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FOWF vs. EVX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

FOWF vs. EVX

Last updated Apr 17, 2026

FOWF (Pacer Solactive Whitney Future of Warfare ETF) and EVX (VanEck Vectors Environmental Services ETF) are both Industrials Equities funds — FOWF tracks the Solactive Whitney Future of Warfare Index while EVX tracks the NYSE Arca Environmental Services Index. Both are passively managed. Over the past year, FOWF returned 37.08% vs 15.90% for EVX. A 0.64 correlation means they provide meaningful diversification when combined. FOWF charges 0.49%/yr vs 0.55%/yr for EVX.

Performance

FOWF vs. EVX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Solactive Whitney Future of Warfare ETF (FOWF) and VanEck Vectors Environmental Services ETF (EVX). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, FOWF achieves a 8.81% return, which is significantly higher than EVX's 4.27% return.

FOWF

1D
-0.22%
1M
0.23%
YTD
8.81%
6M
10.69%
1Y
37.08%
3Y*
—
5Y*
—
10Y*
—

EVX

1D
0.59%
1M
2.87%
YTD
4.27%
6M
3.61%
1Y
15.90%
3Y*
12.48%
5Y*
8.25%
10Y*
12.35%
*Multi-year figures are annualized to reflect compound growth (CAGR)

FOWF vs. EVX - Yearly Performance Comparison

2026 (YTD)20252024
FOWF
Pacer Solactive Whitney Future of Warfare ETF		8.81%29.15%0.39%
EVX
VanEck Vectors Environmental Services ETF		4.27%11.72%-1.15%

Correlation

The correlation between FOWF and EVX is 0.59, 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

0.59

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2024

0.64

The correlation between FOWF and EVX has been stable across timeframes, ranging from 0.59 to 0.64 — a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Pacer Solactive Whitney Future of Warfare ETF

VanEck Vectors Environmental Services ETF

Often compared with FOWF:
FOWF vs. IGFFOWF vs. MADEFOWF vs. PSCIFOWF vs. CALFFOWF vs. COWZFOWF vs. ICOWFOWF vs. IFRA
Often compared with EVX:
EVX vs. PHOEVX vs. VOOEVX vs. ^DJTEVX vs. EPUEVX vs. AQWAEVX vs. AVGOEVX vs. CLH

Return for Risk

FOWF vs. EVX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
FOWF
FOWF Risk / Return Rank: 7272
Overall Rank
FOWF Sharpe Ratio Rank: 7777
Sharpe Ratio Rank
FOWF Sortino Ratio Rank: 8181
Sortino Ratio Rank
FOWF Omega Ratio Rank: 7272
Omega Ratio Rank
FOWF Calmar Ratio Rank: 6464
Calmar Ratio Rank
FOWF Martin Ratio Rank: 6666
Martin Ratio Rank
EVX
EVX Risk / Return Rank: 2222
Overall Rank
EVX Sharpe Ratio Rank: 2323
Sharpe Ratio Rank
EVX Sortino Ratio Rank: 2222
Sortino Ratio Rank
EVX Omega Ratio Rank: 2222
Omega Ratio Rank
EVX Calmar Ratio Rank: 2323
Calmar Ratio Rank
EVX Martin Ratio Rank: 2222
Martin Ratio Rank
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.

FOWF vs. EVX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Solactive Whitney Future of Warfare ETF (FOWF) and VanEck Vectors Environmental Services ETF (EVX). 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.

FOWFEVXDifference

Sharpe ratio

Return per unit of total volatility

2.77

1.16

+1.61

Sortino ratio

Return per unit of downside risk

4.02

1.65

+2.37

Omega ratio

Gain probability vs. loss probability

1.48

1.20

+0.28

Calmar ratio

Return relative to maximum drawdown

3.62

1.49

+2.13

Martin ratio

Return relative to average drawdown

13.92

4.14

+9.77

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FOWF vs. EVX - Sharpe Ratio Comparison

The current FOWF Sharpe Ratio is 2.77, which is higher than the EVX Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of FOWF and EVX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

FOWFEVXDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.77

1.16

+1.61

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

—

0.47

—

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.61

—

Sharpe Ratio (All Time)

Calculated using the full available price history

1.77

0.43

+1.34

Drawdowns

FOWF vs. EVX - Drawdown Comparison

The maximum FOWF drawdown since its inception was -12.29%, smaller than the maximum EVX drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for FOWF and EVX.

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Drawdown Indicators

FOWFEVXDifference

Max Drawdown

Largest peak-to-trough decline

-12.29%

-55.91%

+43.62%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-10.85%

+0.77%

Max Drawdown (5Y)

Largest decline over 5 years

—

-21.45%

—

Max Drawdown (10Y)

Largest decline over 10 years

—

-41.01%

—

Current Drawdown

Current decline from peak

-3.37%

-5.80%

+2.43%

Average Drawdown

Average peak-to-trough decline

-1.80%

-8.77%

+6.97%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.62%

3.89%

-1.27%

Volatility

FOWF vs. EVX - Volatility Comparison

Pacer Solactive Whitney Future of Warfare ETF (FOWF) has a higher volatility of 6.53% compared to VanEck Vectors Environmental Services ETF (EVX) at 4.96%. This indicates that FOWF's price experiences larger fluctuations and is considered to be riskier than EVX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

FOWFEVXDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.53%

4.96%

+1.57%

Volatility (6M)

Calculated over the trailing 6-month period

11.06%

10.55%

+0.51%

Volatility (1Y)

Calculated over the trailing 1-year period

13.54%

13.80%

-0.26%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.99%

17.67%

-0.68%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

16.99%

20.23%

-3.24%

FOWF vs. EVX - Expense Ratio Comparison

FOWF has a 0.49% expense ratio, which is lower than EVX's 0.55% expense ratio.

Dividends

FOWF vs. EVX - Dividend Comparison

FOWF's dividend yield for the trailing twelve months is around 0.73%, more than EVX's 0.18% yield.

TTM20252024202320222021202020192018201720162015
FOWF
Pacer Solactive Whitney Future of Warfare ETF		0.73%0.79%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
EVX
VanEck Vectors Environmental Services ETF		0.18%0.19%0.46%0.95%0.41%0.24%0.32%0.38%0.38%0.89%0.70%1.16%