JVAL vs. GCOW

Last updated Jun 4, 2026

JVAL (JPMorgan U.S. Value Factor ETF) and GCOW (Pacer Global Cash Cows Dividend ETF) are both Large Cap Value Equities funds - JVAL tracks the JP Morgan US Value Factor Index while GCOW tracks the Pacer Global Cash Cows Dividends Index. Both are passively managed. Over the past 5 years, JVAL returned 12.29%/yr vs 12.34%/yr for GCOW. A 0.69 correlation means they provide meaningful diversification when combined. JVAL charges 0.12%/yr vs 0.60%/yr for GCOW.

Performance

JVAL vs. GCOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Value Factor ETF (JVAL) and Pacer Global Cash Cows Dividend ETF (GCOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JVAL achieves a 19.44% return, which is significantly higher than GCOW's 12.18% return.

JVAL

• 1D: -0.29%
• 1M: 8.75%
• YTD: 19.44%
• 6M: 19.72%
• 1Y: 39.93%
• 3Y*: 22.05%
• 5Y*: 12.29%
• 10Y*: —

GCOW

• 1D: -0.56%
• 1M: 0.09%
• YTD: 12.18%
• 6M: 13.23%
• 1Y: 27.12%
• 3Y*: 17.41%
• 5Y*: 12.34%
• 10Y*: 9.91%

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

JVAL vs. GCOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JVAL JPMorgan U.S. Value Factor ETF	19.44%	16.16%	14.53%	19.48%	-11.58%	31.31%	6.43%	28.37%	-8.94%	5.24%
GCOW Pacer Global Cash Cows Dividend ETF	12.18%	27.34%	3.52%	13.95%	5.49%	14.58%	-4.33%	17.81%	-7.99%	3.81%

Correlation

The correlation between JVAL and GCOW is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.56
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Nov 10, 2017	0.69

Over the past year, the correlation between JVAL and GCOW has dropped to 0.44 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

JVAL vs. GCOW - Sectors Allocation Comparison

Sectors	JVAL	GCOW
Technology	39.2%	0.9%
Consumer Cyclical	10.5%	4.6%
Financial Services	9.3%	-
Healthcare	8.2%	14.6%
Industrials	7.4%	12.4%
Communication Services	6.9%	14.6%
Energy	3.5%	24.4%
Consumer Defensive	3.1%	17.1%
Real Estate	2.6%	-
Basic Materials	2.1%	7.3%
Utilities	2.1%	4.1%

Return for Risk

JVAL vs. GCOW — Risk / Return Rank

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

JVAL

JVAL Risk / Return Rank: 86
JVAL Sharpe Ratio Rank: 87
JVAL Sortino Ratio Rank: 87
JVAL Omega Ratio Rank: 83
JVAL Calmar Ratio Rank: 85
JVAL Martin Ratio Rank: 87

GCOW

GCOW Risk / Return Rank: 79
GCOW Sharpe Ratio Rank: 76
GCOW Sortino Ratio Rank: 79
GCOW Omega Ratio Rank: 72
GCOW Calmar Ratio Rank: 90
GCOW Martin Ratio Rank: 77

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.

JVAL vs. GCOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Value Factor ETF (JVAL) 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.

	JVAL	GCOW	Difference
Sharpe ratio: Return per unit of total volatility	2.92	2.52	+0.40
Sortino ratio: Return per unit of downside risk	3.99	3.63	+0.37
Omega ratio: Gain probability vs. loss probability	1.51	1.44	+0.07
Calmar ratio: Return relative to maximum drawdown	4.73	5.71	-0.98
Martin ratio: Return relative to average drawdown	18.70	15.05	+3.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JVAL vs. GCOW - Sharpe Ratio Comparison

The current JVAL Sharpe Ratio is 2.92, which is comparable to the GCOW Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of JVAL and GCOW, 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

	JVAL	GCOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.92	2.52	+0.40
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.92	-0.20
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.67	0.59	+0.08

Drawdowns

JVAL vs. GCOW - Drawdown Comparison

The maximum JVAL drawdown since its inception was -40.42%, which is greater than GCOW's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for JVAL and GCOW.

Drawdown Indicators

	JVAL	GCOW	Difference
Max Drawdown Largest peak-to-trough decline	-40.42%	-37.64%	-2.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.48%	-4.77%	-3.71%
Max Drawdown (3Y) Largest decline over 3 years	-20.07%	-12.35%	-7.72%
Max Drawdown (5Y) Largest decline over 5 years	-22.39%	-21.48%	-0.91%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.64%	—
Current Drawdown Current decline from peak	-0.29%	-2.73%	+2.44%
Average Drawdown Average peak-to-trough decline	-5.30%	-5.84%	+0.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	1.81%	+0.33%

Volatility

JVAL vs. GCOW - Volatility Comparison

JPMorgan U.S. Value Factor ETF (JVAL) has a higher volatility of 4.02% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 2.85%. This indicates that JVAL'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.

Volatility by Period

	JVAL	GCOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.02%	2.85%	+1.17%
Volatility (6M) Calculated over the trailing 6-month period	10.08%	7.99%	+2.09%
Volatility (1Y) Calculated over the trailing 1-year period	13.79%	10.81%	+2.98%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.13%	13.49%	+3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.82%	16.20%	+3.62%

JVAL vs. GCOW - Expense Ratio Comparison

JVAL has a 0.12% expense ratio, which is lower than GCOW's 0.60% expense ratio.

Dividends

JVAL vs. GCOW - Dividend Comparison

JVAL's dividend yield for the trailing twelve months is around 1.72%, less than GCOW's 4.43% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GCOW Pacer Global Cash Cows Dividend ETF	4.43%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%
JVAL JPMorgan U.S. Value Factor ETF	1.72%	2.08%	2.21%	2.43%	2.46%	1.88%	2.55%	2.58%	2.61%	0.45%	0.00%

Frequently Asked Questions

Can I hold both JVAL and GCOW in my portfolio?

JVAL and GCOW have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JVAL or GCOW?

JVAL has higher volatility (4.02%) compared to GCOW (2.85%). In terms of maximum drawdown, JVAL dropped -40.42% vs GCOW's -37.64%.

Which ETF is better, JVAL or GCOW?

On 5-year performance, GCOW leads with 12.34% vs 12.29% for JVAL. On fees, JVAL is cheaper at 0.12% per year. On volatility, GCOW has been the lower-risk option at 2.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JVAL or GCOW?

Over the 5-year period, GCOW has performed better with a 12.34% return vs 12.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JVAL or GCOW?

JVAL is cheaper with a 0.12% expense ratio, compared with 0.60% for GCOW.

Which ETF pays a higher dividend yield, JVAL or GCOW?

GCOW has the higher dividend yield at 4.43%, compared with 1.72% for JVAL.

What is the main difference between JVAL and GCOW?

JVAL tracks JP Morgan US Value Factor Index, while GCOW tracks Pacer Global Cash Cows Dividends Index. They also come from different issuers: JPMorgan and Pacer. Their fees differ too: 0.12% for JVAL and 0.60% for GCOW.

Which has better risk-adjusted returns?

JVAL currently has the higher Sharpe Ratio (2.92 vs 2.52), 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.