GLW vs. GCOW
GLW (Corning Incorporated) is a stock, while GCOW (Pacer Global Cash Cows Dividend ETF) is Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index. Over the past 10 years, GLW returned 24.49%/yr vs 9.79%/yr for GCOW. Their 0.50 correlation means their historical movements had little consistent relationship.
Performance
GLW vs. GCOW - Performance Comparison
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Returns By Period
In the year-to-date period, GLW achieves a 79.57% return, which is significantly higher than GCOW's 14.28% return. Over the past 10 years, GLW has outperformed GCOW with an annualized return of 24.49%, while GCOW has yielded a comparatively lower 9.79% annualized return.
GLW
- 1D
- -2.00%
- 1M
- -19.56%
- 6M
- 43.34%
- YTD
- 79.57%
- 1Y
- 150.77%
- 3Y*
- 71.84%
- 5Y*
- 34.23%
- 10Y*
- 24.49%
- ALL TIME*
- 10.40%
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%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $12.61M | $12.64M | $12.26M | |
| $2.46B | $2.09B | $2.84B |
GLW vs. GCOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
GLW Corning Incorporated | 79.57% | 87.76% | 60.64% | -1.23% | -11.56% | 5.92% | 27.57% | -1.02% | -3.28% | 34.63% |
GCOW Pacer Global Cash Cows Dividend ETF | 14.28% | 27.34% | 3.52% | 13.95% | 5.49% | 14.58% | -4.33% | 17.81% | -7.99% | 20.71% |
Correlation
The correlation between GLW and GCOW is 0.12, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.12 |
Correlation (3Y) Balances recent behavior with more history. | 0.24 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.38 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.49 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016 | 0.50 |
Over the past year, the correlation between GLW and GCOW has dropped to 0.12 - well below their long-term average of 0.50, suggesting their price drivers have been diverging.
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Return for Risk
GLW vs. GCOW — Risk / Return Rank
GLW
GCOW
GLW vs. GCOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Corning Incorporated (GLW) 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.
| GLW | GCOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.43 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 3.33 | -0.38 |
| Martin ratioReturn relative to average drawdown | 11.03 | 10.27 | +0.76 |
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Drawdowns
GLW vs. GCOW - Drawdown Comparison
The maximum GLW drawdown since its inception was -99.02%, which is greater than GCOW's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for GLW and GCOW.
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Drawdown Indicators
| GLW | GCOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.02% | -37.64% | -61.38% |
Max Drawdown (1Y)Largest decline over 1 year | -51.48% | -7.83% | -43.65% |
Max Drawdown (3Y)Largest decline over 3 years | -51.48% | -12.35% | -39.13% |
Max Drawdown (5Y)Largest decline over 5 years | -51.48% | -21.48% | -30.00% |
Max Drawdown (10Y)Largest decline over 10 years | -51.48% | -37.64% | -13.84% |
Current DrawdownCurrent decline from peak | -38.71% | -1.15% | -37.56% |
Average DrawdownAverage peak-to-trough decline | -50.42% | -5.81% | -44.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 13.73% | 2.53% | +11.20% |
Volatility
GLW vs. GCOW - Volatility Comparison
Corning Incorporated (GLW) has a higher volatility of 26.20% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 2.98%. This indicates that GLW'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
| GLW | GCOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 26.20% | 2.98% | +23.22% |
Volatility (6M)Calculated over the trailing 6-month period | 62.01% | 8.47% | +53.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 68.42% | 10.87% | +57.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 40.06% | 13.54% | +26.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.14% | 16.00% | +20.14% |
Dividends
GLW vs. GCOW - Dividend Comparison
GLW's dividend yield for the trailing twelve months is around 0.71%, less than GCOW's 4.60% 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% |
GLW Corning Incorporated | 0.71% | 1.28% | 2.36% | 3.68% | 3.38% | 2.58% | 2.44% | 2.75% | 2.38% | 1.94% | 2.22% | 2.63% |
Frequently Asked Questions
GLW and GCOW have a correlation of 0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GLW has higher volatility (26.20%) compared to GCOW (2.98%). In terms of maximum drawdown, GLW dropped -99.02% vs GCOW's -37.64%.
GCOW currently has the higher Sharpe Ratio (2.40 vs 2.22), 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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