ECOW vs. FEDDX
Compare and contrast key facts about Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Fidelity Emerging Markets Discovery Fund (FEDDX).
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. FEDDX is managed by Fidelity. It was launched on Nov 1, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ECOW or FEDDX.
Key characteristics
| ECOW | FEDDX | |
|---|---|---|
| YTD Return | 5.20% | 2.31% |
| 1Y Return | 16.90% | 15.80% |
| 3Y Return (Ann) | -1.16% | 2.61% |
| Sharpe Ratio | 1.12 | 1.28 |
| Daily Std Dev | 15.36% | 12.61% |
| Max Drawdown | -40.27% | -42.95% |
| Current Drawdown | -8.57% | 0.00% |
Correlation
The correlation between ECOW and FEDDX is 0.67, 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.
Performance
ECOW vs. FEDDX - Performance Comparison
In the year-to-date period, ECOW achieves a 5.20% return, which is significantly higher than FEDDX's 2.31% 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. FEDDX - Expense Ratio Comparison
ECOW has a 0.70% expense ratio, which is lower than FEDDX's 1.19% expense ratio.
Risk-Adjusted Performance
ECOW vs. FEDDX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Fidelity Emerging Markets Discovery Fund (FEDDX). 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. FEDDX - Dividend Comparison
ECOW's dividend yield for the trailing twelve months is around 5.06%, more than FEDDX's 2.00% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 5.06% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
FEDDX Fidelity Emerging Markets Discovery Fund | 2.00% | 2.05% | 1.69% | 11.90% | 0.59% | 1.05% | 1.88% | 2.24% | 1.36% | 0.81% | 0.00% | 3.87% |
Drawdowns
ECOW vs. FEDDX - Drawdown Comparison
The maximum ECOW drawdown since its inception was -40.27%, smaller than the maximum FEDDX drawdown of -42.95%. Use the drawdown chart below to compare losses from any high point for ECOW and FEDDX. For additional features, visit the drawdowns tool.
Volatility
ECOW vs. FEDDX - Volatility Comparison
Pacer Emerging Markets Cash Cows 100 ETF (ECOW) has a higher volatility of 4.99% compared to Fidelity Emerging Markets Discovery Fund (FEDDX) at 4.20%. This indicates that ECOW's price experiences larger fluctuations and is considered to be riskier than FEDDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.