FCVT vs. COWZ
Compare and contrast key facts about First Trust SSI Strategic Convertible Securities ETF (FCVT) and Pacer US Cash Cows 100 ETF (COWZ).
FCVT and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FCVT is an actively managed fund by First Trust. It was launched on Nov 4, 2015. COWZ is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FCVT or COWZ.
Key characteristics
| FCVT | COWZ | |
|---|---|---|
| YTD Return | 13.66% | 16.47% |
| 1Y Return | 26.28% | 25.84% |
| 3Y Return (Ann) | -2.88% | 10.24% |
| 5Y Return (Ann) | 9.68% | 16.92% |
| Sharpe Ratio | 2.60 | 1.88 |
| Sortino Ratio | 3.60 | 2.72 |
| Omega Ratio | 1.48 | 1.33 |
| Calmar Ratio | 0.87 | 3.40 |
| Martin Ratio | 14.88 | 8.07 |
| Ulcer Index | 1.75% | 3.19% |
| Daily Std Dev | 10.00% | 13.70% |
| Max Drawdown | -31.79% | -38.63% |
| Current Drawdown | -11.54% | -0.93% |
Correlation
The correlation between FCVT and COWZ 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.
Performance
FCVT vs. COWZ - Performance Comparison
In the year-to-date period, FCVT achieves a 13.66% return, which is significantly lower than COWZ's 16.47% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FCVT vs. COWZ - Expense Ratio Comparison
FCVT has a 0.95% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
FCVT vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust SSI Strategic Convertible Securities ETF (FCVT) 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.
Dividends
FCVT vs. COWZ - Dividend Comparison
FCVT's dividend yield for the trailing twelve months is around 1.57%, less than COWZ's 1.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
FCVT First Trust SSI Strategic Convertible Securities ETF | 1.57% | 1.76% | 3.71% | 23.07% | 1.72% | 1.60% | 1.85% | 2.18% | 1.88% | 0.59% |
COWZ Pacer US Cash Cows 100 ETF | 1.83% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% | 0.00% |
Drawdowns
FCVT vs. COWZ - Drawdown Comparison
The maximum FCVT drawdown since its inception was -31.79%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for FCVT and COWZ. For additional features, visit the drawdowns tool.
Volatility
FCVT vs. COWZ - Volatility Comparison
The current volatility for First Trust SSI Strategic Convertible Securities ETF (FCVT) is 3.15%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 4.08%. This indicates that FCVT experiences smaller price fluctuations and is considered to be less risky than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.