JDVI vs. ICOW

Last updated Jul 15, 2026

JDVI (John Hancock Disciplined Value International Select ETF) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both Foreign Large Cap Equities funds. JDVI is actively managed, while ICOW is passively managed. Over the past year, JDVI returned 24.82% vs 26.72% for ICOW. Their correlation of 0.84 suggests significant overlap in exposure. JDVI charges 0.69%/yr vs 0.65%/yr for ICOW.

Performance

JDVI vs. ICOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Disciplined Value International Select ETF (JDVI) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JDVI achieves a 9.97% return, which is significantly lower than ICOW's 10.66% return.

JDVI

• 1D: 0.46%
• 1M: -0.87%
• 6M: 6.59%
• YTD: 9.97%
• 1Y: 24.82%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICOW

• 1D: 0.35%
• 1M: -3.14%
• 6M: 7.36%
• YTD: 10.66%
• 1Y: 26.72%
• 3Y*: 15.49%
• 5Y*: 9.50%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

JDVI vs. ICOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JDVI John Hancock Disciplined Value International Select ETF	9.97%	42.97%	0.68%	0.84%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	10.66%	36.95%	-2.59%	1.44%

Correlation

The correlation between JDVI and ICOW is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 20, 2023	0.84

The correlation between JDVI and ICOW has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.

JDVI vs. ICOW - Sectors Allocation Comparison

Sectors	JDVI	ICOW
Financial Services	14.7%	-
Technology	9.9%	7.8%
Healthcare	7.9%	6.7%
Industrials	7.9%	29.1%
Consumer Defensive	6.3%	8.1%
Basic Materials	4.1%	5.6%
Communication Services	3.7%	8.7%
Consumer Cyclical	3.6%	12.7%
Energy	1.8%	21.3%
Real Estate	-	-
Utilities	-	-

Return for Risk

JDVI vs. ICOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

JDVI

JDVI Risk / Return Rank: 51
JDVI Sharpe Ratio Rank: 52
JDVI Sortino Ratio Rank: 51
JDVI Omega Ratio Rank: 52
JDVI Calmar Ratio Rank: 49
JDVI Martin Ratio Rank: 53

ICOW

ICOW Risk / Return Rank: 69
ICOW Sharpe Ratio Rank: 72
ICOW Sortino Ratio Rank: 67
ICOW Omega Ratio Rank: 69
ICOW Calmar Ratio Rank: 74
ICOW Martin Ratio Rank: 63

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

JDVI vs. ICOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Disciplined Value International Select ETF (JDVI) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	JDVI	ICOW	Difference
Sharpe ratio: Return per unit of total volatility	1.45	1.83	-0.38
Sortino ratio: Return per unit of downside risk	2.02	2.46	-0.43
Omega ratio: Gain probability vs. loss probability	1.26	1.32	-0.06
Calmar ratio: Return relative to maximum drawdown	1.99	3.01	-1.01
Martin ratio: Return relative to average drawdown	7.29	8.91	-1.62

JDVI vs. ICOW - Sharpe Ratio Comparison

The current JDVI Sharpe Ratio is 1.45, which is comparable to the ICOW Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of JDVI and ICOW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

JDVI vs. ICOW - Drawdown Comparison

The maximum JDVI drawdown since its inception was -14.97%, smaller than the maximum ICOW drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for JDVI and ICOW.

Drawdown Indicators

	JDVI	ICOW	Difference
Max Drawdown Largest peak-to-trough decline	-14.97%	-43.49%	+28.52%
Max Drawdown (1Y) Largest decline over 1 year	-12.50%	-8.92%	-3.58%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.79%	—
Current Drawdown Current decline from peak	-2.82%	-6.30%	+3.48%
Average Drawdown Average peak-to-trough decline	-2.78%	-7.56%	+4.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.42%	3.01%	+0.41%

Volatility

JDVI vs. ICOW - Volatility Comparison

The current volatility for John Hancock Disciplined Value International Select ETF (JDVI) is 4.04%, while Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has a volatility of 4.26%. This indicates that JDVI experiences smaller price fluctuations and is considered to be less risky than ICOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JDVI	ICOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.04%	4.26%	-0.22%
Volatility (6M) Calculated over the trailing 6-month period	14.99%	12.09%	+2.90%
Volatility (1Y) Calculated over the trailing 1-year period	17.20%	14.70%	+2.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.56%	16.75%	-0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.56%	18.47%	-1.91%

JDVI vs. ICOW - Expense Ratio Comparison

JDVI has a 0.69% expense ratio, which is higher than ICOW's 0.65% expense ratio.

Dividends

JDVI vs. ICOW - Dividend Comparison

JDVI's dividend yield for the trailing twelve months is around 2.21%, less than ICOW's 2.30% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICOW Pacer Developed Markets International Cash Cows 100 ETF	2.30%	3.03%	4.39%	3.61%	5.26%	2.11%	2.46%	3.10%	2.61%	0.80%
JDVI John Hancock Disciplined Value International Select ETF	2.21%	2.43%	1.87%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JDVI and ICOW in my portfolio?

JDVI and ICOW have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JDVI or ICOW?

ICOW has higher volatility (4.26%) compared to JDVI (4.04%). In terms of maximum drawdown, JDVI dropped -14.97% vs ICOW's -43.49%.

Which ETF is better, JDVI or ICOW?

On 1-year performance, ICOW leads with 26.72% vs 24.82% for JDVI. On fees, ICOW is cheaper at 0.65% per year. On volatility, JDVI has been the lower-risk option at 4.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JDVI or ICOW?

Over the 1-year period, ICOW has performed better with a 26.72% return vs 24.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JDVI or ICOW?

ICOW is cheaper with a 0.65% expense ratio, compared with 0.69% for JDVI.

Which ETF pays a higher dividend yield, JDVI or ICOW?

ICOW has the higher dividend yield at 2.30%, compared with 2.21% for JDVI.

What is the main difference between JDVI and ICOW?

They also come from different issuers: John Hancock and Pacer. Their fees differ too: 0.69% for JDVI and 0.65% for ICOW.

Which has better risk-adjusted returns?

ICOW currently has the higher Sharpe Ratio (1.83 vs 1.45), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.