ICOW vs. GCOW
Compare and contrast key facts about Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Pacer Global Cash Cows Dividend ETF (GCOW).
ICOW and GCOW 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 Advisors that tracks the performance of the Pacer Developed Markets International Cash Cows 100 Index. It was launched on Jun 16, 2017. GCOW is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Global Cash Cows Dividends Index. It was launched on Feb 23, 2016. Both ICOW and GCOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ICOW or GCOW.
Performance
ICOW vs. GCOW - Performance Comparison
Returns By Period
In the year-to-date period, ICOW achieves a -0.93% return, which is significantly lower than GCOW's 4.90% return.
ICOW
-0.93%
-3.78%
-6.05%
5.53%
6.04%
N/A
GCOW
4.90%
-4.03%
-0.32%
11.87%
7.22%
N/A
Key characteristics
| ICOW | GCOW | |
|---|---|---|
| Sharpe Ratio | 0.34 | 1.04 |
| Sortino Ratio | 0.54 | 1.48 |
| Omega Ratio | 1.07 | 1.18 |
| Calmar Ratio | 0.49 | 1.87 |
| Martin Ratio | 1.49 | 5.16 |
| Ulcer Index | 2.99% | 2.13% |
| Daily Std Dev | 13.10% | 10.59% |
| Max Drawdown | -43.49% | -37.64% |
| Current Drawdown | -6.49% | -5.76% |
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ICOW vs. GCOW - Expense Ratio Comparison
ICOW has a 0.65% expense ratio, which is higher than GCOW's 0.60% expense ratio.
Correlation
The correlation between ICOW 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.
Risk-Adjusted Performance
ICOW vs. GCOW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Developed Markets International Cash Cows 100 ETF (ICOW) 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.
Dividends
ICOW vs. GCOW - Dividend Comparison
ICOW's dividend yield for the trailing twelve months is around 4.83%, which matches GCOW's 4.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 4.83% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.62% | 0.80% | 0.00% |
GCOW Pacer Global Cash Cows Dividend ETF | 4.81% | 5.28% | 4.39% | 4.23% | 4.12% | 4.40% | 3.94% | 2.79% | 1.95% |
Drawdowns
ICOW vs. GCOW - Drawdown Comparison
The maximum ICOW drawdown since its inception was -43.49%, which is greater than GCOW's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for ICOW and GCOW. For additional features, visit the drawdowns tool.
Volatility
ICOW vs. GCOW - Volatility Comparison
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has a higher volatility of 4.12% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 2.73%. This indicates that ICOW'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.