Pacer Emerging Markets Cash Cows 100 ETF (ECOW) Performance
ECOW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.7% since Dec 31, 2025
- 1 year
- +14.6% total return
- 5 years
- +7.7% a year
- Since first price
- +6.9% a year since 2019
ECOW trailing returns vs SPY, QQQ, AGG
| Period | ECOW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.6% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.0% | −2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.8% | −3.1% | +7.8% | +8.4% | −1.5% |
| YTD | +11.7% | +9.1% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.6% | +8.1% | +14.4% | +15.9% | −1.1% |
| 3 years | +73.9%+20.3%/yr | +49.0% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.2%+7.7%/yr | +9.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionMay 6, 2019 | +65.0%+6.9%/yr | +6.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: ECOW vs SPY
From May 6, 2019: ECOW grew to $16,503, SPY to $28,957.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
ECOW returns by calendar year
4 of 6 full years positive. Best 2025 (+32.5%), worst 2022 (−19.3%). 2026 is year to date.
ECOW annual returns table
| Year | ECOW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.7% | −8.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +32.5% | −14.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.2% | −12.2% | +24.9% | +25.6% | +1.3% |
| 2023 | +15.8% | −12.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −19.3% | −33.3% | −18.2% | −32.6% | −13.0% |
| 2021 | +7.5% | −12.5% | +28.7% | +27.4% | −1.8% |
| 2020 | −2.5% | −40.3% | +18.3% | +48.6% | +7.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
ECOW largest drawdowns
Now 4.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 3, 2020 | −40.3% | Mar 18, 2020 | Jan 13, 2021 | 2 months | 1.0 years |
| Jun 14, 2021 | −33.7% | Sep 30, 2022 | Oct 2, 2024 | 1.3 years | 3.3 years |
| Oct 7, 2024 | −18.8% | Apr 8, 2025 | Jun 12, 2025 | 6 months | 8 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
ECOW risk statistics
| Statistic | 3 years | 5 years | Since 2019 |
|---|---|---|---|
| Annualized return | +16.9% | +7.3% | +7.6% |
| Volatility (annualized) | 13.1% | 17.1% | 18.5% |
| Sharpe ratio | 0.93 | 0.29 | 0.35 |
| Sortino ratio | 1.67 | 0.45 | 0.52 |
| Best month | +8.1% | +16.2% | +16.2% |
| Worst month | −6.7% | −12.0% | −17.0% |
| Best 12 months | +47.4% | +47.4% | +47.5% |
| Worst 12 months | +3.2% | −27.6% | −27.6% |
| Positive months | 64% | 57% | 58% |
| Beta vs S&P 500 | 0.43 | 0.62 | — |
| Correlation with S&P 500 | 0.40 | 0.57 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
ECOW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 78 | −27.6% | +10.7% | +47.5% | 72% |
| 3-year (a year) | 54 | −6.8% | +2.3% | +21.2% | 65% |
| 5-year (a year) | 30 | +0.2% | +6.9% | +10.5% | 100% |
Every holding period starting at a month-end since 2019. Returns for 3 years and longer are annualized.
ECOW performance overview
Pacer Emerging Markets Cash Cows 100 ETF (ECOW) returned +14.6% over the past year and +7.7% a year over five years, with distributions reinvested. Since its first recorded price in 2019 it has returned +6.9% a year, turning $10,000 into about $16,503. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −40.3%, from Jan 3, 2020 to Mar 18, 2020, and it took 10 months to get back to the old high. ECOW finished 4 of its 6 full calendar years with a gain; the best year was 2025 (+32.5%) and the worst 2022 (−19.3%). Volatility has been 18.5% a year.
Related: ECOW chart, ECOW holdings, ECOW dividends. See the ECOW overview for the latest quote and fund facts.
ECOW performance FAQ
What is the ECOW return over the past year?
ECOW returned +14.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 8.1%.
What is the average annual return of ECOW?
ECOW has returned +7.7% a year over 5 years, +6.9% a year since May 6, 2019 (total return, distributions reinvested).
How much would $10,000 invested in ECOW be worth?
$10,000 invested in ECOW at its first recorded close on May 6, 2019 would be worth about $16,503 on October 23, 2026 with distributions reinvested.
What was the worst year for ECOW?
The worst calendar year was 2022, with a total return of −19.3%. The best was 2025 at +32.5%.
What is the biggest drawdown of ECOW?
The largest peak-to-trough decline was −40.3% between January 3, 2020 and March 18, 2020. It recovered to the old high on January 13, 2021, 10 months after the bottom.
How volatile is ECOW?
Over the past 3 years ECOW had an annualized volatility of 13.1% and a Sharpe ratio of 0.93 (excess return over 1–3 month T-bills per unit of risk).