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XSVM vs. COWZ
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XSVM vs. COWZ

Last updated Jun 13, 2026

XSVM (Invesco S&P SmallCap Value with Momentum ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - XSVM is a Momentum fund tracking the S&P SmallCap 600 High Momentum Value 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, XSVM returned 7.44%/yr vs 10.13%/yr for COWZ. Their correlation of 0.81 suggests significant overlap in exposure. XSVM charges 0.37%/yr vs 0.49%/yr for COWZ.

Performance

XSVM vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Value with Momentum ETF (XSVM) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, XSVM achieves a 21.88% return, which is significantly higher than COWZ's 6.93% return.

XSVM

1D
1.17%
1M
5.46%
YTD
21.88%
6M
18.48%
1Y
42.01%
3Y*
16.38%
5Y*
7.44%
10Y*
13.23%

COWZ

1D
0.82%
1M
1.75%
YTD
6.93%
6M
6.01%
1Y
19.20%
3Y*
13.01%
5Y*
10.13%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

XSVM vs. COWZ - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
XSVM
Invesco S&P SmallCap Value with Momentum ETF		21.88%7.47%2.30%20.20%-13.63%56.36%5.08%30.01%-12.33%3.62%
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 XSVM and COWZ is 0.68, 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

0.68

Correlation (3Y)
Calculated over the trailing 3-year period

0.80

Correlation (5Y)
Calculated over the trailing 5-year period

0.84

Correlation (All Time)
Calculated using the full available price history since Dec 19, 2016

0.81

The correlation between XSVM and COWZ shifts across timeframes, from 0.68 (1 year) to 0.84 (5 years), reflecting how their relationship changes across market environments.

XSVM vs. COWZ - Sectors Allocation Comparison

Sectors
XSVM
COWZ

Financial Services

38.8%

-

Consumer Cyclical

17.0%
11.7%

Energy

9.9%
16.9%

Technology

7.8%
16.0%

Consumer Defensive

7.3%
10.9%

Industrials

6.7%
8.4%

Real Estate

5.0%

-

Communication Services

2.9%
10.4%

Basic Materials

1.9%
3.7%

Healthcare

1.4%
21.8%

Utilities

1.3%

-

Financial Services

XSVM
38.8%
COWZ

-

Consumer Cyclical

XSVM
17.0%
COWZ
11.7%

Energy

XSVM
9.9%
COWZ
16.9%

Technology

XSVM
7.8%
COWZ
16.0%

Consumer Defensive

XSVM
7.3%
COWZ
10.9%

Industrials

XSVM
6.7%
COWZ
8.4%

Real Estate

XSVM
5.0%
COWZ

-

Communication Services

XSVM
2.9%
COWZ
10.4%

Basic Materials

XSVM
1.9%
COWZ
3.7%

Healthcare

XSVM
1.4%
COWZ
21.8%

Utilities

XSVM
1.3%
COWZ

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P SmallCap Value with Momentum ETF

Pacer US Cash Cows 100 ETF

Often compared with XSVM:
XSVM vs. XSMOXSVM vs. AVUVXSVM vs. RWJXSVM vs. XSHQXSVM vs. SPHBXSVM vs. DGRSXSVM vs. RYPRX
Often compared with COWZ:
COWZ vs. VOOCOWZ vs. VFLOCOWZ vs. SCHDCOWZ vs. GCOWCOWZ vs. COWGCOWZ vs. CALFCOWZ vs. VOOV

Return for Risk

XSVM vs. COWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XSVM
XSVM Risk / Return Rank: 7676
Overall Rank
XSVM Sharpe Ratio Rank: 7676
Sharpe Ratio Rank
XSVM Sortino Ratio Rank: 7878
Sortino Ratio Rank
XSVM Omega Ratio Rank: 7272
Omega Ratio Rank
XSVM Calmar Ratio Rank: 8383
Calmar Ratio Rank
XSVM Martin Ratio Rank: 7373
Martin Ratio Rank
COWZ
COWZ Risk / Return Rank: 6262
Overall Rank
COWZ Sharpe Ratio Rank: 5555
Sharpe Ratio Rank
COWZ Sortino Ratio Rank: 5959
Sortino Ratio Rank
COWZ Omega Ratio Rank: 5252
Omega Ratio Rank
COWZ Calmar Ratio Rank: 8080
Calmar Ratio Rank
COWZ Martin Ratio Rank: 6262
Martin Ratio Rank
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.

