HIPS vs. COWZ
Compare and contrast key facts about GraniteShares HIPS US High Income ETF (HIPS) and Pacer US Cash Cows 100 ETF (COWZ).
HIPS and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HIPS is a passively managed fund by GraniteShares that tracks the performance of the TFMS HIPS Index. It was launched on Jan 6, 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. Both HIPS and COWZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HIPS or COWZ.
Key characteristics
| HIPS | COWZ | |
|---|---|---|
| YTD Return | 12.67% | 16.62% |
| 1Y Return | 21.78% | 26.22% |
| 3Y Return (Ann) | 3.46% | 10.46% |
| 5Y Return (Ann) | 4.94% | 16.80% |
| Sharpe Ratio | 2.25 | 1.82 |
| Sortino Ratio | 3.05 | 2.64 |
| Omega Ratio | 1.43 | 1.31 |
| Calmar Ratio | 2.19 | 3.31 |
| Martin Ratio | 17.87 | 7.86 |
| Ulcer Index | 1.19% | 3.19% |
| Daily Std Dev | 9.47% | 13.76% |
| Max Drawdown | -53.14% | -38.63% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between HIPS and COWZ is 0.65, 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
HIPS vs. COWZ - Performance Comparison
In the year-to-date period, HIPS achieves a 12.67% return, which is significantly lower than COWZ's 16.62% 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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HIPS vs. COWZ - Expense Ratio Comparison
HIPS has a 3.19% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
HIPS vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for GraniteShares HIPS US High Income ETF (HIPS) 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
HIPS vs. COWZ - Dividend Comparison
HIPS's dividend yield for the trailing twelve months is around 10.01%, more than COWZ's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
HIPS GraniteShares HIPS US High Income ETF | 10.01% | 10.37% | 10.81% | 8.47% | 9.54% | 7.59% | 8.70% | 7.31% | 7.24% | 6.51% |
COWZ Pacer US Cash Cows 100 ETF | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% | 0.00% |
Drawdowns
HIPS vs. COWZ - Drawdown Comparison
The maximum HIPS drawdown since its inception was -53.14%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for HIPS and COWZ. For additional features, visit the drawdowns tool.
Volatility
HIPS vs. COWZ - Volatility Comparison
The current volatility for GraniteShares HIPS US High Income ETF (HIPS) is 2.55%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 3.94%. This indicates that HIPS 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.