KVHI vs. ICOW

Last updated Apr 2, 2026

Compare and contrast key facts about KVH Industries, Inc. (KVHI) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW).

ICOW is a passively managed fund by Pacer that tracks the performance of the Pacer Developed Markets International Cash Cows 100 Index. It was launched on Jun 16, 2017.

Performance

KVHI vs. ICOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in KVH Industries, Inc. (KVHI) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). The values are adjusted to include any dividend payments, if applicable.

KVHI vs. ICOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
KVHI KVH Industries, Inc.	29.27%	22.28%	8.37%	-48.53%	11.21%	-19.03%	1.98%	8.16%	-0.58%	10.11%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	10.88%	36.95%	-2.59%	18.94%	-7.98%	11.52%	7.20%	17.91%	-16.09%	16.98%

Returns By Period

In the year-to-date period, KVHI achieves a 29.27% return, which is significantly higher than ICOW's 10.88% return.

KVHI

• 1D: 0.56%
• 1M: 46.03%
• YTD: 29.27%
• 6M: 62.05%
• 1Y: 74.27%
• 3Y*: -7.49%
• 5Y*: -6.80%
• 10Y*: -0.96%

ICOW

• 1D: 0.97%
• 1M: -3.10%
• YTD: 10.88%
• 6M: 18.26%
• 1Y: 39.13%
• 3Y*: 17.39%
• 5Y*: 10.40%
• 10Y*: —

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

Return for Risk

KVHI vs. ICOW — Risk / Return Rank

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

KVHI

KVHI Risk / Return Rank: 85
KVHI Sharpe Ratio Rank: 85
KVHI Sortino Ratio Rank: 87
KVHI Omega Ratio Rank: 82
KVHI Calmar Ratio Rank: 85
KVHI Martin Ratio Rank: 86

ICOW

ICOW Risk / Return Rank: 93
ICOW Sharpe Ratio Rank: 93
ICOW Sortino Ratio Rank: 94
ICOW Omega Ratio Rank: 94
ICOW Calmar Ratio Rank: 91
ICOW Martin Ratio Rank: 95

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.

KVHI vs. ICOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for KVH Industries, Inc. (KVHI) 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.

	KVHI	ICOW	Difference
Sharpe ratio Return per unit of total volatility	1.62	2.30	-0.67
Sortino ratio Return per unit of downside risk	2.59	2.95	-0.36
Omega ratio Gain probability vs. loss probability	1.31	1.46	-0.15
Calmar ratio Return relative to maximum drawdown	3.18	3.31	-0.13
Martin ratio Return relative to average drawdown	8.95	15.48	-6.52
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KVHI vs. ICOW - Sharpe Ratio Comparison

The current KVHI Sharpe Ratio is 1.62, which is comparable to the ICOW Sharpe Ratio of 2.30. The chart below compares the historical Sharpe Ratios of KVHI and ICOW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KVHI	ICOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.62	2.30	-0.67
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.17	0.63	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.02	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.01	0.52	-0.51

Correlation

The correlation between KVHI and ICOW is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

KVHI vs. ICOW - Dividend Comparison

KVHI has not paid dividends to shareholders, while ICOW's dividend yield for the trailing twelve months is around 2.24%.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
KVHI KVH Industries, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ICOW Pacer Developed Markets International Cash Cows 100 ETF	2.24%	3.03%	4.39%	3.61%	5.26%	2.11%	2.46%	3.10%	2.61%	0.80%

Drawdowns

KVHI vs. ICOW - Drawdown Comparison

The maximum KVHI drawdown since its inception was -91.15%, which is greater than ICOW's maximum drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for KVHI and ICOW.

Drawdown Indicators

	KVHI	ICOW	Difference
Max Drawdown Largest peak-to-trough decline	-91.15%	-43.49%	-47.66%
Max Drawdown (1Y) Largest decline over 1 year	-22.13%	-12.00%	-10.13%
Max Drawdown (5Y) Largest decline over 5 years	-70.30%	-28.48%	-41.82%
Max Drawdown (10Y) Largest decline over 10 years	-71.49%	—	—
Current Drawdown Current decline from peak	-72.70%	-4.20%	-68.50%
Average Drawdown Average peak-to-trough decline	-62.08%	-7.71%	-54.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.85%	2.59%	+5.26%

Volatility

KVHI vs. ICOW - Volatility Comparison

KVH Industries, Inc. (KVHI) has a higher volatility of 23.91% compared to Pacer Developed Markets International Cash Cows 100 ETF (ICOW) at 5.30%. This indicates that KVHI'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

	KVHI	ICOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	23.91%	5.30%	+18.61%
Volatility (6M) Calculated over the trailing 6-month period	38.40%	10.44%	+27.96%
Volatility (1Y) Calculated over the trailing 1-year period	46.06%	17.12%	+28.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	41.04%	16.58%	+24.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	42.89%	18.53%	+24.36%