GCOW vs. VOO

Last updated Jul 29, 2026

GCOW (Pacer Global Cash Cows Dividend ETF) and VOO (Vanguard S&P 500 ETF) are both exchange-traded funds - GCOW is a Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index, while VOO is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, GCOW returned 9.74%/yr vs 14.96%/yr for VOO. Their 0.65 correlation means they have sometimes moved together and sometimes differently. GCOW charges 0.60%/yr vs 0.03%/yr for VOO.

Performance

GCOW vs. VOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Global Cash Cows Dividend ETF (GCOW) and Vanguard S&P 500 ETF (VOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GCOW achieves a 14.43% return, which is significantly higher than VOO's 9.24% return. Over the past 10 years, GCOW has underperformed VOO with an annualized return of 9.74%, while VOO has yielded a comparatively higher 14.96% annualized return.

GCOW

• 1D: 1.80%
• 1M: 6.07%
• 6M: 7.54%
• YTD: 14.43%
• 1Y: 24.86%
• 3Y*: 15.50%
• 5Y*: 13.12%
• 10Y*: 9.74%
• ALL TIME*: 10.55%

VOO

• 1D: 0.24%
• 1M: 1.60%
• 6M: 7.10%
• YTD: 9.24%
• 1Y: 17.69%
• 3Y*: 19.04%
• 5Y*: 12.53%
• 10Y*: 14.96%
• ALL TIME*: 14.73%

*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	$12.50M	$13.70M	$12.45M
VOO Vanguard S&P 500 ETF	$3.35B	$3.87B	$5.41B

GCOW vs. VOO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
GCOW Pacer Global Cash Cows Dividend ETF	14.43%	27.34%	3.52%	13.95%	5.49%	14.58%	-4.33%	17.81%	-7.99%	20.71%
VOO Vanguard S&P 500 ETF	9.24%	17.82%	24.98%	26.32%	-18.17%	28.79%	18.32%	31.37%	-4.50%	21.77%

Correlation

The correlation between GCOW and VOO is 0.26, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.26
Correlation (3Y) Balances recent behavior with more history.	0.41
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (10Y) Provides a long-term view across more market conditions.	0.64
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016	0.65

Over the past year, the correlation between GCOW and VOO has dropped to 0.26 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.

GCOW vs. VOO - Sectors Allocation Comparison

Sectors	GCOW	VOO
Consumer Defensive	22.9%	4.5%
Healthcare	17.2%	8.9%
Communication Services	15.0%	9.9%
Energy	11.2%	3.0%
Industrials	10.5%	8.5%
Consumer Cyclical	7.6%	9.5%
Utilities	6.7%	2.2%
Basic Materials	3.6%	1.7%
Technology	2.9%	38.6%
Financial Services	-	11.4%
Real Estate	-	1.8%

Return for Risk

GCOW vs. VOO — Risk / Return Rank

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

GCOW

GCOW Risk / Return Rank: 87
GCOW Sharpe Ratio Rank: 91
GCOW Sortino Ratio Rank: 92
GCOW Omega Ratio Rank: 89
GCOW Calmar Ratio Rank: 84
GCOW Martin Ratio Rank: 77

VOO

VOO Risk / Return Rank: 61
VOO Sharpe Ratio Rank: 60
VOO Sortino Ratio Rank: 58
VOO Omega Ratio Rank: 59
VOO Calmar Ratio Rank: 57
VOO Martin Ratio Rank: 70

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. VOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Global Cash Cows Dividend ETF (GCOW) and Vanguard S&P 500 ETF (VOO). 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	VOO	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.41	+0.87
Sortino ratio: Return per unit of downside risk	3.27	1.97	+1.29
Omega ratio: Gain probability vs. loss probability	1.40	1.25	+0.15
Calmar ratio: Return relative to maximum drawdown	3.19	2.00	+1.19
Martin ratio: Return relative to average drawdown	9.81	8.58	+1.23

GCOW vs. VOO - Sharpe Ratio Comparison

The current GCOW Sharpe Ratio is 2.28, which is higher than the VOO Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of GCOW and VOO, 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. VOO - Drawdown Comparison

The maximum GCOW drawdown since its inception was -37.64%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for GCOW and VOO.

Drawdown Indicators

	GCOW	VOO	Difference
Max Drawdown Largest peak-to-trough decline	-37.64%	-33.99%	-3.65%
Max Drawdown (1Y) Largest decline over 1 year	-7.83%	-8.90%	+1.07%
Max Drawdown (3Y) Largest decline over 3 years	-12.35%	-18.69%	+6.34%
Max Drawdown (5Y) Largest decline over 5 years	-21.48%	-24.52%	+3.04%
Max Drawdown (10Y) Largest decline over 10 years	-37.64%	-33.99%	-3.65%
Current Drawdown Current decline from peak	-0.78%	-2.19%	+1.41%
Average Drawdown Average peak-to-trough decline	-5.82%	-3.67%	-2.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.54%	2.07%	+0.47%

Volatility

GCOW vs. VOO - Volatility Comparison

Pacer Global Cash Cows Dividend ETF (GCOW) has a higher volatility of 3.72% compared to Vanguard S&P 500 ETF (VOO) at 3.17%. This indicates that GCOW's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GCOW	VOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.72%	3.17%	+0.55%
Volatility (6M) Calculated over the trailing 6-month period	8.63%	9.83%	-1.20%
Volatility (1Y) Calculated over the trailing 1-year period	11.03%	12.61%	-1.58%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.55%	16.91%	-3.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.01%	18.01%	-2.00%

GCOW vs. VOO - Expense Ratio Comparison

GCOW has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.

Dividends

GCOW vs. VOO - Dividend Comparison

GCOW's dividend yield for the trailing twelve months is around 4.60%, more than VOO's 1.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%	0.00%
VOO Vanguard S&P 500 ETF	1.08%	1.13%	1.24%	1.46%	1.69%	1.25%	1.54%	1.88%	2.06%	1.78%	2.02%	2.10%

Frequently Asked Questions

Can I hold both GCOW and VOO in my portfolio?

GCOW and VOO have a correlation of 0.26, 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 VOO?

GCOW has higher volatility (3.72%) compared to VOO (3.17%). In terms of maximum drawdown, GCOW dropped -37.64% vs VOO's -33.99%.

Which ETF is better, GCOW or VOO?

On 10-year performance, VOO leads with 14.96% vs 9.74% for GCOW. On fees, VOO is cheaper at 0.03% per year. On volatility, VOO has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GCOW or VOO?

Over the 10-year period, VOO has performed better with a 14.96% return vs 9.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GCOW or VOO?

VOO is cheaper with a 0.03% expense ratio, compared with 0.60% for GCOW.

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

GCOW has the higher dividend yield at 4.60%, compared with 1.08% for VOO.

What is the main difference between GCOW and VOO?

GCOW is categorized as Large Cap Value Equities, while VOO is S&P 500. GCOW tracks Pacer Global Cash Cows Dividends Index, while VOO tracks S&P 500 Index. They also come from different issuers: Pacer and Vanguard. Their fees differ too: 0.60% for GCOW and 0.03% for VOO.

Which has better risk-adjusted returns?

GCOW currently has the higher Sharpe Ratio (2.28 vs 1.41), 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.