VTIP vs. COWZ
VTIP (Vanguard Short-Term Inflation-Protected Securities ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - VTIP is a Inflation-Protected Bonds fund tracking the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year 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, VTIP returned 3.37%/yr vs 10.13%/yr for COWZ. At a 0.08 correlation, their price movements are largely independent. VTIP charges 0.03%/yr vs 0.49%/yr for COWZ.
Performance
VTIP vs. COWZ - Performance Comparison
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Returns By Period
In the year-to-date period, VTIP achieves a 1.85% return, which is significantly lower than COWZ's 6.93% return.
VTIP
- 1D
- -0.04%
- 1M
- -0.06%
- YTD
- 1.85%
- 6M
- 1.95%
- 1Y
- 4.51%
- 3Y*
- 5.25%
- 5Y*
- 3.37%
- 10Y*
- 3.09%
COWZ
- 1D
- 0.82%
- 1M
- 1.92%
- YTD
- 6.93%
- 6M
- 6.01%
- 1Y
- 19.20%
- 3Y*
- 13.01%
- 5Y*
- 10.13%
- 10Y*
- —
VTIP vs. COWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 1.85% | 6.07% | 4.74% | 4.62% | -2.94% | 5.36% | 4.95% | 4.86% | 0.56% | 0.82% |
COWZ Pacer US Cash Cows 100 ETF | 6.93% | 8.98% | 10.64% | 14.73% | 0.19% | 42.57% | 11.65% | 23.41% | -10.05% | 20.22% |
Correlation
The correlation between VTIP and COWZ is 0.07, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.07 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.16 |
Correlation (All Time) Calculated using the full available price history since Dec 19, 2016 | 0.08 |
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Return for Risk
VTIP vs. COWZ — Risk / Return Rank
VTIP
COWZ
VTIP vs. COWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) 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.
| VTIP | COWZ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.44 | ||
| Sortino ratioReturn per unit of downside risk | +2.82 | ||
| Omega ratioGain probability vs. loss probability | 1.65 | 1.29 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 6.57 | 3.65 | +2.92 |
| Martin ratioReturn relative to average drawdown | 25.36 | 9.73 | +15.63 |
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Drawdowns
VTIP vs. COWZ - Drawdown Comparison
The maximum VTIP drawdown since its inception was -6.27%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for VTIP and COWZ.
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Drawdown Indicators
| VTIP | COWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.27% | -38.63% | +32.36% |
Max Drawdown (1Y)Largest decline over 1 year | -0.70% | -5.00% | +4.30% |
Max Drawdown (3Y)Largest decline over 3 years | -0.98% | -22.00% | +21.02% |
Max Drawdown (5Y)Largest decline over 5 years | -5.50% | -22.00% | +16.50% |
Max Drawdown (10Y)Largest decline over 10 years | -6.27% | — | — |
Current DrawdownCurrent decline from peak | -0.22% | -2.05% | +1.83% |
Average DrawdownAverage peak-to-trough decline | -1.04% | -4.80% | +3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.18% | 1.88% | -1.70% |
Volatility
VTIP vs. COWZ - Volatility Comparison
The current volatility for Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) is 0.40%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 3.27%. This indicates that VTIP 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.
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Volatility by Period
| VTIP | COWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.40% | 3.27% | -2.87% |
Volatility (6M)Calculated over the trailing 6-month period | 1.04% | 7.20% | -6.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.50% | 11.19% | -9.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.77% | 17.64% | -14.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.74% | 19.91% | -17.17% |
VTIP vs. COWZ - Expense Ratio Comparison
VTIP has a 0.03% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Dividends
VTIP vs. COWZ - Dividend Comparison
VTIP's dividend yield for the trailing twelve months is around 3.59%, more than COWZ's 1.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COWZ Pacer US Cash Cows 100 ETF | 1.93% | 2.19% | 1.82% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.95% | 0.13% |
VTIP Vanguard Short-Term Inflation-Protected Securities ETF | 3.59% | 3.81% | 2.70% | 2.86% | 6.84% | 4.68% | 1.20% | 1.95% | 2.45% | 1.52% | 0.76% |
Frequently Asked Questions
VTIP and COWZ have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
COWZ has higher volatility (3.27%) compared to VTIP (0.40%). In terms of maximum drawdown, VTIP dropped -6.27% vs COWZ's -38.63%.
On 5-year performance, COWZ leads with 10.13% vs 3.37% for VTIP. On fees, VTIP is cheaper at 0.03% per year. On volatility, VTIP has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COWZ has performed better with a 10.13% return vs 3.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VTIP is cheaper with a 0.03% expense ratio, compared with 0.49% for COWZ.
VTIP has the higher dividend yield at 3.59%, compared with 1.93% for COWZ.
VTIP is categorized as Inflation-Protected Bonds, while COWZ is Mid Cap Value Equities. VTIP tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, while COWZ tracks Pacer US Cash Cows 100 Index. They also come from different issuers: Vanguard and Pacer. Their fees differ too: 0.03% for VTIP and 0.49% for COWZ.
VTIP currently has the higher Sharpe Ratio (3.07 vs 1.63), 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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