HERD vs. GKAT

Last updated Aug 5, 2026

HERD (Pacer Cash Cows Fund of Funds ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. HERD is passively managed, while GKAT is actively managed. Their 0.69 correlation means they have sometimes moved together and sometimes differently. HERD charges 0.73%/yr vs 0.59%/yr for GKAT.

Performance

HERD vs. GKAT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Cash Cows Fund of Funds ETF (HERD) and Scharf Global Opportunity ETF (GKAT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HERD achieves a 16.91% return, which is significantly higher than GKAT's 10.76% return.

HERD

• 1D: 1.01%
• 1M: 5.99%
• 6M: 11.85%
• YTD: 16.91%
• 1Y: 29.79%
• 3Y*: 15.60%
• 5Y*: 10.88%
• 10Y*: —
• ALL TIME*: 13.16%

GKAT

• 1D: 0.78%
• 1M: 4.31%
• 6M: 8.78%
• YTD: 10.76%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

*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)
GKAT Scharf Global Opportunity ETF	$71.34K	$75.84K	$143.56K
HERD Pacer Cash Cows Fund of Funds ETF	$174.50K	$189.12K	$184.31K

HERD vs. GKAT - Yearly Performance Comparison

	2026 (YTD)	2025
HERD Pacer Cash Cows Fund of Funds ETF	16.91%	5.31%
GKAT Scharf Global Opportunity ETF	10.76%	5.93%

Correlation

The correlation between HERD and GKAT is 0.69, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	0.69

Return for Risk

HERD vs. GKAT — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

HERD

HERD Risk / Return Rank: 92
HERD Sharpe Ratio Rank: 92
HERD Sortino Ratio Rank: 92
HERD Omega Ratio Rank: 91
HERD Calmar Ratio Rank: 94
HERD Martin Ratio Rank: 91

GKAT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

HERD vs. GKAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Cash Cows Fund of Funds ETF (HERD) and Scharf Global Opportunity ETF (GKAT). 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.

	HERD	GKAT	Difference
Sharpe ratio: Return per unit of total volatility	2.56	—	—
Sortino ratio: Return per unit of downside risk	3.61	—	—
Omega ratio: Gain probability vs. loss probability	1.47	—	—
Calmar ratio: Return relative to maximum drawdown	5.27	—	—
Martin ratio: Return relative to average drawdown	16.36	—	—

Drawdowns

HERD vs. GKAT - Drawdown Comparison

The maximum HERD drawdown since its inception was -39.41%, which is greater than GKAT's maximum drawdown of -10.41%. Use the drawdown chart below to compare losses from any high point for HERD and GKAT.

Drawdown Indicators

	HERD	GKAT	Difference
Max Drawdown Largest peak-to-trough decline	-39.41%	-10.41%	-29.00%
Max Drawdown (1Y) Largest decline over 1 year	-5.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.60%	—	—
Current Drawdown Current decline from peak	0.00%	-0.02%	+0.02%
Average Drawdown Average peak-to-trough decline	-4.50%	-2.26%	-2.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.83%	—	—

Volatility

Volatility by Period

	HERD	GKAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.43%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.76%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.76%	12.28%	-0.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.69%	12.28%	+5.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.36%	12.28%	+8.08%

HERD vs. GKAT - Expense Ratio Comparison

HERD has a 0.73% expense ratio, which is higher than GKAT's 0.59% expense ratio.

Dividends

HERD vs. GKAT - Dividend Comparison

HERD's dividend yield for the trailing twelve months is around 2.68%, more than GKAT's 0.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
GKAT Scharf Global Opportunity ETF	0.64%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HERD Pacer Cash Cows Fund of Funds ETF	2.68%	3.75%	2.43%	2.54%	2.50%	2.02%	1.95%	1.69%

Frequently Asked Questions

Can I hold both HERD and GKAT in my portfolio?

HERD and GKAT have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HERD or GKAT?

On fees, GKAT is cheaper at 0.59% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HERD or GKAT?

GKAT is cheaper with a 0.59% expense ratio, compared with 0.73% for HERD.

Which ETF pays a higher dividend yield, HERD or GKAT?

HERD has the higher dividend yield at 2.68%, compared with 0.64% for GKAT.

What is the main difference between HERD and GKAT?

They also come from different issuers: Pacer and Scharf Investments. Their fees differ too: 0.73% for HERD and 0.59% for GKAT.