PJAN vs. COWZ
Compare and contrast key facts about Innovator U.S. Equity Power Buffer ETF - January (PJAN) and Pacer US Cash Cows 100 ETF (COWZ).
PJAN and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PJAN is a passively managed fund by Innovator that tracks the performance of the Cboe S&P 500 15% Buffer Protect January Series Index. It was launched on Jan 2, 2019. 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 PJAN 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: PJAN or COWZ.
Correlation
The correlation between PJAN and COWZ is 0.69, 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
PJAN vs. COWZ - Performance Comparison
Key characteristics
PJAN:
2.74
COWZ:
1.04
PJAN:
3.96
COWZ:
1.53
PJAN:
1.59
COWZ:
1.18
PJAN:
4.02
COWZ:
1.65
PJAN:
22.00
COWZ:
3.57
PJAN:
0.61%
COWZ:
3.98%
PJAN:
4.89%
COWZ:
13.70%
PJAN:
-21.25%
COWZ:
-38.63%
PJAN:
0.00%
COWZ:
-4.80%
Returns By Period
In the year-to-date period, PJAN achieves a 2.18% return, which is significantly lower than COWZ's 2.97% return.
PJAN
2.18%
1.29%
5.58%
12.95%
8.29%
N/A
COWZ
2.97%
-0.45%
3.98%
12.17%
16.01%
N/A
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PJAN vs. COWZ - Expense Ratio Comparison
PJAN has a 0.79% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
PJAN vs. COWZ — Risk-Adjusted Performance Rank
PJAN
COWZ
PJAN vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Power Buffer ETF - January (PJAN) 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
PJAN vs. COWZ - Dividend Comparison
PJAN has not paid dividends to shareholders, while COWZ's dividend yield for the trailing twelve months is around 1.77%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
PJAN Innovator U.S. Equity Power Buffer ETF - January | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COWZ Pacer US Cash Cows 100 ETF | 1.77% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% |
Drawdowns
PJAN vs. COWZ - Drawdown Comparison
The maximum PJAN drawdown since its inception was -21.25%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PJAN and COWZ. For additional features, visit the drawdowns tool.
Volatility
PJAN vs. COWZ - Volatility Comparison
The current volatility for Innovator U.S. Equity Power Buffer ETF - January (PJAN) is 1.60%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 3.69%. This indicates that PJAN 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.