FOWF vs. KARS

Last updated Apr 17, 2026

FOWF (Pacer Solactive Whitney Future of Warfare ETF) and KARS (KraneShares Electric Vehicles and Future Mobility Index ETF) are both Industrials Equities funds — FOWF tracks the Solactive Whitney Future of Warfare Index while KARS tracks the Bloomberg Electric Vehicles Index. Both are passively managed. Over the past year, FOWF returned 37.08% vs 84.73% for KARS. At 0.40, their price movements are largely independent. FOWF charges 0.49%/yr vs 0.72%/yr for KARS.

Performance

FOWF vs. KARS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Solactive Whitney Future of Warfare ETF (FOWF) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOWF achieves a 8.81% return, which is significantly lower than KARS's 17.42% return.

FOWF

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

KARS

• 1D: 1.27%
• 1M: 14.42%
• YTD: 17.42%
• 6M: 18.56%
• 1Y: 84.73%
• 3Y*: 6.15%
• 5Y*: -1.73%
• 10Y*: —

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

FOWF vs. KARS - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FOWF Pacer Solactive Whitney Future of Warfare ETF	8.81%	29.15%	0.39%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	17.42%	46.04%	-1.66%

Correlation

The correlation between FOWF and KARS is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.40

Return for Risk

FOWF vs. KARS — Risk / Return Rank

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

FOWF

FOWF Risk / Return Rank: 72
FOWF Sharpe Ratio Rank: 77
FOWF Sortino Ratio Rank: 81
FOWF Omega Ratio Rank: 72
FOWF Calmar Ratio Rank: 64
FOWF Martin Ratio Rank: 66

KARS

KARS Risk / Return Rank: 88
KARS Sharpe Ratio Rank: 91
KARS Sortino Ratio Rank: 82
KARS Omega Ratio Rank: 81
KARS Calmar Ratio Rank: 96
KARS Martin Ratio Rank: 92

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. KARS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Solactive Whitney Future of Warfare ETF (FOWF) and KraneShares Electric Vehicles and Future Mobility Index ETF (KARS). 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	KARS	Difference
Sharpe ratio Return per unit of total volatility	2.77	3.40	-0.64
Sortino ratio Return per unit of downside risk	4.02	4.12	-0.10
Omega ratio Gain probability vs. loss probability	1.48	1.55	-0.06
Calmar ratio Return relative to maximum drawdown	3.62	8.56	-4.94
Martin ratio Return relative to average drawdown	13.92	24.16	-10.24
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. KARS - Sharpe Ratio Comparison

The current FOWF Sharpe Ratio is 2.77, which is comparable to the KARS Sharpe Ratio of 3.40. The chart below compares the historical Sharpe Ratios of FOWF and KARS, 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

	FOWF	KARS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	3.40	-0.64
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	-0.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.77	0.21	+1.57

Drawdowns

FOWF vs. KARS - Drawdown Comparison

The maximum FOWF drawdown since its inception was -12.29%, smaller than the maximum KARS drawdown of -64.85%. Use the drawdown chart below to compare losses from any high point for FOWF and KARS.

Drawdown Indicators

	FOWF	KARS	Difference
Max Drawdown Largest peak-to-trough decline	-12.29%	-64.85%	+52.56%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-9.46%	-0.62%
Max Drawdown (5Y) Largest decline over 5 years	—	-64.85%	—
Current Drawdown Current decline from peak	-3.37%	-28.43%	+25.06%
Average Drawdown Average peak-to-trough decline	-1.80%	-28.33%	+26.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	3.35%	-0.73%

Volatility

FOWF vs. KARS - Volatility Comparison

The current volatility for Pacer Solactive Whitney Future of Warfare ETF (FOWF) is 6.53%, while KraneShares Electric Vehicles and Future Mobility Index ETF (KARS) has a volatility of 7.84%. This indicates that FOWF experiences smaller price fluctuations and is considered to be less risky than KARS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOWF	KARS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	7.84%	-1.31%
Volatility (6M) Calculated over the trailing 6-month period	11.06%	18.25%	-7.19%
Volatility (1Y) Calculated over the trailing 1-year period	13.54%	25.18%	-11.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.99%	29.67%	-12.68%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.99%	29.31%	-12.32%

FOWF vs. KARS - Expense Ratio Comparison

FOWF has a 0.49% expense ratio, which is lower than KARS's 0.72% expense ratio.

Dividends

FOWF vs. KARS - Dividend Comparison

FOWF's dividend yield for the trailing twelve months is around 0.73%, more than KARS's 0.16% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018
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%
KARS KraneShares Electric Vehicles and Future Mobility Index ETF	0.16%	0.18%	0.78%	0.88%	1.13%	6.73%	0.14%	1.85%	1.38%