XRLV vs. COWZ

Last updated Jun 4, 2026

XRLV (Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - XRLV is a S&P 500 fund tracking the S&P 500 Low Volatility Rate Response Index, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. XRLV charges 0.25%/yr vs 0.49%/yr for COWZ.

Performance

XRLV vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

XRLV

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COWZ

• 1D: -0.34%
• 1M: 2.61%
• YTD: 8.18%
• 6M: 9.03%
• 1Y: 22.23%
• 3Y*: 14.44%
• 5Y*: 10.57%
• 10Y*: —

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

XRLV vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	6.34%	4.11%	14.11%	0.06%	-4.77%	27.39%	2.56%	29.80%	-3.28%	23.51%
COWZ Pacer US Cash Cows 100 ETF	8.18%	8.98%	10.64%	14.73%	0.19%	42.57%	11.65%	23.41%	-10.05%	20.22%

Correlation

The correlation between XRLV and COWZ is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (All Time) Calculated using the full available price history since Dec 20, 2016	0.68

Over the past year, the correlation between XRLV and COWZ has dropped to 0.41 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.

XRLV vs. COWZ - Sectors Allocation Comparison

Sectors	XRLV	COWZ
Utilities	21.5%	-
Financial Services	16.3%	-
Consumer Defensive	15.3%	10.9%
Real Estate	11.6%	-
Healthcare	8.4%	21.8%
Industrials	7.2%	8.4%
Consumer Cyclical	7.1%	11.7%
Technology	5.6%	16.0%
Basic Materials	3.1%	3.7%
Communication Services	2.8%	10.4%
Energy	1.1%	16.9%

Return for Risk

XRLV vs. COWZ — Risk / Return Rank

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

COWZ

COWZ Risk / Return Rank: 65
COWZ Sharpe Ratio Rank: 59
COWZ Sortino Ratio Rank: 62
COWZ Omega Ratio Rank: 57
COWZ Calmar Ratio Rank: 83
COWZ Martin Ratio Rank: 65

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.

XRLV vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF (XRLV) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XRLV	COWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.02	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.65	—

Drawdowns

Drawdown Indicators

	XRLV	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	—	-38.63%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-5.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.00%	—
Current Drawdown Current decline from peak	—	-0.91%	—
Average Drawdown Average peak-to-trough decline	—	-4.81%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.83%	—

Volatility

Volatility by Period

	XRLV	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.56%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.12%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.13%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.63%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.93%	—

XRLV vs. COWZ - Expense Ratio Comparison

XRLV has a 0.25% expense ratio, which is lower than COWZ's 0.49% expense ratio.

Dividends

XRLV vs. COWZ - Dividend Comparison

XRLV's dividend yield for the trailing twelve months is around 1.53%, less than COWZ's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COWZ Pacer US Cash Cows 100 ETF	1.99%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%	0.00%
XRLV Invesco S&P 500 ex-Rate Sensitive Low Volatility ETF	1.53%	2.15%	1.94%	2.57%	1.96%	1.26%	1.65%	1.66%	1.76%	1.39%	1.71%	1.07%

Frequently Asked Questions

Can I hold both XRLV and COWZ in my portfolio?

XRLV and COWZ have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XRLV or COWZ?

On fees, XRLV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XRLV or COWZ?

XRLV is cheaper with a 0.25% expense ratio, compared with 0.49% for COWZ.

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

COWZ has the higher dividend yield at 1.99%, compared with 1.53% for XRLV.

What is the main difference between XRLV and COWZ?

XRLV is categorized as S&P 500, while COWZ is Mid Cap Value Equities. XRLV tracks S&P 500 Low Volatility Rate Response Index, while COWZ tracks Pacer US Cash Cows 100 Index. They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.25% for XRLV and 0.49% for COWZ.