PJFV vs. COWZ

Last updated Jun 24, 2026

PJFV (PGIM Jennison Focused Value ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - PJFV is a Large Cap Value Equities fund actively managed by PGIM, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. PJFV is actively managed, while COWZ is passively managed. Over the past 3 years, PJFV returned 24.88%/yr vs 12.38%/yr for COWZ. A 0.75 correlation means they provide meaningful diversification when combined. PJFV charges 0.75%/yr vs 0.49%/yr for COWZ.

Performance

PJFV vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in PGIM Jennison Focused Value ETF (PJFV) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PJFV achieves a 16.89% return, which is significantly higher than COWZ's 3.27% return.

PJFV

• 1D: -0.95%
• 1M: 3.08%
• YTD: 16.89%
• 6M: 16.25%
• 1Y: 34.17%
• 3Y*: 24.88%
• 5Y*: —
• 10Y*: —

COWZ

• 1D: 0.59%
• 1M: -3.72%
• YTD: 3.27%
• 6M: 2.69%
• 1Y: 15.76%
• 3Y*: 12.38%
• 5Y*: 9.90%
• 10Y*: —

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

PJFV vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PJFV PGIM Jennison Focused Value ETF	16.89%	18.65%	24.13%	18.52%	-3.25%
COWZ Pacer US Cash Cows 100 ETF	3.27%	8.98%	10.64%	14.73%	-3.45%

Correlation

The correlation between PJFV and COWZ is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.72
Correlation (All Time) Calculated using the full available price history since Dec 14, 2022	0.75

The correlation between PJFV and COWZ shifts across timeframes, from 0.58 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.

PJFV vs. COWZ - Sectors Allocation Comparison

Sectors	PJFV	COWZ
Industrials	19.3%	8.4%
Technology	18.7%	16.0%
Financial Services	16.6%	-
Consumer Cyclical	10.0%	11.7%
Energy	8.2%	16.9%
Healthcare	8.1%	21.8%
Utilities	7.3%	-
Communication Services	7.1%	10.4%
Consumer Defensive	3.9%	10.9%
Basic Materials	0.9%	3.7%
Real Estate	-	-

Return for Risk

PJFV vs. COWZ — Risk / Return Rank

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

PJFV

PJFV Risk / Return Rank: 88
PJFV Sharpe Ratio Rank: 88
PJFV Sortino Ratio Rank: 88
PJFV Omega Ratio Rank: 86
PJFV Calmar Ratio Rank: 87
PJFV Martin Ratio Rank: 91

COWZ

COWZ Risk / Return Rank: 45
COWZ Sharpe Ratio Rank: 41
COWZ Sortino Ratio Rank: 42
COWZ Omega Ratio Rank: 39
COWZ Calmar Ratio Rank: 56
COWZ Martin Ratio Rank: 48

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.

PJFV vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PGIM Jennison Focused Value ETF (PJFV) 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PJFV	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	2.69	1.39	+1.30
Sortino ratio: Return per unit of downside risk	3.69	2.05	+1.64
Omega ratio: Gain probability vs. loss probability	1.48	1.25	+0.24
Calmar ratio: Return relative to maximum drawdown	4.69	2.66	+2.04
Martin ratio: Return relative to average drawdown	19.89	7.92	+11.97

PJFV vs. COWZ - Sharpe Ratio Comparison

The current PJFV Sharpe Ratio is 2.69, which is higher than the COWZ Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of PJFV and COWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PJFV vs. COWZ - Drawdown Comparison

The maximum PJFV drawdown since its inception was -18.15%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PJFV and COWZ.

Drawdown Indicators

	PJFV	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-18.15%	-38.63%	+20.48%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-5.95%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-18.15%	-22.00%	+3.85%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.00%	—
Current Drawdown Current decline from peak	-0.95%	-5.40%	+4.45%
Average Drawdown Average peak-to-trough decline	-2.11%	-4.80%	+2.69%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	2.00%	-0.28%

Volatility

PJFV vs. COWZ - Volatility Comparison

PGIM Jennison Focused Value ETF (PJFV) has a higher volatility of 4.31% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.97%. This indicates that PJFV'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.

Volatility by Period

	PJFV	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.31%	3.97%	+0.34%
Volatility (6M) Calculated over the trailing 6-month period	10.53%	7.53%	+3.00%
Volatility (1Y) Calculated over the trailing 1-year period	12.79%	11.38%	+1.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.18%	17.64%	-3.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.18%	19.90%	-5.72%

PJFV vs. COWZ - Expense Ratio Comparison

PJFV has a 0.75% expense ratio, which is higher than COWZ's 0.49% expense ratio.

Dividends

PJFV vs. COWZ - Dividend Comparison

PJFV's dividend yield for the trailing twelve months is around 0.59%, less than COWZ's 2.00% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	2.00%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
PJFV PGIM Jennison Focused Value ETF	0.59%	0.68%	1.31%	1.20%	0.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PJFV and COWZ in my portfolio?

PJFV and COWZ have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PJFV or COWZ?

PJFV has higher volatility (4.31%) compared to COWZ (3.97%). In terms of maximum drawdown, PJFV dropped -18.15% vs COWZ's -38.63%.

Which ETF is better, PJFV or COWZ?

On 3-year performance, PJFV leads with 24.88% vs 12.38% for COWZ. On fees, COWZ is cheaper at 0.49% per year. On volatility, COWZ has been the lower-risk option at 3.97%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PJFV or COWZ?

Over the 3-year period, PJFV has performed better with a 24.88% return vs 12.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PJFV or COWZ?

COWZ is cheaper with a 0.49% expense ratio, compared with 0.75% for PJFV.

Which ETF pays a higher dividend yield, PJFV or COWZ?

COWZ has the higher dividend yield at 2.00%, compared with 0.59% for PJFV.

What is the main difference between PJFV and COWZ?

PJFV is categorized as Large Cap Value Equities, while COWZ is Mid Cap Value Equities. They also come from different issuers: PGIM and Pacer. Their fees differ too: 0.75% for PJFV and 0.49% for COWZ.

Which has better risk-adjusted returns?

PJFV currently has the higher Sharpe Ratio (2.69 vs 1.39), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.