DIVN vs. GCOW
DIVN (Horizon Dividend Income ETF) and GCOW (Pacer Global Cash Cows Dividend ETF) are both Large Cap Value Equities funds. A 0.73 correlation means they provide meaningful diversification when combined. DIVN charges 0.70%/yr vs 0.60%/yr for GCOW.
Performance
DIVN vs. GCOW - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DIVN achieves a 11.82% return, which is significantly higher than GCOW's 7.34% return.
DIVN
- 1D
- -0.34%
- 1M
- -0.67%
- YTD
- 11.82%
- 6M
- 11.10%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
GCOW
- 1D
- 0.00%
- 1M
- -6.00%
- YTD
- 7.34%
- 6M
- 7.32%
- 1Y
- 21.14%
- 3Y*
- 15.59%
- 5Y*
- 11.72%
- 10Y*
- 9.95%
DIVN vs. GCOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DIVN Horizon Dividend Income ETF | 11.82% | 8.11% |
GCOW Pacer Global Cash Cows Dividend ETF | 7.34% | 13.67% |
Correlation
The correlation between DIVN and GCOW is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.73 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DIVN vs. GCOW — Risk / Return Rank
DIVN
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
GCOW
DIVN vs. GCOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Dividend Income ETF (DIVN) 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.
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.
| DIVN | GCOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.33 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.06 | — |
| Martin ratioReturn relative to average drawdown | — | 10.42 | — |
Loading charts...
Drawdowns
DIVN vs. GCOW - Drawdown Comparison
The maximum DIVN drawdown since its inception was -5.55%, smaller than the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for DIVN and GCOW.
Loading charts...
Drawdown Indicators
| DIVN | GCOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.55% | -37.64% | +32.09% |
Max Drawdown (1Y)Largest decline over 1 year | — | -6.93% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -12.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.48% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.64% | — |
Current DrawdownCurrent decline from peak | -1.94% | -6.93% | +4.99% |
Average DrawdownAverage peak-to-trough decline | -1.42% | -5.83% | +4.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.03% | — |
Volatility
DIVN vs. GCOW - Volatility Comparison
Loading charts...
Volatility by Period
| DIVN | GCOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 2.89% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.29% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 10.56% | 11.09% | -0.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.56% | 13.50% | -2.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.56% | 16.03% | -5.47% |
DIVN vs. GCOW - Expense Ratio Comparison
DIVN has a 0.70% expense ratio, which is higher than GCOW's 0.60% expense ratio.
Dividends
DIVN vs. GCOW - Dividend Comparison
DIVN's dividend yield for the trailing twelve months is around 3.12%, less than GCOW's 4.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVN Horizon Dividend Income ETF | 3.12% | 1.47% | 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 | 4.90% | 4.06% | 5.14% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% |
Frequently Asked Questions
DIVN and GCOW have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GCOW is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GCOW is cheaper with a 0.60% expense ratio, compared with 0.70% for DIVN.
GCOW has the higher dividend yield at 4.90%, compared with 3.12% for DIVN.
They also come from different issuers: Horizon and Pacer. Their fees differ too: 0.70% for DIVN and 0.60% for GCOW.
Find the right allocation for DIVN and GCOW
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer