TRND vs. COWZ

Last updated Jun 5, 2026

TRND (Pacer Trendpilot Fund of Funds ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - TRND is a Large Cap Blend Equities fund tracking the Pacer Trendpilot Fund of Funds 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, TRND returned 6.27%/yr vs 10.60%/yr for COWZ. A 0.71 correlation means they provide meaningful diversification when combined. TRND charges 0.77%/yr vs 0.49%/yr for COWZ.

Performance

TRND vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot Fund of Funds ETF (TRND) 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, TRND achieves a 10.26% return, which is significantly higher than COWZ's 8.30% return.

TRND

• 1D: 0.09%
• 1M: 4.42%
• YTD: 10.26%
• 6M: 10.38%
• 1Y: 21.50%
• 3Y*: 11.99%
• 5Y*: 6.27%
• 10Y*: —

COWZ

• 1D: 0.11%
• 1M: 2.05%
• YTD: 8.30%
• 6M: 8.95%
• 1Y: 22.75%
• 3Y*: 14.62%
• 5Y*: 10.60%
• 10Y*: —

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

TRND vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
TRND Pacer Trendpilot Fund of Funds ETF	10.26%	6.03%	11.97%	16.48%	-15.37%	12.95%	4.73%	7.79%
COWZ Pacer US Cash Cows 100 ETF	8.30%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	6.89%

Correlation

The correlation between TRND and COWZ is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.69
Correlation (All Time) Calculated using the full available price history since May 7, 2019	0.71

The correlation between TRND and COWZ shifts across timeframes, from 0.59 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

TRND vs. COWZ - Sectors Allocation Comparison

Sectors	TRND	COWZ
Technology	30.6%	16.0%
Industrials	13.4%	8.4%
Financial Services	13.2%	-
Consumer Cyclical	10.0%	11.7%
Communication Services	7.7%	10.4%
Healthcare	7.4%	21.8%
Consumer Defensive	5.5%	10.9%
Energy	3.8%	16.9%
Basic Materials	3.4%	3.7%
Real Estate	2.7%	-
Utilities	2.3%	-

Return for Risk

TRND vs. COWZ — Risk / Return Rank

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

TRND

TRND Risk / Return Rank: 58
TRND Sharpe Ratio Rank: 58
TRND Sortino Ratio Rank: 59
TRND Omega Ratio Rank: 57
TRND Calmar Ratio Rank: 55
TRND Martin Ratio Rank: 63

COWZ

COWZ Risk / Return Rank: 69
COWZ Sharpe Ratio Rank: 63
COWZ Sortino Ratio Rank: 67
COWZ Omega Ratio Rank: 61
COWZ Calmar Ratio Rank: 85
COWZ Martin Ratio Rank: 68

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.

TRND vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot Fund of Funds ETF (TRND) 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.

	TRND	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.06	-0.14
Sortino ratio: Return per unit of downside risk	2.73	3.05	-0.31
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.70	4.57	-1.87
Martin ratio: Return relative to average drawdown	11.32	12.47	-1.15
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRND vs. COWZ - Sharpe Ratio Comparison

The current TRND Sharpe Ratio is 1.92, which is comparable to the COWZ Sharpe Ratio of 2.06. The chart below compares the historical Sharpe Ratios of TRND 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.

Sharpe Ratios by Period

	TRND	COWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.06	-0.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	0.60	+0.04
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.65	+0.01

Drawdowns

TRND vs. COWZ - Drawdown Comparison

The maximum TRND drawdown since its inception was -17.88%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for TRND and COWZ.

Drawdown Indicators

	TRND	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-38.63%	+20.75%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-5.00%	-3.00%
Max Drawdown (3Y) Largest decline over 3 years	-9.56%	-22.00%	+12.44%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	-22.00%	+5.79%
Current Drawdown Current decline from peak	-0.29%	-0.80%	+0.51%
Average Drawdown Average peak-to-trough decline	-5.22%	-4.80%	-0.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.83%	+0.07%

Volatility

TRND vs. COWZ - Volatility Comparison

Pacer Trendpilot Fund of Funds ETF (TRND) has a higher volatility of 3.48% compared to Pacer US Cash Cows 100 ETF (COWZ) at 2.50%. This indicates that TRND'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.

Volatility by Period

	TRND	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	2.50%	+0.98%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	7.12%	+1.85%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	11.08%	+0.15%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.71%	17.63%	-7.92%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.18%	19.92%	-8.74%

TRND vs. COWZ - Expense Ratio Comparison

TRND has a 0.77% expense ratio, which is higher than COWZ's 0.49% expense ratio.

Dividends

TRND vs. COWZ - Dividend Comparison

TRND's dividend yield for the trailing twelve months is around 2.10%, less than COWZ's 2.16% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	2.16%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
TRND Pacer Trendpilot Fund of Funds ETF	2.10%	2.32%	2.31%	2.51%	1.76%	0.93%	0.60%	0.93%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both TRND and COWZ in my portfolio?

TRND and COWZ have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRND or COWZ?

TRND has higher volatility (3.48%) compared to COWZ (2.50%). In terms of maximum drawdown, TRND dropped -17.88% vs COWZ's -38.63%.

Which ETF is better, TRND or COWZ?

On 5-year performance, COWZ leads with 10.60% vs 6.27% for TRND. On fees, COWZ is cheaper at 0.49% per year. On volatility, COWZ has been the lower-risk option at 2.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRND or COWZ?

Over the 5-year period, COWZ has performed better with a 10.60% return vs 6.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRND or COWZ?

COWZ is cheaper with a 0.49% expense ratio, compared with 0.77% for TRND.

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

COWZ has the higher dividend yield at 2.16%, compared with 2.10% for TRND.

What is the main difference between TRND and COWZ?

TRND is categorized as Large Cap Blend Equities, while COWZ is Mid Cap Value Equities. TRND tracks Pacer Trendpilot Fund of Funds Index, while COWZ tracks Pacer US Cash Cows 100 Index. Their fees differ too: 0.77% for TRND and 0.49% for COWZ.

Which has better risk-adjusted returns?

COWZ currently has the higher Sharpe Ratio (2.06 vs 1.92), 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.