BEDY vs. GCOW

Last updated Apr 1, 2026

Compare and contrast key facts about BNY Mellon Enhanced Dividend Income ETF (BEDY) and Pacer Global Cash Cows Dividend ETF (GCOW).

BEDY and GCOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BEDY is an actively managed fund by BNY Mellon. It was launched on Dec 8, 2025. GCOW is a passively managed fund by Pacer that tracks the performance of the Pacer Global Cash Cows Dividends Index. It was launched on Feb 23, 2016.

Performance

BEDY vs. GCOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BNY Mellon Enhanced Dividend Income ETF (BEDY) and Pacer Global Cash Cows Dividend ETF (GCOW). The values are adjusted to include any dividend payments, if applicable.

BEDY vs. GCOW - Yearly Performance Comparison

	2026 (YTD)	2025
BEDY BNY Mellon Enhanced Dividend Income ETF	3.50%	1.62%
GCOW Pacer Global Cash Cows Dividend ETF	12.89%	1.89%

Returns By Period

In the year-to-date period, BEDY achieves a 3.50% return, which is significantly lower than GCOW's 12.89% return.

BEDY

• 1D: 1.58%
• 1M: -3.27%
• YTD: 3.50%
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCOW

• 1D: -0.28%
• 1M: -1.51%
• YTD: 12.89%
• 6M: 18.87%
• 1Y: 30.54%
• 3Y*: 16.78%
• 5Y*: 13.59%
• 10Y*: 10.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BEDY vs. GCOW - Expense Ratio Comparison

BEDY has a 0.50% expense ratio, which is lower than GCOW's 0.60% expense ratio.

GCOW

Pacer Global Cash Cows Dividend ETF

BEDY

BNY Mellon Enhanced Dividend Income ETF

Return for Risk

BEDY vs. GCOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

GCOW

GCOW Risk / Return Rank: 92
GCOW Sharpe Ratio Rank: 93
GCOW Sortino Ratio Rank: 94
GCOW Omega Ratio Rank: 93
GCOW Calmar Ratio Rank: 87
GCOW Martin Ratio Rank: 93

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.

BEDY vs. GCOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Enhanced Dividend Income ETF (BEDY) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BEDY	GCOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.21	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.45	0.60	+0.85

Correlation

The correlation between BEDY and GCOW is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BEDY vs. GCOW - Dividend Comparison

BEDY's dividend yield for the trailing twelve months is around 1.47%, less than GCOW's 4.41% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
BEDY BNY Mellon Enhanced Dividend Income ETF	1.47%	0.09%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GCOW Pacer Global Cash Cows Dividend ETF	4.41%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%

Drawdowns

BEDY vs. GCOW - Drawdown Comparison

The maximum BEDY drawdown since its inception was -6.25%, smaller than the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for BEDY and GCOW.

Drawdown Indicators

	BEDY	GCOW	Difference
Max Drawdown Largest peak-to-trough decline	-6.25%	-37.64%	+31.39%
Max Drawdown (1Y) Largest decline over 1 year	—	-10.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.64%	—
Current Drawdown Current decline from peak	-4.05%	-2.11%	-1.94%
Average Drawdown Average peak-to-trough decline	-1.52%	-5.90%	+4.38%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.18%	—

Volatility

Volatility by Period

	BEDY	GCOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	12.50%	13.89%	-1.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.50%	13.48%	-0.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.50%	16.24%	-3.74%