GCOW vs. DIVB
GCOW (Pacer Global Cash Cows Dividend ETF) and DIVB (iShares Core Dividend ETF) are both exchange-traded funds - GCOW is a Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index, while DIVB is a Dividend fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, GCOW returned 12.16%/yr vs 12.91%/yr for DIVB. A 0.75 correlation means they provide meaningful diversification when combined. GCOW charges 0.60%/yr vs 0.05%/yr for DIVB.
Performance
GCOW vs. DIVB - Performance Comparison
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Returns By Period
In the year-to-date period, GCOW achieves a 9.34% return, which is significantly lower than DIVB's 22.13% return.
GCOW
- 1D
- 0.36%
- 1M
- -3.02%
- 6M
- 7.13%
- YTD
- 9.34%
- 1Y
- 19.99%
- 3Y*
- 14.71%
- 5Y*
- 12.16%
- 10Y*
- 9.38%
DIVB
- 1D
- 0.94%
- 1M
- 3.79%
- 6M
- 19.39%
- YTD
- 22.13%
- 1Y
- 29.18%
- 3Y*
- 21.85%
- 5Y*
- 12.91%
- 10Y*
- —
GCOW vs. DIVB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GCOW Pacer Global Cash Cows Dividend ETF | 9.34% | 27.34% | 3.52% | 13.95% | 5.49% | 14.58% | -4.33% | 17.81% | -7.99% | 3.61% |
DIVB iShares Core Dividend ETF | 22.13% | 15.09% | 18.59% | 13.27% | -10.51% | 31.29% | 10.78% | 32.72% | -8.16% | 5.95% |
Correlation
The correlation between GCOW and DIVB is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Nov 9, 2017 | 0.75 |
The correlation between GCOW and DIVB shifts across timeframes, from 0.61 (1 year) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
GCOW vs. DIVB — Risk / Return Rank
GCOW
DIVB
GCOW vs. DIVB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and iShares Core Dividend ETF (DIVB). 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.
| GCOW | DIVB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.67 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.44 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.56 | 4.30 | -1.73 |
| Martin ratioReturn relative to average drawdown | 8.08 | 14.43 | -6.35 |
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Drawdowns
GCOW vs. DIVB - Drawdown Comparison
The maximum GCOW drawdown since its inception was -37.64%, roughly equal to the maximum DIVB drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for GCOW and DIVB.
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Drawdown Indicators
| GCOW | DIVB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.64% | -36.93% | -0.71% |
Max Drawdown (1Y)Largest decline over 1 year | -7.83% | -6.82% | -1.01% |
Max Drawdown (3Y)Largest decline over 3 years | -12.35% | -15.45% | +3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -21.48% | -21.08% | -0.40% |
Max Drawdown (10Y)Largest decline over 10 years | -37.64% | — | — |
Current DrawdownCurrent decline from peak | -5.20% | 0.00% | -5.20% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -4.94% | -0.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.48% | 2.03% | +0.45% |
Volatility
GCOW vs. DIVB - Volatility Comparison
Pacer Global Cash Cows Dividend ETF (GCOW) and iShares Core Dividend ETF (DIVB) have volatilities of 4.09% and 3.92%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GCOW | DIVB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.09% | 3.92% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 8.59% | 9.02% | -0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.15% | 11.90% | -0.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.53% | 15.30% | -1.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.99% | 18.34% | -2.35% |
GCOW vs. DIVB - Expense Ratio Comparison
GCOW has a 0.60% expense ratio, which is higher than DIVB's 0.05% expense ratio.
Dividends
GCOW vs. DIVB - Dividend Comparison
GCOW's dividend yield for the trailing twelve months is around 4.81%, more than DIVB's 2.17% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
DIVB iShares Core Dividend ETF | 2.17% | 2.50% | 2.61% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.52% | 0.37% | 0.00% |
GCOW Pacer Global Cash Cows Dividend ETF | 4.81% | 4.06% | 5.14% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% |
Frequently Asked Questions
GCOW and DIVB have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GCOW has higher volatility (4.09%) compared to DIVB (3.92%). In terms of maximum drawdown, GCOW dropped -37.64% vs DIVB's -36.93%.
On 5-year performance, DIVB leads with 12.91% vs 12.16% for GCOW. On fees, DIVB is cheaper at 0.05% per year. On volatility, DIVB has been the lower-risk option at 3.92%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DIVB has performed better with a 12.91% return vs 12.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DIVB is cheaper with a 0.05% expense ratio, compared with 0.60% for GCOW.
GCOW has the higher dividend yield at 4.81%, compared with 2.17% for DIVB.
GCOW is categorized as Large Cap Value Equities, while DIVB is Dividend. GCOW tracks Pacer Global Cash Cows Dividends Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for GCOW and 0.05% for DIVB.
DIVB currently has the higher Sharpe Ratio (2.47 vs 1.80), 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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