ECOW vs. EVLU
ECOW (Pacer Emerging Markets Cash Cows 100 ETF) and EVLU (iShares MSCI Emerging Markets Value Factor ETF) are both Emerging Markets Equities funds - ECOW tracks the Pacer Emerging Markets Cash Cows 100 Index while EVLU tracks the MSCI Emerging Markets Value Factor Select Index (Net). Both are passively managed. Over the past year, ECOW returned 35.35% vs 72.04% for EVLU. A 0.78 correlation means they provide meaningful diversification when combined. ECOW charges 0.70%/yr vs 0.35%/yr for EVLU.
Performance
ECOW vs. EVLU - Performance Comparison
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Returns By Period
In the year-to-date period, ECOW achieves a 13.10% return, which is significantly lower than EVLU's 34.01% return.
ECOW
- 1D
- -1.50%
- 1M
- -0.42%
- YTD
- 13.10%
- 6M
- 12.29%
- 1Y
- 35.35%
- 3Y*
- 19.90%
- 5Y*
- 6.12%
- 10Y*
- —
EVLU
- 1D
- -2.27%
- 1M
- 15.31%
- YTD
- 34.01%
- 6M
- 37.37%
- 1Y
- 72.04%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ECOW vs. EVLU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 13.10% | 32.50% | 1.05% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 34.01% | 38.54% | 1.61% |
Correlation
The correlation between ECOW and EVLU 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 9, 2024 | 0.78 |
The correlation between ECOW and EVLU has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
ECOW vs. EVLU — Risk / Return Rank
ECOW
EVLU
ECOW vs. EVLU - 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 Value Factor ETF (EVLU). 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.
| ECOW | EVLU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.46 | 1.67 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 5.61 | -1.36 |
| Martin ratioReturn relative to average drawdown | 15.39 | 20.79 | -5.40 |
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
| ECOW | EVLU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.50 | 3.80 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 2.23 | -1.86 |
Drawdowns
ECOW vs. EVLU - Drawdown Comparison
The maximum ECOW drawdown since its inception was -40.27%, which is greater than EVLU's maximum drawdown of -17.17%. Use the drawdown chart below to compare losses from any high point for ECOW and EVLU.
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Drawdown Indicators
| ECOW | EVLU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -17.17% | -23.10% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -12.90% | +4.55% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.67% | — | — |
Current DrawdownCurrent decline from peak | -3.53% | -2.27% | -1.26% |
Average DrawdownAverage peak-to-trough decline | -11.07% | -3.48% | -7.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 3.48% | -1.18% |
Volatility
ECOW vs. EVLU - Volatility Comparison
The current volatility for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) is 4.66%, while iShares MSCI Emerging Markets Value Factor ETF (EVLU) has a volatility of 9.17%. This indicates that ECOW experiences smaller price fluctuations and is considered to be less risky than EVLU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECOW | EVLU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 9.17% | -4.51% |
Volatility (6M)Calculated over the trailing 6-month period | 10.88% | 16.23% | -5.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.19% | 19.04% | -4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.65% | 19.93% | -2.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.13% | 19.93% | +0.20% |
ECOW vs. EVLU - Expense Ratio Comparison
ECOW has a 0.70% expense ratio, which is higher than EVLU's 0.35% expense ratio.
Dividends
ECOW vs. EVLU - Dividend Comparison
ECOW's dividend yield for the trailing twelve months is around 4.60%, more than EVLU's 3.88% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.60% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% |
EVLU iShares MSCI Emerging Markets Value Factor ETF | 3.88% | 5.20% | 1.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECOW and EVLU 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.
EVLU has higher volatility (9.17%) compared to ECOW (4.66%). In terms of maximum drawdown, ECOW dropped -40.27% vs EVLU's -17.17%.
On 1-year performance, EVLU leads with 72.04% vs 35.35% for ECOW. On fees, EVLU is cheaper at 0.35% per year. On volatility, ECOW has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, EVLU has performed better with a 72.04% return vs 35.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EVLU is cheaper with a 0.35% expense ratio, compared with 0.70% for ECOW.
ECOW has the higher dividend yield at 4.60%, compared with 3.88% for EVLU.
ECOW tracks Pacer Emerging Markets Cash Cows 100 Index, while EVLU tracks MSCI Emerging Markets Value Factor Select Index (Net). They also come from different issuers: Pacer and iShares. Their fees differ too: 0.70% for ECOW and 0.35% for EVLU.
EVLU currently has the higher Sharpe Ratio (3.80 vs 2.50), 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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