ECOW vs. DEM
Compare and contrast key facts about Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and WisdomTree Emerging Markets Equity Income Fund (DEM).
ECOW and DEM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ECOW is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019. DEM is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Emerging Markets Equity income Index. It was launched on Jul 13, 2007. Both ECOW and DEM 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: ECOW or DEM.
Key characteristics
| ECOW | DEM | |
|---|---|---|
| YTD Return | 1.34% | 3.45% |
| 1Y Return | 11.13% | 16.87% |
| 3Y Return (Ann) | -3.03% | 4.31% |
| Sharpe Ratio | 0.70 | 1.20 |
| Daily Std Dev | 15.20% | 13.58% |
| Max Drawdown | -40.27% | -51.85% |
| Current Drawdown | -11.92% | -2.38% |
Correlation
The correlation between ECOW and DEM is 0.72, 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
ECOW vs. DEM - Performance Comparison
In the year-to-date period, ECOW achieves a 1.34% return, which is significantly lower than DEM's 3.45% 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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ECOW vs. DEM - Expense Ratio Comparison
ECOW has a 0.70% expense ratio, which is higher than DEM's 0.63% expense ratio.
Risk-Adjusted Performance
ECOW vs. DEM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and WisdomTree Emerging Markets Equity Income Fund (DEM). 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
ECOW vs. DEM - Dividend Comparison
ECOW's dividend yield for the trailing twelve months is around 5.25%, less than DEM's 5.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 5.25% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DEM WisdomTree Emerging Markets Equity Income Fund | 5.64% | 5.49% | 8.62% | 5.87% | 4.21% | 4.79% | 4.47% | 3.67% | 3.63% | 5.21% | 5.51% | 4.10% |
Drawdowns
ECOW vs. DEM - Drawdown Comparison
The maximum ECOW drawdown since its inception was -40.27%, smaller than the maximum DEM drawdown of -51.85%. Use the drawdown chart below to compare losses from any high point for ECOW and DEM. For additional features, visit the drawdowns tool.
Volatility
ECOW vs. DEM - Volatility Comparison
Pacer Emerging Markets Cash Cows 100 ETF (ECOW) has a higher volatility of 4.42% compared to WisdomTree Emerging Markets Equity Income Fund (DEM) at 3.88%. This indicates that ECOW's price experiences larger fluctuations and is considered to be riskier than DEM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.