PEY vs. COWZ
Compare and contrast key facts about Invesco High Yield Equity Dividend Achievers™ ETF (PEY) and Pacer US Cash Cows 100 ETF (COWZ).
PEY and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEY is a passively managed fund by Invesco that tracks the performance of the Dividend Achiever 50 Index. It was launched on Dec 9, 2004. 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 PEY 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: PEY or COWZ.
Correlation
The correlation between PEY and COWZ is 0.65, 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.
Performance
PEY vs. COWZ - Performance Comparison
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Key characteristics
PEY:
0.30
COWZ:
-0.03
PEY:
0.66
COWZ:
0.17
PEY:
1.09
COWZ:
1.02
PEY:
0.37
COWZ:
0.02
PEY:
1.16
COWZ:
0.07
PEY:
5.76%
COWZ:
6.88%
PEY:
17.57%
COWZ:
19.30%
PEY:
-72.82%
COWZ:
-38.63%
PEY:
-8.98%
COWZ:
-10.54%
Returns By Period
In the year-to-date period, PEY achieves a -1.57% return, which is significantly higher than COWZ's -3.23% return.
PEY
-1.57%
7.09%
-5.55%
5.27%
14.83%
8.82%
COWZ
-3.23%
9.08%
-8.92%
-0.63%
21.01%
N/A
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PEY vs. COWZ - Expense Ratio Comparison
PEY has a 0.53% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
PEY vs. COWZ — Risk-Adjusted Performance Rank
PEY
COWZ
PEY vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) 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.
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Dividends
PEY vs. COWZ - Dividend Comparison
PEY's dividend yield for the trailing twelve months is around 4.51%, while COWZ has not paid dividends to shareholders.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEY Invesco High Yield Equity Dividend Achievers™ ETF | 4.51% | 4.44% | 4.58% | 4.22% | 3.83% | 4.30% | 3.78% | 4.33% | 3.21% | 3.12% | 3.44% | 3.24% |
COWZ Pacer US Cash Cows 100 ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEY vs. COWZ - Drawdown Comparison
The maximum PEY drawdown since its inception was -72.82%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PEY and COWZ. For additional features, visit the drawdowns tool.
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Volatility
PEY vs. COWZ - Volatility Comparison
The current volatility for Invesco High Yield Equity Dividend Achievers™ ETF (PEY) is 4.85%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 5.76%. This indicates that PEY experiences smaller price fluctuations and is considered to be less risky than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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