IAK vs. COWZ
Compare and contrast key facts about iShares U.S. Insurance ETF (IAK) and Pacer US Cash Cows 100 ETF (COWZ).
IAK and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IAK is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Insurance Index. It was launched on May 5, 2006. 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 IAK 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: IAK or COWZ.
Key characteristics
| IAK | COWZ | |
|---|---|---|
| YTD Return | 30.93% | 16.62% |
| 1Y Return | 38.88% | 26.22% |
| 3Y Return (Ann) | 17.51% | 10.46% |
| 5Y Return (Ann) | 15.09% | 16.80% |
| Sharpe Ratio | 2.66 | 1.82 |
| Sortino Ratio | 3.50 | 2.64 |
| Omega Ratio | 1.48 | 1.31 |
| Calmar Ratio | 5.76 | 3.31 |
| Martin Ratio | 16.84 | 7.86 |
| Ulcer Index | 2.29% | 3.19% |
| Daily Std Dev | 14.47% | 13.76% |
| Max Drawdown | -77.38% | -38.63% |
| Current Drawdown | -2.81% | 0.00% |
Correlation
The correlation between IAK and COWZ is 0.69, 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
IAK vs. COWZ - Performance Comparison
In the year-to-date period, IAK achieves a 30.93% return, which is significantly higher 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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IAK vs. COWZ - Expense Ratio Comparison
IAK has a 0.43% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
IAK vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Insurance ETF (IAK) 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
IAK vs. COWZ - Dividend Comparison
IAK's dividend yield for the trailing twelve months is around 1.22%, less than COWZ's 1.82% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IAK iShares U.S. Insurance ETF | 1.22% | 1.44% | 1.69% | 2.26% | 2.07% | 1.84% | 2.33% | 1.62% | 1.68% | 1.62% | 1.57% | 1.14% |
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% | 0.00% | 0.00% |
Drawdowns
IAK vs. COWZ - Drawdown Comparison
The maximum IAK drawdown since its inception was -77.38%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for IAK and COWZ. For additional features, visit the drawdowns tool.
Volatility
IAK vs. COWZ - Volatility Comparison
iShares U.S. Insurance ETF (IAK) has a higher volatility of 6.03% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.94%. This indicates that IAK's price experiences larger fluctuations and is considered to be riskier than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.