GCOW vs. VLUE

Last updated Jun 4, 2026

GCOW (Pacer Global Cash Cows Dividend ETF) and VLUE (iShares Edge MSCI USA Value Factor ETF) are both Large Cap Value Equities funds - GCOW tracks the Pacer Global Cash Cows Dividends Index while VLUE tracks the MSCI USA Value Weighted Index. Both are passively managed. Over the past 10 years, GCOW returned 9.91%/yr vs 15.43%/yr for VLUE. A 0.73 correlation means they provide meaningful diversification when combined. GCOW charges 0.60%/yr vs 0.15%/yr for VLUE.

Performance

GCOW vs. VLUE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Global Cash Cows Dividend ETF (GCOW) and iShares Edge MSCI USA Value Factor ETF (VLUE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCOW achieves a 12.18% return, which is significantly lower than VLUE's 49.00% return. Over the past 10 years, GCOW has underperformed VLUE with an annualized return of 9.91%, while VLUE has yielded a comparatively higher 15.43% annualized return.

GCOW

• 1D: -0.56%
• 1M: 0.09%
• YTD: 12.18%
• 6M: 13.23%
• 1Y: 27.12%
• 3Y*: 17.41%
• 5Y*: 12.34%
• 10Y*: 9.91%

VLUE

• 1D: -0.42%
• 1M: 20.77%
• YTD: 49.00%
• 6M: 51.40%
• 1Y: 91.45%
• 3Y*: 34.26%
• 5Y*: 16.36%
• 10Y*: 15.43%

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

GCOW vs. VLUE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCOW Pacer Global Cash Cows Dividend ETF	12.18%	27.34%	3.52%	13.95%	5.49%	14.58%	-4.33%	17.81%	-7.99%	20.71%
VLUE iShares Edge MSCI USA Value Factor ETF	49.00%	32.67%	7.25%	14.26%	-14.17%	28.93%	-0.23%	27.20%	-11.13%	21.95%

Correlation

The correlation between GCOW and VLUE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Feb 24, 2016	0.73

Over the past year, the correlation between GCOW and VLUE has dropped to 0.41 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.

GCOW vs. VLUE - Sectors Allocation Comparison

Sectors	GCOW	VLUE
Energy	24.4%	3.2%
Consumer Defensive	17.1%	4.0%
Healthcare	14.6%	8.5%
Communication Services	14.6%	8.3%
Industrials	12.4%	7.4%
Basic Materials	7.3%	1.6%
Consumer Cyclical	4.6%	8.3%
Utilities	4.1%	2.0%
Technology	0.9%	44.5%
Financial Services	-	10.4%
Real Estate	-	1.8%

Return for Risk

GCOW vs. VLUE — Risk / Return Rank

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

GCOW

GCOW Risk / Return Rank: 79
GCOW Sharpe Ratio Rank: 76
GCOW Sortino Ratio Rank: 79
GCOW Omega Ratio Rank: 72
GCOW Calmar Ratio Rank: 90
GCOW Martin Ratio Rank: 77

VLUE

VLUE Risk / Return Rank: 97
VLUE Sharpe Ratio Rank: 98
VLUE Sortino Ratio Rank: 98
VLUE Omega Ratio Rank: 97
VLUE Calmar Ratio Rank: 96
VLUE Martin Ratio Rank: 97

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. VLUE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and iShares Edge MSCI USA Value Factor ETF (VLUE). 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.

	GCOW	VLUE	Difference
Sharpe ratio: Return per unit of total volatility	2.52	5.32	-2.80
Sortino ratio: Return per unit of downside risk	3.63	6.86	-3.23
Omega ratio: Gain probability vs. loss probability	1.44	1.91	-0.47
Calmar ratio: Return relative to maximum drawdown	5.71	10.17	-4.46
Martin ratio: Return relative to average drawdown	15.05	45.62	-30.57
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

GCOW vs. VLUE - Sharpe Ratio Comparison

The current GCOW Sharpe Ratio is 2.52, which is lower than the VLUE Sharpe Ratio of 5.32. The chart below compares the historical Sharpe Ratios of GCOW and VLUE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	GCOW	VLUE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.52	5.32	-2.80
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.92	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.78	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.76	-0.18

Drawdowns

GCOW vs. VLUE - Drawdown Comparison

The maximum GCOW drawdown since its inception was -37.64%, roughly equal to the maximum VLUE drawdown of -39.47%. Use the drawdown chart below to compare losses from any high point for GCOW and VLUE.

Drawdown Indicators

	GCOW	VLUE	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-39.47%	+1.83%
Max Drawdown (1Y) Largest decline over 1 year	-4.77%	-9.04%	+4.27%
Max Drawdown (3Y) Largest decline over 3 years	-12.35%	-17.89%	+5.54%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-27.12%	+5.64%
Max Drawdown (10Y) Largest decline over 10 years	-37.64%	-39.47%	+1.83%
Current Drawdown Current decline from peak	-2.73%	-0.42%	-2.31%
Average Drawdown Average peak-to-trough decline	-5.84%	-6.01%	+0.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.81%	2.01%	-0.20%

Volatility

GCOW vs. VLUE - Volatility Comparison

The current volatility for Pacer Global Cash Cows Dividend ETF (GCOW) is 2.85%, while iShares Edge MSCI USA Value Factor ETF (VLUE) has a volatility of 8.03%. This indicates that GCOW experiences smaller price fluctuations and is considered to be less risky than VLUE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCOW	VLUE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	8.03%	-5.18%
Volatility (6M) Calculated over the trailing 6-month period	7.99%	13.96%	-5.97%
Volatility (1Y) Calculated over the trailing 1-year period	10.81%	17.30%	-6.49%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.49%	17.78%	-4.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.20%	19.82%	-3.62%

GCOW vs. VLUE - Expense Ratio Comparison

GCOW has a 0.60% expense ratio, which is higher than VLUE's 0.15% expense ratio.

Dividends

GCOW vs. VLUE - Dividend Comparison

GCOW's dividend yield for the trailing twelve months is around 4.43%, more than VLUE's 1.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GCOW Pacer Global Cash Cows Dividend ETF	4.43%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%	0.00%
VLUE iShares Edge MSCI USA Value Factor ETF	1.40%	2.11%	2.73%	2.66%	3.18%	2.22%	2.42%	2.61%	2.70%	2.14%	2.07%	2.39%

Frequently Asked Questions

Can I hold both GCOW and VLUE in my portfolio?

GCOW and VLUE have a correlation of 0.41, 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 VLUE?

VLUE has higher volatility (8.03%) compared to GCOW (2.85%). In terms of maximum drawdown, GCOW dropped -37.64% vs VLUE's -39.47%.

Which ETF is better, GCOW or VLUE?

On 10-year performance, VLUE leads with 15.43% vs 9.91% for GCOW. On fees, VLUE is cheaper at 0.15% per year. On volatility, GCOW has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCOW or VLUE?

Over the 10-year period, VLUE has performed better with a 15.43% return vs 9.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCOW or VLUE?

VLUE is cheaper with a 0.15% expense ratio, compared with 0.60% for GCOW.

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

GCOW has the higher dividend yield at 4.43%, compared with 1.40% for VLUE.

What is the main difference between GCOW and VLUE?

GCOW tracks Pacer Global Cash Cows Dividends Index, while VLUE tracks MSCI USA Value Weighted Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for GCOW and 0.15% for VLUE.

Which has better risk-adjusted returns?

VLUE currently has the higher Sharpe Ratio (5.32 vs 2.52), 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.