HFQAX vs. GCOW
Compare and contrast key facts about Janus Henderson Global Equity Income Fund (HFQAX) and Pacer Global Cash Cows Dividend ETF (GCOW).
HFQAX is managed by Janus Henderson. It was launched on Nov 29, 2006. GCOW is a passively managed fund by Pacer that tracks the performance of the Pacer Global Cash Cows Dividends Index. It was launched on Feb 23, 2016.
Performance
HFQAX vs. GCOW - Performance Comparison
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HFQAX vs. GCOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
HFQAX Janus Henderson Global Equity Income Fund | 3.70% | 29.61% | 6.86% | 10.17% | -6.59% | 12.45% | 1.66% | 20.87% | -15.86% | 19.14% |
GCOW Pacer Global Cash Cows Dividend ETF | 13.21% | 27.34% | 3.52% | 13.95% | 5.49% | 14.58% | -4.33% | 17.81% | -7.99% | 20.71% |
Returns By Period
In the year-to-date period, HFQAX achieves a 3.70% return, which is significantly lower than GCOW's 13.21% return. Over the past 10 years, HFQAX has underperformed GCOW with an annualized return of 7.86%, while GCOW has yielded a comparatively higher 10.20% annualized return.
HFQAX
- 1D
- 0.27%
- 1M
- -9.03%
- YTD
- 3.70%
- 6M
- 9.77%
- 1Y
- 24.42%
- 3Y*
- 15.04%
- 5Y*
- 9.71%
- 10Y*
- 7.86%
GCOW
- 1D
- 0.85%
- 1M
- -1.84%
- YTD
- 13.21%
- 6M
- 20.65%
- 1Y
- 31.30%
- 3Y*
- 16.89%
- 5Y*
- 13.65%
- 10Y*
- 10.20%
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HFQAX vs. GCOW - Expense Ratio Comparison
HFQAX has a 1.24% expense ratio, which is higher than GCOW's 0.60% expense ratio.
Return for Risk
HFQAX vs. GCOW — Risk / Return Rank
HFQAX
GCOW
HFQAX vs. GCOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Janus Henderson Global Equity Income Fund (HFQAX) 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.
| HFQAX | GCOW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.88 | 2.27 | -0.38 |
Sortino ratioReturn per unit of downside risk | 2.36 | 3.01 | -0.65 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
Calmar ratioReturn relative to maximum drawdown | 2.25 | 2.77 | -0.53 |
Martin ratioReturn relative to average drawdown | 8.84 | 14.12 | -5.28 |
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
| HFQAX | GCOW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.88 | 2.27 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.76 | 1.02 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.63 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.60 | -0.30 |
Correlation
The correlation between HFQAX and GCOW is 0.84, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
HFQAX vs. GCOW - Dividend Comparison
HFQAX's dividend yield for the trailing twelve months is around 5.10%, more than GCOW's 4.39% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HFQAX Janus Henderson Global Equity Income Fund | 5.10% | 6.59% | 7.96% | 7.89% | 8.02% | 6.92% | 7.25% | 6.80% | 7.66% | 6.03% | 6.77% | 6.60% |
GCOW Pacer Global Cash Cows Dividend ETF | 4.39% | 4.06% | 5.14% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% | 0.00% |
Drawdowns
HFQAX vs. GCOW - Drawdown Comparison
The maximum HFQAX drawdown since its inception was -52.77%, which is greater than GCOW's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for HFQAX and GCOW.
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Drawdown Indicators
| HFQAX | GCOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.77% | -37.64% | -15.13% |
Max Drawdown (1Y)Largest decline over 1 year | -10.11% | -11.05% | +0.94% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -21.48% | -0.35% |
Max Drawdown (10Y)Largest decline over 10 years | -34.79% | -37.64% | +2.85% |
Current DrawdownCurrent decline from peak | -9.03% | -1.84% | -7.19% |
Average DrawdownAverage peak-to-trough decline | -10.93% | -5.90% | -5.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.62% | 2.17% | +0.45% |
Volatility
HFQAX vs. GCOW - Volatility Comparison
Janus Henderson Global Equity Income Fund (HFQAX) has a higher volatility of 5.26% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 4.03%. This indicates that HFQAX'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
| HFQAX | GCOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 4.03% | +1.23% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 7.90% | +0.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.81% | 13.89% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.88% | 13.48% | -0.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.68% | 16.25% | -1.57% |