CIVIX vs. GCOW
Compare and contrast key facts about Causeway International Value Instl (CIVIX) and Pacer Global Cash Cows Dividend ETF (GCOW).
CIVIX is a passively managed fund by Causeway that tracks the performance of the MSCI AC World ex USA Value (Net). It was launched on Oct 26, 2001. 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. Both CIVIX 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.
Performance
CIVIX vs. GCOW - Performance Comparison
Loading graphics...
CIVIX vs. GCOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
CIVIX Causeway International Value Instl | -7.02% | 39.13% | 3.73% | 27.29% | -6.77% | 9.12% | 5.41% | 20.11% | -18.62% | 27.20% |
GCOW Pacer Global Cash Cows Dividend ETF | 13.21% | 27.34% | 3.52% | 13.95% | 5.49% | 14.58% | -4.33% | 17.81% | -7.99% | 20.71% |
Returns By Period
In the year-to-date period, CIVIX achieves a -7.02% return, which is significantly lower than GCOW's 13.21% return. Over the past 10 years, CIVIX has underperformed GCOW with an annualized return of 9.29%, while GCOW has yielded a comparatively higher 10.20% annualized return.
CIVIX
- 1D
- 0.78%
- 1M
- -15.11%
- YTD
- -7.02%
- 6M
- 0.62%
- 1Y
- 17.46%
- 3Y*
- 14.39%
- 5Y*
- 10.21%
- 10Y*
- 9.29%
GCOW
- 1D
- 0.85%
- 1M
- -1.84%
- YTD
- 13.21%
- 6M
- 20.65%
- 1Y
- 31.30%
- 3Y*
- 16.89%
- 5Y*
- 13.65%
- 10Y*
- 10.20%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CIVIX vs. GCOW - Expense Ratio Comparison
CIVIX has a 0.85% expense ratio, which is higher than GCOW's 0.60% expense ratio.
Return for Risk
CIVIX vs. GCOW — Risk / Return Rank
CIVIX
GCOW
CIVIX vs. GCOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Causeway International Value Instl (CIVIX) 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.
| CIVIX | GCOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.85 | 2.27 | -1.41 |
Sortino ratioReturn per unit of downside risk | 1.24 | 3.01 | -1.77 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.44 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.77 | -1.87 |
Martin ratioReturn relative to average drawdown | 3.49 | 14.12 | -10.62 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CIVIX | GCOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.85 | 2.27 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 1.02 | -0.44 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.63 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.38 | 0.60 | -0.22 |
Correlation
The correlation between CIVIX and GCOW is 0.78, 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.
Dividends
CIVIX vs. GCOW - Dividend Comparison
CIVIX's dividend yield for the trailing twelve months is around 10.45%, more than GCOW's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CIVIX Causeway International Value Instl | 10.45% | 9.72% | 9.25% | 3.61% | 1.78% | 1.82% | 1.37% | 4.63% | 3.55% | 1.83% | 1.96% | 1.95% |
GCOW Pacer Global Cash Cows Dividend ETF | 4.39% | 4.06% | 5.14% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% | 0.00% |
Drawdowns
CIVIX vs. GCOW - Drawdown Comparison
The maximum CIVIX drawdown since its inception was -60.93%, which is greater than GCOW's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for CIVIX and GCOW.
Loading graphics...
Drawdown Indicators
| CIVIX | GCOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.93% | -37.64% | -23.29% |
Max Drawdown (1Y)Largest decline over 1 year | -16.19% | -11.05% | -5.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.51% | -21.48% | -7.03% |
Max Drawdown (10Y)Largest decline over 10 years | -44.87% | -37.64% | -7.23% |
Current DrawdownCurrent decline from peak | -15.38% | -1.84% | -13.54% |
Average DrawdownAverage peak-to-trough decline | -11.02% | -5.90% | -5.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.21% | 2.17% | +2.04% |
Volatility
CIVIX vs. GCOW - Volatility Comparison
Causeway International Value Instl (CIVIX) has a higher volatility of 8.07% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 4.03%. This indicates that CIVIX'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.
Loading graphics...
Volatility by Period
| CIVIX | GCOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.07% | 4.03% | +4.04% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 7.90% | +4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.74% | 13.89% | +4.85% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.84% | 13.48% | +4.36% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 16.25% | +3.01% |