ECOW vs. EQLT

Last updated Jul 17, 2026

ECOW (Pacer Emerging Markets Cash Cows 100 ETF) and EQLT (iShares MSCI Emerging Markets Quality Factor ETF) are both Emerging Markets Equities funds - ECOW tracks the Pacer Emerging Markets Cash Cows 100 Index while EQLT tracks the MSCI Emerging Markets Quality Factor Select Index. Both are passively managed. Over the past year, ECOW returned 30.43% vs 43.68% for EQLT. A 0.76 correlation means they provide meaningful diversification when combined. ECOW charges 0.70%/yr vs 0.35%/yr for EQLT.

Performance

ECOW vs. EQLT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ECOW achieves a 12.74% return, which is significantly lower than EQLT's 22.92% return.

ECOW

• 1D: 0.70%
• 1M: 1.60%
• 6M: 8.22%
• YTD: 12.74%
• 1Y: 30.43%
• 3Y*: 17.04%
• 5Y*: 7.05%
• 10Y*: —

EQLT

• 1D: -1.55%
• 1M: -7.15%
• 6M: 16.66%
• YTD: 22.92%
• 1Y: 43.68%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ECOW vs. EQLT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
ECOW Pacer Emerging Markets Cash Cows 100 ETF	12.74%	32.50%	-0.33%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	22.92%	33.93%	-1.29%

Correlation

The correlation between ECOW and EQLT is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (All Time) Calculated using the full available price history since Sep 6, 2024	0.76

The correlation between ECOW and EQLT has been stable across timeframes, ranging from 0.73 to 0.76 - a consistent structural relationship.

ECOW vs. EQLT - Sectors Allocation Comparison

Sectors	ECOW	EQLT
Consumer Cyclical	14.7%	10.1%
Consumer Defensive	13.1%	3.2%
Communication Services	12.8%	6.3%
Basic Materials	11.1%	6.8%
Industrials	9.3%	10.8%
Energy	8.6%	3.7%
Utilities	7.2%	1.9%
Technology	6.8%	36.1%
Healthcare	3.6%	2.6%
Financial Services	-	17.4%
Real Estate	-	1.2%

Return for Risk

ECOW vs. EQLT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ECOW

ECOW Risk / Return Rank: 78
ECOW Sharpe Ratio Rank: 81
ECOW Sortino Ratio Rank: 78
ECOW Omega Ratio Rank: 79
ECOW Calmar Ratio Rank: 85
ECOW Martin Ratio Rank: 70

EQLT

EQLT Risk / Return Rank: 76
EQLT Sharpe Ratio Rank: 74
EQLT Sortino Ratio Rank: 68
EQLT Omega Ratio Rank: 73
EQLT Calmar Ratio Rank: 84
EQLT Martin Ratio Rank: 82

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. EQLT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and iShares MSCI Emerging Markets Quality Factor ETF (EQLT). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	ECOW	EQLT	Difference
Sharpe ratio: Return per unit of total volatility	2.06	1.90	+0.16
Sortino ratio: Return per unit of downside risk	2.79	2.49	+0.30
Omega ratio: Gain probability vs. loss probability	1.37	1.34	+0.03
Calmar ratio: Return relative to maximum drawdown	3.66	3.66	0.00
Martin ratio: Return relative to average drawdown	9.98	12.48	-2.50

ECOW vs. EQLT - Sharpe Ratio Comparison

The current ECOW Sharpe Ratio is 2.06, which is comparable to the EQLT Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of ECOW and EQLT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ECOW vs. EQLT - Drawdown Comparison

The maximum ECOW drawdown since its inception was -40.27%, which is greater than EQLT's maximum drawdown of -17.38%. Use the drawdown chart below to compare losses from any high point for ECOW and EQLT.

Drawdown Indicators

	ECOW	EQLT	Difference
Max Drawdown Largest peak-to-trough decline	-40.27%	-17.38%	-22.89%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-12.00%	+3.65%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-33.30%	—	—
Current Drawdown Current decline from peak	-3.83%	-8.32%	+4.49%
Average Drawdown Average peak-to-trough decline	-10.98%	-3.69%	-7.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.06%	3.51%	-0.45%

Volatility

ECOW vs. EQLT - Volatility Comparison

The current volatility for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) is 4.23%, while iShares MSCI Emerging Markets Quality Factor ETF (EQLT) has a volatility of 6.94%. This indicates that ECOW experiences smaller price fluctuations and is considered to be less risky than EQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECOW	EQLT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.23%	6.94%	-2.71%
Volatility (6M) Calculated over the trailing 6-month period	12.07%	21.04%	-8.97%
Volatility (1Y) Calculated over the trailing 1-year period	14.85%	23.11%	-8.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.78%	21.29%	-3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.08%	21.29%	-1.21%

ECOW vs. EQLT - Expense Ratio Comparison

ECOW has a 0.70% expense ratio, which is higher than EQLT's 0.35% expense ratio.

Dividends

ECOW vs. EQLT - Dividend Comparison

ECOW's dividend yield for the trailing twelve months is around 4.45%, more than EQLT's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ECOW Pacer Emerging Markets Cash Cows 100 ETF	4.45%	5.20%	7.35%	5.46%	7.50%	4.39%	3.35%	8.08%
EQLT iShares MSCI Emerging Markets Quality Factor ETF	2.85%	3.10%	0.51%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ECOW and EQLT in my portfolio?

ECOW and EQLT have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ECOW or EQLT?

EQLT has higher volatility (6.94%) compared to ECOW (4.23%). In terms of maximum drawdown, ECOW dropped -40.27% vs EQLT's -17.38%.

Which ETF is better, ECOW or EQLT?

On 1-year performance, EQLT leads with 43.68% vs 30.43% for ECOW. On fees, EQLT is cheaper at 0.35% per year. On volatility, ECOW has been the lower-risk option at 4.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ECOW or EQLT?

Over the 1-year period, EQLT has performed better with a 43.68% return vs 30.43%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ECOW or EQLT?

EQLT is cheaper with a 0.35% expense ratio, compared with 0.70% for ECOW.

Which ETF pays a higher dividend yield, ECOW or EQLT?

ECOW has the higher dividend yield at 4.45%, compared with 2.85% for EQLT.

What is the main difference between ECOW and EQLT?

ECOW tracks Pacer Emerging Markets Cash Cows 100 Index, while EQLT tracks MSCI Emerging Markets Quality Factor Select Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.70% for ECOW and 0.35% for EQLT.

Which has better risk-adjusted returns?

ECOW currently has the higher Sharpe Ratio (2.06 vs 1.90), 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.