JIVE vs. ICOW

Last updated Jun 4, 2026

JIVE (Jpmorgan International Value ETF) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both Foreign Large Cap Equities funds. JIVE is actively managed, while ICOW is passively managed. Over the past year, JIVE returned 42.79% vs 39.15% for ICOW. Their correlation of 0.88 suggests significant overlap in exposure. JIVE charges 0.55%/yr vs 0.65%/yr for ICOW.

Performance

JIVE vs. ICOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jpmorgan International Value ETF (JIVE) 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, JIVE achieves a 15.75% return, which is significantly lower than ICOW's 17.35% return.

JIVE

• 1D: -1.02%
• 1M: 4.12%
• YTD: 15.75%
• 6M: 20.07%
• 1Y: 42.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ICOW

• 1D: -0.64%
• 1M: 3.47%
• YTD: 17.35%
• 6M: 18.06%
• 1Y: 39.15%
• 3Y*: 20.17%
• 5Y*: 10.06%
• 10Y*: —

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

JIVE vs. ICOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
JIVE Jpmorgan International Value ETF	15.75%	49.80%	11.22%	5.38%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	17.35%	36.95%	-2.59%	2.81%

Correlation

The correlation between JIVE and ICOW is 0.84, 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	0.85
Correlation (All Time) Calculated using the full available price history since Sep 15, 2023	0.88

The correlation between JIVE and ICOW has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

JIVE vs. ICOW - Sectors Allocation Comparison

Sectors	JIVE	ICOW
Financial Services	33.4%	-
Energy	8.9%	23.7%
Industrials	7.4%	28.7%
Technology	6.9%	6.2%
Basic Materials	5.4%	5.4%
Consumer Cyclical	4.3%	11.6%
Healthcare	4.3%	7.1%
Consumer Defensive	3.7%	8.5%
Communication Services	2.8%	8.9%
Real Estate	2.3%	-
Utilities	1.8%	-

Return for Risk

JIVE vs. ICOW — Risk / Return Rank

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

JIVE

JIVE Risk / Return Rank: 83
JIVE Sharpe Ratio Rank: 88
JIVE Sortino Ratio Rank: 85
JIVE Omega Ratio Rank: 85
JIVE Calmar Ratio Rank: 78
JIVE Martin Ratio Rank: 79

ICOW

ICOW Risk / Return Rank: 84
ICOW Sharpe Ratio Rank: 86
ICOW Sortino Ratio Rank: 82
ICOW Omega Ratio Rank: 82
ICOW Calmar Ratio Rank: 86
ICOW Martin Ratio Rank: 84

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.

JIVE vs. ICOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jpmorgan International Value ETF (JIVE) 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.

	JIVE	ICOW	Difference
Sharpe ratio: Return per unit of total volatility	2.98	2.87	+0.11
Sortino ratio: Return per unit of downside risk	3.91	3.72	+0.19
Omega ratio: Gain probability vs. loss probability	1.53	1.50	+0.02
Calmar ratio: Return relative to maximum drawdown	4.07	4.91	-0.84
Martin ratio: Return relative to average drawdown	15.74	17.54	-1.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JIVE vs. ICOW - Sharpe Ratio Comparison

The current JIVE Sharpe Ratio is 2.98, which is comparable to the ICOW Sharpe Ratio of 2.87. The chart below compares the historical Sharpe Ratios of JIVE 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.

Sharpe Ratios by Period

	JIVE	ICOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.98	2.87	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.01	0.55	+1.46

Drawdowns

JIVE vs. ICOW - Drawdown Comparison

The maximum JIVE drawdown since its inception was -13.79%, smaller than the maximum ICOW drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for JIVE and ICOW.

Drawdown Indicators

	JIVE	ICOW	Difference
Max Drawdown Largest peak-to-trough decline	-13.79%	-43.49%	+29.70%
Max Drawdown (1Y) Largest decline over 1 year	-10.57%	-8.02%	-2.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.81%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-28.48%	—
Current Drawdown Current decline from peak	-1.02%	-0.64%	-0.38%
Average Drawdown Average peak-to-trough decline	-1.96%	-7.59%	+5.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.73%	2.24%	+0.49%

Volatility

JIVE vs. ICOW - Volatility Comparison

Jpmorgan International Value ETF (JIVE) has a higher volatility of 4.93% compared to Pacer Developed Markets International Cash Cows 100 ETF (ICOW) at 4.41%. This indicates that JIVE's price experiences larger fluctuations and is considered to be riskier than ICOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JIVE	ICOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.93%	4.41%	+0.52%
Volatility (6M) Calculated over the trailing 6-month period	11.99%	10.59%	+1.40%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	13.73%	+0.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.97%	16.64%	-1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.97%	18.47%	-3.50%

JIVE vs. ICOW - Expense Ratio Comparison

JIVE has a 0.55% expense ratio, which is lower than ICOW's 0.65% expense ratio.

Dividends

JIVE vs. ICOW - Dividend Comparison

JIVE's dividend yield for the trailing twelve months is around 2.48%, more than ICOW's 2.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
ICOW Pacer Developed Markets International Cash Cows 100 ETF	2.12%	3.03%	4.39%	3.61%	5.26%	2.11%	2.46%	3.10%	2.61%	0.80%
JIVE Jpmorgan International Value ETF	2.48%	2.88%	2.48%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both JIVE and ICOW in my portfolio?

JIVE and ICOW have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JIVE or ICOW?

JIVE has higher volatility (4.93%) compared to ICOW (4.41%). In terms of maximum drawdown, JIVE dropped -13.79% vs ICOW's -43.49%.

Which ETF is better, JIVE or ICOW?

On 1-year performance, JIVE leads with 42.79% vs 39.15% for ICOW. On fees, JIVE is cheaper at 0.55% per year. On volatility, ICOW has been the lower-risk option at 4.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JIVE or ICOW?

Over the 1-year period, JIVE has performed better with a 42.79% return vs 39.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JIVE or ICOW?

JIVE is cheaper with a 0.55% expense ratio, compared with 0.65% for ICOW.

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

JIVE has the higher dividend yield at 2.48%, compared with 2.12% for ICOW.

What is the main difference between JIVE and ICOW?

They also come from different issuers: JPMorgan and Pacer. Their fees differ too: 0.55% for JIVE and 0.65% for ICOW.

Which has better risk-adjusted returns?

JIVE currently has the higher Sharpe Ratio (2.98 vs 2.87), 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.