XSVM vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Value with Momentum ETF (XSVM) 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.

XSVMCOWZDifference
Sharpe ratioReturn per unit of total volatility
2.09
1.63

+0.46

Sortino ratioReturn per unit of downside risk
3.00
2.42

+0.58

Omega ratioGain probability vs. loss probability

1.37

1.29

+0.08

Calmar ratioReturn relative to maximum drawdown

3.86

3.65

+0.22

Martin ratioReturn relative to average drawdown

11.98

9.73

+2.25

XSVM vs. COWZ - Sharpe Ratio Comparison

The current XSVM Sharpe Ratio is 2.09, which is comparable to the COWZ Sharpe Ratio of 1.63. The chart below compares the historical Sharpe Ratios of XSVM 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.

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Drawdowns

XSVM vs. COWZ - Drawdown Comparison

The maximum XSVM drawdown since its inception was -62.57%, which is greater than COWZ's maximum drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for XSVM and COWZ.

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Drawdown Indicators

XSVMCOWZDifference

Max Drawdown

Largest peak-to-trough decline

-62.57%

-38.63%

-23.94%

Max Drawdown (1Y)

Largest decline over 1 year

-10.08%

-5.00%

-5.08%

Max Drawdown (3Y)

Largest decline over 3 years

-26.21%

-22.00%

-4.21%

Max Drawdown (5Y)

Largest decline over 5 years

-26.21%

-22.00%

-4.21%

Max Drawdown (10Y)

Largest decline over 10 years

-49.02%

—

—

Current Drawdown

Current decline from peak

0.00%

-2.05%

+2.05%

Average Drawdown

Average peak-to-trough decline

-11.55%

-4.80%

-6.75%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.26%

1.88%

+1.38%

Volatility

XSVM vs. COWZ - Volatility Comparison

Invesco S&P SmallCap Value with Momentum ETF (XSVM) has a higher volatility of 5.09% compared to Pacer US Cash Cows 100 ETF (COWZ) at 3.27%. This indicates that XSVM'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.

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Volatility by Period

XSVMCOWZDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.09%

3.27%

+1.82%

Volatility (6M)

Calculated over the trailing 6-month period

12.03%

7.20%

+4.83%

Volatility (1Y)

Calculated over the trailing 1-year period

18.60%

11.19%

+7.41%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.61%

17.64%

+4.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

25.08%

19.91%

+5.17%

XSVM vs. COWZ - Expense Ratio Comparison

XSVM has a 0.37% expense ratio, which is lower than COWZ's 0.49% expense ratio.

Dividends

XSVM vs. COWZ - Dividend Comparison

XSVM's dividend yield for the trailing twelve months is around 1.74%, less than COWZ's 1.93% yield.

PositionTTM20252024202320222021202020192018201720162015
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%0.00%
XSVM
Invesco S&P SmallCap Value with Momentum ETF		1.74%2.29%1.69%1.31%1.79%1.23%1.21%1.22%2.54%1.90%2.29%2.68%

Frequently Asked Questions

XSVM and COWZ have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

XSVM has higher volatility (5.09%) compared to COWZ (3.27%). In terms of maximum drawdown, XSVM dropped -62.57% vs COWZ's -38.63%.

On 5-year performance, COWZ leads with 10.13% vs 7.44% for XSVM. On fees, XSVM is cheaper at 0.37% per year. On volatility, COWZ has been the lower-risk option at 3.27%. 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 7.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

XSVM is cheaper with a 0.37% expense ratio, compared with 0.49% for COWZ.

COWZ has the higher dividend yield at 1.93%, compared with 1.74% for XSVM.

XSVM is categorized as Momentum, while COWZ is Mid Cap Value Equities. XSVM tracks S&P SmallCap 600 High Momentum Value Index, while COWZ tracks Pacer US Cash Cows 100 Index. They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.37% for XSVM and 0.49% for COWZ.

XSVM currently has the higher Sharpe Ratio (2.09 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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