IDEQ vs. ICOW

Last updated Jun 3, 2026

IDEQ (Lazard International Dynamic Equity ETF) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both Foreign Large Cap Equities funds. IDEQ is actively managed, while ICOW is passively managed. A 0.80 correlation means they provide meaningful diversification when combined. IDEQ charges 0.40%/yr vs 0.65%/yr for ICOW.

Performance

IDEQ vs. ICOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lazard International Dynamic Equity ETF (IDEQ) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with IDEQ having a 17.69% return and ICOW slightly lower at 17.35%.

IDEQ

• 1D: 0.85%
• 1M: 4.87%
• YTD: 17.69%
• 6M: 21.62%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICOW

• 1D: -0.64%
• 1M: 3.47%
• YTD: 17.35%
• 6M: 18.06%
• 1Y: 39.15%
• 3Y*: 20.17%
• 5Y*: 10.06%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

IDEQ vs. ICOW - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	17.69%	11.77%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	17.35%	10.08%

Correlation

The correlation between IDEQ and ICOW is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Sep 2, 2025	0.80

Return for Risk

IDEQ vs. ICOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ICOW

ICOW Risk / Return Rank: 84
ICOW Sharpe Ratio Rank: 86
ICOW Sortino Ratio Rank: 82
ICOW Omega Ratio Rank: 82
ICOW Calmar Ratio Rank: 86
ICOW Martin Ratio Rank: 84

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

IDEQ vs. ICOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IDEQ	ICOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.87	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.40	0.55	+1.86

Drawdowns

IDEQ vs. ICOW - Drawdown Comparison

The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum ICOW drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for IDEQ and ICOW.

Drawdown Indicators

	IDEQ	ICOW	Difference
Max Drawdown Largest peak-to-trough decline	-12.95%	-43.49%	+30.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-8.02%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.48%	—
Current Drawdown Current decline from peak	0.00%	-0.64%	+0.64%
Average Drawdown Average peak-to-trough decline	-2.10%	-7.59%	+5.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.24%	—

Volatility

Volatility by Period

	IDEQ	ICOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.41%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.59%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.41%	13.73%	+4.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.41%	16.64%	+1.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.41%	18.47%	-0.06%

IDEQ vs. ICOW - Expense Ratio Comparison

IDEQ has a 0.40% expense ratio, which is lower than ICOW's 0.65% expense ratio.

Dividends

IDEQ vs. ICOW - Dividend Comparison

IDEQ's dividend yield for the trailing twelve months is around 0.51%, less than ICOW's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICOW Pacer Developed Markets International Cash Cows 100 ETF	2.12%	3.03%	4.39%	3.61%	5.26%	2.11%	2.46%	3.10%	2.61%	0.80%
IDEQ Lazard International Dynamic Equity ETF	0.51%	0.60%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both IDEQ and ICOW in my portfolio?

IDEQ and ICOW have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, IDEQ or ICOW?

On fees, IDEQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, IDEQ or ICOW?

IDEQ is cheaper with a 0.40% expense ratio, compared with 0.65% for ICOW.

Which ETF pays a higher dividend yield, IDEQ or ICOW?

ICOW has the higher dividend yield at 2.12%, compared with 0.51% for IDEQ.

What is the main difference between IDEQ and ICOW?

They also come from different issuers: Lazard and Pacer. Their fees differ too: 0.40% for IDEQ and 0.65% for ICOW.