ICOW vs. COWZ
Compare and contrast key facts about Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Pacer US Cash Cows 100 ETF (COWZ).
ICOW and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICOW is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Developed Markets International Cash Cows 100 Index. It was launched on Jun 16, 2017. 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 ICOW 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: ICOW or COWZ.
Performance
ICOW vs. COWZ - Performance Comparison
Returns By Period
In the year-to-date period, ICOW achieves a -0.93% return, which is significantly lower than COWZ's 14.89% return.
ICOW
-0.93%
-3.78%
-6.05%
5.53%
6.04%
N/A
COWZ
14.89%
0.15%
6.09%
20.96%
16.50%
N/A
Key characteristics
| ICOW | COWZ | |
|---|---|---|
| Sharpe Ratio | 0.34 | 1.54 |
| Sortino Ratio | 0.54 | 2.25 |
| Omega Ratio | 1.07 | 1.27 |
| Calmar Ratio | 0.49 | 2.76 |
| Martin Ratio | 1.49 | 6.54 |
| Ulcer Index | 2.99% | 3.19% |
| Daily Std Dev | 13.10% | 13.60% |
| Max Drawdown | -43.49% | -38.63% |
| Current Drawdown | -6.49% | -2.27% |
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ICOW vs. COWZ - Expense Ratio Comparison
ICOW has a 0.65% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Correlation
The correlation between ICOW and COWZ is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
ICOW vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Developed Markets International Cash Cows 100 ETF (ICOW) 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
ICOW vs. COWZ - Dividend Comparison
ICOW's dividend yield for the trailing twelve months is around 4.83%, more than COWZ's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 4.83% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.62% | 0.80% | 0.00% |
COWZ Pacer US Cash Cows 100 ETF | 1.85% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% |
Drawdowns
ICOW vs. COWZ - Drawdown Comparison
The maximum ICOW drawdown since its inception was -43.49%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for ICOW and COWZ. For additional features, visit the drawdowns tool.
Volatility
ICOW vs. COWZ - Volatility Comparison
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Pacer US Cash Cows 100 ETF (COWZ) have volatilities of 4.12% and 4.09%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.