GCOW vs. EPD

Last updated Jun 14, 2026

GCOW (Pacer Global Cash Cows Dividend ETF) is Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index, while EPD (Enterprise Products Partners L.P.) is a stock. Over the past 10 years, GCOW returned 10.32%/yr vs 10.61%/yr for EPD. At a 0.48 correlation, their price movements are largely independent.

Performance

GCOW vs. EPD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Global Cash Cows Dividend ETF (GCOW) and Enterprise Products Partners L.P. (EPD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCOW achieves a 12.75% return, which is significantly lower than EPD's 19.79% return. Both investments have delivered pretty close results over the past 10 years, with GCOW having a 10.32% annualized return and EPD not far ahead at 10.61%.

GCOW

• 1D: 0.22%
• 1M: 0.09%
• YTD: 12.75%
• 6M: 13.53%
• 1Y: 24.86%
• 3Y*: 16.79%
• 5Y*: 12.37%
• 10Y*: 10.32%

EPD

• 1D: -0.08%
• 1M: -5.05%
• YTD: 19.79%
• 6M: 19.53%
• 1Y: 24.08%
• 3Y*: 20.73%
• 5Y*: 15.96%
• 10Y*: 10.61%

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

GCOW vs. EPD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCOW Pacer Global Cash Cows Dividend ETF	12.75%	27.34%	3.52%	13.95%	5.49%	14.58%	-4.33%	17.81%	-7.99%	20.71%
EPD Enterprise Products Partners L.P.	19.79%	9.45%	28.00%	17.71%	18.32%	21.40%	-23.61%	21.88%	-1.32%	4.24%

Correlation

The correlation between GCOW and EPD is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.34
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.49
Correlation (10Y) Calculated over the trailing 10-year period	0.48
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016	0.48

The correlation between GCOW and EPD shifts across timeframes, from 0.34 (1 year) to 0.49 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

GCOW vs. EPD — Risk / Return Rank

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

GCOW

GCOW Risk / Return Rank: 82
GCOW Sharpe Ratio Rank: 81
GCOW Sortino Ratio Rank: 84
GCOW Omega Ratio Rank: 77
GCOW Calmar Ratio Rank: 91
GCOW Martin Ratio Rank: 78

EPD

EPD Risk / Return Rank: 83
EPD Sharpe Ratio Rank: 84
EPD Sortino Ratio Rank: 81
EPD Omega Ratio Rank: 79
EPD Calmar Ratio Rank: 85
EPD Martin Ratio Rank: 88

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. EPD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and Enterprise Products Partners L.P. (EPD). 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	EPD	Difference
Sharpe ratio: Return per unit of total volatility	2.26	1.54	+0.71
Sortino ratio: Return per unit of downside risk	3.27	2.24	+1.03
Omega ratio: Gain probability vs. loss probability	1.39	1.28	+0.12
Calmar ratio: Return relative to maximum drawdown	5.13	3.24	+1.88
Martin ratio: Return relative to average drawdown	13.09	9.50	+3.59

GCOW vs. EPD - Sharpe Ratio Comparison

The current GCOW Sharpe Ratio is 2.26, which is higher than the EPD Sharpe Ratio of 1.54. The chart below compares the historical Sharpe Ratios of GCOW and EPD, 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. EPD - Drawdown Comparison

The maximum GCOW drawdown since its inception was -37.64%, smaller than the maximum EPD drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for GCOW and EPD.

Drawdown Indicators

	GCOW	EPD	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-58.78%	+21.14%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-7.56%	+2.79%
Max Drawdown (3Y) Largest decline over 3 years	-12.35%	-15.40%	+3.05%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-18.06%	-3.42%
Max Drawdown (10Y) Largest decline over 10 years	-37.64%	-58.04%	+20.40%
Current Drawdown Current decline from peak	-2.24%	-6.41%	+4.17%
Average Drawdown Average peak-to-trough decline	-5.83%	-10.22%	+4.39%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.58%	-0.70%

Volatility

GCOW vs. EPD - Volatility Comparison

The current volatility for Pacer Global Cash Cows Dividend ETF (GCOW) is 2.45%, while Enterprise Products Partners L.P. (EPD) has a volatility of 6.00%. This indicates that GCOW experiences smaller price fluctuations and is considered to be less risky than EPD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCOW	EPD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	6.00%	-3.55%
Volatility (6M) Calculated over the trailing 6-month period	7.96%	13.27%	-5.31%
Volatility (1Y) Calculated over the trailing 1-year period	10.85%	15.90%	-5.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	17.23%	-3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.17%	24.14%	-7.97%

Dividends

GCOW vs. EPD - Dividend Comparison

GCOW's dividend yield for the trailing twelve months is around 4.67%, less than EPD's 5.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPD Enterprise Products Partners L.P.	5.88%	6.74%	6.63%	7.51%	7.79%	8.20%	9.09%	6.23%	6.97%	6.29%	5.88%	5.90%
GCOW Pacer Global Cash Cows Dividend ETF	4.67%	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 EPD in my portfolio?

GCOW and EPD have a correlation of 0.34, 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 EPD?

EPD has higher volatility (6.00%) compared to GCOW (2.45%). In terms of maximum drawdown, GCOW dropped -37.64% vs EPD's -58.78%.

Which has better risk-adjusted returns?

GCOW currently has the higher Sharpe Ratio (2.26 vs 1.54), 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.