FLCV vs. GCOW

Last updated Apr 10, 2026

FLCV (Federated Hermes MDT Large Cap Value ETF) and GCOW (Pacer Global Cash Cows Dividend ETF) are both Large Cap Value Equities funds. FLCV is actively managed, while GCOW is passively managed. Over the past year, FLCV returned 25.65% vs 41.14% for GCOW. A 0.56 correlation means they provide meaningful diversification when combined. FLCV charges 0.32%/yr vs 0.60%/yr for GCOW.

Performance

FLCV vs. GCOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Federated Hermes MDT Large Cap Value ETF (FLCV) and Pacer Global Cash Cows Dividend ETF (GCOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FLCV achieves a 5.32% return, which is significantly lower than GCOW's 13.63% return.

FLCV

• 1D: 0.34%
• 1M: 3.07%
• YTD: 5.32%
• 6M: 9.26%
• 1Y: 25.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCOW

• 1D: -0.43%
• 1M: 2.70%
• YTD: 13.63%
• 6M: 20.91%
• 1Y: 41.14%
• 3Y*: 16.72%
• 5Y*: 13.61%
• 10Y*: 10.30%

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

FLCV vs. GCOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024
FLCV Federated Hermes MDT Large Cap Value ETF	5.32%	15.64%	6.56%
GCOW Pacer Global Cash Cows Dividend ETF	13.63%	27.34%	-2.15%

Correlation

The correlation between FLCV and GCOW is 0.57, 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	0.57
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.56

The correlation between FLCV and GCOW has been stable across timeframes, ranging from 0.56 to 0.57 — a consistent structural relationship.

FLCV vs. GCOW - Expense Ratio Comparison

FLCV has a 0.32% expense ratio, which is lower than GCOW's 0.60% expense ratio.

Return for Risk

FLCV vs. GCOW — Risk / Return Rank

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

FLCV

FLCV Risk / Return Rank: 65
FLCV Sharpe Ratio Rank: 52
FLCV Sortino Ratio Rank: 53
FLCV Omega Ratio Rank: 48
FLCV Calmar Ratio Rank: 87
FLCV Martin Ratio Rank: 86

GCOW

GCOW Risk / Return Rank: 94
GCOW Sharpe Ratio Rank: 94
GCOW Sortino Ratio Rank: 95
GCOW Omega Ratio Rank: 90
GCOW Calmar Ratio Rank: 97
GCOW Martin Ratio Rank: 94

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.

FLCV vs. GCOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Federated Hermes MDT Large Cap Value ETF (FLCV) 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.

	FLCV	GCOW	Difference
Sharpe ratio Return per unit of total volatility	2.03	3.68	-1.65
Sortino ratio Return per unit of downside risk	2.87	5.22	-2.34
Omega ratio Gain probability vs. loss probability	1.36	1.66	-0.30
Calmar ratio Return relative to maximum drawdown	5.79	9.55	-3.76
Martin ratio Return relative to average drawdown	21.25	28.88	-7.64
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FLCV vs. GCOW - Sharpe Ratio Comparison

The current FLCV Sharpe Ratio is 2.03, which is lower than the GCOW Sharpe Ratio of 3.68. The chart below compares the historical Sharpe Ratios of FLCV and GCOW, 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

	FLCV	GCOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.03	3.68	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.64	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.10	0.60	+0.50

Drawdowns

FLCV vs. GCOW - Drawdown Comparison

The maximum FLCV drawdown since its inception was -15.93%, smaller than the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for FLCV and GCOW.

Drawdown Indicators

	FLCV	GCOW	Difference
Max Drawdown Largest peak-to-trough decline	-15.93%	-37.64%	+21.71%
Max Drawdown (1Y) Largest decline over 1 year	-5.70%	-4.77%	-0.93%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.64%	—
Current Drawdown Current decline from peak	0.00%	-1.48%	+1.48%
Average Drawdown Average peak-to-trough decline	-2.19%	-5.89%	+3.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.55%	1.58%	-0.03%

Volatility

FLCV vs. GCOW - Volatility Comparison

Federated Hermes MDT Large Cap Value ETF (FLCV) has a higher volatility of 4.27% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 3.16%. This indicates that FLCV'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.

Volatility by Period

	FLCV	GCOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.27%	3.16%	+1.11%
Volatility (6M) Calculated over the trailing 6-month period	9.07%	7.79%	+1.28%
Volatility (1Y) Calculated over the trailing 1-year period	14.81%	12.16%	+2.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.32%	13.48%	+1.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.32%	16.22%	-0.90%

Dividends

FLCV vs. GCOW - Dividend Comparison

FLCV's dividend yield for the trailing twelve months is around 0.78%, less than GCOW's 4.38% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FLCV Federated Hermes MDT Large Cap Value ETF	0.78%	0.83%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
GCOW Pacer Global Cash Cows Dividend ETF	4.38%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%