ICOW vs. EFAS
Compare and contrast key facts about Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Global X MSCI SuperDividend® EAFE ETF (EFAS).
ICOW and EFAS are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ICOW is a passively managed fund by Pacer that tracks the performance of the Pacer Developed Markets International Cash Cows 100 Index. It was launched on Jun 16, 2017. EFAS is a passively managed fund by Global X that tracks the performance of the MSCI EAFE Top 50 Dividend Index. It was launched on Nov 14, 2016. Both ICOW and EFAS are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
ICOW vs. EFAS - Performance Comparison
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ICOW vs. EFAS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 9.82% | 36.95% | -2.59% | 18.94% | -7.98% | 11.52% | 7.20% | 17.91% | -16.09% | 16.98% |
EFAS Global X MSCI SuperDividend® EAFE ETF | 10.06% | 46.83% | 3.07% | 14.65% | -8.00% | 12.75% | -5.42% | 14.60% | -11.60% | 8.52% |
Returns By Period
The year-to-date returns for both investments are quite close, with ICOW having a 9.82% return and EFAS slightly higher at 10.06%.
ICOW
- 1D
- 2.29%
- 1M
- -5.12%
- YTD
- 9.82%
- 6M
- 18.13%
- 1Y
- 38.68%
- 3Y*
- 17.01%
- 5Y*
- 10.19%
- 10Y*
- —
EFAS
- 1D
- 2.54%
- 1M
- -1.59%
- YTD
- 10.06%
- 6M
- 15.25%
- 1Y
- 39.97%
- 3Y*
- 22.57%
- 5Y*
- 12.83%
- 10Y*
- —
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ICOW vs. EFAS - Expense Ratio Comparison
ICOW has a 0.65% expense ratio, which is higher than EFAS's 0.56% expense ratio.
Return for Risk
ICOW vs. EFAS — Risk / Return Rank
ICOW
EFAS
ICOW vs. EFAS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Global X MSCI SuperDividend® EAFE ETF (EFAS). 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.
| ICOW | EFAS | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.27 | 2.83 | -0.56 |
Sortino ratioReturn per unit of downside risk | 2.92 | 3.51 | -0.59 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.56 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.73 | -0.65 |
Martin ratioReturn relative to average drawdown | 14.46 | 17.19 | -2.73 |
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
| ICOW | EFAS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.27 | 2.83 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.62 | 0.82 | -0.20 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.55 | -0.04 |
Correlation
The correlation between ICOW and EFAS is 0.75, 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
ICOW vs. EFAS - Dividend Comparison
ICOW's dividend yield for the trailing twelve months is around 2.26%, less than EFAS's 4.54% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 2.26% | 3.03% | 4.39% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.61% | 0.80% | 0.00% |
EFAS Global X MSCI SuperDividend® EAFE ETF | 4.54% | 4.83% | 6.76% | 6.33% | 7.28% | 5.19% | 4.34% | 5.75% | 6.63% | 6.15% | 0.21% |
Drawdowns
ICOW vs. EFAS - Drawdown Comparison
The maximum ICOW drawdown since its inception was -43.49%, roughly equal to the maximum EFAS drawdown of -44.38%. Use the drawdown chart below to compare losses from any high point for ICOW and EFAS.
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Drawdown Indicators
| ICOW | EFAS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.49% | -44.38% | +0.89% |
Max Drawdown (1Y)Largest decline over 1 year | -12.08% | -10.52% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -28.48% | -28.81% | +0.33% |
Current DrawdownCurrent decline from peak | -5.12% | -1.59% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -7.20% | -0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.57% | 2.28% | +0.29% |
Volatility
ICOW vs. EFAS - Volatility Comparison
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has a higher volatility of 6.21% compared to Global X MSCI SuperDividend® EAFE ETF (EFAS) at 5.52%. This indicates that ICOW's price experiences larger fluctuations and is considered to be riskier than EFAS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICOW | EFAS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.21% | 5.52% | +0.69% |
Volatility (6M)Calculated over the trailing 6-month period | 10.42% | 8.29% | +2.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.15% | 14.22% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 15.68% | +0.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 18.45% | +0.08% |