PSCJ vs. COWZ

Last updated Jun 24, 2026

PSCJ (Pacer Swan SOS Conservative (July) ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - PSCJ is a Defined Outcome fund tracking the SPDR S&P 500 ETF Trust, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Both are passively managed. Over the past 3 years, PSCJ returned 13.13%/yr vs 12.38%/yr for COWZ. A 0.69 correlation means they provide meaningful diversification when combined. PSCJ charges 0.61%/yr vs 0.49%/yr for COWZ.

Performance

PSCJ vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Conservative (July) ETF (PSCJ) 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, PSCJ achieves a 5.09% return, which is significantly higher than COWZ's 3.27% return.

PSCJ

• 1D: 0.02%
• 1M: 0.59%
• YTD: 5.09%
• 6M: 4.91%
• 1Y: 14.74%
• 3Y*: 13.13%
• 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)

PSCJ vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PSCJ Pacer Swan SOS Conservative (July) ETF	5.09%	12.80%	14.74%	18.48%	-7.48%	3.29%
COWZ Pacer US Cash Cows 100 ETF	3.27%	8.98%	10.64%	14.73%	0.19%	11.21%

Correlation

The correlation between PSCJ and COWZ is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.69

Over the past year, the correlation between PSCJ and COWZ has dropped to 0.48 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

PSCJ vs. COWZ — Risk / Return Rank

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

PSCJ

PSCJ Risk / Return Rank: 89
PSCJ Sharpe Ratio Rank: 90
PSCJ Sortino Ratio Rank: 94
PSCJ Omega Ratio Rank: 94
PSCJ Calmar Ratio Rank: 75
PSCJ 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.

PSCJ vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (July) ETF (PSCJ) 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.

	PSCJ	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	2.83	1.39	+1.44
Sortino ratio: Return per unit of downside risk	4.39	2.05	+2.33
Omega ratio: Gain probability vs. loss probability	1.64	1.25	+0.39
Calmar ratio: Return relative to maximum drawdown	3.56	2.66	+0.90
Martin ratio: Return relative to average drawdown	20.06	7.92	+12.14

PSCJ vs. COWZ - Sharpe Ratio Comparison

The current PSCJ Sharpe Ratio is 2.83, which is higher than the COWZ Sharpe Ratio of 1.39. The chart below compares the historical Sharpe Ratios of PSCJ 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

PSCJ vs. COWZ - Drawdown Comparison

The maximum PSCJ drawdown since its inception was -11.87%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PSCJ and COWZ.

Drawdown Indicators

	PSCJ	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-11.87%	-38.63%	+26.76%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-5.95%	+1.79%
Max Drawdown (3Y) Largest decline over 3 years	-11.87%	-22.00%	+10.13%
Max Drawdown (5Y) Largest decline over 5 years	—	-22.00%	—
Current Drawdown Current decline from peak	0.00%	-5.40%	+5.40%
Average Drawdown Average peak-to-trough decline	-2.17%	-4.80%	+2.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	2.00%	-1.26%

Volatility

PSCJ vs. COWZ - Volatility Comparison

The current volatility for Pacer Swan SOS Conservative (July) ETF (PSCJ) is 0.49%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 3.97%. This indicates that PSCJ 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.

Volatility by Period

	PSCJ	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.49%	3.97%	-3.48%
Volatility (6M) Calculated over the trailing 6-month period	4.01%	7.53%	-3.52%
Volatility (1Y) Calculated over the trailing 1-year period	5.32%	11.38%	-6.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.68%	17.64%	-8.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.68%	19.90%	-11.22%

PSCJ vs. COWZ - Expense Ratio Comparison

PSCJ has a 0.61% expense ratio, which is higher than COWZ's 0.49% expense ratio.

Dividends

PSCJ vs. COWZ - Dividend Comparison

PSCJ has not paid dividends to shareholders, while COWZ's dividend yield for the trailing twelve months is around 2.00%.

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%
PSCJ Pacer Swan SOS Conservative (July) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSCJ and COWZ in my portfolio?

PSCJ and COWZ have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCJ or COWZ?

COWZ has higher volatility (3.97%) compared to PSCJ (0.49%). In terms of maximum drawdown, PSCJ dropped -11.87% vs COWZ's -38.63%.

Which ETF is better, PSCJ or COWZ?

On 3-year performance, PSCJ leads with 13.13% vs 12.38% for COWZ. On fees, COWZ is cheaper at 0.49% per year. On volatility, PSCJ has been the lower-risk option at 0.49%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCJ or COWZ?

Over the 3-year period, PSCJ has performed better with a 13.13% return vs 12.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCJ or COWZ?

COWZ is cheaper with a 0.49% expense ratio, compared with 0.61% for PSCJ.

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

COWZ has the higher dividend yield at 2.00%, compared with 0.00% for PSCJ.

What is the main difference between PSCJ and COWZ?

PSCJ is categorized as Defined Outcome, while COWZ is Mid Cap Value Equities. PSCJ tracks SPDR S&P 500 ETF Trust, while COWZ tracks Pacer US Cash Cows 100 Index. Their fees differ too: 0.61% for PSCJ and 0.49% for COWZ.

Which has better risk-adjusted returns?

PSCJ currently has the higher Sharpe Ratio (2.83 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.