GCOW vs. TYLD

Last updated Aug 6, 2026

GCOW (Pacer Global Cash Cows Dividend ETF) and TYLD (Cambria Tactical Yield ETF) are both exchange-traded funds - GCOW is a Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index, while TYLD is a Tactical Allocation fund actively managed by Cambria. GCOW is passively managed, while TYLD is actively managed. Over the past year, GCOW returned 25.93% vs 3.76% for TYLD. Their -0.06 correlation means they have often moved in opposite directions in the past. GCOW charges 0.60%/yr vs 0.59%/yr for TYLD.

Performance

GCOW vs. TYLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Global Cash Cows Dividend ETF (GCOW) and Cambria Tactical Yield ETF (TYLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCOW achieves a 14.28% return, which is significantly higher than TYLD's 1.96% return.

GCOW

• 1D: -0.22%
• 1M: 5.16%
• 6M: 3.37%
• YTD: 14.28%
• 1Y: 25.93%
• 3Y*: 16.41%
• 5Y*: 13.24%
• 10Y*: 9.79%
• ALL TIME*: 10.51%

TYLD

• 1D: -0.02%
• 1M: 0.12%
• 6M: 1.62%
• YTD: 1.96%
• 1Y: 3.76%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.30%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
GCOW Pacer Global Cash Cows Dividend ETF	$12.61M	$12.64M	$12.26M
TYLD Cambria Tactical Yield ETF	$17.33K	$121.77K	$74.62K

GCOW vs. TYLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GCOW Pacer Global Cash Cows Dividend ETF	14.28%	27.34%	2.86%
TYLD Cambria Tactical Yield ETF	1.96%	4.05%	5.09%

Correlation

The correlation between GCOW and TYLD is -0.06, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 4, 2024	-0.06

Return for Risk

GCOW vs. TYLD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GCOW

GCOW Risk / Return Rank: 84
GCOW Sharpe Ratio Rank: 89
GCOW Sortino Ratio Rank: 91
GCOW Omega Ratio Rank: 88
GCOW Calmar Ratio Rank: 81
GCOW Martin Ratio Rank: 73

TYLD

TYLD Risk / Return Rank: 99
TYLD Sharpe Ratio Rank: 99
TYLD Sortino Ratio Rank: 99
TYLD Omega Ratio Rank: 99
TYLD Calmar Ratio Rank: 99
TYLD Martin Ratio Rank: 99

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GCOW vs. TYLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and Cambria Tactical Yield ETF (TYLD). 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	TYLD	Difference
Sharpe ratio: Return per unit of total volatility	2.40	5.17	-2.77
Sortino ratio: Return per unit of downside risk	3.48	9.80	-6.33
Omega ratio: Gain probability vs. loss probability	1.43	2.52	-1.10
Calmar ratio: Return relative to maximum drawdown	3.33	21.20	-17.88
Martin ratio: Return relative to average drawdown	10.27	112.10	-101.83

GCOW vs. TYLD - Sharpe Ratio Comparison

The current GCOW Sharpe Ratio is 2.40, which is lower than the TYLD Sharpe Ratio of 5.17. The chart below compares the historical Sharpe Ratios of GCOW and TYLD, 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. TYLD - Drawdown Comparison

The maximum GCOW drawdown since its inception was -37.64%, which is greater than TYLD's maximum drawdown of -1.06%. Use the drawdown chart below to compare losses from any high point for GCOW and TYLD.

Drawdown Indicators

	GCOW	TYLD	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-1.06%	-36.58%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-0.18%	-7.65%
Max Drawdown (3Y) Largest decline over 3 years	-12.35%	—	—
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	-1.15%	-0.02%	-1.13%
Average Drawdown Average peak-to-trough decline	-5.81%	-0.10%	-5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.53%	0.03%	+2.50%

Volatility

GCOW vs. TYLD - Volatility Comparison

Pacer Global Cash Cows Dividend ETF (GCOW) has a higher volatility of 2.98% compared to Cambria Tactical Yield ETF (TYLD) at 0.25%. This indicates that GCOW's price experiences larger fluctuations and is considered to be riskier than TYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCOW	TYLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.98%	0.25%	+2.73%
Volatility (6M) Calculated over the trailing 6-month period	8.47%	0.57%	+7.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.87%	0.73%	+10.14%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.54%	1.72%	+11.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.00%	1.72%	+14.28%

GCOW vs. TYLD - Expense Ratio Comparison

GCOW has a 0.60% expense ratio, which is higher than TYLD's 0.59% expense ratio.

Dividends

GCOW vs. TYLD - Dividend Comparison

GCOW's dividend yield for the trailing twelve months is around 4.60%, more than TYLD's 3.72% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GCOW Pacer Global Cash Cows Dividend ETF	4.60%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%
TYLD Cambria Tactical Yield ETF	3.72%	4.38%	4.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GCOW and TYLD in my portfolio?

GCOW and TYLD have a correlation of -0.06, 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 TYLD?

GCOW has higher volatility (2.98%) compared to TYLD (0.25%). In terms of maximum drawdown, GCOW dropped -37.64% vs TYLD's -1.06%.

Which ETF is better, GCOW or TYLD?

On 1-year performance, GCOW leads with 25.93% vs 3.76% for TYLD. On fees, TYLD is cheaper at 0.59% per year. On volatility, TYLD has been the lower-risk option at 0.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCOW or TYLD?

Over the 1-year period, GCOW has performed better with a 25.93% return vs 3.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCOW or TYLD?

TYLD is cheaper with a 0.59% expense ratio, compared with 0.60% for GCOW.

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

GCOW has the higher dividend yield at 4.60%, compared with 3.72% for TYLD.

What is the main difference between GCOW and TYLD?

GCOW is categorized as Large Cap Value Equities, while TYLD is Tactical Allocation. They also come from different issuers: Pacer and Cambria. Their fees differ too: 0.60% for GCOW and 0.59% for TYLD.

Which has better risk-adjusted returns?

TYLD currently has the higher Sharpe Ratio (5.17 vs 2.40), 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.