- Issuer
- Pacer
- Inception Date
- Feb 23, 2016
- Region
- Developed Markets (Broad)
- Category
- Large Cap Value Equities, Dividend
- Leveraged
- 1x (No leverage)
- Index Tracked
- Pacer Global Cash Cows Dividends Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $3B
Share Price Chart
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Performance
GCOW Performance Chart
Pacer Global Cash Cows Dividend ETF (GCOW) is up 9.3% since the beginning of the year. GCOW is currently trading at $44 per share. Investors who bought $1,000 worth of GCOW shares 5 years ago would now be looking at an investment worth $1,798.
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Returns By Period
Pacer Global Cash Cows Dividend ETF (GCOW) has returned 9.29% so far this year and 22.33% over the past 12 months. Over the last ten years, GCOW has returned 9.81% per year, falling short of the S&P 500 Index benchmark, which averaged 13.61% annually.
Pacer Global Cash Cows Dividend ETF
- 1D
- -1.71%
- 1M
- -4.17%
- YTD
- 9.29%
- 6M
- 10.58%
- 1Y
- 22.33%
- 3Y*
- 14.99%
- 5Y*
- 12.45%
- 10Y*
- 9.81%
Benchmark (S&P 500 Index)
- 1D
- -1.21%
- 1M
- 0.23%
- YTD
- 8.39%
- 6M
- 10.39%
- 1Y
- 24.03%
- 3Y*
- 18.94%
- 5Y*
- 12.24%
- 10Y*
- 13.61%
GCOW Monthly Returns History
Based on dividend-adjusted daily data since Feb 23, 2016, GCOW's average daily return is +0.04%, while the average monthly return is +0.90%. At this rate, an investment would double in approximately 6.4 years.
Historically, 66% of months were positive and 34% were negative. The best month was Nov 2020 with a return of +16.6%, while the worst month was Mar 2020 at -16.3%. The longest winning streak lasted 7 consecutive months, and the longest losing streak was 3 months.
On a daily basis, GCOW closed higher 54% of trading days. The best single day was Mar 28, 2016 with a return of +20.5%, while the worst single day was Mar 29, 2016 at -15.7%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 7.01% | 7.78% | -1.84% | 0.30% | -1.08% | -2.71% | 9.29% | ||||||
| 2025 | 2.85% | 4.18% | 2.47% | -0.57% | 2.39% | 1.72% | 0.33% | 5.39% | -0.61% | 0.61% | 3.99% | 1.86% | 27.34% |
| 2024 | -1.75% | 0.09% | 3.99% | -1.73% | 3.55% | -2.47% | 4.24% | 3.47% | 1.21% | -3.43% | 0.60% | -3.82% | 3.52% |
| 2023 | 6.49% | -2.96% | 3.03% | 1.96% | -6.79% | 5.54% | 4.86% | -2.88% | -1.32% | -3.01% | 5.32% | 3.95% | 13.95% |
| 2022 | 4.64% | 0.49% | 2.14% | -2.24% | 5.09% | -9.80% | 1.75% | -4.95% | -8.74% | 7.96% | 12.71% | -1.32% | 5.49% |
| 2021 | 0.42% | 2.24% | 5.07% | 1.40% | 2.81% | -1.03% | 0.06% | 0.29% | -3.49% | 0.77% | -1.91% | 7.55% | 14.58% |
Benchmark Metrics
Pacer Global Cash Cows Dividend ETF has an annualized alpha of 1.13%, beta of 0.70, and R2 of 0.48 versus S&P 500 Index. Calculated based on daily prices since February 23, 2016.
- This ETF participated in 75.20% of S&P 500 Index downside but only 68.32% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.70 may look defensive, but with R2 of 0.48 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.48 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 1.13%
- Beta
- 0.70
- R²
- 0.48
- Upside Capture
- 68.32%
- Downside Capture
- 75.20%
Expense Ratio
GCOW has an expense ratio of 0.60%, placing it in the medium range.
Return for Risk
Risk / Return Rank
GCOW ranks 71 for risk / return — better than 71% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and compare them to S&P 500 Index.
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.
| GCOW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.10 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.35 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.28 | 2.65 | +1.63 |
| Martin ratioReturn relative to average drawdown | 11.81 | 11.88 | -0.07 |
Dividends
Dividend History
Pacer Global Cash Cows Dividend ETF provided a 4.81% dividend yield over the last twelve months, with an annual payout of $2.13 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $2.13 | $1.67 | $1.73 | $1.81 | $1.39 | $1.33 | $1.18 | $1.38 | $1.10 | $0.88 | $0.52 |
Dividend yield | 4.81% | 4.06% | 5.14% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% |
Monthly Dividends
The table displays the monthly dividend distributions for Pacer Global Cash Cows Dividend ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.42 | $0.00 | $0.00 | $0.42 | $0.84 | ||||||
| 2025 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $1.01 | $1.67 |
| 2024 | $0.00 | $0.00 | $0.35 | $0.00 | $0.00 | $0.72 | $0.00 | $0.00 | $0.32 | $0.00 | $0.00 | $0.36 | $1.73 |
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.58 | $0.00 | $0.00 | $0.79 | $0.00 | $0.00 | $0.28 | $1.81 |
| 2022 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.38 | $1.39 |
| 2021 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.61 | $0.00 | $0.00 | $0.28 | $1.33 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pacer Global Cash Cows Dividend ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pacer Global Cash Cows Dividend ETF was 37.64%, occurring on Mar 23, 2020. Recovery took 233 trading sessions.
The current Pacer Global Cash Cows Dividend ETF drawdown is 5.24%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -37.64%Mar 2020 | 2mo 2d | 11mo 8d | 1y 1moJan 2020 - Feb 2021 |
Bear market2022 | -21.48%Sep 2022 | 3mo 21d | 3mo 17d | 7mo 8dJun 2022 - Jan 2023 |
2016 correction2016 | -19.76%Jun 2016 | 3mo | 1y 3mo | 1y 6moMar 2016 - Oct 2017 |
Rate-hike selloffLate 2018 | -16.11%Dec 2018 | 10mo 29d | 10mo 15d | 1y 9moJan 2018 - Nov 2019 |
2025 selloff2025 | -12.35%Apr 2025 | 20d | 1mo 12d | 2mo 2dMar 2025 - May 2025 |
Drawdown Indicators
| GCOW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.64% | -56.78% | +19.14% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -9.10% | +3.86% |
Max Drawdown (3Y)Largest decline over 3 years | -12.35% | -18.90% | +6.55% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -25.43% | +3.95% |
Max Drawdown (10Y)Largest decline over 10 years | -37.64% | -33.92% | -3.72% |
Current DrawdownCurrent decline from peak | -5.24% | -2.49% | -2.75% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -10.72% | +4.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.90% | 2.03% | -0.13% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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