PKW vs. COWZ
Compare and contrast key facts about Invesco BuyBack Achievers™ ETF (PKW) and Pacer US Cash Cows 100 ETF (COWZ).
PKW and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PKW is a passively managed fund by Invesco that tracks the performance of the Share BuyBack Achievers Index. It was launched on Dec 20, 2006. 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 PKW 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: PKW or COWZ.
Performance
PKW vs. COWZ - Performance Comparison
Returns By Period
In the year-to-date period, PKW achieves a 22.90% return, which is significantly higher than COWZ's 15.47% return.
PKW
22.90%
3.53%
16.15%
34.18%
14.07%
11.23%
COWZ
15.47%
1.82%
8.43%
21.97%
16.65%
N/A
Key characteristics
| PKW | COWZ | |
|---|---|---|
| Sharpe Ratio | 2.78 | 1.58 |
| Sortino Ratio | 3.98 | 2.31 |
| Omega Ratio | 1.49 | 1.27 |
| Calmar Ratio | 5.38 | 2.82 |
| Martin Ratio | 13.38 | 6.67 |
| Ulcer Index | 2.49% | 3.20% |
| Daily Std Dev | 12.00% | 13.50% |
| Max Drawdown | -54.59% | -38.63% |
| Current Drawdown | -1.48% | -1.78% |
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PKW vs. COWZ - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Correlation
The correlation between PKW and COWZ is 0.90, 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.
Risk-Adjusted Performance
PKW vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) 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
PKW vs. COWZ - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.95%, less than COWZ's 1.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKW Invesco BuyBack Achievers™ ETF | 0.95% | 1.17% | 1.22% | 0.72% | 1.48% | 1.30% | 1.30% | 0.65% | 1.59% | 1.14% | 1.03% | 0.62% |
COWZ Pacer US Cash Cows 100 ETF | 1.84% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
PKW vs. COWZ - Drawdown Comparison
The maximum PKW drawdown since its inception was -54.59%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PKW and COWZ. For additional features, visit the drawdowns tool.
Volatility
PKW vs. COWZ - Volatility Comparison
Invesco BuyBack Achievers™ ETF (PKW) has a higher volatility of 4.59% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.93%. This indicates that PKW'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.