GCOW vs. SCHV

Last updated Jul 14, 2026

GCOW (Pacer Global Cash Cows Dividend ETF) and SCHV (Schwab U.S. Large-Cap Value ETF) are both Large Cap Value Equities funds - GCOW tracks the Pacer Global Cash Cows Dividends Index while SCHV tracks the Dow Jones U.S. Large-Cap Value Total Stock Market Index. Both are passively managed. Over the past 10 years, GCOW returned 9.38%/yr vs 11.18%/yr for SCHV. A 0.76 correlation means they provide meaningful diversification when combined. GCOW charges 0.60%/yr vs 0.04%/yr for SCHV.

Performance

GCOW vs. SCHV - Performance Comparison

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

Returns By Period

In the year-to-date period, GCOW achieves a 9.34% return, which is significantly lower than SCHV's 16.63% return. Over the past 10 years, GCOW has underperformed SCHV with an annualized return of 9.38%, while SCHV has yielded a comparatively higher 11.18% annualized 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%

SCHV

• 1D: -0.49%
• 1M: -0.27%
• 6M: 12.60%
• YTD: 16.63%
• 1Y: 24.62%
• 3Y*: 17.58%
• 5Y*: 10.87%
• 10Y*: 11.18%

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

GCOW vs. SCHV - 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%	20.71%
SCHV Schwab U.S. Large-Cap Value ETF	16.63%	16.02%	14.13%	8.93%	-7.65%	25.58%	2.64%	25.92%	-7.30%	16.56%

Correlation

The correlation between GCOW and SCHV is 0.54, 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	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.71
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

Over the past year, the correlation between GCOW and SCHV has dropped to 0.54 - well below their long-term average of 0.76, suggesting their price drivers have been diverging.

GCOW vs. SCHV - Sectors Allocation Comparison

Sectors	GCOW	SCHV
Energy	22.9%	6.4%
Consumer Defensive	17.0%	8.3%
Healthcare	14.8%	10.9%
Communication Services	14.5%	2.4%
Industrials	12.6%	13.6%
Basic Materials	8.1%	2.7%
Consumer Cyclical	4.8%	6.6%
Utilities	4.0%	4.2%
Technology	1.3%	22.5%
Financial Services	-	18.6%
Real Estate	-	3.9%

Return for Risk

GCOW vs. SCHV — Risk / Return Rank

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

GCOW

GCOW Risk / Return Rank: 67
GCOW Sharpe Ratio Rank: 70
GCOW Sortino Ratio Rank: 73
GCOW Omega Ratio Rank: 67
GCOW Calmar Ratio Rank: 64
GCOW Martin Ratio Rank: 59

SCHV

SCHV Risk / Return Rank: 85
SCHV Sharpe Ratio Rank: 86
SCHV Sortino Ratio Rank: 87
SCHV Omega Ratio Rank: 83
SCHV Calmar Ratio Rank: 84
SCHV Martin Ratio Rank: 87

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. SCHV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and Schwab U.S. Large-Cap Value ETF (SCHV). 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	SCHV	Difference
Sharpe ratio: Return per unit of total volatility	1.80	2.20	-0.40
Sortino ratio: Return per unit of downside risk	2.63	3.14	-0.50
Omega ratio: Gain probability vs. loss probability	1.32	1.39	-0.07
Calmar ratio: Return relative to maximum drawdown	2.56	3.62	-1.06
Martin ratio: Return relative to average drawdown	8.08	14.40	-6.32

GCOW vs. SCHV - Sharpe Ratio Comparison

The current GCOW Sharpe Ratio is 1.80, which is comparable to the SCHV Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of GCOW and SCHV, 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. SCHV - Drawdown Comparison

The maximum GCOW drawdown since its inception was -37.64%, roughly equal to the maximum SCHV drawdown of -37.08%. Use the drawdown chart below to compare losses from any high point for GCOW and SCHV.

Drawdown Indicators

	GCOW	SCHV	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-37.08%	-0.56%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-6.83%	-1.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.35%	-15.26%	+2.91%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-19.78%	-1.70%
Max Drawdown (10Y) Largest decline over 10 years	-37.64%	-37.08%	-0.56%
Current Drawdown Current decline from peak	-5.20%	-1.78%	-3.42%
Average Drawdown Average peak-to-trough decline	-5.83%	-3.81%	-2.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	1.71%	+0.77%

Volatility

GCOW vs. SCHV - Volatility Comparison

Pacer Global Cash Cows Dividend ETF (GCOW) and Schwab U.S. Large-Cap Value ETF (SCHV) have volatilities of 4.09% and 4.06%, 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	SCHV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.09%	4.06%	+0.03%
Volatility (6M) Calculated over the trailing 6-month period	8.59%	8.83%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	11.15%	11.26%	-0.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.53%	14.55%	-1.02%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	16.92%	-0.93%

GCOW vs. SCHV - Expense Ratio Comparison

GCOW has a 0.60% expense ratio, which is higher than SCHV's 0.04% expense ratio.

Dividends

GCOW vs. SCHV - Dividend Comparison

GCOW's dividend yield for the trailing twelve months is around 4.81%, more than SCHV's 1.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
SCHV Schwab U.S. Large-Cap Value ETF	1.78%	2.02%	2.25%	2.42%	2.37%	1.93%	3.03%	3.02%	3.05%	2.37%	2.65%	2.69%

Frequently Asked Questions

Can I hold both GCOW and SCHV in my portfolio?

GCOW and SCHV have a correlation of 0.54, 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 SCHV?

GCOW has higher volatility (4.09%) compared to SCHV (4.06%). In terms of maximum drawdown, GCOW dropped -37.64% vs SCHV's -37.08%.

Which ETF is better, GCOW or SCHV?

On 10-year performance, SCHV leads with 11.18% vs 9.38% for GCOW. On fees, SCHV is cheaper at 0.04% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCOW or SCHV?

Over the 10-year period, SCHV has performed better with a 11.18% return vs 9.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCOW or SCHV?

SCHV is cheaper with a 0.04% expense ratio, compared with 0.60% for GCOW.

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

GCOW has the higher dividend yield at 4.81%, compared with 1.78% for SCHV.

What is the main difference between GCOW and SCHV?

GCOW tracks Pacer Global Cash Cows Dividends Index, while SCHV tracks Dow Jones U.S. Large-Cap Value Total Stock Market Index. They also come from different issuers: Pacer and Charles Schwab. Their fees differ too: 0.60% for GCOW and 0.04% for SCHV.

Which has better risk-adjusted returns?

SCHV currently has the higher Sharpe Ratio (2.20 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.