DVYE vs. ECOW
Compare and contrast key facts about iShares Emerging Markets Dividend ETF (DVYE) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).
DVYE and ECOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DVYE is a passively managed fund by iShares that tracks the performance of the Dow Jones Emerging Markets Select Dividend Index. It was launched on Feb 23, 2012. ECOW is a passively managed fund by Pacer that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019. Both DVYE and ECOW 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
DVYE vs. ECOW - Performance Comparison
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DVYE vs. ECOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 10.54% | 28.36% | 8.89% | 20.88% | -31.38% | 11.02% | -2.51% | 6.64% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 9.27% | 32.50% | 3.17% | 15.79% | -19.28% | 7.47% | -2.51% | 10.37% |
Returns By Period
In the year-to-date period, DVYE achieves a 10.54% return, which is significantly higher than ECOW's 9.27% return.
DVYE
- 1D
- -0.12%
- 1M
- -1.30%
- YTD
- 10.54%
- 6M
- 17.72%
- 1Y
- 32.92%
- 3Y*
- 22.29%
- 5Y*
- 6.19%
- 10Y*
- 7.75%
ECOW
- 1D
- -0.02%
- 1M
- -2.79%
- YTD
- 9.27%
- 6M
- 13.41%
- 1Y
- 36.29%
- 3Y*
- 18.70%
- 5Y*
- 6.92%
- 10Y*
- —
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DVYE vs. ECOW - Expense Ratio Comparison
DVYE has a 0.49% expense ratio, which is lower than ECOW's 0.70% expense ratio.
Return for Risk
DVYE vs. ECOW — Risk / Return Rank
DVYE
ECOW
DVYE vs. ECOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Emerging Markets Dividend ETF (DVYE) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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.
| DVYE | ECOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.92 | 2.20 | -0.28 |
Sortino ratioReturn per unit of downside risk | 2.56 | 2.79 | -0.23 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.64 | 2.87 | -0.23 |
Martin ratioReturn relative to average drawdown | 13.28 | 14.23 | -0.95 |
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
| DVYE | ECOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.92 | 2.20 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.39 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.42 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.16 | 0.36 | -0.19 |
Correlation
The correlation between DVYE and ECOW is 0.73, 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
DVYE vs. ECOW - Dividend Comparison
DVYE's dividend yield for the trailing twelve months is around 5.12%, more than ECOW's 4.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVYE iShares Emerging Markets Dividend ETF | 5.12% | 5.88% | 11.81% | 9.05% | 9.89% | 7.31% | 5.27% | 5.97% | 5.69% | 4.81% | 4.56% | 6.53% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.76% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DVYE vs. ECOW - Drawdown Comparison
The maximum DVYE drawdown since its inception was -47.42%, which is greater than ECOW's maximum drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for DVYE and ECOW.
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Drawdown Indicators
| DVYE | ECOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.42% | -40.27% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -12.65% | -12.76% | +0.11% |
Max Drawdown (5Y)Largest decline over 5 years | -40.89% | -33.67% | -7.22% |
Max Drawdown (10Y)Largest decline over 10 years | -40.89% | — | — |
Current DrawdownCurrent decline from peak | -3.11% | -4.84% | +1.73% |
Average DrawdownAverage peak-to-trough decline | -15.54% | -11.29% | -4.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 2.64% | -0.12% |
Volatility
DVYE vs. ECOW - Volatility Comparison
The current volatility for iShares Emerging Markets Dividend ETF (DVYE) is 6.20%, while Pacer Emerging Markets Cash Cows 100 ETF (ECOW) has a volatility of 6.59%. This indicates that DVYE experiences smaller price fluctuations and is considered to be less risky than ECOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DVYE | ECOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.20% | 6.59% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 10.75% | 11.24% | -0.49% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 16.60% | +0.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.85% | 17.66% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.47% | 20.25% | -1.78% |