- Issuer
- Pacer
- Inception Date
- Jun 16, 2017
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Pacer Developed Markets International Cash Cows 100 Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Value
- Assets Under Management
- $2B
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ICOW Performance Chart
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) is up 12.4% since the beginning of the year. ICOW is currently trading at $43 per share. Investors who bought $1,000 worth of ICOW shares 5 years ago would now be looking at an investment worth $1,606.
Loading charts...
Returns By Period
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has returned 12.39% so far this year and 31.02% over the past 12 months.
Pacer Developed Markets International Cash Cows 100 ETF
- 1D
- -2.01%
- 1M
- -3.31%
- YTD
- 12.39%
- 6M
- 13.42%
- 1Y
- 31.02%
- 3Y*
- 16.73%
- 5Y*
- 9.94%
- 10Y*
- —
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%
ICOW Monthly Returns History
Based on dividend-adjusted daily data since Jun 19, 2017, ICOW's average daily return is +0.04%, while the average monthly return is +0.89%. At this rate, an investment would double in approximately 6.5 years.
Historically, 61% of months were positive and 39% were negative. The best month was Nov 2020 with a return of +20.0%, while the worst month was Mar 2020 at -17.3%. The longest winning streak lasted 14 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ICOW closed higher 53% of trading days. The best single day was Mar 24, 2020 with a return of +9.0%, while the worst single day was Mar 12, 2020 at -11.2%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.10% | 9.09% | -5.12% | 4.76% | 1.75% | -3.99% | 12.39% | ||||||
| 2025 | 2.59% | 2.76% | 2.88% | 1.08% | 4.54% | 3.27% | 0.13% | 4.99% | 2.33% | 4.37% | 1.10% | 1.94% | 36.95% |
| 2024 | -0.74% | -0.16% | 3.38% | -1.50% | 4.58% | -4.79% | 2.44% | 1.51% | 0.68% | -4.32% | -0.05% | -3.18% | -2.59% |
| 2023 | 7.70% | -1.69% | 2.73% | 1.28% | -6.27% | 7.08% | 6.22% | -3.39% | -0.59% | -3.78% | 5.15% | 4.22% | 18.94% |
| 2022 | 1.35% | -1.30% | 0.63% | -5.29% | 4.91% | -12.21% | 4.12% | -5.67% | -10.67% | 8.09% | 13.89% | -2.96% | -7.98% |
| 2021 | 1.13% | 2.79% | 5.10% | 2.66% | 3.81% | -1.62% | -0.98% | 0.45% | -3.00% | 0.10% | -4.31% | 5.34% | 11.52% |
Benchmark Metrics
Pacer Developed Markets International Cash Cows 100 ETF has an annualized alpha of 0.25%, beta of 0.75, and R2 of 0.58 versus S&P 500 Index. Calculated based on daily prices since June 19, 2017.
- This ETF participated in 86.22% of S&P 500 Index downside but only 75.15% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.25%
- Beta
- 0.75
- R²
- 0.58
- Upside Capture
- 75.15%
- Downside Capture
- 86.22%
Expense Ratio
ICOW has an expense ratio of 0.65%, placing it in the medium range.
Return for Risk
Risk / Return Rank
ICOW ranks 72 for risk / return — better than 72% 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 Developed Markets International Cash Cows 100 ETF (ICOW) 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.
| ICOW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.89 | 2.65 | +1.24 |
| Martin ratioReturn relative to average drawdown | 13.28 | 11.88 | +1.40 |
Dividends
Dividend History
Pacer Developed Markets International Cash Cows 100 ETF provided a 2.27% dividend yield over the last twelve months, with an annual payout of $0.98 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.98 | $1.17 | $1.28 | $1.13 | $1.43 | $0.66 | $0.70 | $0.85 | $0.63 | $0.24 |
Dividend yield | 2.27% | 3.03% | 4.39% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.61% | 0.80% |
Monthly Dividends
The table displays the monthly dividend distributions for Pacer Developed Markets International Cash Cows 100 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 | $0.04 | $0.00 | $0.00 | $0.26 | $0.30 | ||||||
| 2025 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.50 | $1.17 |
| 2024 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.97 | $0.00 | $0.00 | $0.15 | $0.00 | $0.00 | $0.10 | $1.28 |
| 2023 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.47 | $0.00 | $0.00 | $0.26 | $1.13 |
| 2022 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.30 | $0.00 | $0.00 | $0.54 | $0.00 | $0.00 | $0.36 | $1.43 |
| 2021 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.34 | $0.00 | $0.00 | $0.12 | $0.66 |
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.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the Pacer Developed Markets International Cash Cows 100 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 Developed Markets International Cash Cows 100 ETF was 43.49%, occurring on Mar 18, 2020. Recovery took 189 trading sessions.
The current Pacer Developed Markets International Cash Cows 100 ETF drawdown is 4.83%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -43.49%Mar 2020 | 2y 1mo | 9mo 2d | 2y 10moJan 2018 - Dec 2020 |
Bear market2022 | -28.48%Sep 2022 | 1y 3mo | 10mo 1d | 2y 1moJun 2021 - Jul 2023 |
2025 selloff2025 | -14.81%Apr 2025 | 19d | 1mo 5d | 1mo 24dMar 2025 - May 2025 |
2024 pullback2024 | -9.32%Dec 2024 | 7mo 1d | 2mo 17d | 9mo 18dMay 2024 - Mar 2025 |
2023 pullback2023 | -8.17%Oct 2023 | 2mo 4d | 2mo 18d | 4mo 22dAug 2023 - Dec 2023 |
Drawdown Indicators
| ICOW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.49% | -56.78% | +13.29% |
Max Drawdown (1Y)Largest decline over 1 year | -8.02% | -9.10% | +1.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.81% | -18.90% | +4.09% |
Max Drawdown (5Y)Largest decline over 5 years | -27.79% | -25.43% | -2.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -4.83% | -2.49% | -2.34% |
Average DrawdownAverage peak-to-trough decline | -7.57% | -10.72% | +3.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.34% | 2.03% | +0.31% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ICOW
Add Pacer Developed Markets International Cash Cows 100 ETF to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ICOW