LGCF vs. GCOW

Last updated Jun 6, 2026

LGCF (Themes US Cash Flow Champions ETF) and GCOW (Pacer Global Cash Cows Dividend ETF) are both Large Cap Value Equities funds - LGCF tracks the Solactive US Cash Flow Champions Index while GCOW tracks the Pacer Global Cash Cows Dividends Index. Both are passively managed. Over the past year, LGCF returned 18.10% vs 25.95% for GCOW. A 0.60 correlation means they provide meaningful diversification when combined. LGCF charges 0.29%/yr vs 0.60%/yr for GCOW.

Performance

LGCF vs. GCOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Themes US Cash Flow Champions ETF (LGCF) 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, LGCF achieves a 4.45% return, which is significantly lower than GCOW's 11.22% return.

LGCF

• 1D: -0.82%
• 1M: 0.95%
• YTD: 4.45%
• 6M: 5.09%
• 1Y: 18.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCOW

• 1D: -0.92%
• 1M: -1.46%
• YTD: 11.22%
• 6M: 12.99%
• 1Y: 25.95%
• 3Y*: 16.97%
• 5Y*: 12.15%
• 10Y*: 9.64%

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

LGCF vs. GCOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
LGCF Themes US Cash Flow Champions ETF	4.45%	15.71%	17.65%	2.14%
GCOW Pacer Global Cash Cows Dividend ETF	11.22%	27.34%	3.52%	2.99%

Correlation

The correlation between LGCF and GCOW is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (All Time) Calculated using the full available price history since Dec 14, 2023	0.60

The correlation between LGCF and GCOW has been stable across timeframes, ranging from 0.58 to 0.60 - a consistent structural relationship.

LGCF vs. GCOW - Sectors Allocation Comparison

Sectors	LGCF	GCOW
Financial Services	36.2%	-
Energy	21.7%	24.4%
Healthcare	17.3%	14.6%
Technology	8.5%	0.9%
Consumer Cyclical	7.6%	4.6%
Consumer Defensive	2.9%	17.1%
Basic Materials	2.3%	7.3%
Communication Services	2.3%	14.6%
Industrials	1.2%	12.4%
Real Estate	-	-
Utilities	-	4.1%

Return for Risk

LGCF vs. GCOW — Risk / Return Rank

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

LGCF

LGCF Risk / Return Rank: 51
LGCF Sharpe Ratio Rank: 43
LGCF Sortino Ratio Rank: 43
LGCF Omega Ratio Rank: 44
LGCF Calmar Ratio Rank: 68
LGCF Martin Ratio Rank: 58

GCOW

GCOW Risk / Return Rank: 79
GCOW Sharpe Ratio Rank: 76
GCOW Sortino Ratio Rank: 80
GCOW Omega Ratio Rank: 72
GCOW Calmar Ratio Rank: 90
GCOW Martin Ratio Rank: 76

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.

LGCF vs. GCOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Themes US Cash Flow Champions ETF (LGCF) 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.

	LGCF	GCOW	Difference
Sharpe ratio: Return per unit of total volatility	1.41	2.40	-0.99
Sortino ratio: Return per unit of downside risk	1.98	3.46	-1.48
Omega ratio: Gain probability vs. loss probability	1.26	1.42	-0.15
Calmar ratio: Return relative to maximum drawdown	3.16	5.47	-2.30
Martin ratio: Return relative to average drawdown	9.53	14.23	-4.69
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LGCF vs. GCOW - Sharpe Ratio Comparison

The current LGCF Sharpe Ratio is 1.41, which is lower than the GCOW Sharpe Ratio of 2.40. The chart below compares the historical Sharpe Ratios of LGCF 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

	LGCF	GCOW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.41	2.40	-0.99
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.90	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.58	+0.50

Drawdowns

LGCF vs. GCOW - Drawdown Comparison

The maximum LGCF drawdown since its inception was -16.67%, smaller than the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for LGCF and GCOW.

Drawdown Indicators

	LGCF	GCOW	Difference
Max Drawdown Largest peak-to-trough decline	-16.67%	-37.64%	+20.97%
Max Drawdown (1Y) Largest decline over 1 year	-5.75%	-4.77%	-0.98%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.64%	—
Current Drawdown Current decline from peak	-0.82%	-3.57%	+2.75%
Average Drawdown Average peak-to-trough decline	-2.22%	-5.84%	+3.62%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.83%	+0.07%

Volatility

LGCF vs. GCOW - Volatility Comparison

Themes US Cash Flow Champions ETF (LGCF) and Pacer Global Cash Cows Dividend ETF (GCOW) have volatilities of 2.92% and 2.90%, 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.

Volatility by Period

	LGCF	GCOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	2.90%	+0.02%
Volatility (6M) Calculated over the trailing 6-month period	10.11%	8.03%	+2.08%
Volatility (1Y) Calculated over the trailing 1-year period	12.86%	10.84%	+2.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.16%	13.49%	+1.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.16%	16.20%	-1.04%

LGCF vs. GCOW - Expense Ratio Comparison

LGCF has a 0.29% expense ratio, which is lower than GCOW's 0.60% expense ratio.

Dividends

LGCF vs. GCOW - Dividend Comparison

LGCF's dividend yield for the trailing twelve months is around 1.76%, less than GCOW's 4.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GCOW Pacer Global Cash Cows Dividend ETF	4.73%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%
LGCF Themes US Cash Flow Champions ETF	1.76%	1.84%	1.19%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both LGCF and GCOW in my portfolio?

LGCF and GCOW have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LGCF or GCOW?

LGCF has higher volatility (2.92%) compared to GCOW (2.90%). In terms of maximum drawdown, LGCF dropped -16.67% vs GCOW's -37.64%.

Which ETF is better, LGCF or GCOW?

On 1-year performance, GCOW leads with 25.95% vs 18.10% for LGCF. On fees, LGCF is cheaper at 0.29% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, LGCF or GCOW?

Over the 1-year period, GCOW has performed better with a 25.95% return vs 18.10%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, LGCF or GCOW?

LGCF is cheaper with a 0.29% expense ratio, compared with 0.60% for GCOW.

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

GCOW has the higher dividend yield at 4.73%, compared with 1.76% for LGCF.

What is the main difference between LGCF and GCOW?

LGCF tracks Solactive US Cash Flow Champions Index, while GCOW tracks Pacer Global Cash Cows Dividends Index. They also come from different issuers: Themes and Pacer. Their fees differ too: 0.29% for LGCF and 0.60% for GCOW.

Which has better risk-adjusted returns?

GCOW currently has the higher Sharpe Ratio (2.40 vs 1.41), 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.