PWS vs. GYLD
PWS (Pacer WealthShield ETF) and GYLD (Arrow Dow Jones Global Yield ETF) are both Diversified Portfolio funds - PWS tracks the Pacer WealthShield Index while GYLD tracks the DJ Brookfield Global Infrastructure Composite Yield. Both are passively managed. Over the past 5 years, PWS returned 1.35%/yr vs 6.08%/yr for GYLD. At a 0.21 correlation, their price movements are largely independent. PWS charges 0.60%/yr vs 0.75%/yr for GYLD.
Performance
PWS vs. GYLD - Performance Comparison
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Returns By Period
In the year-to-date period, PWS achieves a 0.05% return, which is significantly lower than GYLD's 7.29% return.
PWS
- 1D
- 0.69%
- 1M
- 1.15%
- YTD
- 0.05%
- 6M
- -0.47%
- 1Y
- 9.80%
- 3Y*
- 7.89%
- 5Y*
- 1.35%
- 10Y*
- —
GYLD
- 1D
- -0.70%
- 1M
- -1.41%
- YTD
- 7.29%
- 6M
- 7.99%
- 1Y
- 16.25%
- 3Y*
- 15.08%
- 5Y*
- 6.08%
- 10Y*
- 4.72%
PWS vs. GYLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWS Pacer WealthShield ETF | 0.05% | 8.05% | 14.01% | -3.58% | -12.10% | 14.43% | 22.16% | 1.36% | -3.29% | 0.64% |
GYLD Arrow Dow Jones Global Yield ETF | 7.29% | 19.85% | 3.83% | 10.36% | -7.73% | 18.03% | -11.17% | 13.29% | -9.97% | 0.75% |
Correlation
The correlation between PWS and GYLD is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Dec 12, 2017 | 0.21 |
The correlation between PWS and GYLD shifts across timeframes, from 0.16 (1 year) to 0.27 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PWS vs. GYLD — Risk / Return Rank
PWS
GYLD
PWS vs. GYLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer WealthShield ETF (PWS) and Arrow Dow Jones Global Yield ETF (GYLD). 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.
| PWS | GYLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.47 | ||
| Sortino ratioReturn per unit of downside risk | -0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.25 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 3.36 | -1.92 |
| Martin ratioReturn relative to average drawdown | 3.30 | 9.53 | -6.23 |
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Drawdowns
PWS vs. GYLD - Drawdown Comparison
The maximum PWS drawdown since its inception was -24.93%, smaller than the maximum GYLD drawdown of -55.03%. Use the drawdown chart below to compare losses from any high point for PWS and GYLD.
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Drawdown Indicators
| PWS | GYLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.93% | -55.03% | +30.10% |
Max Drawdown (1Y)Largest decline over 1 year | -6.88% | -4.86% | -2.02% |
Max Drawdown (3Y)Largest decline over 3 years | -10.47% | -8.37% | -2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -19.37% | -5.56% |
Max Drawdown (10Y)Largest decline over 10 years | — | -47.89% | — |
Current DrawdownCurrent decline from peak | -3.77% | -2.28% | -1.49% |
Average DrawdownAverage peak-to-trough decline | -9.08% | -14.36% | +5.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.98% | 1.71% | +1.27% |
Volatility
PWS vs. GYLD - Volatility Comparison
Pacer WealthShield ETF (PWS) and Arrow Dow Jones Global Yield ETF (GYLD) have volatilities of 3.14% and 3.27%, 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.
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Volatility by Period
| PWS | GYLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.14% | 3.27% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 7.51% | 9.40% | -1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.56% | 12.33% | -0.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.88% | 13.80% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.37% | 16.51% | -2.14% |
PWS vs. GYLD - Expense Ratio Comparison
PWS has a 0.60% expense ratio, which is lower than GYLD's 0.75% expense ratio.
Dividends
PWS vs. GYLD - Dividend Comparison
PWS's dividend yield for the trailing twelve months is around 1.31%, less than GYLD's 7.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GYLD Arrow Dow Jones Global Yield ETF | 7.55% | 8.43% | 12.90% | 7.13% | 4.64% | 5.50% | 7.42% | 5.83% | 8.17% | 6.78% | 7.29% | 10.35% |
PWS Pacer WealthShield ETF | 1.31% | 1.59% | 1.33% | 2.21% | 1.45% | 0.94% | 0.53% | 1.77% | 1.16% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PWS and GYLD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GYLD has higher volatility (3.27%) compared to PWS (3.14%). In terms of maximum drawdown, PWS dropped -24.93% vs GYLD's -55.03%.
On 5-year performance, GYLD leads with 6.08% vs 1.35% for PWS. On fees, PWS is cheaper at 0.60% per year. On volatility, PWS has been the lower-risk option at 3.14%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GYLD has performed better with a 6.08% return vs 1.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PWS is cheaper with a 0.60% expense ratio, compared with 0.75% for GYLD.
GYLD has the higher dividend yield at 7.55%, compared with 1.31% for PWS.
PWS tracks Pacer WealthShield Index, while GYLD tracks DJ Brookfield Global Infrastructure Composite Yield. They also come from different issuers: Pacer and Arrow Funds. Their fees differ too: 0.60% for PWS and 0.75% for GYLD.
GYLD currently has the higher Sharpe Ratio (1.32 vs 0.85), 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.
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