MOTG vs. GCOW

Last updated Jun 23, 2026

MOTG (VanEck Morningstar Global Wide Moat ETF) and GCOW (Pacer Global Cash Cows Dividend ETF) are both exchange-traded funds - MOTG is a Global Equities fund tracking the Morningstar Global Wide Moat Focus Index, while GCOW is a Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index. Both are passively managed. Over the past 5 years, MOTG returned 6.29%/yr vs 11.84%/yr for GCOW. A 0.74 correlation means they provide meaningful diversification when combined. MOTG charges 0.52%/yr vs 0.60%/yr for GCOW.

Performance

MOTG vs. GCOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VanEck Morningstar Global Wide Moat ETF (MOTG) 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, MOTG achieves a -2.17% return, which is significantly lower than GCOW's 7.34% return.

MOTG

• 1D: -0.76%
• 1M: -2.39%
• YTD: -2.17%
• 6M: -2.15%
• 1Y: 8.49%
• 3Y*: 12.22%
• 5Y*: 6.29%
• 10Y*: —

GCOW

• 1D: -0.48%
• 1M: -6.00%
• YTD: 7.34%
• 6M: 7.96%
• 1Y: 20.98%
• 3Y*: 15.59%
• 5Y*: 11.84%
• 10Y*: 9.95%

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

MOTG vs. GCOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
MOTG VanEck Morningstar Global Wide Moat ETF	-2.17%	26.06%	9.31%	11.00%	-11.34%	14.68%	16.06%	30.43%	-3.89%
GCOW Pacer Global Cash Cows Dividend ETF	7.34%	27.34%	3.52%	13.95%	5.49%	14.58%	-4.33%	17.81%	-3.88%

Correlation

The correlation between MOTG and GCOW is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.72
Correlation (All Time) Calculated using the full available price history since Oct 31, 2018	0.74

Over the past year, the correlation between MOTG and GCOW has dropped to 0.49 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.

MOTG vs. GCOW - Sectors Allocation Comparison

Sectors	MOTG	GCOW
Industrials	26.3%	12.6%
Technology	19.3%	1.3%
Consumer Defensive	16.8%	17.0%
Healthcare	14.1%	14.8%
Consumer Cyclical	9.5%	4.8%
Communication Services	6.6%	14.5%
Financial Services	6.3%	-
Basic Materials	1.1%	8.1%
Energy	-	22.9%
Real Estate	-	-
Utilities	-	4.0%

Return for Risk

MOTG vs. GCOW — Risk / Return Rank

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

MOTG

MOTG Risk / Return Rank: 18
MOTG Sharpe Ratio Rank: 18
MOTG Sortino Ratio Rank: 17
MOTG Omega Ratio Rank: 17
MOTG Calmar Ratio Rank: 17
MOTG Martin Ratio Rank: 19

GCOW

GCOW Risk / Return Rank: 59
GCOW Sharpe Ratio Rank: 58
GCOW Sortino Ratio Rank: 60
GCOW Omega Ratio Rank: 54
GCOW Calmar Ratio Rank: 63
GCOW Martin Ratio Rank: 61

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.

MOTG vs. GCOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VanEck Morningstar Global Wide Moat ETF (MOTG) 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.

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.

	MOTG	GCOW	Difference
Sharpe ratio: Return per unit of total volatility	0.60	1.90	-1.30
Sortino ratio: Return per unit of downside risk	0.95	2.72	-1.77
Omega ratio: Gain probability vs. loss probability	1.11	1.33	-0.22
Calmar ratio: Return relative to maximum drawdown	0.68	3.04	-2.36
Martin ratio: Return relative to average drawdown	2.13	10.58	-8.45

MOTG vs. GCOW - Sharpe Ratio Comparison

The current MOTG Sharpe Ratio is 0.60, which is lower than the GCOW Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of MOTG 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.

Drawdowns

MOTG vs. GCOW - Drawdown Comparison

The maximum MOTG drawdown since its inception was -31.82%, smaller than the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for MOTG and GCOW.

Drawdown Indicators

	MOTG	GCOW	Difference
Max Drawdown Largest peak-to-trough decline	-31.82%	-37.64%	+5.82%
Max Drawdown (1Y) Largest decline over 1 year	-12.56%	-6.93%	-5.63%
Max Drawdown (3Y) Largest decline over 3 years	-15.31%	-12.35%	-2.96%
Max Drawdown (5Y) Largest decline over 5 years	-24.29%	-21.48%	-2.81%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.64%	—
Current Drawdown Current decline from peak	-7.54%	-6.93%	-0.61%
Average Drawdown Average peak-to-trough decline	-4.96%	-5.83%	+0.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.99%	1.99%	+2.00%

Volatility

MOTG vs. GCOW - Volatility Comparison

VanEck Morningstar Global Wide Moat ETF (MOTG) has a higher volatility of 3.84% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 2.95%. This indicates that MOTG'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

	MOTG	GCOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.84%	2.95%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	11.60%	8.29%	+3.31%
Volatility (1Y) Calculated over the trailing 1-year period	14.17%	11.11%	+3.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.90%	13.50%	+2.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.84%	16.17%	+1.67%

MOTG vs. GCOW - Expense Ratio Comparison

MOTG has a 0.52% expense ratio, which is lower than GCOW's 0.60% expense ratio.

Dividends

MOTG vs. GCOW - Dividend Comparison

MOTG's dividend yield for the trailing twelve months is around 18.15%, more than GCOW's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GCOW Pacer Global Cash Cows Dividend ETF	4.90%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%
MOTG VanEck Morningstar Global Wide Moat ETF	18.15%	17.75%	5.60%	1.86%	3.64%	5.88%	2.96%	3.91%	0.45%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MOTG and GCOW in my portfolio?

MOTG and GCOW have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOTG or GCOW?

MOTG has higher volatility (3.84%) compared to GCOW (2.95%). In terms of maximum drawdown, MOTG dropped -31.82% vs GCOW's -37.64%.

Which ETF is better, MOTG or GCOW?

On 5-year performance, GCOW leads with 11.84% vs 6.29% for MOTG. On fees, MOTG is cheaper at 0.52% per year. On volatility, GCOW has been the lower-risk option at 2.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOTG or GCOW?

Over the 5-year period, GCOW has performed better with a 11.84% return vs 6.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOTG or GCOW?

MOTG is cheaper with a 0.52% expense ratio, compared with 0.60% for GCOW.

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

MOTG has the higher dividend yield at 18.15%, compared with 4.90% for GCOW.

What is the main difference between MOTG and GCOW?

MOTG is categorized as Global Equities, while GCOW is Large Cap Value Equities. MOTG tracks Morningstar Global Wide Moat Focus Index, while GCOW tracks Pacer Global Cash Cows Dividends Index. They also come from different issuers: VanEck and Pacer. Their fees differ too: 0.52% for MOTG and 0.60% for GCOW.

Which has better risk-adjusted returns?

GCOW currently has the higher Sharpe Ratio (1.90 vs 0.60), 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.