COWZ vs. LIWPX

Last updated Jul 21, 2026

COWZ (Pacer US Cash Cows 100 ETF) and LIWPX (BlackRock LifePath Index 2065 Fund) are both funds - COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index, while LIWPX is a Target Retirement Date fund managed by BlackRock. Over the past 5 years, COWZ returned 10.54%/yr vs 9.76%/yr for LIWPX. A 0.76 correlation means they provide meaningful diversification when combined. COWZ charges 0.49%/yr vs 0.35%/yr for LIWPX.

Performance

COWZ vs. LIWPX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows 100 ETF (COWZ) and BlackRock LifePath Index 2065 Fund (LIWPX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWZ achieves a 8.02% return, which is significantly lower than LIWPX's 10.50% return.

COWZ

• 1D: -0.34%
• 1M: 4.66%
• 6M: 5.39%
• YTD: 8.02%
• 1Y: 18.38%
• 3Y*: 11.05%
• 5Y*: 10.54%
• 10Y*: —
• ALL TIME*: 12.62%

LIWPX

• 1D: -0.84%
• 1M: -1.77%
• 6M: 7.41%
• YTD: 10.50%
• 1Y: 21.10%
• 3Y*: 16.89%
• 5Y*: 9.76%
• 10Y*: —
• ALL TIME*: 12.31%

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

COWZ vs. LIWPX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
COWZ Pacer US Cash Cows 100 ETF	8.02%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	4.31%
LIWPX BlackRock LifePath Index 2065 Fund	10.50%	21.32%	14.17%	21.22%	-18.52%	18.51%	15.12%	5.67%

Correlation

The correlation between COWZ and LIWPX is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Oct 30, 2019	0.76

Over the past year, the correlation between COWZ and LIWPX has dropped to 0.48 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

Return for Risk

COWZ vs. LIWPX — Risk / Return Rank

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

COWZ

COWZ Risk / Return Rank: 69
COWZ Sharpe Ratio Rank: 66
COWZ Sortino Ratio Rank: 70
COWZ Omega Ratio Rank: 63
COWZ Calmar Ratio Rank: 80
COWZ Martin Ratio Rank: 66

LIWPX

LIWPX Risk / Return Rank: 49
LIWPX Sharpe Ratio Rank: 46
LIWPX Sortino Ratio Rank: 45
LIWPX Omega Ratio Rank: 46
LIWPX Calmar Ratio Rank: 49
LIWPX Martin Ratio Rank: 60

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. LIWPX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows 100 ETF (COWZ) and BlackRock LifePath Index 2065 Fund (LIWPX). 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	LIWPX	Difference
Sharpe ratio: Return per unit of total volatility	1.61	1.55	+0.06
Sortino ratio: Return per unit of downside risk	2.38	2.18	+0.21
Omega ratio: Gain probability vs. loss probability	1.28	1.28	0.00
Calmar ratio: Return relative to maximum drawdown	3.10	2.20	+0.90
Martin ratio: Return relative to average drawdown	8.70	9.37	-0.67

COWZ vs. LIWPX - Sharpe Ratio Comparison

The current COWZ Sharpe Ratio is 1.61, which is comparable to the LIWPX Sharpe Ratio of 1.55. The chart below compares the historical Sharpe Ratios of COWZ and LIWPX, 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. LIWPX - Drawdown Comparison

The maximum COWZ drawdown since its inception was -38.63%, which is greater than LIWPX's maximum drawdown of -33.12%. Use the drawdown chart below to compare losses from any high point for COWZ and LIWPX.

Drawdown Indicators

	COWZ	LIWPX	Difference
Max Drawdown Largest peak-to-trough decline	-38.63%	-33.12%	-5.51%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-9.57%	+3.62%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	-16.97%	-5.03%
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	-26.57%	+4.57%
Current Drawdown Current decline from peak	-1.06%	-2.30%	+1.24%
Average Drawdown Average peak-to-trough decline	-4.78%	-5.80%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.12%	2.24%	-0.12%

Volatility

COWZ vs. LIWPX - Volatility Comparison

Pacer US Cash Cows 100 ETF (COWZ) and BlackRock LifePath Index 2065 Fund (LIWPX) have volatilities of 3.90% and 3.80%, 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	LIWPX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.90%	3.80%	+0.10%
Volatility (6M) Calculated over the trailing 6-month period	8.09%	11.45%	-3.36%
Volatility (1Y) Calculated over the trailing 1-year period	11.51%	13.61%	-2.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.63%	16.00%	+1.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	18.53%	+1.33%

COWZ vs. LIWPX - Expense Ratio Comparison

COWZ has a 0.49% expense ratio, which is higher than LIWPX's 0.35% expense ratio.

Dividends

COWZ vs. LIWPX - Dividend Comparison

COWZ's dividend yield for the trailing twelve months is around 1.91%, more than LIWPX's 1.41% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	1.91%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
LIWPX BlackRock LifePath Index 2065 Fund	1.41%	1.57%	0.00%	1.76%	1.50%	1.58%	1.13%	0.83%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both COWZ and LIWPX in my portfolio?

COWZ and LIWPX have a correlation of 0.48, 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 LIWPX?

COWZ has higher volatility (3.90%) compared to LIWPX (3.80%). In terms of maximum drawdown, COWZ dropped -38.63% vs LIWPX's -33.12%.

Which has better risk-adjusted returns?

COWZ currently has the higher Sharpe Ratio (1.61 vs 1.55), 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.