GCOW vs. DLN

Last updated Jun 24, 2026

GCOW (Pacer Global Cash Cows Dividend ETF) and DLN (WisdomTree U.S. LargeCap Dividend Fund) are both Large Cap Value Equities funds - GCOW tracks the Pacer Global Cash Cows Dividends Index while DLN tracks the WisdomTree U.S. LargeCap Dividend Index. Both are passively managed. Over the past 10 years, GCOW returned 9.95%/yr vs 12.86%/yr for DLN. A 0.76 correlation means they provide meaningful diversification when combined. GCOW charges 0.60%/yr vs 0.28%/yr for DLN.

Performance

GCOW vs. DLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Global Cash Cows Dividend ETF (GCOW) and WisdomTree U.S. LargeCap Dividend Fund (DLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCOW achieves a 7.34% return, which is significantly lower than DLN's 9.95% return. Over the past 10 years, GCOW has underperformed DLN with an annualized return of 9.95%, while DLN has yielded a comparatively higher 12.86% annualized return.

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%

DLN

• 1D: -0.13%
• 1M: 0.05%
• YTD: 9.95%
• 6M: 9.49%
• 1Y: 21.42%
• 3Y*: 18.12%
• 5Y*: 12.49%
• 10Y*: 12.86%

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

GCOW vs. DLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCOW Pacer Global Cash Cows Dividend ETF	7.34%	27.34%	3.52%	13.95%	5.49%	14.58%	-4.33%	17.81%	-7.99%	20.71%
DLN WisdomTree U.S. LargeCap Dividend Fund	9.95%	15.53%	19.66%	9.95%	-3.78%	25.60%	4.59%	28.91%	-5.82%	18.22%

Correlation

The correlation between GCOW and DLN 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	0.66
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016	0.76

The correlation between GCOW and DLN shifts across timeframes, from 0.61 (1 year) to 0.76 (10 years), reflecting how their relationship changes across market environments.

GCOW vs. DLN - Sectors Allocation Comparison

Sectors	GCOW	DLN
Energy	22.9%	7.9%
Consumer Defensive	17.0%	8.9%
Healthcare	14.8%	12.6%
Communication Services	14.5%	7.5%
Industrials	12.6%	7.8%
Basic Materials	8.1%	1.0%
Consumer Cyclical	4.8%	4.9%
Utilities	4.0%	5.5%
Technology	1.3%	22.8%
Financial Services	-	17.4%
Real Estate	-	3.9%

Return for Risk

GCOW vs. DLN — Risk / Return Rank

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

GCOW

GCOW Risk / Return Rank: 60
GCOW Sharpe Ratio Rank: 60
GCOW Sortino Ratio Rank: 61
GCOW Omega Ratio Rank: 56
GCOW Calmar Ratio Rank: 64
GCOW Martin Ratio Rank: 61

DLN

DLN Risk / Return Rank: 78
DLN Sharpe Ratio Rank: 79
DLN Sortino Ratio Rank: 81
DLN Omega Ratio Rank: 77
DLN Calmar Ratio Rank: 73
DLN 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.

GCOW vs. DLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and WisdomTree U.S. LargeCap Dividend Fund (DLN). 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	DLN	Difference
Sharpe ratio: Return per unit of total volatility	1.91	2.39	-0.47
Sortino ratio: Return per unit of downside risk	2.74	3.40	-0.66
Omega ratio: Gain probability vs. loss probability	1.33	1.43	-0.10
Calmar ratio: Return relative to maximum drawdown	3.06	3.53	-0.47
Martin ratio: Return relative to average drawdown	10.42	14.80	-4.38

GCOW vs. DLN - Sharpe Ratio Comparison

The current GCOW Sharpe Ratio is 1.91, which is comparable to the DLN Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of GCOW and DLN, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

GCOW vs. DLN - Drawdown Comparison

The maximum GCOW drawdown since its inception was -37.64%, smaller than the maximum DLN drawdown of -57.84%. Use the drawdown chart below to compare losses from any high point for GCOW and DLN.

Drawdown Indicators

	GCOW	DLN	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-57.84%	+20.20%
Max Drawdown (1Y) Largest decline over 1 year	-6.93%	-6.10%	-0.83%
Max Drawdown (3Y) Largest decline over 3 years	-12.35%	-13.71%	+1.36%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-16.26%	-5.22%
Max Drawdown (10Y) Largest decline over 10 years	-37.64%	-35.82%	-1.82%
Current Drawdown Current decline from peak	-6.93%	-1.12%	-5.81%
Average Drawdown Average peak-to-trough decline	-5.83%	-7.50%	+1.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	1.45%	+0.58%

Volatility

GCOW vs. DLN - Volatility Comparison

Pacer Global Cash Cows Dividend ETF (GCOW) and WisdomTree U.S. LargeCap Dividend Fund (DLN) have volatilities of 2.89% and 2.78%, 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.

Volatility by Period

	GCOW	DLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.89%	2.78%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	8.29%	7.00%	+1.29%
Volatility (1Y) Calculated over the trailing 1-year period	11.09%	9.03%	+2.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.50%	13.27%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.03%	16.14%	-0.11%

GCOW vs. DLN - Expense Ratio Comparison

GCOW has a 0.60% expense ratio, which is higher than DLN's 0.28% expense ratio.

Dividends

GCOW vs. DLN - Dividend Comparison

GCOW's dividend yield for the trailing twelve months is around 4.90%, more than DLN's 1.79% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DLN WisdomTree U.S. LargeCap Dividend Fund	1.79%	1.90%	2.00%	2.43%	2.53%	2.01%	2.66%	2.51%	2.90%	2.33%	2.64%	2.80%
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%	0.00%

Frequently Asked Questions

Can I hold both GCOW and DLN in my portfolio?

GCOW and DLN 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.

Which is riskier, GCOW or DLN?

GCOW has higher volatility (2.89%) compared to DLN (2.78%). In terms of maximum drawdown, GCOW dropped -37.64% vs DLN's -57.84%.

Which ETF is better, GCOW or DLN?

On 10-year performance, DLN leads with 12.86% vs 9.95% for GCOW. On fees, DLN is cheaper at 0.28% per year. On volatility, DLN has been the lower-risk option at 2.78%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCOW or DLN?

Over the 10-year period, DLN has performed better with a 12.86% return vs 9.95%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCOW or DLN?

DLN is cheaper with a 0.28% expense ratio, compared with 0.60% for GCOW.

Which ETF pays a higher dividend yield, GCOW or DLN?

GCOW has the higher dividend yield at 4.90%, compared with 1.79% for DLN.

What is the main difference between GCOW and DLN?

GCOW tracks Pacer Global Cash Cows Dividends Index, while DLN tracks WisdomTree U.S. LargeCap Dividend Index. They also come from different issuers: Pacer and WisdomTree. Their fees differ too: 0.60% for GCOW and 0.28% for DLN.

Which has better risk-adjusted returns?

DLN currently has the higher Sharpe Ratio (2.39 vs 1.91), 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.