DTH vs. ICOW

Last updated Jun 4, 2026

DTH (WisdomTree International High Dividend Fund) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both Foreign Large Cap Equities funds - DTH tracks the WisdomTree International High Dividend Index while ICOW tracks the Pacer Developed Markets International Cash Cows 100 Index. Both are passively managed. Over the past 5 years, DTH returned 11.48%/yr vs 10.06%/yr for ICOW. Their correlation of 0.87 suggests significant overlap in exposure. DTH charges 0.58%/yr vs 0.65%/yr for ICOW.

Performance

DTH vs. ICOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in WisdomTree International High Dividend Fund (DTH) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DTH achieves a 8.27% return, which is significantly lower than ICOW's 17.35% return.

DTH

• 1D: -0.96%
• 1M: 0.94%
• YTD: 8.27%
• 6M: 11.35%
• 1Y: 26.13%
• 3Y*: 19.99%
• 5Y*: 11.48%
• 10Y*: 8.77%

ICOW

• 1D: -0.64%
• 1M: 3.47%
• YTD: 17.35%
• 6M: 18.06%
• 1Y: 39.15%
• 3Y*: 20.17%
• 5Y*: 10.06%
• 10Y*: —

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

DTH vs. ICOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DTH WisdomTree International High Dividend Fund	8.27%	42.37%	2.31%	15.03%	-1.74%	8.30%	-7.05%	18.43%	-12.85%	7.31%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	17.35%	36.95%	-2.59%	18.94%	-7.98%	11.52%	7.20%	17.91%	-16.09%	16.98%

Correlation

The correlation between DTH and ICOW is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.90
Correlation (All Time) Calculated using the full available price history since Jun 20, 2017	0.87

The correlation between DTH and ICOW has been stable across timeframes, ranging from 0.80 to 0.90 - a consistent structural relationship.

DTH vs. ICOW - Sectors Allocation Comparison

Sectors	DTH	ICOW
Financial Services	21.1%	-
Industrials	13.0%	28.7%
Utilities	10.7%	-
Energy	9.0%	23.7%
Consumer Defensive	8.1%	8.5%
Basic Materials	7.9%	5.4%
Communication Services	7.0%	8.9%
Real Estate	5.2%	-
Consumer Cyclical	5.0%	11.6%
Healthcare	3.4%	7.1%
Technology	1.3%	6.2%

Return for Risk

DTH vs. ICOW — Risk / Return Rank

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

DTH

DTH Risk / Return Rank: 59
DTH Sharpe Ratio Rank: 61
DTH Sortino Ratio Rank: 59
DTH Omega Ratio Rank: 59
DTH Calmar Ratio Rank: 58
DTH Martin Ratio Rank: 59

ICOW

ICOW Risk / Return Rank: 84
ICOW Sharpe Ratio Rank: 86
ICOW Sortino Ratio Rank: 82
ICOW Omega Ratio Rank: 82
ICOW Calmar Ratio Rank: 86
ICOW Martin Ratio Rank: 84

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.

DTH vs. ICOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree International High Dividend Fund (DTH) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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.

	DTH	ICOW	Difference
Sharpe ratio: Return per unit of total volatility	2.07	2.87	-0.79
Sortino ratio: Return per unit of downside risk	2.83	3.72	-0.89
Omega ratio: Gain probability vs. loss probability	1.37	1.50	-0.14
Calmar ratio: Return relative to maximum drawdown	2.87	4.91	-2.04
Martin ratio: Return relative to average drawdown	10.60	17.54	-6.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DTH vs. ICOW - Sharpe Ratio Comparison

The current DTH Sharpe Ratio is 2.07, which is comparable to the ICOW Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of DTH and ICOW, 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

	DTH	ICOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.07	2.87	-0.79
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.76	0.61	+0.15
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.24	0.55	-0.31

Drawdowns

DTH vs. ICOW - Drawdown Comparison

The maximum DTH drawdown since its inception was -64.20%, which is greater than ICOW's maximum drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for DTH and ICOW.

Drawdown Indicators

	DTH	ICOW	Difference
Max Drawdown Largest peak-to-trough decline	-64.20%	-43.49%	-20.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.14%	-8.02%	-1.12%
Max Drawdown (3Y) Largest decline over 3 years	-12.23%	-14.81%	+2.58%
Max Drawdown (5Y) Largest decline over 5 years	-23.40%	-28.48%	+5.08%
Max Drawdown (10Y) Largest decline over 10 years	-40.75%	—	—
Current Drawdown Current decline from peak	-2.97%	-0.64%	-2.33%
Average Drawdown Average peak-to-trough decline	-15.16%	-7.59%	-7.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.47%	2.24%	+0.23%

Volatility

DTH vs. ICOW - Volatility Comparison

The current volatility for WisdomTree International High Dividend Fund (DTH) is 4.18%, while Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has a volatility of 4.41%. This indicates that DTH experiences smaller price fluctuations and is considered to be less risky than ICOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DTH	ICOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.18%	4.41%	-0.23%
Volatility (6M) Calculated over the trailing 6-month period	10.39%	10.59%	-0.20%
Volatility (1Y) Calculated over the trailing 1-year period	12.68%	13.73%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	16.64%	-1.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.07%	18.47%	-1.40%

DTH vs. ICOW - Expense Ratio Comparison

DTH has a 0.58% expense ratio, which is lower than ICOW's 0.65% expense ratio.

Dividends

DTH vs. ICOW - Dividend Comparison

DTH's dividend yield for the trailing twelve months is around 3.43%, more than ICOW's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DTH WisdomTree International High Dividend Fund	3.43%	3.80%	5.41%	5.63%	5.70%	4.72%	3.75%	4.27%	4.62%	3.72%	4.14%	4.38%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	2.12%	3.03%	4.39%	3.61%	5.26%	2.11%	2.46%	3.10%	2.61%	0.80%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DTH and ICOW in my portfolio?

DTH and ICOW have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DTH or ICOW?

ICOW has higher volatility (4.41%) compared to DTH (4.18%). In terms of maximum drawdown, DTH dropped -64.20% vs ICOW's -43.49%.

Which ETF is better, DTH or ICOW?

On 5-year performance, DTH leads with 11.48% vs 10.06% for ICOW. On fees, DTH is cheaper at 0.58% per year. On volatility, DTH has been the lower-risk option at 4.18%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DTH or ICOW?

Over the 5-year period, DTH has performed better with a 11.48% return vs 10.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DTH or ICOW?

DTH is cheaper with a 0.58% expense ratio, compared with 0.65% for ICOW.

Which ETF pays a higher dividend yield, DTH or ICOW?

DTH has the higher dividend yield at 3.43%, compared with 2.12% for ICOW.

What is the main difference between DTH and ICOW?

DTH tracks WisdomTree International High Dividend Index, while ICOW tracks Pacer Developed Markets International Cash Cows 100 Index. They also come from different issuers: WisdomTree and Pacer. Their fees differ too: 0.58% for DTH and 0.65% for ICOW.

Which has better risk-adjusted returns?

ICOW currently has the higher Sharpe Ratio (2.87 vs 2.07), 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.