XRLV vs. COWZ
Compare and contrast key facts about Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) and Pacer US Cash Cows 100 ETF (COWZ).
XRLV and COWZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. XRLV is a passively managed fund by Invesco that tracks the performance of the S&P 500 Low Volatility Rate Response (USD) TR. It was launched on Apr 9, 2015. 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 XRLV 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: XRLV or COWZ.
Performance
XRLV vs. COWZ - Performance Comparison
Returns By Period
In the year-to-date period, XRLV achieves a 18.68% return, which is significantly higher than COWZ's 15.47% return.
XRLV
18.68%
0.90%
12.14%
22.52%
8.78%
N/A
COWZ
15.47%
1.82%
8.43%
21.97%
16.65%
N/A
Key characteristics
| XRLV | COWZ | |
|---|---|---|
| Sharpe Ratio | 2.56 | 1.58 |
| Sortino Ratio | 3.59 | 2.31 |
| Omega Ratio | 1.47 | 1.27 |
| Calmar Ratio | 2.97 | 2.82 |
| Martin Ratio | 16.29 | 6.67 |
| Ulcer Index | 1.41% | 3.20% |
| Daily Std Dev | 8.95% | 13.50% |
| Max Drawdown | -38.31% | -38.63% |
| Current Drawdown | -0.57% | -1.78% |
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XRLV vs. COWZ - Expense Ratio Comparison
XRLV has a 0.25% expense ratio, which is lower than COWZ's 0.49% expense ratio.
Correlation
The correlation between XRLV and COWZ is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
XRLV vs. COWZ - Risk-Adjusted Performance 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.
Dividends
XRLV vs. COWZ - Dividend Comparison
XRLV's dividend yield for the trailing twelve months is around 1.90%, more than COWZ's 1.84% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
XRLV Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF | 1.90% | 2.56% | 1.96% | 1.26% | 1.66% | 1.66% | 1.76% | 1.40% | 1.71% | 1.07% |
COWZ Pacer US Cash Cows 100 ETF | 1.84% | 1.92% | 1.96% | 1.48% | 2.54% | 1.96% | 1.67% | 1.94% | 0.13% | 0.00% |
Drawdowns
XRLV vs. COWZ - Drawdown Comparison
The maximum XRLV drawdown since its inception was -38.31%, roughly equal to the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for XRLV and COWZ. For additional features, visit the drawdowns tool.
Volatility
XRLV vs. COWZ - Volatility Comparison
The current volatility for Invesco S&P 500® ex-Rate Sensitive Low Volatility ETF (XRLV) is 2.91%, while Pacer US Cash Cows 100 ETF (COWZ) has a volatility of 3.93%. This indicates that XRLV 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.