RYT vs. COWZ
Compare and contrast key facts about Invesco S&P 500® Equal Weight Technology ETF (RYT) and Pacer US Cash Cows 100 ETF (COWZ).
RYT and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RYT is a passively managed fund by Invesco that tracks the performance of the S&P Equal Weight Index Information Technology. It was launched on Nov 7, 2006. 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 RYT 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: RYT or COWZ.
Key characteristics
| RYT | COWZ |
|---|
Correlation
The correlation between RYT and COWZ is 0.67, 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
RYT vs. COWZ - Performance Comparison
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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RYT vs. COWZ - Expense Ratio Comparison
RYT has a 0.40% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Risk-Adjusted Performance
RYT vs. COWZ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Equal Weight Technology ETF (RYT) 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
RYT vs. COWZ - Dividend Comparison
RYT has not paid dividends to shareholders, while COWZ's dividend yield for the trailing twelve months is around 1.81%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RYT Invesco S&P 500® Equal Weight Technology ETF | 0.00% | 0.97% | 0.72% | 0.51% | 1.30% | 0.93% | 0.98% | 0.85% | 1.17% | 1.18% | 1.18% | 0.82% |
COWZ Pacer US Cash Cows 100 ETF | 1.81% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% | 0.00% | 0.00% | 0.00% |
Drawdowns
RYT vs. COWZ - Drawdown Comparison
Volatility
RYT vs. COWZ - Volatility Comparison
The current volatility for Invesco S&P 500® Equal Weight Technology ETF (RYT) is 0.00%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 3.94%. This indicates that RYT 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.