DEHP vs. ECOW
DEHP (Dimensional Emerging Markets High Profitability ETF) and ECOW (Pacer Emerging Markets Cash Cows 100 ETF) are both exchange-traded funds - DEHP is a Emerging Markets Diversified fund actively managed by Dimensional, while ECOW is a Emerging Markets Equities fund tracking the Pacer Emerging Markets Cash Cows 100 Index. DEHP is actively managed, while ECOW is passively managed. Over the past 3 years, DEHP returned 23.77%/yr vs 17.90%/yr for ECOW. Their correlation of 0.81 suggests significant overlap in exposure. DEHP charges 0.41%/yr vs 0.70%/yr for ECOW.
Performance
DEHP vs. ECOW - Performance Comparison
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Returns By Period
In the year-to-date period, DEHP achieves a 29.64% return, which is significantly higher than ECOW's 8.95% return.
DEHP
- 1D
- -7.10%
- 1M
- 2.07%
- YTD
- 29.64%
- 6M
- 30.69%
- 1Y
- 55.70%
- 3Y*
- 23.77%
- 5Y*
- —
- 10Y*
- —
ECOW
- 1D
- -0.95%
- 1M
- -3.09%
- YTD
- 8.95%
- 6M
- 8.43%
- 1Y
- 30.63%
- 3Y*
- 17.90%
- 5Y*
- 5.74%
- 10Y*
- —
DEHP vs. ECOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 29.64% | 32.86% | 4.47% | 12.31% | -9.73% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 8.95% | 32.50% | 3.17% | 15.79% | -7.96% |
Correlation
The correlation between DEHP and ECOW is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2022 | 0.81 |
The correlation between DEHP and ECOW has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.
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Return for Risk
DEHP vs. ECOW — Risk / Return Rank
DEHP
ECOW
DEHP vs. ECOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Emerging Markets High Profitability ETF (DEHP) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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.
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.
| DEHP | ECOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.38 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.25 | 3.69 | +0.57 |
| Martin ratioReturn relative to average drawdown | 15.97 | 11.56 | +4.41 |
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Drawdowns
DEHP vs. ECOW - Drawdown Comparison
The maximum DEHP drawdown since its inception was -22.90%, smaller than the maximum ECOW drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for DEHP and ECOW.
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Drawdown Indicators
| DEHP | ECOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.90% | -40.27% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -13.16% | -8.35% | -4.81% |
Max Drawdown (3Y)Largest decline over 3 years | -19.14% | -18.77% | -0.37% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.30% | — |
Current DrawdownCurrent decline from peak | -7.10% | -7.07% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -5.73% | -11.02% | +5.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.50% | 2.66% | +0.84% |
Volatility
DEHP vs. ECOW - Volatility Comparison
Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 15.13% compared to Pacer Emerging Markets Cash Cows 100 ETF (ECOW) at 5.40%. This indicates that DEHP's price experiences larger fluctuations and is considered to be riskier than ECOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DEHP | ECOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 15.13% | 5.40% | +9.73% |
Volatility (6M)Calculated over the trailing 6-month period | 22.85% | 11.78% | +11.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.71% | 14.78% | +9.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.61% | 17.75% | +1.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.61% | 20.13% | -0.52% |
DEHP vs. ECOW - Expense Ratio Comparison
DEHP has a 0.41% expense ratio, which is lower than ECOW's 0.70% expense ratio.
Dividends
DEHP vs. ECOW - Dividend Comparison
DEHP's dividend yield for the trailing twelve months is around 1.38%, less than ECOW's 4.61% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
DEHP Dimensional Emerging Markets High Profitability ETF | 0.89% | 1.73% | 2.44% | 2.84% | 1.65% | 0.00% | 0.00% | 0.00% |
ECOW Pacer Emerging Markets Cash Cows 100 ETF | 4.61% | 5.20% | 7.35% | 5.46% | 7.50% | 4.39% | 3.35% | 8.08% |
Frequently Asked Questions
DEHP and ECOW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DEHP has higher volatility (15.13%) compared to ECOW (5.40%). In terms of maximum drawdown, DEHP dropped -22.90% vs ECOW's -40.27%.
On 3-year performance, DEHP leads with 23.77% vs 17.90% for ECOW. On fees, DEHP is cheaper at 0.41% per year. On volatility, ECOW has been the lower-risk option at 5.40%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, DEHP has performed better with a 23.77% return vs 17.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DEHP is cheaper with a 0.41% expense ratio, compared with 0.70% for ECOW.
ECOW has the higher dividend yield at 4.61%, compared with 1.38% for DEHP.
DEHP is categorized as Emerging Markets Diversified, while ECOW is Emerging Markets Equities. They also come from different issuers: Dimensional and Pacer. Their fees differ too: 0.41% for DEHP and 0.70% for ECOW.
DEHP currently has the higher Sharpe Ratio (2.27 vs 2.08), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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