EEMS vs. ECOW
Compare and contrast key facts about iShares MSCI Emerging Markets Small-Cap ETF (EEMS) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).
EEMS and ECOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EEMS is a passively managed fund by iShares that tracks the performance of the MSCI Emerging Markets Small Cap Index. It was launched on Aug 16, 2011. ECOW is a passively managed fund by Pacer that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019. Both EEMS and ECOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
EEMS vs. ECOW - Performance Comparison
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EEMS vs. ECOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 3.38% | 19.78% | 3.13% | 23.09% | -19.12% | 18.12% | 19.47% | 4.29% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 9.27% | 32.50% | 3.17% | 15.79% | -19.28% | 7.47% | -2.51% | 10.37% |
Returns By Period
In the year-to-date period, EEMS achieves a 3.38% return, which is significantly lower than ECOW's 9.27% return.
EEMS
- 1D
- 0.84%
- 1M
- -5.33%
- YTD
- 3.38%
- 6M
- 4.76%
- 1Y
- 27.44%
- 3Y*
- 14.64%
- 5Y*
- 6.60%
- 10Y*
- 8.19%
ECOW
- 1D
- -0.02%
- 1M
- -2.79%
- YTD
- 9.27%
- 6M
- 13.41%
- 1Y
- 36.29%
- 3Y*
- 18.70%
- 5Y*
- 6.92%
- 10Y*
- —
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EEMS vs. ECOW - Expense Ratio Comparison
EEMS has a 0.73% expense ratio, which is higher than ECOW's 0.70% expense ratio.
Return for Risk
EEMS vs. ECOW — Risk / Return Rank
EEMS
ECOW
EEMS vs. ECOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Emerging Markets Small-Cap ETF (EEMS) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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.
| EEMS | ECOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.56 | 2.20 | -0.64 |
Sortino ratioReturn per unit of downside risk | 2.09 | 2.79 | -0.69 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.68 | 2.87 | -0.19 |
Martin ratioReturn relative to average drawdown | 9.64 | 14.23 | -4.59 |
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
| EEMS | ECOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.56 | 2.20 | -0.64 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.42 | 0.39 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.36 | -0.07 |
Correlation
The correlation between EEMS and ECOW 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.
Dividends
EEMS vs. ECOW - Dividend Comparison
EEMS's dividend yield for the trailing twelve months is around 2.99%, less than ECOW's 4.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EEMS iShares MSCI Emerging Markets Small-Cap ETF | 2.99% | 3.09% | 2.60% | 2.69% | 0.89% | 3.56% | 2.14% | 2.64% | 3.06% | 2.47% | 2.51% | 2.33% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.76% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
EEMS vs. ECOW - Drawdown Comparison
The maximum EEMS drawdown since its inception was -48.89%, which is greater than ECOW's maximum drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for EEMS and ECOW.
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Drawdown Indicators
| EEMS | ECOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.89% | -40.27% | -8.62% |
Max Drawdown (1Y)Largest decline over 1 year | -10.99% | -12.76% | +1.77% |
Max Drawdown (5Y)Largest decline over 5 years | -27.07% | -33.67% | +6.60% |
Max Drawdown (10Y)Largest decline over 10 years | -48.89% | — | — |
Current DrawdownCurrent decline from peak | -7.86% | -4.84% | -3.02% |
Average DrawdownAverage peak-to-trough decline | -10.60% | -11.29% | +0.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.06% | 2.64% | +0.42% |
Volatility
EEMS vs. ECOW - Volatility Comparison
iShares MSCI Emerging Markets Small-Cap ETF (EEMS) has a higher volatility of 8.24% compared to Pacer Emerging Markets Cash Cows 100 ETF (ECOW) at 6.59%. This indicates that EEMS's price experiences larger fluctuations and is considered to be riskier than ECOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EEMS | ECOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.24% | 6.59% | +1.65% |
Volatility (6M)Calculated over the trailing 6-month period | 12.39% | 11.24% | +1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.74% | 16.60% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.69% | 17.66% | -1.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.79% | 20.25% | -2.46% |