ECOW vs. QDPL

Last updated Jun 4, 2026

ECOW (Pacer Emerging Markets Cash Cows 100 ETF) and QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) are both exchange-traded funds - ECOW is a Emerging Markets Equities fund tracking the Pacer Emerging Markets Cash Cows 100 Index, while QDPL is a Large Cap Blend Equities fund actively managed by Pacer. ECOW is passively managed, while QDPL is actively managed. Over the past 3 years, ECOW returned 19.90%/yr vs 20.64%/yr for QDPL. A 0.50 correlation means they provide meaningful diversification when combined. ECOW charges 0.70%/yr vs 0.60%/yr for QDPL.

Performance

ECOW vs. QDPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ECOW achieves a 13.10% return, which is significantly higher than QDPL's 10.40% return.

ECOW

• 1D: -1.50%
• 1M: -0.42%
• YTD: 13.10%
• 6M: 12.29%
• 1Y: 35.35%
• 3Y*: 19.90%
• 5Y*: 6.12%
• 10Y*: —

QDPL

• 1D: -0.65%
• 1M: 5.23%
• YTD: 10.40%
• 6M: 10.54%
• 1Y: 26.37%
• 3Y*: 20.64%
• 5Y*: —
• 10Y*: —

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

ECOW vs. QDPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
ECOW Pacer Emerging Markets Cash Cows 100 ETF	13.10%	32.50%	3.17%	15.79%	-19.28%	-2.49%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	10.40%	16.52%	22.83%	23.66%	-16.25%	8.32%

Correlation

The correlation between ECOW and QDPL is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (All Time) Calculated using the full available price history since Jul 14, 2021	0.50

The correlation between ECOW and QDPL has been stable across timeframes, ranging from 0.50 to 0.60 - a consistent structural relationship.

ECOW vs. QDPL - Sectors Allocation Comparison

Sectors	ECOW	QDPL
Communication Services	18.4%	8.5%
Energy	16.1%	2.4%
Industrials	15.5%	6.3%
Consumer Cyclical	12.5%	8.4%
Technology	9.8%	27.6%
Basic Materials	9.6%	1.4%
Consumer Defensive	8.5%	4.0%
Utilities	7.9%	2.1%
Healthcare	1.6%	7.6%
Financial Services	-	10.3%
Real Estate	-	1.5%

Return for Risk

ECOW vs. QDPL — Risk / Return Rank

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

ECOW

ECOW Risk / Return Rank: 77
ECOW Sharpe Ratio Rank: 76
ECOW Sortino Ratio Rank: 72
ECOW Omega Ratio Rank: 76
ECOW Calmar Ratio Rank: 81
ECOW Martin Ratio Rank: 79

QDPL

QDPL Risk / Return Rank: 67
QDPL Sharpe Ratio Rank: 66
QDPL Sortino Ratio Rank: 66
QDPL Omega Ratio Rank: 66
QDPL Calmar Ratio Rank: 61
QDPL Martin Ratio Rank: 75

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. QDPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL). 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	QDPL	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.23	+0.27
Sortino ratio: Return per unit of downside risk	3.30	3.11	+0.19
Omega ratio: Gain probability vs. loss probability	1.46	1.41	+0.05
Calmar ratio: Return relative to maximum drawdown	4.25	3.06	+1.19
Martin ratio: Return relative to average drawdown	15.39	14.37	+1.01
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. QDPL - Sharpe Ratio Comparison

The current ECOW Sharpe Ratio is 2.50, which is comparable to the QDPL Sharpe Ratio of 2.23. The chart below compares the historical Sharpe Ratios of ECOW and QDPL, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ECOW	QDPL	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.23	+0.27
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	0.83	-0.46

Drawdowns

ECOW vs. QDPL - Drawdown Comparison

The maximum ECOW drawdown since its inception was -40.27%, which is greater than QDPL's maximum drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for ECOW and QDPL.

Drawdown Indicators

	ECOW	QDPL	Difference
Max Drawdown Largest peak-to-trough decline	-40.27%	-22.59%	-17.68%
Max Drawdown (1Y) Largest decline over 1 year	-8.35%	-8.65%	+0.30%
Max Drawdown (3Y) Largest decline over 3 years	-18.77%	-17.75%	-1.02%
Max Drawdown (5Y) Largest decline over 5 years	-33.67%	—	—
Current Drawdown Current decline from peak	-3.53%	-0.65%	-2.88%
Average Drawdown Average peak-to-trough decline	-11.07%	-5.14%	-5.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.30%	1.84%	+0.46%

Volatility

ECOW vs. QDPL - Volatility Comparison

Pacer Emerging Markets Cash Cows 100 ETF (ECOW) has a higher volatility of 4.66% compared to Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) at 2.69%. This indicates that ECOW's price experiences larger fluctuations and is considered to be riskier than QDPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ECOW	QDPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.66%	2.69%	+1.97%
Volatility (6M) Calculated over the trailing 6-month period	10.88%	9.00%	+1.88%
Volatility (1Y) Calculated over the trailing 1-year period	14.19%	11.89%	+2.30%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.65%	15.01%	+2.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.13%	15.01%	+5.12%

ECOW vs. QDPL - Expense Ratio Comparison

ECOW has a 0.70% expense ratio, which is higher than QDPL's 0.60% expense ratio.

Dividends

ECOW vs. QDPL - Dividend Comparison

ECOW's dividend yield for the trailing twelve months is around 4.60%, less than QDPL's 5.05% 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%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	5.05%	4.84%	5.43%	6.30%	7.27%	2.44%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ECOW and QDPL in my portfolio?

ECOW and QDPL have a correlation of 0.60, 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 QDPL?

ECOW has higher volatility (4.66%) compared to QDPL (2.69%). In terms of maximum drawdown, ECOW dropped -40.27% vs QDPL's -22.59%.

Which ETF is better, ECOW or QDPL?

On 3-year performance, QDPL leads with 20.64% vs 19.90% for ECOW. On fees, QDPL is cheaper at 0.60% per year. On volatility, QDPL has been the lower-risk option at 2.69%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ECOW or QDPL?

Over the 3-year period, QDPL has performed better with a 20.64% return vs 19.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ECOW or QDPL?

QDPL is cheaper with a 0.60% expense ratio, compared with 0.70% for ECOW.

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

QDPL has the higher dividend yield at 5.05%, compared with 4.60% for ECOW.

What is the main difference between ECOW and QDPL?

ECOW is categorized as Emerging Markets Equities, while QDPL is Large Cap Blend Equities. Their fees differ too: 0.70% for ECOW and 0.60% for QDPL.

Which has better risk-adjusted returns?

ECOW currently has the higher Sharpe Ratio (2.50 vs 2.23), 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.