GFLW vs. GCOW
GFLW (VictoryShares Free Cash Flow Growth ETF) and GCOW (Pacer Global Cash Cows Dividend ETF) are both exchange-traded funds - GFLW is a Large Cap Growth Equities fund tracking the Victory Free Cash Flow Growth Index, while GCOW is a Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index. Both are passively managed. Over the past year, GFLW returned 21.44% vs 27.77% for GCOW. Their 0.13 correlation means their historical movements had little consistent relationship. GFLW charges 0.39%/yr vs 0.60%/yr for GCOW.
Performance
GFLW vs. GCOW - Performance Comparison
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Returns By Period
In the year-to-date period, GFLW achieves a 13.67% return, which is significantly lower than GCOW's 14.77% return.
GFLW
- 1D
- 0.29%
- 1M
- -3.28%
- 6M
- 14.62%
- YTD
- 13.67%
- 1Y
- 21.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 15.37%
GCOW
- 1D
- -0.73%
- 1M
- 5.47%
- 6M
- 7.25%
- YTD
- 14.77%
- 1Y
- 27.77%
- 3Y*
- 16.05%
- 5Y*
- 13.35%
- 10Y*
- 9.89%
- ALL TIME*
- 10.57%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.71M | $12.72M | $12.45M | |
| $4.20M | $5.66M | $3.52M |
GFLW vs. GCOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GFLW VictoryShares Free Cash Flow Growth ETF | 13.67% | 18.40% | -5.88% |
GCOW Pacer Global Cash Cows Dividend ETF | 14.77% | 27.34% | -3.58% |
Correlation
The correlation between GFLW and GCOW is 0.07, 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. | 0.07 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024 | 0.13 |
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Return for Risk
GFLW vs. GCOW — Risk / Return Rank
GFLW
GCOW
GFLW vs. GCOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for VictoryShares Free Cash Flow Growth ETF (GFLW) and Pacer Global Cash Cows Dividend ETF (GCOW). 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.
| GFLW | GCOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.69 | ||
| Sortino ratioReturn per unit of downside risk | -2.38 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.46 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 3.61 | -2.29 |
| Martin ratioReturn relative to average drawdown | 4.15 | 11.15 | -7.00 |
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Drawdowns
GFLW vs. GCOW - Drawdown Comparison
The maximum GFLW drawdown since its inception was -24.14%, smaller than the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for GFLW and GCOW.
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Drawdown Indicators
| GFLW | GCOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.14% | -37.64% | +13.50% |
Max Drawdown (1Y)Largest decline over 1 year | -14.95% | -7.83% | -7.12% |
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 DrawdownCurrent decline from peak | -6.63% | -0.73% | -5.90% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -5.82% | +1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.72% | 2.53% | +2.19% |
Volatility
GFLW vs. GCOW - Volatility Comparison
VictoryShares Free Cash Flow Growth ETF (GFLW) has a higher volatility of 5.87% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 3.59%. This indicates that GFLW's price experiences larger fluctuations and is considered to be riskier than GCOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GFLW | GCOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.87% | 3.59% | +2.28% |
Volatility (6M)Calculated over the trailing 6-month period | 17.51% | 8.54% | +8.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.58% | 10.99% | +10.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.84% | 13.55% | +11.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.84% | 16.00% | +8.84% |
GFLW vs. GCOW - Expense Ratio Comparison
GFLW has a 0.39% expense ratio, which is lower than GCOW's 0.60% expense ratio.
Dividends
GFLW vs. GCOW - Dividend Comparison
GFLW has not paid dividends to shareholders, while GCOW's dividend yield for the trailing twelve months is around 4.58%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
GCOW Pacer Global Cash Cows Dividend ETF | 4.58% | 4.06% | 5.14% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% |
GFLW VictoryShares Free Cash Flow Growth ETF | 0.00% | 0.02% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
GFLW and GCOW have a correlation of 0.07, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GFLW has higher volatility (5.87%) compared to GCOW (3.59%). In terms of maximum drawdown, GFLW dropped -24.14% vs GCOW's -37.64%.
On 1-year performance, GCOW leads with 27.77% vs 21.44% for GFLW. On fees, GFLW is cheaper at 0.39% per year. On volatility, GCOW has been the lower-risk option at 3.59%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, GCOW has performed better with a 27.77% return vs 21.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
GFLW is cheaper with a 0.39% expense ratio, compared with 0.60% for GCOW.
GCOW has the higher dividend yield at 4.58%, compared with 0.00% for GFLW.
GFLW is categorized as Large Cap Growth Equities, while GCOW is Large Cap Value Equities. GFLW tracks Victory Free Cash Flow Growth Index, while GCOW tracks Pacer Global Cash Cows Dividends Index. They also come from different issuers: Victory and Pacer. Their fees differ too: 0.39% for GFLW and 0.60% for GCOW.
GCOW currently has the higher Sharpe Ratio (2.60 vs 0.91), 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.
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