DEHP vs. ECOW

Last updated Jun 4, 2026

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 25.54%/yr vs 19.90%/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

The chart below illustrates the hypothetical performance of a $10,000 investment in Dimensional Emerging Markets High Profitability ETF (DEHP) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DEHP achieves a 35.45% return, which is significantly higher than ECOW's 13.10% return.

DEHP

• 1D: -1.18%
• 1M: 10.85%
• YTD: 35.45%
• 6M: 39.02%
• 1Y: 66.88%
• 3Y*: 25.54%
• 5Y*: —
• 10Y*: —

ECOW

• 1D: -1.50%
• 1M: -0.42%
• YTD: 13.10%
• 6M: 12.29%
• 1Y: 35.35%
• 3Y*: 19.90%
• 5Y*: 6.12%
• 10Y*: —

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

DEHP vs. ECOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DEHP Dimensional Emerging Markets High Profitability ETF	35.45%	32.86%	4.47%	12.31%	-9.73%
ECOW Pacer Emerging Markets Cash Cows 100 ETF	13.10%	32.50%	3.17%	15.79%	-11.39%

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	0.80
Correlation (All Time) Calculated using the full available price history since Apr 28, 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.

DEHP vs. ECOW - Sectors Allocation Comparison

Sectors	DEHP	ECOW
Technology	41.3%	9.8%
Communication Services	11.4%	18.4%
Industrials	11.4%	15.5%
Consumer Cyclical	9.0%	12.5%
Basic Materials	7.7%	9.6%
Financial Services	6.5%	-
Energy	5.0%	16.1%
Consumer Defensive	4.3%	8.5%
Healthcare	2.5%	1.6%
Utilities	0.6%	7.9%
Real Estate	0.4%	-

Return for Risk

DEHP vs. ECOW — Risk / Return Rank

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

DEHP

DEHP Risk / Return Rank: 89
DEHP Sharpe Ratio Rank: 91
DEHP Sortino Ratio Rank: 89
DEHP Omega Ratio Rank: 89
DEHP Calmar Ratio Rank: 88
DEHP Martin Ratio Rank: 90

ECOW

ECOW Risk / Return Rank: 77
ECOW Sharpe Ratio Rank: 76
ECOW Sortino Ratio Rank: 72
ECOW Omega Ratio Rank: 76
ECOW Calmar Ratio Rank: 81
ECOW Martin Ratio Rank: 79

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.

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.

	DEHP	ECOW	Difference
Sharpe ratio Return per unit of total volatility	3.21	2.50	+0.70
Sortino ratio Return per unit of downside risk	4.11	3.30	+0.81
Omega ratio Gain probability vs. loss probability	1.57	1.46	+0.12
Calmar ratio Return relative to maximum drawdown	5.11	4.25	+0.85
Martin ratio Return relative to average drawdown	20.55	15.39	+5.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEHP vs. ECOW - Sharpe Ratio Comparison

The current DEHP Sharpe Ratio is 3.21, which is comparable to the ECOW Sharpe Ratio of 2.50. The chart below compares the historical Sharpe Ratios of DEHP and ECOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DEHP	ECOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.21	2.50	+0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.35	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.37	+0.55

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.

Drawdown Indicators

	DEHP	ECOW	Difference
Max Drawdown Largest 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	—	-33.67%	—
Current Drawdown Current decline from peak	-1.18%	-3.53%	+2.35%
Average Drawdown Average peak-to-trough decline	-5.75%	-11.07%	+5.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.26%	2.30%	+0.96%

Volatility

DEHP vs. ECOW - Volatility Comparison

Dimensional Emerging Markets High Profitability ETF (DEHP) has a higher volatility of 9.93% compared to Pacer Emerging Markets Cash Cows 100 ETF (ECOW) at 4.66%. 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.

Volatility by Period

	DEHP	ECOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.93%	4.66%	+5.27%
Volatility (6M) Calculated over the trailing 6-month period	18.56%	10.88%	+7.68%
Volatility (1Y) Calculated over the trailing 1-year period	20.97%	14.19%	+6.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.62%	17.65%	+0.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.62%	20.13%	-1.51%

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 1.32%, less than ECOW's 4.60% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
DEHP Dimensional Emerging Markets High Profitability ETF	1.32%	1.73%	2.44%	2.84%	1.65%	0.00%	0.00%	0.00%
ECOW Pacer Emerging Markets Cash Cows 100 ETF	4.60%	5.20%	7.35%	5.46%	7.50%	4.39%	3.35%	8.08%

Frequently Asked Questions

Can I hold both DEHP and ECOW in my portfolio?

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.

Which is riskier, DEHP or ECOW?

DEHP has higher volatility (9.93%) compared to ECOW (4.66%). In terms of maximum drawdown, DEHP dropped -22.90% vs ECOW's -40.27%.

Which ETF is better, DEHP or ECOW?

On 3-year performance, DEHP leads with 25.54% vs 19.90% for ECOW. On fees, DEHP is cheaper at 0.41% per year. On volatility, ECOW has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DEHP or ECOW?

Over the 3-year period, DEHP has performed better with a 25.54% return vs 19.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEHP or ECOW?

DEHP is cheaper with a 0.41% expense ratio, compared with 0.70% for ECOW.

Which ETF pays a higher dividend yield, DEHP or ECOW?

ECOW has the higher dividend yield at 4.60%, compared with 1.32% for DEHP.

What is the main difference between DEHP and ECOW?

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.

Which has better risk-adjusted returns?

DEHP currently has the higher Sharpe Ratio (3.21 vs 2.50), 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.