

The current volatility for Pacer US Cash Cows 100 ETF (COWZ) is 3.97%, while Distillate U.S. Fundamental Stability & Value ETF (DSTL) has a volatility of 4.20%. This indicates that COWZ experiences smaller price fluctuations and is considered to be less risky than DSTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWZ	DSTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.97%	4.20%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	7.53%	8.76%	-1.23%
Volatility (1Y) Calculated over the trailing 1-year period	11.38%	12.09%	-0.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.64%	15.79%	+1.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.90%	19.37%	+0.53%

COWZ vs. DSTL - Expense Ratio Comparison

COWZ has a 0.49% expense ratio, which is higher than DSTL's 0.39% expense ratio.

Dividends

COWZ vs. DSTL - Dividend Comparison

COWZ's dividend yield for the trailing twelve months is around 2.00%, more than DSTL's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	2.00%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
DSTL Distillate U.S. Fundamental Stability & Value ETF	1.28%	1.31%	1.34%	1.30%	1.35%	1.01%	0.83%	0.97%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COWZ and DSTL in my portfolio?

COWZ and DSTL have a correlation of 0.89, 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 DSTL?

DSTL has higher volatility (4.20%) compared to COWZ (3.97%). In terms of maximum drawdown, COWZ dropped -38.63% vs DSTL's -33.09%.

Which ETF is better, COWZ or DSTL?

On 5-year performance, COWZ leads with 9.90% vs 8.57% for DSTL. On fees, DSTL is cheaper at 0.39% per year. On volatility, COWZ has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWZ or DSTL?

Over the 5-year period, COWZ has performed better with a 9.90% return vs 8.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWZ or DSTL?

DSTL is cheaper with a 0.39% expense ratio, compared with 0.49% for COWZ.

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

COWZ has the higher dividend yield at 2.00%, compared with 1.28% for DSTL.

What is the main difference between COWZ and DSTL?

COWZ is categorized as Mid Cap Value Equities, while DSTL is Large Cap Value Equities. They also come from different issuers: Pacer and Distillate Capital. Their fees differ too: 0.49% for COWZ and 0.39% for DSTL.

Which has better risk-adjusted returns?

COWZ currently has the higher Sharpe Ratio (1.39 vs 0.71), 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.