ICOW vs. SRVR
ICOW (Pacer Developed Markets International Cash Cows 100 ETF) and SRVR (Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF) are both exchange-traded funds - ICOW is a Foreign Large Cap Equities fund tracking the Pacer Developed Markets International Cash Cows 100 Index, while SRVR is a REIT fund tracking the Benchmark Data & Infrastructure Real Estate SCTR Index. Both are passively managed. Over the past 5 years, ICOW returned 8.62%/yr vs -1.78%/yr for SRVR. At a 0.48 correlation, their price movements are largely independent. ICOW charges 0.65%/yr vs 0.60%/yr for SRVR.
Performance
ICOW vs. SRVR - Performance Comparison
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Returns By Period
In the year-to-date period, ICOW achieves a 8.24% return, which is significantly lower than SRVR's 16.03% return.
ICOW
- 1D
- -0.37%
- 1M
- -6.80%
- YTD
- 8.24%
- 6M
- 7.93%
- 1Y
- 26.63%
- 3Y*
- 16.72%
- 5Y*
- 8.62%
- 10Y*
- —
SRVR
- 1D
- -1.64%
- 1M
- -3.95%
- YTD
- 16.03%
- 6M
- 15.80%
- 1Y
- 3.22%
- 3Y*
- 8.33%
- 5Y*
- -1.78%
- 10Y*
- —
ICOW vs. SRVR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 8.24% | 36.95% | -2.59% | 18.94% | -7.98% | 11.52% | 7.20% | 17.91% | -16.45% |
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 16.03% | -1.99% | 2.70% | 6.84% | -31.90% | 22.31% | 11.99% | 41.98% | -3.66% |
Correlation
The correlation between ICOW and SRVR is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.51 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since May 16, 2018 | 0.48 |
The correlation between ICOW and SRVR has been stable across timeframes, ranging from 0.48 to 0.54 - a consistent structural relationship.
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Return for Risk
ICOW vs. SRVR — Risk / Return Rank
ICOW
SRVR
ICOW vs. SRVR - 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 Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ICOW | SRVR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.63 | ||
| Sortino ratioReturn per unit of downside risk | +2.04 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.05 | +0.28 |
| Calmar ratioReturn relative to maximum drawdown | 3.20 | 0.22 | +2.99 |
| Martin ratioReturn relative to average drawdown | 10.66 | 0.46 | +10.20 |
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Drawdowns
ICOW vs. SRVR - Drawdown Comparison
The maximum ICOW drawdown since its inception was -43.49%, which is greater than SRVR's maximum drawdown of -40.99%. Use the drawdown chart below to compare losses from any high point for ICOW and SRVR.
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Drawdown Indicators
| ICOW | SRVR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.49% | -40.99% | -2.50% |
Max Drawdown (1Y)Largest decline over 1 year | -8.35% | -14.78% | +6.43% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -18.34% | +3.53% |
Max Drawdown (5Y)Largest decline over 5 years | -27.79% | -40.99% | +13.20% |
Current DrawdownCurrent decline from peak | -8.35% | -15.04% | +6.69% |
Average DrawdownAverage peak-to-trough decline | -7.56% | -15.24% | +7.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 6.96% | -4.46% |
Volatility
ICOW vs. SRVR - Volatility Comparison
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF (SRVR) have volatilities of 5.83% and 5.86%, 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.
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Volatility by Period
| ICOW | SRVR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.83% | 5.86% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 13.71% | -1.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.75% | 17.27% | -2.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.77% | 19.79% | -3.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.50% | 21.44% | -2.94% |
ICOW vs. SRVR - Expense Ratio Comparison
ICOW has a 0.65% expense ratio, which is higher than SRVR's 0.60% expense ratio.
Dividends
ICOW vs. SRVR - Dividend Comparison
ICOW's dividend yield for the trailing twelve months is around 2.36%, less than SRVR's 2.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 2.36% | 3.03% | 4.39% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.61% | 0.80% |
SRVR Pacer Benchmark Data & Infrastructure Real Estate SCTR ETF | 2.63% | 2.67% | 2.00% | 3.69% | 1.70% | 1.19% | 1.59% | 1.61% | 2.13% | 0.00% |
Frequently Asked Questions
ICOW and SRVR have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SRVR has higher volatility (5.86%) compared to ICOW (5.83%). In terms of maximum drawdown, ICOW dropped -43.49% vs SRVR's -40.99%.
On 5-year performance, ICOW leads with 8.62% vs -1.78% for SRVR. On fees, SRVR is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, ICOW has performed better with a 8.62% return vs -1.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SRVR is cheaper with a 0.60% expense ratio, compared with 0.65% for ICOW.
SRVR has the higher dividend yield at 2.63%, compared with 2.36% for ICOW.
ICOW is categorized as Foreign Large Cap Equities, while SRVR is REIT. ICOW tracks Pacer Developed Markets International Cash Cows 100 Index, while SRVR tracks Benchmark Data & Infrastructure Real Estate SCTR Index. Their fees differ too: 0.65% for ICOW and 0.60% for SRVR.
ICOW currently has the higher Sharpe Ratio (1.81 vs 0.19), 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.
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