QSIX vs. ICOW
QSIX (Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both exchange-traded funds - QSIX is a Nasdaq-100 fund tracking the Nasdaq-100 Index, while ICOW is a Foreign Large Cap Equities fund tracking the Pacer Developed Markets International Cash Cows 100 Index. Both are passively managed. Over the past year, QSIX returned 32.02% vs 27.98% for ICOW. At a 0.47 correlation, their price movements are largely independent. QSIX charges 0.60%/yr vs 0.65%/yr for ICOW.
Performance
QSIX vs. ICOW - Performance Comparison
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Returns By Period
In the year-to-date period, QSIX achieves a 15.33% return, which is significantly higher than ICOW's 8.64% return.
QSIX
- 1D
- -2.89%
- 1M
- -0.31%
- YTD
- 15.33%
- 6M
- 13.92%
- 1Y
- 32.02%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ICOW
- 1D
- -2.08%
- 1M
- -6.45%
- YTD
- 8.64%
- 6M
- 8.47%
- 1Y
- 27.98%
- 3Y*
- 16.87%
- 5Y*
- 8.76%
- 10Y*
- —
QSIX vs. ICOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
QSIX Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF | 15.33% | 18.54% | 4.81% |
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 8.64% | 36.95% | -6.74% |
Correlation
The correlation between QSIX and ICOW is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Sep 24, 2024 | 0.47 |
The correlation between QSIX and ICOW has been stable across timeframes, ranging from 0.47 to 0.55 - a consistent structural relationship.
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Return for Risk
QSIX vs. ICOW — Risk / Return Rank
QSIX
ICOW
QSIX vs. ICOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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.
| QSIX | ICOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.91 | 3.51 | -0.60 |
| Martin ratioReturn relative to average drawdown | 11.01 | 11.46 | -0.45 |
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Drawdowns
QSIX vs. ICOW - Drawdown Comparison
The maximum QSIX drawdown since its inception was -20.72%, smaller than the maximum ICOW drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for QSIX and ICOW.
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Drawdown Indicators
| QSIX | ICOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.72% | -43.49% | +22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -11.05% | -8.02% | -3.03% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.81% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.79% | — |
Current DrawdownCurrent decline from peak | -3.91% | -8.01% | +4.10% |
Average DrawdownAverage peak-to-trough decline | -3.05% | -7.56% | +4.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.92% | 2.45% | +0.47% |
Volatility
QSIX vs. ICOW - Volatility Comparison
Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF (QSIX) has a higher volatility of 8.16% compared to Pacer Developed Markets International Cash Cows 100 ETF (ICOW) at 5.85%. This indicates that QSIX's price experiences larger fluctuations and is considered to be riskier than ICOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| QSIX | ICOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.16% | 5.85% | +2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 13.28% | 11.90% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.41% | 14.75% | +1.66% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.76% | 16.77% | +2.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.76% | 18.51% | +1.25% |
QSIX vs. ICOW - Expense Ratio Comparison
QSIX has a 0.60% expense ratio, which is lower than ICOW's 0.65% expense ratio.
Dividends
QSIX vs. ICOW - Dividend Comparison
QSIX's dividend yield for the trailing twelve months is around 3.96%, more than ICOW's 2.35% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 2.35% | 3.03% | 4.39% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.61% | 0.80% |
QSIX Pacer Metarus Nasdaq 100 Dividend Multiplier 600 ETF | 3.96% | 4.02% | 1.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
QSIX and ICOW have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
QSIX has higher volatility (8.16%) compared to ICOW (5.85%). In terms of maximum drawdown, QSIX dropped -20.72% vs ICOW's -43.49%.
On 1-year performance, QSIX leads with 32.02% vs 27.98% for ICOW. On fees, QSIX is cheaper at 0.60% per year. On volatility, ICOW has been the lower-risk option at 5.85%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, QSIX has performed better with a 32.02% return vs 27.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
QSIX is cheaper with a 0.60% expense ratio, compared with 0.65% for ICOW.
QSIX has the higher dividend yield at 3.96%, compared with 2.35% for ICOW.
QSIX is categorized as Nasdaq-100, while ICOW is Foreign Large Cap Equities. QSIX tracks Nasdaq-100 Index, while ICOW tracks Pacer Developed Markets International Cash Cows 100 Index. Their fees differ too: 0.60% for QSIX and 0.65% for ICOW.
QSIX currently has the higher Sharpe Ratio (1.96 vs 1.91), 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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