ICOW vs. GSIE
Compare and contrast key facts about Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Goldman Sachs ActiveBeta International Equity ETF (GSIE).
ICOW and GSIE 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. GSIE is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta International Equity Index. It was launched on Nov 6, 2015. Both ICOW and GSIE 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 GSIE.
Key characteristics
| ICOW | GSIE | |
|---|---|---|
| YTD Return | 0.92% | 1.99% |
| 1Y Return | 9.55% | 7.43% |
| 3Y Return (Ann) | 3.18% | 1.94% |
| 5Y Return (Ann) | 6.74% | 5.83% |
| Sharpe Ratio | 0.65 | 0.62 |
| Daily Std Dev | 13.77% | 12.03% |
| Max Drawdown | -43.49% | -34.63% |
| Current Drawdown | -2.33% | -3.69% |
Correlation
The correlation between ICOW and GSIE is 0.86, 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.
Performance
ICOW vs. GSIE - Performance Comparison
In the year-to-date period, ICOW achieves a 0.92% return, which is significantly lower than GSIE's 1.99% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ICOW vs. GSIE - Expense Ratio Comparison
ICOW has a 0.65% expense ratio, which is higher than GSIE's 0.25% expense ratio.
Risk-Adjusted Performance
ICOW vs. GSIE - 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 Goldman Sachs ActiveBeta International Equity ETF (GSIE). 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. GSIE - Dividend Comparison
ICOW's dividend yield for the trailing twelve months is around 3.68%, more than GSIE's 2.63% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 3.68% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.61% | 0.80% | 0.00% | 0.00% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 2.63% | 2.87% | 3.01% | 2.40% | 1.24% | 2.80% | 2.68% | 2.31% | 2.15% | 0.13% |
Drawdowns
ICOW vs. GSIE - Drawdown Comparison
The maximum ICOW drawdown since its inception was -43.49%, which is greater than GSIE's maximum drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for ICOW and GSIE. For additional features, visit the drawdowns tool.
Volatility
ICOW vs. GSIE - Volatility Comparison
Pacer Developed Markets International Cash Cows 100 ETF (ICOW) and Goldman Sachs ActiveBeta International Equity ETF (GSIE) have volatilities of 3.71% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.