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ECOW vs. EDIV
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ECOW vs. EDIV

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and SPDR S&P Emerging Markets Dividend ETF (EDIV).

ECOW and EDIV 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 that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019. EDIV is a passively managed fund by State Street that tracks the performance of the S&P Emerging Markets Dividend Opportunities Index. It was launched on Feb 23, 2011. Both ECOW and EDIV 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

ECOW vs. EDIV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and SPDR S&P Emerging Markets Dividend ETF (EDIV). The values are adjusted to include any dividend payments, if applicable.

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ECOW vs. EDIV - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ECOW
Pacer Emerging Markets Cash Cows 100 ETF		9.29%32.50%3.17%15.79%-19.28%7.47%-2.51%10.37%
EDIV
SPDR S&P Emerging Markets Dividend ETF		1.66%16.45%12.75%41.91%-15.31%11.21%-9.95%3.78%

Returns By Period

In the year-to-date period, ECOW achieves a 9.29% return, which is significantly higher than EDIV's 1.66% return.

ECOW

1D
2.44%
1M
-4.14%
YTD
9.29%
6M
12.97%
1Y
37.65%
3Y*
18.71%
5Y*
6.93%
10Y*
—

EDIV

1D
2.23%
1M
-7.27%
YTD
1.66%
6M
3.11%
1Y
16.06%
3Y*
20.08%
5Y*
10.60%
10Y*
8.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Pacer Emerging Markets Cash Cows 100 ETF

SPDR S&P Emerging Markets Dividend ETF

Often compared with ECOW:
ECOW vs. EYLDECOW vs. MOTIECOW vs. EEMSECOW vs. FEDDXECOW vs. DFEVXECOW vs. COWZECOW vs. DEM
Often compared with EDIV:
EDIV vs. VWOEDIV vs. EEMSEDIV vs. VOOEDIV vs. EYLDEDIV vs. EEMEDIV vs. XCEMEDIV vs. FEMS

ECOW vs. EDIV - Expense Ratio Comparison

ECOW has a 0.70% expense ratio, which is higher than EDIV's 0.49% expense ratio.

ECOW
Pacer Emerging Markets Cash Cows 100 ETF
EDIV
SPDR S&P Emerging Markets Dividend ETF

Return for Risk

ECOW vs. EDIV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ECOW
ECOW Risk / Return Rank: 9393
Overall Rank
ECOW Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ECOW Sortino Ratio Rank: 9494
Sortino Ratio Rank
ECOW Omega Ratio Rank: 9595
Omega Ratio Rank
ECOW Calmar Ratio Rank: 8989
Calmar Ratio Rank
ECOW Martin Ratio Rank: 9494
Martin Ratio Rank
EDIV
EDIV Risk / Return Rank: 6565
Overall Rank
EDIV Sharpe Ratio Rank: 6969
Sharpe Ratio Rank
EDIV Sortino Ratio Rank: 6868
Sortino Ratio Rank
EDIV Omega Ratio Rank: 6767
Omega Ratio Rank
EDIV Calmar Ratio Rank: 6363
Calmar Ratio Rank
EDIV Martin Ratio Rank: 5959
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ECOW vs. EDIV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and SPDR S&P Emerging Markets Dividend ETF (EDIV). 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.

ECOWEDIVDifference

Sharpe ratio

Return per unit of total volatility

2.28

1.17

+1.11

Sortino ratio

Return per unit of downside risk

2.87

1.65

+1.22

Omega ratio

Gain probability vs. loss probability

1.46

1.24

+0.22

Calmar ratio

Return relative to maximum drawdown

2.85

1.50

+1.35

Martin ratio

Return relative to average drawdown

14.23

5.52

+8.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ECOW vs. EDIV - Sharpe Ratio Comparison

The current ECOW Sharpe Ratio is 2.28, which is higher than the EDIV Sharpe Ratio of 1.17. The chart below compares the historical Sharpe Ratios of ECOW and EDIV, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ECOWEDIVDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.28

1.17

+1.11

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.39

0.77

-0.38

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.48

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.36

0.15

+0.20

Correlation

The correlation between ECOW and EDIV is 0.68, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ECOW vs. EDIV - Dividend Comparison

ECOW's dividend yield for the trailing twelve months is around 4.76%, more than EDIV's 4.71% yield.

TTM20252024202320222021202020192018201720162015
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%
EDIV
SPDR S&P Emerging Markets Dividend ETF		4.71%4.69%3.94%4.26%4.94%3.84%3.52%3.83%3.41%2.99%4.94%5.33%

Drawdowns

ECOW vs. EDIV - Drawdown Comparison

The maximum ECOW drawdown since its inception was -40.27%, smaller than the maximum EDIV drawdown of -53.36%. Use the drawdown chart below to compare losses from any high point for ECOW and EDIV.

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Drawdown Indicators

ECOWEDIVDifference

Max Drawdown

Largest peak-to-trough decline

-40.27%

-53.36%

+13.09%

Max Drawdown (1Y)

Largest decline over 1 year

-13.09%

-10.36%

-2.73%

Max Drawdown (5Y)

Largest decline over 5 years

-33.67%

-28.32%

-5.35%

Max Drawdown (10Y)

Largest decline over 10 years

—

-40.76%

—

Current Drawdown

Current decline from peak

-4.82%

-8.36%

+3.54%

Average Drawdown

Average peak-to-trough decline

-11.29%

-19.53%

+8.24%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.63%

2.82%

-0.19%

Volatility

ECOW vs. EDIV - Volatility Comparison

Pacer Emerging Markets Cash Cows 100 ETF (ECOW) has a higher volatility of 7.25% compared to SPDR S&P Emerging Markets Dividend ETF (EDIV) at 6.31%. This indicates that ECOW's price experiences larger fluctuations and is considered to be riskier than EDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ECOWEDIVDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.25%

6.31%

+0.94%

Volatility (6M)

Calculated over the trailing 6-month period

11.25%

9.12%

+2.13%

Volatility (1Y)

Calculated over the trailing 1-year period

16.60%

13.77%

+2.83%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.66%

13.81%

+3.85%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.26%

17.58%

+2.68%