QOWZ vs. COWZ
Compare and contrast key facts about Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) and Pacer US Cash Cows 100 ETF (COWZ).
QOWZ and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. QOWZ is a passively managed fund by Invesco that tracks the performance of the Nasdaq US Free Cash Flow Achievers Index - Benchmark TR Gross. It was launched on Dec 4, 2023. 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 QOWZ 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: QOWZ or COWZ.
Correlation
The correlation between QOWZ and COWZ is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
QOWZ vs. COWZ - Performance Comparison
Key characteristics
QOWZ:
1.48
COWZ:
0.90
QOWZ:
2.04
COWZ:
1.33
QOWZ:
1.26
COWZ:
1.16
QOWZ:
3.05
COWZ:
1.42
QOWZ:
9.51
COWZ:
3.06
QOWZ:
2.75%
COWZ:
4.02%
QOWZ:
17.78%
COWZ:
13.65%
QOWZ:
-8.60%
COWZ:
-38.63%
QOWZ:
-4.25%
COWZ:
-5.26%
Returns By Period
In the year-to-date period, QOWZ achieves a 0.87% return, which is significantly lower than COWZ's 2.48% return.
QOWZ
0.87%
-3.95%
7.41%
21.89%
N/A
N/A
COWZ
2.48%
-0.84%
1.42%
10.21%
16.08%
N/A
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QOWZ vs. COWZ - Expense Ratio Comparison
QOWZ has a 0.39% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
QOWZ vs. COWZ — Risk-Adjusted Performance Rank
QOWZ
COWZ
QOWZ vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) 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
QOWZ vs. COWZ - Dividend Comparison
QOWZ's dividend yield for the trailing twelve months is around 0.66%, less than COWZ's 1.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
QOWZ Invesco Nasdaq Free Cash Flow Achievers ETF | 0.66% | 0.66% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
COWZ Pacer US Cash Cows 100 ETF | 1.78% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% |
Drawdowns
QOWZ vs. COWZ - Drawdown Comparison
The maximum QOWZ drawdown since its inception was -8.60%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for QOWZ and COWZ. For additional features, visit the drawdowns tool.
Volatility
QOWZ vs. COWZ - Volatility Comparison
Invesco Nasdaq Free Cash Flow Achievers ETF (QOWZ) has a higher volatility of 5.30% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.96%. This indicates that QOWZ'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.