SRVR vs. COWZ

Last updated Jul 17, 2026

SRVR (Pacer Data & Infrastructure Real Estate ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - SRVR is a REIT fund tracking the FTSE Nareit All Equity REITs Index, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Both are passively managed. Over the past 5 years, SRVR returned -3.67%/yr vs 11.26%/yr for COWZ. At a 0.47 correlation, their price movements are largely independent. Both charge a 0.49% expense ratio.

Performance

SRVR vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Data & Infrastructure Real Estate ETF (SRVR) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SRVR achieves a 6.87% return, which is significantly lower than COWZ's 8.89% return.

SRVR

• 1D: -1.78%
• 1M: -10.64%
• 6M: 0.07%
• YTD: 6.87%
• 1Y: -4.54%
• 3Y*: 3.89%
• 5Y*: -3.67%
• 10Y*: —

COWZ

• 1D: 1.88%
• 1M: 2.44%
• 6M: 5.23%
• YTD: 8.89%
• 1Y: 19.72%
• 3Y*: 12.35%
• 5Y*: 11.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

SRVR vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
SRVR Pacer Data & Infrastructure Real Estate ETF	6.87%	-1.99%	2.70%	6.84%	-31.90%	22.31%	11.99%	41.98%	-3.66%
COWZ Pacer US Cash Cows 100 ETF	8.89%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	23.41%	-11.65%

Correlation

The correlation between SRVR and COWZ is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.47
Correlation (5Y) Calculated over the trailing 5-year period	0.52
Correlation (All Time) Calculated using the full available price history since May 16, 2018	0.47

The correlation between SRVR and COWZ shifts across timeframes, from 0.38 (1 year) to 0.52 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

SRVR vs. COWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SRVR

SRVR Risk / Return Rank: 7
SRVR Sharpe Ratio Rank: 7
SRVR Sortino Ratio Rank: 6
SRVR Omega Ratio Rank: 7
SRVR Calmar Ratio Rank: 7
SRVR Martin Ratio Rank: 7

COWZ

COWZ Risk / Return Rank: 69
COWZ Sharpe Ratio Rank: 65
COWZ Sortino Ratio Rank: 70
COWZ Omega Ratio Rank: 63
COWZ Calmar Ratio Rank: 80
COWZ Martin Ratio Rank: 66

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SRVR vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Data & Infrastructure Real Estate ETF (SRVR) 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.

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.

	SRVR	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	-0.26	1.72	-1.99
Sortino ratio: Return per unit of downside risk	-0.26	2.54	-2.80
Omega ratio: Gain probability vs. loss probability	0.97	1.30	-0.33
Calmar ratio: Return relative to maximum drawdown	-0.30	3.33	-3.63
Martin ratio: Return relative to average drawdown	-0.60	9.34	-9.94

SRVR vs. COWZ - Sharpe Ratio Comparison

The current SRVR Sharpe Ratio is -0.26, which is lower than the COWZ Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of SRVR and COWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

SRVR vs. COWZ - Drawdown Comparison

The maximum SRVR drawdown since its inception was -40.99%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for SRVR and COWZ.

Drawdown Indicators

	SRVR	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-40.99%	-38.63%	-2.36%
Max Drawdown (1Y) Largest decline over 1 year	-14.98%	-5.95%	-9.03%
Max Drawdown (3Y) Largest decline over 3 years	-18.34%	-22.00%	+3.66%
Max Drawdown (5Y) Largest decline over 5 years	-40.99%	-22.00%	-18.99%
Current Drawdown Current decline from peak	-21.75%	-0.26%	-21.49%
Average Drawdown Average peak-to-trough decline	-15.27%	-4.78%	-10.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.55%	2.12%	+5.43%

Volatility

SRVR vs. COWZ - Volatility Comparison

The current volatility for Pacer Data & Infrastructure Real Estate ETF (SRVR) is 4.22%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 4.58%. This indicates that SRVR 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.

Volatility by Period

	SRVR	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.22%	4.58%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	14.02%	8.09%	+5.93%
Volatility (1Y) Calculated over the trailing 1-year period	17.29%	11.48%	+5.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.85%	17.66%	+2.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.41%	19.87%	+1.54%

SRVR vs. COWZ - Expense Ratio Comparison

Both SRVR and COWZ have an expense ratio of 0.49%.

Dividends

SRVR vs. COWZ - Dividend Comparison

SRVR's dividend yield for the trailing twelve months is around 2.86%, more than COWZ's 1.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	1.90%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
SRVR Pacer Data & Infrastructure Real Estate ETF	2.86%	2.67%	2.00%	3.69%	1.70%	1.19%	1.59%	1.61%	2.13%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SRVR and COWZ in my portfolio?

SRVR and COWZ have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SRVR or COWZ?

COWZ has higher volatility (4.58%) compared to SRVR (4.22%). In terms of maximum drawdown, SRVR dropped -40.99% vs COWZ's -38.63%.

Which ETF is better, SRVR or COWZ?

On 5-year performance, COWZ leads with 11.26% vs -3.67% for SRVR. Both ETFs have the same 0.49% expense ratio. On volatility, SRVR has been the lower-risk option at 4.22%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SRVR or COWZ?

Over the 5-year period, COWZ has performed better with a 11.26% return vs -3.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SRVR or COWZ?

SRVR and COWZ have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, SRVR or COWZ?

SRVR has the higher dividend yield at 2.86%, compared with 1.90% for COWZ.

What is the main difference between SRVR and COWZ?

SRVR is categorized as REIT, while COWZ is Mid Cap Value Equities. SRVR tracks FTSE Nareit All Equity REITs Index, while COWZ tracks Pacer US Cash Cows 100 Index.

Which has better risk-adjusted returns?

COWZ currently has the higher Sharpe Ratio (1.72 vs -0.26), 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.