ICOW vs. ODMAX
Compare and contrast key facts about Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Invesco Developing Markets Fund (ODMAX).
ICOW is a passively managed fund by Pacer that tracks the performance of the Pacer Developed Markets International Cash Cows 100 Index. It was launched on Jun 16, 2017. ODMAX is managed by Invesco. It was launched on Nov 17, 1996.
Performance
ICOW vs. ODMAX - Performance Comparison
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ICOW vs. ODMAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 10.88% | 36.95% | -2.59% | 18.94% | -7.98% | 11.52% | 7.20% | 17.91% | -16.09% | 16.98% |
ODMAX Invesco Developing Markets Fund | 2.97% | 28.34% | -1.39% | 11.17% | -25.16% | -7.54% | 17.22% | 24.02% | -12.14% | 12.81% |
Returns By Period
In the year-to-date period, ICOW achieves a 10.88% return, which is significantly higher than ODMAX's 2.97% return.
ICOW
- 1D
- 0.97%
- 1M
- -3.10%
- YTD
- 10.88%
- 6M
- 18.26%
- 1Y
- 39.13%
- 3Y*
- 17.39%
- 5Y*
- 10.40%
- 10Y*
- —
ODMAX
- 1D
- 3.00%
- 1M
- -8.13%
- YTD
- 2.97%
- 6M
- 7.26%
- 1Y
- 28.57%
- 3Y*
- 9.19%
- 5Y*
- -0.46%
- 10Y*
- 6.05%
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ICOW vs. ODMAX - Expense Ratio Comparison
ICOW has a 0.65% expense ratio, which is lower than ODMAX's 1.24% expense ratio.
Return for Risk
ICOW vs. ODMAX — Risk / Return Rank
ICOW
ODMAX
ICOW vs. ODMAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Invesco Developing Markets Fund (ODMAX). 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.
| ICOW | ODMAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.30 | 1.68 | +0.62 |
Sortino ratioReturn per unit of downside risk | 2.95 | 2.22 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.46 | 1.32 | +0.14 |
Calmar ratioReturn relative to maximum drawdown | 3.31 | 2.18 | +1.13 |
Martin ratioReturn relative to average drawdown | 15.48 | 8.51 | +6.97 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ICOW | ODMAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 1.68 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | -0.03 | +0.66 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.34 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.51 | +0.02 |
Correlation
The correlation between ICOW and ODMAX is 0.68, 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.
Dividends
ICOW vs. ODMAX - Dividend Comparison
ICOW's dividend yield for the trailing twelve months is around 2.24%, less than ODMAX's 40.35% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 2.24% | 3.03% | 4.39% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.61% | 0.80% | 0.00% | 0.00% |
ODMAX Invesco Developing Markets Fund | 40.35% | 41.55% | 0.01% | 0.53% | 0.57% | 5.01% | 0.00% | 2.12% | 0.28% | 0.30% | 0.23% | 0.43% |
Drawdowns
ICOW vs. ODMAX - Drawdown Comparison
The maximum ICOW drawdown since its inception was -43.49%, smaller than the maximum ODMAX drawdown of -61.63%. Use the drawdown chart below to compare losses from any high point for ICOW and ODMAX.
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Drawdown Indicators
| ICOW | ODMAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.49% | -61.63% | +18.14% |
Max Drawdown (1Y)Largest decline over 1 year | -12.00% | -12.08% | +0.08% |
Max Drawdown (5Y)Largest decline over 5 years | -28.48% | -45.46% | +16.98% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.23% | — |
Current DrawdownCurrent decline from peak | -4.20% | -9.44% | +5.24% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -14.66% | +6.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.59% | 3.09% | -0.50% |
Volatility
ICOW vs. ODMAX - Volatility Comparison
The current volatility for Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is 5.30%, while Invesco Developing Markets Fund (ODMAX) has a volatility of 8.46%. This indicates that ICOW experiences smaller price fluctuations and is considered to be less risky than ODMAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICOW | ODMAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 8.46% | -3.16% |
Volatility (6M)Calculated over the trailing 6-month period | 10.44% | 12.92% | -2.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.12% | 17.52% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 17.60% | -1.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 17.74% | +0.79% |