LCOW vs. SPDV

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) and AAM S&P 500 High Dividend Value ETF (SPDV).

LCOW and SPDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. LCOW is a passively managed fund by Pacer that tracks the performance of the S&P 500 Quality FCF Aristocrats Index. It was launched on May 6, 2025. SPDV is a passively managed fund by Advisors Asset Management that tracks the performance of the S&P 500 Dividend and Free Cash Flow Yield Index. It was launched on Nov 28, 2017. Both LCOW and SPDV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

LCOW vs. SPDV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) and AAM S&P 500 High Dividend Value ETF (SPDV). The values are adjusted to include any dividend payments, if applicable.

LCOW vs. SPDV - Yearly Performance Comparison

	2026 (YTD)	2025
LCOW Pacer S&P 500 Quality FCF Aristocrats ETF	-6.66%	20.51%
SPDV AAM S&P 500 High Dividend Value ETF	8.31%	16.28%

Returns By Period

In the year-to-date period, LCOW achieves a -6.66% return, which is significantly lower than SPDV's 8.31% return.

LCOW

• 1D: 2.46%
• 1M: -5.94%
• YTD: -6.66%
• 6M: -3.79%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

SPDV

• 1D: 0.78%
• 1M: -2.66%
• YTD: 8.31%
• 6M: 9.18%
• 1Y: 18.90%
• 3Y*: 14.04%
• 5Y*: 8.98%
• 10Y*: —

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

LCOW vs. SPDV - Expense Ratio Comparison

LCOW has a 0.49% expense ratio, which is higher than SPDV's 0.29% expense ratio.

LCOW

Pacer S&P 500 Quality FCF Aristocrats ETF

SPDV

AAM S&P 500 High Dividend Value ETF

Return for Risk

LCOW vs. SPDV — Risk / Return Rank

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

SPDV

SPDV Risk / Return Rank: 62
SPDV Sharpe Ratio Rank: 63
SPDV Sortino Ratio Rank: 64
SPDV Omega Ratio Rank: 63
SPDV Calmar Ratio Rank: 59
SPDV Martin Ratio Rank: 63

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.

LCOW vs. SPDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer S&P 500 Quality FCF Aristocrats ETF (LCOW) and AAM S&P 500 High Dividend Value ETF (SPDV). 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

	LCOW	SPDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.08	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.55	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.13	0.43	+0.71

Correlation

The correlation between LCOW and SPDV is 0.50, 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

LCOW vs. SPDV - Dividend Comparison

LCOW's dividend yield for the trailing twelve months is around 0.57%, less than SPDV's 3.50% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
LCOW Pacer S&P 500 Quality FCF Aristocrats ETF	0.57%	0.43%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
SPDV AAM S&P 500 High Dividend Value ETF	3.50%	3.85%	3.54%	3.95%	3.73%	3.08%	3.90%	3.54%	3.63%	0.28%

Drawdowns

LCOW vs. SPDV - Drawdown Comparison

The maximum LCOW drawdown since its inception was -10.34%, smaller than the maximum SPDV drawdown of -43.81%. Use the drawdown chart below to compare losses from any high point for LCOW and SPDV.

Drawdown Indicators

	LCOW	SPDV	Difference
Max Drawdown Largest peak-to-trough decline	-10.34%	-43.81%	+33.47%
Max Drawdown (1Y) Largest decline over 1 year	—	-13.91%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.31%	—
Current Drawdown Current decline from peak	-7.92%	-3.31%	-4.61%
Average Drawdown Average peak-to-trough decline	-1.37%	-6.67%	+5.30%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.29%	—

Volatility

Volatility by Period

	LCOW	SPDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.07%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.25%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.45%	17.61%	-5.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.45%	16.41%	-3.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.45%	20.48%	-8.03%