COWZ vs. RDIV

Last updated Aug 4, 2026

COWZ (Pacer US Cash Cows 100 ETF) and RDIV (Invesco S&P Ultra Dividend Revenue ETF) are both Mid Cap Value Equities funds - COWZ tracks the Pacer US Cash Cows 100 Index while RDIV tracks the S&P 900 Dividend Revenue-Weighted Index. Both are passively managed. Over the past 5 years, COWZ returned 11.04%/yr vs 14.06%/yr for RDIV. Their correlation of 0.82 means they have usually moved in the same direction. COWZ charges 0.49%/yr vs 0.39%/yr for RDIV.

Performance

COWZ vs. RDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows 100 ETF (COWZ) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, COWZ achieves a 12.39% return, which is significantly lower than RDIV's 23.37% return.

COWZ

• 1D: 0.58%
• 1M: 5.50%
• 6M: 8.21%
• YTD: 12.39%
• 1Y: 24.54%
• 3Y*: 11.99%
• 5Y*: 11.04%
• 10Y*: —
• ALL TIME*: 13.03%

RDIV

• 1D: 0.51%
• 1M: 7.15%
• 6M: 17.84%
• YTD: 23.37%
• 1Y: 37.17%
• 3Y*: 20.53%
• 5Y*: 14.06%
• 10Y*: 11.15%
• ALL TIME*: 11.77%

*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)
COWZ Pacer US Cash Cows 100 ETF	$63.88M	$58.45M	$60.21M
RDIV Invesco S&P Ultra Dividend Revenue ETF	$3.51M	$2.94M	$4.41M

COWZ vs. RDIV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
COWZ Pacer US Cash Cows 100 ETF	12.39%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	23.41%	-10.05%	20.22%
RDIV Invesco S&P Ultra Dividend Revenue ETF	23.37%	12.36%	15.17%	4.66%	7.16%	29.12%	-9.31%	22.62%	-4.78%	11.63%

Correlation

The correlation between COWZ and RDIV is 0.74, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.74
Correlation (3Y) Balances recent behavior with more history.	0.79
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Dec 19, 2016	0.82

The correlation between COWZ and RDIV has been stable across timeframes, ranging from 0.74 to 0.82 - a consistent structural relationship.

COWZ vs. RDIV - Sectors Allocation Comparison

Sectors	COWZ	RDIV
Technology	22.9%	5.1%
Healthcare	19.9%	6.8%
Consumer Cyclical	14.3%	14.5%
Energy	11.2%	17.0%
Consumer Defensive	10.6%	15.4%
Communication Services	8.8%	8.0%
Industrials	8.4%	-
Basic Materials	4.0%	0.5%
Financial Services	-	19.2%
Real Estate	-	7.6%
Utilities	-	6.4%

Return for Risk

COWZ vs. RDIV — Risk / Return Rank

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

COWZ

COWZ Risk / Return Rank: 87
COWZ Sharpe Ratio Rank: 87
COWZ Sortino Ratio Rank: 89
COWZ Omega Ratio Rank: 85
COWZ Calmar Ratio Rank: 91
COWZ Martin Ratio Rank: 85

RDIV

RDIV Risk / Return Rank: 95
RDIV Sharpe Ratio Rank: 95
RDIV Sortino Ratio Rank: 95
RDIV Omega Ratio Rank: 93
RDIV Calmar Ratio Rank: 97
RDIV Martin Ratio Rank: 96

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. RDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows 100 ETF (COWZ) and Invesco S&P Ultra Dividend Revenue ETF (RDIV). 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	RDIV	Difference
Sharpe ratio: Return per unit of total volatility	2.09	2.79	-0.70
Sortino ratio: Return per unit of downside risk	3.08	4.01	-0.93
Omega ratio: Gain probability vs. loss probability	1.37	1.49	-0.11
Calmar ratio: Return relative to maximum drawdown	4.14	7.71	-3.57
Martin ratio: Return relative to average drawdown	12.12	23.41	-11.29

COWZ vs. RDIV - Sharpe Ratio Comparison

The current COWZ Sharpe Ratio is 2.09, which is comparable to the RDIV Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of COWZ and RDIV, 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. RDIV - Drawdown Comparison

The maximum COWZ drawdown since its inception was -38.63%, smaller than the maximum RDIV drawdown of -49.97%. Use the drawdown chart below to compare losses from any high point for COWZ and RDIV.

Drawdown Indicators

	COWZ	RDIV	Difference
Max Drawdown Largest peak-to-trough decline	-38.63%	-49.97%	+11.34%
Max Drawdown (1Y) Largest decline over 1 year	-5.95%	-4.84%	-1.11%
Max Drawdown (3Y) Largest decline over 3 years	-22.00%	-17.91%	-4.09%
Max Drawdown (5Y) Largest decline over 5 years	-22.00%	-24.89%	+2.89%
Max Drawdown (10Y) Largest decline over 10 years	—	-49.97%	—
Current Drawdown Current decline from peak	-0.83%	-0.96%	+0.13%
Average Drawdown Average peak-to-trough decline	-4.76%	-5.80%	+1.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.59%	+0.44%

Volatility

COWZ vs. RDIV - Volatility Comparison

Pacer US Cash Cows 100 ETF (COWZ) has a higher volatility of 4.86% compared to Invesco S&P Ultra Dividend Revenue ETF (RDIV) at 3.98%. This indicates that COWZ's price experiences larger fluctuations and is considered to be riskier than RDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWZ	RDIV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.86%	3.98%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	8.75%	9.24%	-0.49%
Volatility (1Y) Calculated over the trailing 1-year period	11.84%	13.41%	-1.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	17.40%	+0.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.86%	21.85%	-1.99%

COWZ vs. RDIV - Expense Ratio Comparison

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

Dividends

COWZ vs. RDIV - Dividend Comparison

COWZ's dividend yield for the trailing twelve months is around 1.84%, less than RDIV's 3.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COWZ Pacer US Cash Cows 100 ETF	1.84%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%	0.00%
RDIV Invesco S&P Ultra Dividend Revenue ETF	3.43%	3.94%	4.08%	3.93%	3.44%	3.31%	4.93%	3.84%	4.32%	4.26%	2.20%	4.49%

Frequently Asked Questions

Can I hold both COWZ and RDIV in my portfolio?

COWZ and RDIV have a correlation of 0.74, 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 RDIV?

COWZ has higher volatility (4.86%) compared to RDIV (3.98%). In terms of maximum drawdown, COWZ dropped -38.63% vs RDIV's -49.97%.

Which ETF is better, COWZ or RDIV?

On 5-year performance, RDIV leads with 14.06% vs 11.04% for COWZ. On fees, RDIV is cheaper at 0.39% per year. On volatility, RDIV has been the lower-risk option at 3.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, COWZ or RDIV?

Over the 5-year period, RDIV has performed better with a 14.06% return vs 11.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, COWZ or RDIV?

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

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

RDIV has the higher dividend yield at 3.43%, compared with 1.84% for COWZ.

What is the main difference between COWZ and RDIV?

COWZ tracks Pacer US Cash Cows 100 Index, while RDIV tracks S&P 900 Dividend Revenue-Weighted Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.49% for COWZ and 0.39% for RDIV.

Which has better risk-adjusted returns?

RDIV currently has the higher Sharpe Ratio (2.79 vs 2.09), 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.