QDEF vs. COWZ
Compare and contrast key facts about FlexShares Quality Dividend Defensive Index Fund (QDEF) and Pacer US Cash Cows 100 ETF (COWZ).
QDEF and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QDEF is a passively managed fund by FlexShares that tracks the performance of the Northern Trust Quality Dividend Defensive Index. It was launched on Dec 14, 2012. COWZ is a passively managed fund by Pacer that tracks the performance of the Pacer US Cash Cows 100 Index. It was launched on Dec 16, 2016. Both QDEF 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.
Performance
QDEF vs. COWZ - Performance Comparison
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QDEF vs. COWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
QDEF FlexShares Quality Dividend Defensive Index Fund | -0.80% | 17.43% | 21.19% | 17.48% | -10.94% | 26.04% | 3.15% | 24.90% | -4.10% | 17.04% |
COWZ Pacer US Cash Cows 100 ETF | 3.91% | 8.98% | 10.64% | 14.73% | 0.19% | 42.57% | 11.65% | 23.41% | -10.05% | 20.22% |
Returns By Period
In the year-to-date period, QDEF achieves a -0.80% return, which is significantly lower than COWZ's 3.91% return.
QDEF
- 1D
- 0.36%
- 1M
- -4.45%
- YTD
- -0.80%
- 6M
- 0.54%
- 1Y
- 16.60%
- 3Y*
- 17.11%
- 5Y*
- 11.53%
- 10Y*
- 11.44%
COWZ
- 1D
- -0.37%
- 1M
- -3.51%
- YTD
- 3.91%
- 6M
- 9.24%
- 1Y
- 16.64%
- 3Y*
- 12.12%
- 5Y*
- 10.92%
- 10Y*
- —
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QDEF vs. COWZ - Expense Ratio Comparison
QDEF has a 0.37% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Return for Risk
QDEF vs. COWZ — Risk / Return Rank
QDEF
COWZ
QDEF vs. COWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for FlexShares Quality Dividend Defensive Index Fund (QDEF) 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.
| QDEF | COWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | 0.96 | +0.18 |
Sortino ratioReturn per unit of downside risk | 1.67 | 1.43 | +0.24 |
Omega ratioGain probability vs. loss probability | 1.25 | 1.21 | +0.04 |
Calmar ratioReturn relative to maximum drawdown | 1.51 | 1.20 | +0.31 |
Martin ratioReturn relative to average drawdown | 7.55 | 5.59 | +1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| QDEF | COWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 0.96 | +0.18 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | 0.62 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.71 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.80 | 0.63 | +0.17 |
Correlation
The correlation between QDEF and COWZ is 0.81, 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.
Dividends
QDEF vs. COWZ - Dividend Comparison
QDEF's dividend yield for the trailing twelve months is around 1.74%, less than COWZ's 2.07% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QDEF FlexShares Quality Dividend Defensive Index Fund | 1.74% | 1.74% | 1.85% | 2.21% | 2.42% | 1.84% | 2.50% | 3.17% | 7.10% | 2.70% | 2.90% | 3.00% |
COWZ Pacer US Cash Cows 100 ETF | 2.07% | 2.19% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% | 0.00% |
Drawdowns
QDEF vs. COWZ - Drawdown Comparison
The maximum QDEF drawdown since its inception was -35.74%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for QDEF and COWZ.
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Drawdown Indicators
| QDEF | COWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.74% | -38.63% | +2.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.03% | -13.55% | +2.52% |
Max Drawdown (5Y)Largest decline over 5 years | -21.37% | -22.00% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.74% | — | — |
Current DrawdownCurrent decline from peak | -4.69% | -3.72% | -0.97% |
Average DrawdownAverage peak-to-trough decline | -3.33% | -4.85% | +1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.21% | 2.92% | -0.71% |
Volatility
QDEF vs. COWZ - Volatility Comparison
FlexShares Quality Dividend Defensive Index Fund (QDEF) has a higher volatility of 3.93% compared to Pacer US Cash Cows 100 ETF (COWZ) at 2.96%. This indicates that QDEF'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.
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Volatility by Period
| QDEF | COWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.93% | 2.96% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 7.56% | 8.37% | -0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.70% | 17.50% | -2.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 17.73% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.18% | 20.08% | -3.90% |