AVDE vs. GCOW
Compare and contrast key facts about Avantis International Equity ETF (AVDE) and Pacer Global Cash Cows Dividend ETF (GCOW).
AVDE and GCOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AVDE is a passively managed fund by American Century Investments that tracks the performance of the MSCI World ex-USA IMI Index. It was launched on Sep 24, 2019. GCOW is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Global Cash Cows Dividends Index. It was launched on Feb 23, 2016. Both AVDE and GCOW 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: AVDE or GCOW.
Performance
AVDE vs. GCOW - Performance Comparison
Returns By Period
In the year-to-date period, AVDE achieves a 6.07% return, which is significantly higher than GCOW's 5.39% return.
AVDE
6.07%
-3.51%
-0.68%
13.22%
6.50%
N/A
GCOW
5.39%
-2.53%
1.82%
10.61%
7.55%
N/A
Key characteristics
| AVDE | GCOW | |
|---|---|---|
| Sharpe Ratio | 1.00 | 0.98 |
| Sortino Ratio | 1.43 | 1.40 |
| Omega Ratio | 1.17 | 1.17 |
| Calmar Ratio | 1.72 | 1.76 |
| Martin Ratio | 5.02 | 4.69 |
| Ulcer Index | 2.55% | 2.21% |
| Daily Std Dev | 12.85% | 10.52% |
| Max Drawdown | -36.99% | -37.64% |
| Current Drawdown | -7.02% | -5.32% |
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AVDE vs. GCOW - Expense Ratio Comparison
AVDE has a 0.23% expense ratio, which is lower than GCOW's 0.60% expense ratio.
Correlation
The correlation between AVDE and GCOW is 0.87, 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
AVDE vs. GCOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Avantis International Equity ETF (AVDE) and Pacer Global Cash Cows Dividend ETF (GCOW). 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
AVDE vs. GCOW - Dividend Comparison
AVDE's dividend yield for the trailing twelve months is around 3.09%, less than GCOW's 4.79% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
AVDE Avantis International Equity ETF | 3.09% | 3.01% | 2.79% | 2.46% | 1.63% | 0.29% | 0.00% | 0.00% | 0.00% |
GCOW Pacer Global Cash Cows Dividend ETF | 4.79% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% |
Drawdowns
AVDE vs. GCOW - Drawdown Comparison
The maximum AVDE drawdown since its inception was -36.99%, roughly equal to the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for AVDE and GCOW. For additional features, visit the drawdowns tool.
Volatility
AVDE vs. GCOW - Volatility Comparison
Avantis International Equity ETF (AVDE) has a higher volatility of 3.78% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 2.77%. This indicates that AVDE's price experiences larger fluctuations and is considered to be riskier than GCOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.