EQRR vs. COWZ

Last updated Jun 4, 2026

EQRR (ProShares Equities for Rising Rates ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both Mid Cap Value Equities funds - EQRR tracks the Nasdaq US Large Cap Equity Rising Rates Index while COWZ tracks the Pacer US Cash Cows 100 Index. Both are passively managed. Over the past 5 years, EQRR returned 12.33%/yr vs 10.57%/yr for COWZ. A 0.74 correlation means they provide meaningful diversification when combined. EQRR charges 0.35%/yr vs 0.49%/yr for COWZ.

Performance

EQRR vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in ProShares Equities for Rising Rates ETF (EQRR) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, EQRR achieves a 27.33% return, which is significantly higher than COWZ's 8.18% return.

EQRR

• 1D: -0.58%
• 1M: 8.10%
• YTD: 27.33%
• 6M: 27.15%
• 1Y: 41.70%
• 3Y*: 22.28%
• 5Y*: 12.33%
• 10Y*: —

COWZ

• 1D: -0.34%
• 1M: 2.61%
• YTD: 8.18%
• 6M: 9.03%
• 1Y: 22.23%
• 3Y*: 14.44%
• 5Y*: 10.57%
• 10Y*: —

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

EQRR vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
EQRR ProShares Equities for Rising Rates ETF	27.33%	15.49%	7.69%	9.19%	2.20%	36.11%	-10.14%	19.57%	-18.60%	15.64%
COWZ Pacer US Cash Cows 100 ETF	8.18%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	23.41%	-10.05%	10.36%

Correlation

The correlation between EQRR and COWZ 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 (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jul 26, 2017	0.74

The correlation between EQRR and COWZ shifts across timeframes, from 0.73 (1 year) to 0.85 (3 years), reflecting how their relationship changes across market environments.

EQRR vs. COWZ - Sectors Allocation Comparison

Sectors	EQRR	COWZ
Technology	32.1%	16.0%
Energy	26.8%	16.9%
Financial Services	20.5%	-
Communication Services	11.7%	10.4%
Consumer Cyclical	4.8%	11.7%
Industrials	4.2%	8.4%
Basic Materials	-	3.7%
Consumer Defensive	-	10.9%
Healthcare	-	21.8%
Real Estate	-	-
Utilities	-	-

Return for Risk

EQRR vs. COWZ — Risk / Return Rank

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

EQRR

EQRR Risk / Return Rank: 91
EQRR Sharpe Ratio Rank: 90
EQRR Sortino Ratio Rank: 89
EQRR Omega Ratio Rank: 88
EQRR Calmar Ratio Rank: 95
EQRR Martin Ratio Rank: 95

COWZ

COWZ Risk / Return Rank: 65
COWZ Sharpe Ratio Rank: 59
COWZ Sortino Ratio Rank: 62
COWZ Omega Ratio Rank: 57
COWZ Calmar Ratio Rank: 83
COWZ Martin Ratio Rank: 65

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.

EQRR vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for ProShares Equities for Rising Rates ETF (EQRR) and Pacer US Cash Cows 100 ETF (COWZ). 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.

	EQRR	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	3.11	2.02	+1.10
Sortino ratio: Return per unit of downside risk	4.10	2.98	+1.12
Omega ratio: Gain probability vs. loss probability	1.56	1.36	+0.20
Calmar ratio: Return relative to maximum drawdown	8.47	4.46	+4.00
Martin ratio: Return relative to average drawdown	31.54	12.19	+19.35
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQRR vs. COWZ - Sharpe Ratio Comparison

The current EQRR Sharpe Ratio is 3.11, which is higher than the COWZ Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of EQRR and COWZ, 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

	EQRR	COWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.11	2.02	+1.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.60	-0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.65	-0.22

Drawdowns

EQRR vs. COWZ - Drawdown Comparison

The maximum EQRR drawdown since its inception was -57.93%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for EQRR and COWZ.

Drawdown Indicators

	EQRR	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-57.93%	-38.63%	-19.30%
Max Drawdown (1Y) Largest decline over 1 year	-4.95%	-5.00%	+0.05%
Max Drawdown (3Y) Largest decline over 3 years	-17.75%	-22.00%	+4.25%
Max Drawdown (5Y) Largest decline over 5 years	-21.75%	-22.00%	+0.25%
Current Drawdown Current decline from peak	-0.58%	-0.91%	+0.33%
Average Drawdown Average peak-to-trough decline	-10.08%	-4.81%	-5.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.33%	1.83%	-0.50%

Volatility

EQRR vs. COWZ - Volatility Comparison

ProShares Equities for Rising Rates ETF (EQRR) has a higher volatility of 4.72% compared to Pacer US Cash Cows 100 ETF (COWZ) at 2.56%. This indicates that EQRR's price experiences larger fluctuations and is considered to be riskier than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	EQRR	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.72%	2.56%	+2.16%
Volatility (6M) Calculated over the trailing 6-month period	10.35%	7.12%	+3.23%
Volatility (1Y) Calculated over the trailing 1-year period	13.50%	11.13%	+2.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.39%	17.63%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.87%	19.93%	+4.94%

EQRR vs. COWZ - Expense Ratio Comparison

EQRR has a 0.35% expense ratio, which is lower than COWZ's 0.49% expense ratio.

Dividends

EQRR vs. COWZ - Dividend Comparison

EQRR's dividend yield for the trailing twelve months is around 1.20%, less than COWZ's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	1.99%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
EQRR ProShares Equities for Rising Rates ETF	1.20%	1.70%	2.17%	2.77%	2.34%	1.71%	2.17%	2.05%	2.47%	0.69%	0.00%

Frequently Asked Questions

Can I hold both EQRR and COWZ in my portfolio?

EQRR and COWZ 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.

Which is riskier, EQRR or COWZ?

EQRR has higher volatility (4.72%) compared to COWZ (2.56%). In terms of maximum drawdown, EQRR dropped -57.93% vs COWZ's -38.63%.

Which ETF is better, EQRR or COWZ?

On 5-year performance, EQRR leads with 12.33% vs 10.57% for COWZ. On fees, EQRR is cheaper at 0.35% per year. On volatility, COWZ has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQRR or COWZ?

Over the 5-year period, EQRR has performed better with a 12.33% return vs 10.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQRR or COWZ?

EQRR is cheaper with a 0.35% expense ratio, compared with 0.49% for COWZ.

Which ETF pays a higher dividend yield, EQRR or COWZ?

COWZ has the higher dividend yield at 1.99%, compared with 1.20% for EQRR.

What is the main difference between EQRR and COWZ?

EQRR tracks Nasdaq US Large Cap Equity Rising Rates Index, while COWZ tracks Pacer US Cash Cows 100 Index. They also come from different issuers: ProShares and Pacer. Their fees differ too: 0.35% for EQRR and 0.49% for COWZ.

Which has better risk-adjusted returns?

EQRR currently has the higher Sharpe Ratio (3.11 vs 2.02), 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.