COWZ vs. VOE
Compare and contrast key facts about Pacer US Cash Cows 100 ETF (COWZ) and Vanguard Mid-Cap Value ETF (VOE).
COWZ and VOE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. COWZ is a passively managed fund by Pacer that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016. VOE is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mid Cap Value Index. It was launched on Aug 17, 2006. Both COWZ and VOE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
COWZ vs. VOE - Performance Comparison
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COWZ vs. VOE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
COWZ Pacer US Cash Cows 100 ETF | 4.30% | 8.98% | 10.64% | 14.73% | 0.19% | 42.57% | 11.65% | 23.41% | -10.05% | 20.22% |
VOE Vanguard Mid-Cap Value ETF | 4.46% | 12.08% | 14.00% | 9.85% | -7.97% | 28.78% | 2.65% | 27.85% | -12.48% | 17.07% |
Returns By Period
The year-to-date returns for both investments are quite close, with COWZ having a 4.30% return and VOE slightly higher at 4.46%.
COWZ
- 1D
- 1.08%
- 1M
- -3.36%
- YTD
- 4.30%
- 6M
- 10.31%
- 1Y
- 16.75%
- 3Y*
- 12.26%
- 5Y*
- 11.01%
- 10Y*
- —
VOE
- 1D
- 1.55%
- 1M
- -4.65%
- YTD
- 4.46%
- 6M
- 6.69%
- 1Y
- 17.22%
- 3Y*
- 13.73%
- 5Y*
- 8.61%
- 10Y*
- 10.21%
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COWZ vs. VOE - Expense Ratio Comparison
COWZ has a 0.49% expense ratio, which is higher than VOE's 0.07% expense ratio.
Return for Risk
COWZ vs. VOE — Risk / Return Rank
COWZ
VOE
COWZ vs. VOE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows 100 ETF (COWZ) and Vanguard Mid-Cap Value ETF (VOE). 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.
| COWZ | VOE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.96 | 1.05 | -0.09 |
Sortino ratioReturn per unit of downside risk | 1.44 | 1.53 | -0.09 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.22 | -0.01 |
Calmar ratioReturn relative to maximum drawdown | 1.30 | 1.47 | -0.17 |
Martin ratioReturn relative to average drawdown | 6.06 | 6.87 | -0.80 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| COWZ | VOE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.05 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.54 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.43 | +0.20 |
Correlation
The correlation between COWZ and VOE is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
COWZ vs. VOE - Dividend Comparison
COWZ's dividend yield for the trailing twelve months is around 2.06%, more than VOE's 1.99% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
COWZ Pacer US Cash Cows 100 ETF | 2.06% | 2.19% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% | 0.00% |
VOE Vanguard Mid-Cap Value ETF | 1.99% | 2.10% | 2.11% | 2.27% | 2.27% | 1.78% | 2.36% | 2.05% | 2.75% | 1.86% | 1.92% | 2.05% |
Drawdowns
COWZ vs. VOE - Drawdown Comparison
The maximum COWZ drawdown since its inception was -38.63%, smaller than the maximum VOE drawdown of -61.50%. Use the drawdown chart below to compare losses from any high point for COWZ and VOE.
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Drawdown Indicators
| COWZ | VOE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.63% | -61.50% | +22.87% |
Max Drawdown (1Y)Largest decline over 1 year | -13.55% | -12.42% | -1.13% |
Max Drawdown (5Y)Largest decline over 5 years | -22.00% | -19.70% | -2.30% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.18% | — |
Current DrawdownCurrent decline from peak | -3.36% | -4.73% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -4.85% | -8.42% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.91% | 2.67% | +0.24% |
Volatility
COWZ vs. VOE - Volatility Comparison
The current volatility for Pacer US Cash Cows 100 ETF (COWZ) is 3.00%, while Vanguard Mid-Cap Value ETF (VOE) has a volatility of 4.23%. This indicates that COWZ experiences smaller price fluctuations and is considered to be less risky than VOE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| COWZ | VOE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.00% | 4.23% | -1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.36% | 8.78% | -0.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.50% | 16.48% | +1.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 16.11% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.08% | 18.84% | +1.24% |