ECOW vs. TDEC
ECOW (Pacer Emerging Markets Cash Cows 100 ETF) and TDEC (FT Vest Emerging Markets Buffer ETF - December) are both exchange-traded funds - ECOW is a Emerging Markets Equities fund tracking the Pacer Emerging Markets Cash Cows 100 Index, while TDEC is a Defined Outcome fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past year, ECOW returned 29.31% vs 18.15% for TDEC. Their 0.75 correlation means they have sometimes moved together and sometimes differently. ECOW charges 0.70%/yr vs 0.95%/yr for TDEC.
Performance
ECOW vs. TDEC - Performance Comparison
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Returns By Period
In the year-to-date period, ECOW achieves a 13.04% return, which is significantly higher than TDEC's 8.27% return.
ECOW
- 1D
- -0.60%
- 1M
- 3.22%
- 6M
- 5.35%
- YTD
- 13.04%
- 1Y
- 29.31%
- 3Y*
- 16.24%
- 5Y*
- 7.26%
- 10Y*
- —
- ALL TIME*
- 7.35%
TDEC
- 1D
- 0.45%
- 1M
- 0.74%
- 6M
- 4.07%
- YTD
- 8.27%
- 1Y
- 18.15%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.05%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $617.95K | $706.50K | $1.39M | |
| $55.89K | $75.20K | $190.42K |
ECOW vs. TDEC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 13.04% | 32.50% | -1.27% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 8.27% | 21.39% | -0.75% |
Correlation
The correlation between ECOW and TDEC is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2024 | 0.75 |
The correlation between ECOW and TDEC has been stable across timeframes, ranging from 0.73 to 0.75 - a consistent structural relationship.
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Return for Risk
ECOW vs. TDEC — Risk / Return Rank
ECOW
TDEC
ECOW vs. TDEC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and FT Vest Emerging Markets Buffer ETF - December (TDEC). 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 | TDEC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.42 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.56 | 2.16 | +1.40 |
| Martin ratioReturn relative to average drawdown | 9.38 | 8.78 | +0.61 |
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Drawdowns
ECOW vs. TDEC - Drawdown Comparison
The maximum ECOW drawdown since its inception was -40.27%, which is greater than TDEC's maximum drawdown of -10.30%. Use the drawdown chart below to compare losses from any high point for ECOW and TDEC.
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Drawdown Indicators
| ECOW | TDEC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.27% | -10.30% | -29.97% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -8.16% | -0.19% |
Max Drawdown (3Y)Largest decline over 3 years | -18.77% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -33.30% | — | — |
Current DrawdownCurrent decline from peak | -3.58% | -1.58% | -2.00% |
Average DrawdownAverage peak-to-trough decline | -10.94% | -1.12% | -9.82% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.01% | +1.15% |
Volatility
ECOW vs. TDEC - Volatility Comparison
Pacer Emerging Markets Cash Cows 100 ETF (ECOW) and FT Vest Emerging Markets Buffer ETF - December (TDEC) have volatilities of 3.51% and 3.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ECOW | TDEC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.54% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 10.30% | +1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 11.07% | +3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.73% | 11.98% | +5.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.04% | 11.98% | +8.06% |
ECOW vs. TDEC - Expense Ratio Comparison
ECOW has a 0.70% expense ratio, which is lower than TDEC's 0.95% expense ratio.
Dividends
ECOW vs. TDEC - Dividend Comparison
ECOW's dividend yield for the trailing twelve months is around 4.44%, while TDEC has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.44% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% |
TDEC FT Vest Emerging Markets Buffer ETF - December | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ECOW and TDEC 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.
TDEC has higher volatility (3.54%) compared to ECOW (3.51%). In terms of maximum drawdown, ECOW dropped -40.27% vs TDEC's -10.30%.
On 1-year performance, ECOW leads with 29.31% vs 18.15% for TDEC. On fees, ECOW is cheaper at 0.70% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, ECOW has performed better with a 29.31% return vs 18.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ECOW is cheaper with a 0.70% expense ratio, compared with 0.95% for TDEC.
ECOW has the higher dividend yield at 4.44%, compared with 0.00% for TDEC.
ECOW is categorized as Emerging Markets Equities, while TDEC is Defined Outcome. ECOW tracks Pacer Emerging Markets Cash Cows 100 Index, while TDEC tracks MSCI Emerging Markets. They also come from different issuers: Pacer and FT Vest. Their fees differ too: 0.70% for ECOW and 0.95% for TDEC.
ECOW currently has the higher Sharpe Ratio (2.02 vs 1.59), 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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