DIVB vs. COWZ
DIVB (iShares U.S. Dividend and Buyback ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - DIVB is a Large Cap Blend Equities fund tracking the Morningstar US Dividend and Buyback Index, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Both are passively managed. Over the past 5 years, DIVB returned 12.19%/yr vs 10.57%/yr for COWZ. Their correlation of 0.87 suggests significant overlap in exposure. DIVB charges 0.25%/yr vs 0.49%/yr for COWZ.
Performance
DIVB vs. COWZ - Performance Comparison
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Returns By Period
In the year-to-date period, DIVB achieves a 17.35% return, which is significantly higher than COWZ's 8.18% return.
DIVB
- 1D
- -0.56%
- 1M
- 8.55%
- YTD
- 17.35%
- 6M
- 17.71%
- 1Y
- 29.81%
- 3Y*
- 22.07%
- 5Y*
- 12.19%
- 10Y*
- —
COWZ
- 1D
- -0.34%
- 1M
- 2.61%
- YTD
- 8.18%
- 6M
- 9.03%
- 1Y
- 22.23%
- 3Y*
- 14.44%
- 5Y*
- 10.57%
- 10Y*
- —
DIVB vs. COWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares U.S. Dividend and Buyback ETF | 17.35% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
COWZ Pacer US Cash Cows 100 ETF | 8.18% | 8.98% | 10.64% | 14.73% | 0.19% | 42.57% | 11.65% | 23.41% | -10.05% | 7.96% |
Correlation
The correlation between DIVB and COWZ is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017 | 0.87 |
The correlation between DIVB and COWZ has been stable across timeframes, ranging from 0.83 to 0.88 - a consistent structural relationship.
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Return for Risk
DIVB vs. COWZ — Risk / Return Rank
DIVB
COWZ
DIVB vs. COWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Dividend and Buyback ETF (DIVB) and Pacer US Cash Cows 100 ETF (COWZ). 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.
| DIVB | COWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.36 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 4.39 | 4.46 | -0.08 |
| Martin ratioReturn relative to average drawdown | 14.95 | 12.19 | +2.76 |
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
| DIVB | COWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.65 | 2.02 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.60 | +0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.76 | 0.65 | +0.11 |
Drawdowns
DIVB vs. COWZ - Drawdown Comparison
The maximum DIVB drawdown since its inception was -36.93%, roughly equal to the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for DIVB and COWZ.
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Drawdown Indicators
| DIVB | COWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.93% | -38.63% | +1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -6.82% | -5.00% | -1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -15.45% | -22.00% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.08% | -22.00% | +0.92% |
Current DrawdownCurrent decline from peak | -0.56% | -0.91% | +0.35% |
Average DrawdownAverage peak-to-trough decline | -4.99% | -4.81% | -0.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.00% | 1.83% | +0.17% |
Volatility
DIVB vs. COWZ - Volatility Comparison
iShares U.S. Dividend and Buyback ETF (DIVB) has a higher volatility of 3.34% compared to Pacer US Cash Cows 100 ETF (COWZ) at 2.56%. This indicates that DIVB's price experiences larger fluctuations and is considered to be riskier than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DIVB | COWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.34% | 2.56% | +0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 8.44% | 7.12% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.33% | 11.13% | +0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.23% | 17.63% | -2.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.38% | 19.93% | -1.55% |
DIVB vs. COWZ - Expense Ratio Comparison
DIVB has a 0.25% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Dividends
DIVB vs. COWZ - Dividend Comparison
DIVB's dividend yield for the trailing twelve months is around 2.19%, more than COWZ's 1.99% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COWZ Pacer US Cash Cows 100 ETF | 1.99% | 2.19% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% |
DIVB iShares U.S. Dividend and Buyback ETF | 2.19% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% |
Frequently Asked Questions
DIVB and COWZ have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DIVB has higher volatility (3.34%) compared to COWZ (2.56%). In terms of maximum drawdown, DIVB dropped -36.93% vs COWZ's -38.63%.
On 5-year performance, DIVB leads with 12.19% vs 10.57% for COWZ. On fees, DIVB is cheaper at 0.25% per year. On volatility, COWZ has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.19% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.25% expense ratio, compared with 0.49% for COWZ.
DIVB has the higher dividend yield at 2.19%, compared with 1.99% for COWZ.
DIVB is categorized as Large Cap Blend Equities, while COWZ is Mid Cap Value Equities. DIVB tracks Morningstar US Dividend and Buyback Index, while COWZ tracks Pacer US Cash Cows 100 Index. They also come from different issuers: iShares and Pacer. Their fees differ too: 0.25% for DIVB and 0.49% for COWZ.
DIVB currently has the higher Sharpe Ratio (2.65 vs 2.02), 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.
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