PSK vs. COWZ
Compare and contrast key facts about SPDR ICE Preferred Securities ETF (PSK) and Pacer US Cash Cows 100 ETF (COWZ).
PSK and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSK is a passively managed fund by State Street that tracks the performance of the PSK-US - ICE Exchange-Listed Fixed& Adjustable Rate Preferred Securities Index. It was launched on Sep 16, 2009. 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 PSK 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: PSK or COWZ.
Key characteristics
| PSK | COWZ | |
|---|---|---|
| YTD Return | 2.30% | 7.75% |
| 1Y Return | 10.07% | 26.13% |
| 3Y Return (Ann) | -2.45% | 11.01% |
| 5Y Return (Ann) | 0.98% | 16.67% |
| Sharpe Ratio | 0.92 | 1.90 |
| Daily Std Dev | 10.49% | 13.30% |
| Max Drawdown | -30.10% | -38.63% |
| Current Drawdown | -10.12% | -4.01% |
Correlation
The correlation between PSK and COWZ is 0.39, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
PSK vs. COWZ - Performance Comparison
In the year-to-date period, PSK achieves a 2.30% return, which is significantly lower than COWZ's 7.75% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSK vs. COWZ - Expense Ratio Comparison
PSK has a 0.45% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
PSK vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE Preferred Securities ETF (PSK) 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
PSK vs. COWZ - Dividend Comparison
PSK's dividend yield for the trailing twelve months is around 6.43%, more than COWZ's 1.85% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSK SPDR ICE Preferred Securities ETF | 6.43% | 6.44% | 6.55% | 5.03% | 5.49% | 5.44% | 6.47% | 6.91% | 5.92% | 5.35% | 5.65% | 7.73% |
COWZ Pacer US Cash Cows 100 ETF | 1.85% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSK vs. COWZ - Drawdown Comparison
The maximum PSK drawdown since its inception was -30.10%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PSK and COWZ. For additional features, visit the drawdowns tool.
Volatility
PSK vs. COWZ - Volatility Comparison
SPDR ICE Preferred Securities ETF (PSK) and Pacer US Cash Cows 100 ETF (COWZ) have volatilities of 3.71% and 3.89%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.