EZA vs. ECOW
Compare and contrast key facts about iShares MSCI South Africa ETF (EZA) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).
EZA and ECOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. EZA is a passively managed fund by iShares that tracks the performance of the MSCI South Africa Index. It was launched on Feb 7, 2003. 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 EZA 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
EZA vs. ECOW - Performance Comparison
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EZA vs. ECOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
EZA iShares MSCI South Africa ETF | 0.03% | 75.20% | 7.16% | 1.51% | -5.18% | 7.91% | -5.19% | -1.81% |
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, EZA achieves a 0.03% return, which is significantly lower than ECOW's 9.27% return.
EZA
- 1D
- 1.50%
- 1M
- -13.87%
- YTD
- 0.03%
- 6M
- 12.10%
- 1Y
- 52.70%
- 3Y*
- 24.18%
- 5Y*
- 11.19%
- 10Y*
- 7.86%
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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EZA vs. ECOW - Expense Ratio Comparison
EZA has a 0.59% expense ratio, which is lower than ECOW's 0.70% expense ratio.
Return for Risk
EZA vs. ECOW — Risk / Return Rank
EZA
ECOW
EZA vs. ECOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI South Africa ETF (EZA) 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.
| EZA | ECOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.69 | 2.20 | -0.51 |
Sortino ratioReturn per unit of downside risk | 2.14 | 2.79 | -0.64 |
Omega ratioGain probability vs. loss probability | 1.30 | 1.44 | -0.14 |
Calmar ratioReturn relative to maximum drawdown | 2.26 | 2.87 | -0.62 |
Martin ratioReturn relative to average drawdown | 8.76 | 14.23 | -5.47 |
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
| EZA | ECOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.69 | 2.20 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.39 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.25 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.36 | -0.07 |
Correlation
The correlation between EZA and ECOW is 0.61, 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
EZA vs. ECOW - Dividend Comparison
EZA's dividend yield for the trailing twelve months is around 6.16%, more than ECOW's 4.76% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EZA iShares MSCI South Africa ETF | 6.16% | 6.16% | 7.26% | 2.84% | 3.90% | 2.05% | 5.51% | 12.27% | 3.81% | 1.55% | 4.10% | 3.03% |
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
EZA vs. ECOW - Drawdown Comparison
The maximum EZA drawdown since its inception was -64.64%, which is greater than ECOW's maximum drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for EZA and ECOW.
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Drawdown Indicators
| EZA | ECOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -64.64% | -40.27% | -24.37% |
Max Drawdown (1Y)Largest decline over 1 year | -23.31% | -12.76% | -10.55% |
Max Drawdown (5Y)Largest decline over 5 years | -34.94% | -33.67% | -1.27% |
Max Drawdown (10Y)Largest decline over 10 years | -62.25% | — | — |
Current DrawdownCurrent decline from peak | -15.66% | -4.84% | -10.82% |
Average DrawdownAverage peak-to-trough decline | -16.94% | -11.29% | -5.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.01% | 2.64% | +3.37% |
Volatility
EZA vs. ECOW - Volatility Comparison
iShares MSCI South Africa ETF (EZA) has a higher volatility of 13.33% compared to Pacer Emerging Markets Cash Cows 100 ETF (ECOW) at 6.59%. This indicates that EZA'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
| EZA | ECOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 13.33% | 6.59% | +6.74% |
Volatility (6M)Calculated over the trailing 6-month period | 25.11% | 11.24% | +13.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 31.40% | 16.60% | +14.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 28.33% | 17.66% | +10.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 31.31% | 20.25% | +11.06% |