PSFM vs. COWZ
PSFM (Pacer Swan SOS Flex (April) ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - PSFM is a Defined Outcome fund actively managed by Pacer, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. PSFM is actively managed, while COWZ is passively managed. Over the past 5 years, PSFM returned 9.72%/yr vs 11.17%/yr for COWZ. Their 0.67 correlation means they have sometimes moved together and sometimes differently. PSFM charges 0.61%/yr vs 0.49%/yr for COWZ.
Performance
PSFM vs. COWZ - Performance Comparison
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Returns By Period
In the year-to-date period, PSFM achieves a 11.18% return, which is significantly lower than COWZ's 13.59% return.
PSFM
- 1D
- 0.02%
- 1M
- 1.23%
- 6M
- 10.53%
- YTD
- 11.18%
- 1Y
- 16.25%
- 3Y*
- 13.03%
- 5Y*
- 9.72%
- 10Y*
- —
- ALL TIME*
- 10.46%
COWZ
- 1D
- -0.22%
- 1M
- 6.77%
- 6M
- 8.18%
- YTD
- 13.59%
- 1Y
- 24.65%
- 3Y*
- 12.39%
- 5Y*
- 11.17%
- 10Y*
- —
- ALL TIME*
- 13.15%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $78.02M | $64.36M | $62.16M | |
| $4.78K | $5.20K | $48.10K |
PSFM vs. COWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSFM Pacer Swan SOS Flex (April) ETF | 11.18% | 7.28% | 14.18% | 18.32% | -5.23% | 11.47% |
COWZ Pacer US Cash Cows 100 ETF | 13.59% | 8.98% | 10.64% | 14.73% | 0.19% | 17.25% |
Correlation
The correlation between PSFM and COWZ is 0.32, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.32 |
Correlation (3Y) Balances recent behavior with more history. | 0.55 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021 | 0.67 |
Over the past year, the correlation between PSFM and COWZ has dropped to 0.32 - well below their long-term average of 0.67, suggesting their price drivers have been diverging.
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Return for Risk
PSFM vs. COWZ — Risk / Return Rank
PSFM
COWZ
PSFM vs. COWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Flex (April) ETF (PSFM) 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.
| PSFM | COWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.37 | ||
| Omega ratioGain probability vs. loss probability | 1.88 | 1.37 | +0.51 |
| Calmar ratioReturn relative to maximum drawdown | 11.04 | 4.16 | +6.88 |
| Martin ratioReturn relative to average drawdown | 51.63 | 12.18 | +39.45 |
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Drawdowns
PSFM vs. COWZ - Drawdown Comparison
The maximum PSFM drawdown since its inception was -14.33%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PSFM and COWZ.
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Drawdown Indicators
| PSFM | COWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.33% | -38.63% | +24.30% |
Max Drawdown (1Y)Largest decline over 1 year | -1.48% | -5.95% | +4.47% |
Max Drawdown (3Y)Largest decline over 3 years | -14.12% | -22.00% | +7.88% |
Max Drawdown (5Y)Largest decline over 5 years | -14.33% | -22.00% | +7.67% |
Current DrawdownCurrent decline from peak | 0.00% | -0.22% | +0.22% |
Average DrawdownAverage peak-to-trough decline | -2.20% | -4.76% | +2.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.32% | 2.03% | -1.71% |
Volatility
PSFM vs. COWZ - Volatility Comparison
The current volatility for Pacer Swan SOS Flex (April) ETF (PSFM) is 1.42%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 4.95%. This indicates that PSFM 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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Volatility by Period
| PSFM | COWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.42% | 4.95% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 3.62% | 8.82% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.23% | 11.85% | -7.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 17.68% | -7.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.39% | 19.86% | -9.47% |
PSFM vs. COWZ - Expense Ratio Comparison
PSFM has a 0.61% expense ratio, which is higher than COWZ's 0.49% expense ratio.
Dividends
PSFM vs. COWZ - Dividend Comparison
PSFM has not paid dividends to shareholders, while COWZ's dividend yield for the trailing twelve months is around 1.82%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COWZ Pacer US Cash Cows 100 ETF | 1.82% | 2.19% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% |
PSFM Pacer Swan SOS Flex (April) 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
PSFM and COWZ have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COWZ has higher volatility (4.95%) compared to PSFM (1.42%). In terms of maximum drawdown, PSFM dropped -14.33% vs COWZ's -38.63%.
On 5-year performance, COWZ leads with 11.17% vs 9.72% for PSFM. On fees, COWZ is cheaper at 0.49% per year. On volatility, PSFM has been the lower-risk option at 1.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COWZ has performed better with a 11.17% return vs 9.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COWZ is cheaper with a 0.49% expense ratio, compared with 0.61% for PSFM.
COWZ has the higher dividend yield at 1.82%, compared with 0.00% for PSFM.
PSFM is categorized as Defined Outcome, while COWZ is Mid Cap Value Equities. Their fees differ too: 0.61% for PSFM and 0.49% for COWZ.
PSFM currently has the higher Sharpe Ratio (3.87 vs 2.09), 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.
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