GENW vs. ICOW

Last updated Jun 24, 2026

GENW (Genter Capital International Dividend ETF) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both Foreign Large Cap Equities funds. GENW is actively managed, while ICOW is passively managed. Over the past year, GENW returned 30.08% vs 27.98% for ICOW. A 0.75 correlation means they provide meaningful diversification when combined. GENW charges 0.38%/yr vs 0.65%/yr for ICOW.

Performance

GENW vs. ICOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Genter Capital International Dividend ETF (GENW) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GENW achieves a 11.82% return, which is significantly higher than ICOW's 8.64% return.

GENW

• 1D: -0.79%
• 1M: -0.63%
• YTD: 11.82%
• 6M: 11.51%
• 1Y: 30.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICOW

• 1D: -2.08%
• 1M: -6.45%
• YTD: 8.64%
• 6M: 8.47%
• 1Y: 27.98%
• 3Y*: 16.87%
• 5Y*: 8.76%
• 10Y*: —

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

GENW vs. ICOW - Yearly Performance Comparison

	2026 (YTD)	2025
GENW Genter Capital International Dividend ETF	11.82%	37.92%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	8.64%	37.24%

Correlation

The correlation between GENW and ICOW is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Jan 13, 2025	0.75

The correlation between GENW and ICOW has been stable across timeframes, ranging from 0.74 to 0.75 - a consistent structural relationship.

Return for Risk

GENW vs. ICOW — Risk / Return Rank

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

GENW

GENW Risk / Return Rank: 70
GENW Sharpe Ratio Rank: 75
GENW Sortino Ratio Rank: 74
GENW Omega Ratio Rank: 72
GENW Calmar Ratio Rank: 65
GENW Martin Ratio Rank: 65

ICOW

ICOW Risk / Return Rank: 63
ICOW Sharpe Ratio Rank: 60
ICOW Sortino Ratio Rank: 56
ICOW Omega Ratio Rank: 58
ICOW Calmar Ratio Rank: 73
ICOW Martin Ratio Rank: 66

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.

GENW vs. ICOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Genter Capital International Dividend ETF (GENW) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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.

	GENW	ICOW	Difference
Sharpe ratio: Return per unit of total volatility	2.16	1.91	+0.26
Sortino ratio: Return per unit of downside risk	3.00	2.52	+0.48
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	2.93	3.51	-0.58
Martin ratio: Return relative to average drawdown	10.81	11.46	-0.65

GENW vs. ICOW - Sharpe Ratio Comparison

The current GENW Sharpe Ratio is 2.16, which is comparable to the ICOW Sharpe Ratio of 1.91. The chart below compares the historical Sharpe Ratios of GENW and ICOW, 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

GENW vs. ICOW - Drawdown Comparison

The maximum GENW drawdown since its inception was -14.36%, smaller than the maximum ICOW drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for GENW and ICOW.

Drawdown Indicators

	GENW	ICOW	Difference
Max Drawdown Largest peak-to-trough decline	-14.36%	-43.49%	+29.13%
Max Drawdown (1Y) Largest decline over 1 year	-10.32%	-8.02%	-2.30%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.79%	—
Current Drawdown Current decline from peak	-1.54%	-8.01%	+6.47%
Average Drawdown Average peak-to-trough decline	-1.67%	-7.56%	+5.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.79%	2.45%	+0.34%

Volatility

GENW vs. ICOW - Volatility Comparison

The current volatility for Genter Capital International Dividend ETF (GENW) is 3.74%, while Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has a volatility of 5.85%. This indicates that GENW experiences smaller price fluctuations and is considered to be less risky than ICOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GENW	ICOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.74%	5.85%	-2.11%
Volatility (6M) Calculated over the trailing 6-month period	11.68%	11.90%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	13.99%	14.75%	-0.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.15%	16.77%	-0.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.15%	18.51%	-2.36%

GENW vs. ICOW - Expense Ratio Comparison

GENW has a 0.38% expense ratio, which is lower than ICOW's 0.65% expense ratio.

Dividends

GENW vs. ICOW - Dividend Comparison

GENW's dividend yield for the trailing twelve months is around 2.60%, more than ICOW's 2.35% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
GENW Genter Capital International Dividend ETF	2.60%	2.89%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	2.35%	3.03%	4.39%	3.61%	5.26%	2.11%	2.46%	3.10%	2.61%	0.80%

Frequently Asked Questions

Can I hold both GENW and ICOW in my portfolio?

GENW and ICOW have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GENW or ICOW?

ICOW has higher volatility (5.85%) compared to GENW (3.74%). In terms of maximum drawdown, GENW dropped -14.36% vs ICOW's -43.49%.

Which ETF is better, GENW or ICOW?

On 1-year performance, GENW leads with 30.08% vs 27.98% for ICOW. On fees, GENW is cheaper at 0.38% per year. On volatility, GENW has been the lower-risk option at 3.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GENW or ICOW?

Over the 1-year period, GENW has performed better with a 30.08% return vs 27.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GENW or ICOW?

GENW is cheaper with a 0.38% expense ratio, compared with 0.65% for ICOW.

Which ETF pays a higher dividend yield, GENW or ICOW?

GENW has the higher dividend yield at 2.60%, compared with 2.35% for ICOW.

What is the main difference between GENW and ICOW?

They also come from different issuers: Genter Capital and Pacer. Their fees differ too: 0.38% for GENW and 0.65% for ICOW.

Which has better risk-adjusted returns?

GENW currently has the higher Sharpe Ratio (2.16 vs 1.91), 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.