KBWD vs. COWZ
Compare and contrast key facts about Invesco KBW High Dividend Yield Financial ETF (KBWD) and Pacer US Cash Cows 100 ETF (COWZ).
KBWD and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KBWD is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Financial Sector Dividend Yield Index. It was launched on Dec 2, 2010. 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 KBWD 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: KBWD or COWZ.
Key characteristics
| KBWD | COWZ | |
|---|---|---|
| YTD Return | 3.08% | 8.62% |
| 1Y Return | 27.46% | 27.97% |
| 3Y Return (Ann) | 1.20% | 11.27% |
| 5Y Return (Ann) | 3.98% | 17.29% |
| Sharpe Ratio | 1.37 | 1.94 |
| Daily Std Dev | 19.08% | 13.26% |
| Max Drawdown | -58.63% | -38.63% |
| Current Drawdown | -4.40% | -3.24% |
Correlation
The correlation between KBWD and COWZ is 0.73, 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.
Performance
KBWD vs. COWZ - Performance Comparison
In the year-to-date period, KBWD achieves a 3.08% return, which is significantly lower than COWZ's 8.62% 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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KBWD vs. COWZ - Expense Ratio Comparison
KBWD has a 1.24% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
KBWD vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco KBW High Dividend Yield Financial ETF (KBWD) 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
KBWD vs. COWZ - Dividend Comparison
KBWD's dividend yield for the trailing twelve months is around 11.51%, more than COWZ's 1.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
KBWD Invesco KBW High Dividend Yield Financial ETF | 11.51% | 11.45% | 11.32% | 7.26% | 9.68% | 8.63% | 9.47% | 8.77% | 8.68% | 8.89% | 8.31% | 7.68% |
COWZ Pacer US Cash Cows 100 ETF | 1.84% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
KBWD vs. COWZ - Drawdown Comparison
The maximum KBWD drawdown since its inception was -58.63%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for KBWD and COWZ. For additional features, visit the drawdowns tool.
Volatility
KBWD vs. COWZ - Volatility Comparison
Invesco KBW High Dividend Yield Financial ETF (KBWD) has a higher volatility of 3.85% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.40%. This indicates that KBWD'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.