FOWF vs. ROKT

Last updated Jun 4, 2026

FOWF (Pacer Solactive Whitney Future of Warfare ETF) and ROKT (SPDR S&P Kensho Final Frontiers ETF) are both Industrials Equities funds - FOWF tracks the Solactive Whitney Future of Warfare Index while ROKT tracks the S&P Kensho Final Frontiers Index. Both are passively managed. Over the past year, FOWF returned 22.10% vs 111.37% for ROKT. A 0.76 correlation means they provide meaningful diversification when combined. FOWF charges 0.49%/yr vs 0.45%/yr for ROKT.

Performance

FOWF vs. ROKT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Solactive Whitney Future of Warfare ETF (FOWF) and SPDR S&P Kensho Final Frontiers ETF (ROKT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FOWF achieves a 9.44% return, which is significantly lower than ROKT's 46.55% return.

FOWF

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

ROKT

• 1D: -3.71%
• 1M: 12.62%
• YTD: 46.55%
• 6M: 60.20%
• 1Y: 111.37%
• 3Y*: 44.75%
• 5Y*: 24.68%
• 10Y*: —

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

FOWF vs. ROKT - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FOWF Pacer Solactive Whitney Future of Warfare ETF	9.44%	29.15%	0.39%
ROKT SPDR S&P Kensho Final Frontiers ETF	46.55%	50.56%	3.49%

Correlation

The correlation between FOWF and ROKT is 0.75, 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	0.75
Correlation (All Time) Calculated using the full available price history since Dec 19, 2024	0.76

The correlation between FOWF and ROKT has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.

FOWF vs. ROKT - Sectors Allocation Comparison

Sectors	FOWF	ROKT
Industrials	62.2%	67.6%
Technology	29.2%	20.2%
Communication Services	5.8%	5.9%
Consumer Cyclical	2.0%	-
Basic Materials	0.8%	-
Consumer Defensive	-	-
Energy	-	6.4%
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

FOWF vs. ROKT — 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

ROKT

ROKT Risk / Return Rank: 93
ROKT Sharpe Ratio Rank: 95
ROKT Sortino Ratio Rank: 92
ROKT Omega Ratio Rank: 89
ROKT Calmar Ratio Rank: 96
ROKT Martin Ratio Rank: 96

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. ROKT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Solactive Whitney Future of Warfare ETF (FOWF) and SPDR S&P Kensho Final Frontiers ETF (ROKT). 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	ROKT	Difference
Sharpe ratio: Return per unit of total volatility	1.59	3.88	-2.29
Sortino ratio: Return per unit of downside risk	2.39	4.47	-2.08
Omega ratio: Gain probability vs. loss probability	1.28	1.57	-0.29
Calmar ratio: Return relative to maximum drawdown	2.20	9.82	-7.62
Martin ratio: Return relative to average drawdown	7.02	35.81	-28.79
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. ROKT - Sharpe Ratio Comparison

The current FOWF Sharpe Ratio is 1.59, which is lower than the ROKT Sharpe Ratio of 3.88. The chart below compares the historical Sharpe Ratios of FOWF and ROKT, 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	ROKT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.59	3.88	-2.29
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.09	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	0.86	+0.77

Drawdowns

FOWF vs. ROKT - Drawdown Comparison

The maximum FOWF drawdown since its inception was -12.29%, smaller than the maximum ROKT drawdown of -43.16%. Use the drawdown chart below to compare losses from any high point for FOWF and ROKT.

Drawdown Indicators

	FOWF	ROKT	Difference
Max Drawdown Largest peak-to-trough decline	-12.29%	-43.16%	+30.87%
Max Drawdown (1Y) Largest decline over 1 year	-10.08%	-11.40%	+1.32%
Max Drawdown (3Y) Largest decline over 3 years	—	-23.46%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.46%	—
Current Drawdown Current decline from peak	-2.81%	-8.82%	+6.01%
Average Drawdown Average peak-to-trough decline	-2.05%	-6.75%	+4.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	3.12%	+0.04%

Volatility

FOWF vs. ROKT - Volatility Comparison

The current volatility for Pacer Solactive Whitney Future of Warfare ETF (FOWF) is 4.80%, while SPDR S&P Kensho Final Frontiers ETF (ROKT) has a volatility of 13.10%. This indicates that FOWF experiences smaller price fluctuations and is considered to be less risky than ROKT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FOWF	ROKT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.80%	13.10%	-8.30%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	24.98%	-13.36%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	28.89%	-14.95%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.89%	22.78%	-5.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.89%	25.14%	-8.25%

FOWF vs. ROKT - Expense Ratio Comparison

FOWF has a 0.49% expense ratio, which is higher than ROKT's 0.45% expense ratio.

Dividends

FOWF vs. ROKT - Dividend Comparison

FOWF's dividend yield for the trailing twelve months is around 0.73%, more than ROKT's 0.27% yield.

Position	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%
ROKT SPDR S&P Kensho Final Frontiers ETF	0.27%	0.41%	0.57%	0.62%	0.54%	1.79%	0.48%	0.74%	0.16%

Frequently Asked Questions

Can I hold both FOWF and ROKT in my portfolio?

FOWF and ROKT have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FOWF or ROKT?

ROKT has higher volatility (13.10%) compared to FOWF (4.80%). In terms of maximum drawdown, FOWF dropped -12.29% vs ROKT's -43.16%.

Which ETF is better, FOWF or ROKT?

On 1-year performance, ROKT leads with 111.37% vs 22.10% for FOWF. On fees, ROKT is cheaper at 0.45% per year. On volatility, FOWF has been the lower-risk option at 4.80%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FOWF or ROKT?

Over the 1-year period, ROKT has performed better with a 111.37% return vs 22.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FOWF or ROKT?

ROKT is cheaper with a 0.45% expense ratio, compared with 0.49% for FOWF.

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

FOWF has the higher dividend yield at 0.73%, compared with 0.27% for ROKT.

What is the main difference between FOWF and ROKT?

FOWF tracks Solactive Whitney Future of Warfare Index, while ROKT tracks S&P Kensho Final Frontiers Index. They also come from different issuers: Pacer and State Street. Their fees differ too: 0.49% for FOWF and 0.45% for ROKT.

Which has better risk-adjusted returns?

ROKT currently has the higher Sharpe Ratio (3.88 vs 1.59), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.