CVY vs. GCOW
Compare and contrast key facts about Invesco Zacks Multi-Asset Income ETF (CVY) and Pacer Global Cash Cows Dividend ETF (GCOW).
CVY and GCOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CVY is a passively managed fund by Invesco that tracks the performance of the Zacks Multi-Asset Income Index. It was launched on Sep 21, 2006. GCOW is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Global Cash Cows Dividends Index. It was launched on Feb 23, 2016. Both CVY and GCOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CVY or GCOW.
Key characteristics
| CVY | GCOW | |
|---|---|---|
| YTD Return | 5.61% | 0.50% |
| 1Y Return | 21.76% | 5.92% |
| 3Y Return (Ann) | 5.58% | 8.19% |
| 5Y Return (Ann) | 6.64% | 6.96% |
| Sharpe Ratio | 1.51 | 0.46 |
| Daily Std Dev | 13.90% | 12.00% |
| Max Drawdown | -66.86% | -37.64% |
| Current Drawdown | -3.73% | -2.38% |
Correlation
The correlation between CVY and GCOW is 0.79, 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.
Performance
CVY vs. GCOW - Performance Comparison
In the year-to-date period, CVY achieves a 5.61% return, which is significantly higher than GCOW's 0.50% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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CVY vs. GCOW - Expense Ratio Comparison
CVY has a 1.00% expense ratio, which is higher than GCOW's 0.60% expense ratio.
Risk-Adjusted Performance
CVY vs. GCOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Multi-Asset Income ETF (CVY) and Pacer Global Cash Cows Dividend ETF (GCOW). 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.
Dividends
CVY vs. GCOW - Dividend Comparison
CVY's dividend yield for the trailing twelve months is around 4.03%, less than GCOW's 5.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CVY Invesco Zacks Multi-Asset Income ETF | 4.03% | 4.41% | 5.18% | 2.37% | 3.40% | 3.22% | 4.44% | 3.94% | 4.50% | 5.89% | 6.28% | 5.35% |
GCOW Pacer Global Cash Cows Dividend ETF | 5.86% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% | 0.00% | 0.00% | 0.00% |
Drawdowns
CVY vs. GCOW - Drawdown Comparison
The maximum CVY drawdown since its inception was -66.86%, which is greater than GCOW's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for CVY and GCOW. For additional features, visit the drawdowns tool.
Volatility
CVY vs. GCOW - Volatility Comparison
Invesco Zacks Multi-Asset Income ETF (CVY) has a higher volatility of 3.83% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 3.38%. This indicates that CVY's price experiences larger fluctuations and is considered to be riskier than GCOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.