HERD vs. GKAT
HERD (Pacer Cash Cows Fund of Funds ETF) and GKAT (Scharf Global Opportunity ETF) are both Global Equities funds. A 0.76 correlation means they provide meaningful diversification when combined. HERD charges 0.73%/yr vs 0.59%/yr for GKAT.
Performance
HERD vs. GKAT - Performance Comparison
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Returns By Period
In the year-to-date period, HERD achieves a 12.05% return, which is significantly higher than GKAT's 9.70% return.
HERD
- 1D
- -0.52%
- 1M
- 3.45%
- YTD
- 12.05%
- 6M
- 12.85%
- 1Y
- 29.32%
- 3Y*
- 17.33%
- 5Y*
- 9.95%
- 10Y*
- —
GKAT
- 1D
- -0.69%
- 1M
- 4.59%
- YTD
- 9.70%
- 6M
- 12.74%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HERD vs. GKAT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
HERD Pacer Cash Cows Fund of Funds ETF | 12.05% | 6.17% |
GKAT Scharf Global Opportunity ETF | 9.70% | 6.04% |
Correlation
The correlation between HERD and GKAT is 0.76, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 26, 2025 | 0.76 |
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Return for Risk
HERD vs. GKAT — Risk / Return Rank
HERD
GKAT
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.
| HERD | GKAT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 5.19 | — | — |
| Martin ratioReturn relative to average drawdown | 17.73 | — | — |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| HERD | GKAT | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.54 | — | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.82 | -1.19 |
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.
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Drawdown Indicators
| HERD | GKAT | Difference | |
|---|---|---|---|
Max DrawdownLargest 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 DrawdownCurrent decline from peak | -0.67% | -0.97% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.55% | -2.07% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.66% | — | — |
Volatility
HERD vs. GKAT - Volatility Comparison
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Volatility by Period
| HERD | GKAT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.92% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 7.74% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 11.62% | 11.97% | -0.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.76% | 11.97% | +5.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.50% | 11.97% | +8.53% |
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 3.13%, more than GKAT's 0.44% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
GKAT Scharf Global Opportunity ETF | 0.44% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HERD Pacer Cash Cows Fund of Funds ETF | 3.13% | 3.75% | 2.43% | 2.54% | 2.50% | 2.02% | 1.95% | 1.69% |
Frequently Asked Questions
HERD and GKAT have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
GKAT is cheaper with a 0.59% expense ratio, compared with 0.73% for HERD.
HERD has the higher dividend yield at 3.13%, compared with 0.44% for GKAT.
They also come from different issuers: Pacer and Scharf Investments. Their fees differ too: 0.73% for HERD and 0.59% for GKAT.
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