FOWF vs. IVEP

Last updated Jun 4, 2026

FOWF (Pacer Solactive Whitney Future of Warfare ETF) and IVEP (Dan IVES Wedbush AI Power & Infrastructure ETF) are both Industrials Equities funds - FOWF tracks the Solactive Whitney Future of Warfare Index while IVEP tracks the Solactive Wedbush AI Power & Infrastructure Index. Both are passively managed. At a 0.26 correlation, their price movements are largely independent. FOWF charges 0.49%/yr vs 0.75%/yr for IVEP.

Performance

FOWF vs. IVEP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Solactive Whitney Future of Warfare ETF (FOWF) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

FOWF

• 1D: -1.88%
• 1M: 3.45%
• YTD: 9.44%
• 6M: 12.30%
• 1Y: 22.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

IVEP

• 1D: -0.87%
• 1M: -1.63%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

FOWF vs. IVEP - Yearly Performance Comparison

	2026 (YTD)
FOWF Pacer Solactive Whitney Future of Warfare ETF	0.48%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	8.37%

Correlation

The correlation between FOWF and IVEP is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 9, 2026	0.26

Return for Risk

FOWF vs. IVEP — Risk / Return Rank

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

FOWF

FOWF Risk / Return Rank: 46
FOWF Sharpe Ratio Rank: 46
FOWF Sortino Ratio Rank: 50
FOWF Omega Ratio Rank: 44
FOWF Calmar Ratio Rank: 45
FOWF Martin Ratio Rank: 44

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. IVEP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Solactive Whitney Future of Warfare ETF (FOWF) and Dan IVES Wedbush AI Power & Infrastructure ETF (IVEP). 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.

	FOWF	IVEP	Difference
Sharpe ratio: Return per unit of total volatility	1.59	—	—
Sortino ratio: Return per unit of downside risk	2.39	—	—
Omega ratio: Gain probability vs. loss probability	1.28	—	—
Calmar ratio: Return relative to maximum drawdown	2.20	—	—
Martin ratio: Return relative to average drawdown	7.02	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	FOWF	IVEP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	2.62	-0.99

Drawdowns

FOWF vs. IVEP - Drawdown Comparison

The maximum FOWF drawdown since its inception was -12.29%, which is greater than IVEP's maximum drawdown of -7.34%. Use the drawdown chart below to compare losses from any high point for FOWF and IVEP.

Drawdown Indicators

	FOWF	IVEP	Difference
Max Drawdown Largest peak-to-trough decline	-12.29%	-7.34%	-4.95%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	—	—
Current Drawdown Current decline from peak	-2.81%	-3.31%	+0.50%
Average Drawdown Average peak-to-trough decline	-2.05%	-1.97%	-0.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	—	—

Volatility

Volatility by Period

	FOWF	IVEP	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.62%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	26.29%	-12.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	26.29%	-9.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	26.29%	-9.40%

FOWF vs. IVEP - Expense Ratio Comparison

FOWF has a 0.49% expense ratio, which is lower than IVEP's 0.75% expense ratio.

Dividends

FOWF vs. IVEP - Dividend Comparison

FOWF's dividend yield for the trailing twelve months is around 0.73%, while IVEP has not paid dividends to shareholders.

Position	TTM	2025
FOWF Pacer Solactive Whitney Future of Warfare ETF	0.73%	0.79%
IVEP Dan IVES Wedbush AI Power & Infrastructure ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both FOWF and IVEP in my portfolio?

FOWF and IVEP have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FOWF or IVEP?

On fees, FOWF is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FOWF or IVEP?

FOWF is cheaper with a 0.49% expense ratio, compared with 0.75% for IVEP.

Which ETF pays a higher dividend yield, FOWF or IVEP?

FOWF has the higher dividend yield at 0.73%, compared with 0.00% for IVEP.

What is the main difference between FOWF and IVEP?

FOWF tracks Solactive Whitney Future of Warfare Index, while IVEP tracks Solactive Wedbush AI Power & Infrastructure Index. They also come from different issuers: Pacer and Wedbush. Their fees differ too: 0.49% for FOWF and 0.75% for IVEP.