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SDEM vs. ECOW
Performance
Return for Risk
Dividends
Drawdowns
Volatility

SDEM vs. ECOW

Last updated Apr 1, 2026

Compare and contrast key facts about Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW).

SDEM and ECOW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SDEM is a passively managed fund by Global X that tracks the performance of the MSCI Emerging Markets Top 50 Dividend. It was launched on Mar 17, 2015. ECOW is a passively managed fund by Pacer that tracks the performance of the Pacer Emerging Markets Cash Cows 100 Index. It was launched on May 2, 2019. Both SDEM and ECOW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

SDEM vs. ECOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). The values are adjusted to include any dividend payments, if applicable.

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SDEM vs. ECOW - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
SDEM
Global X MSCI SuperDividend Emerging Markets ETF		9.02%32.01%4.02%12.64%-21.53%2.11%-11.13%7.96%
ECOW
Pacer Emerging Markets Cash Cows 100 ETF		9.29%32.50%3.17%15.79%-19.28%7.47%-2.51%10.37%

Returns By Period

The year-to-date returns for both investments are quite close, with SDEM having a 9.02% return and ECOW slightly higher at 9.29%.

SDEM

1D
2.83%
1M
-3.15%
YTD
9.02%
6M
17.87%
1Y
32.71%
3Y*
18.58%
5Y*
5.04%
10Y*
4.68%

ECOW

1D
2.44%
1M
-4.14%
YTD
9.29%
6M
12.97%
1Y
37.65%
3Y*
18.71%
5Y*
6.93%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X MSCI SuperDividend Emerging Markets ETF

Pacer Emerging Markets Cash Cows 100 ETF

Often compared with SDEM:
SDEM vs. SDIVSDEM vs. ALTYSDEM vs. EFASSDEM vs. SCHDSDEM vs. SPYSDEM vs. DGRWSDEM vs. DVYA
Often compared with ECOW:
ECOW vs. EYLDECOW vs. MOTIECOW vs. EEMSECOW vs. FEDDXECOW vs. DFEVXECOW vs. COWZECOW vs. DEM

SDEM vs. ECOW - Expense Ratio Comparison

SDEM has a 0.67% expense ratio, which is lower than ECOW's 0.70% expense ratio.

ECOW
Pacer Emerging Markets Cash Cows 100 ETF
SDEM
Global X MSCI SuperDividend Emerging Markets ETF

Return for Risk

SDEM vs. ECOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
SDEM
SDEM Risk / Return Rank: 9393
Overall Rank
SDEM Sharpe Ratio Rank: 9393
Sharpe Ratio Rank
SDEM Sortino Ratio Rank: 9393
Sortino Ratio Rank
SDEM Omega Ratio Rank: 9393
Omega Ratio Rank
SDEM Calmar Ratio Rank: 9292
Calmar Ratio Rank
SDEM Martin Ratio Rank: 9393
Martin Ratio Rank
ECOW
ECOW Risk / Return Rank: 9393
Overall Rank
ECOW Sharpe Ratio Rank: 9494
Sharpe Ratio Rank
ECOW Sortino Ratio Rank: 9494
Sortino Ratio Rank
ECOW Omega Ratio Rank: 9595
Omega Ratio Rank
ECOW Calmar Ratio Rank: 8989
Calmar Ratio Rank
ECOW Martin Ratio Rank: 9494
Martin Ratio Rank
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.

SDEM vs. ECOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW). 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.

SDEMECOWDifference

Sharpe ratio

Return per unit of total volatility

2.15

2.28

-0.13

Sortino ratio

Return per unit of downside risk

2.80

2.87

-0.07

Omega ratio

Gain probability vs. loss probability

1.42

1.46

-0.04

Calmar ratio

Return relative to maximum drawdown

3.31

2.85

+0.45

Martin ratio

Return relative to average drawdown

13.51

14.23

-0.73

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SDEM vs. ECOW - Sharpe Ratio Comparison

The current SDEM Sharpe Ratio is 2.15, which is comparable to the ECOW Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of SDEM and ECOW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

SDEMECOWDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.15

2.28

-0.13

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.39

-0.10

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.24

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.18

0.36

-0.18

Correlation

The correlation between SDEM and ECOW is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

SDEM vs. ECOW - Dividend Comparison

SDEM's dividend yield for the trailing twelve months is around 4.92%, more than ECOW's 4.76% yield.

TTM20252024202320222021202020192018201720162015
SDEM
Global X MSCI SuperDividend Emerging Markets ETF		4.92%5.27%7.28%7.50%8.86%8.14%6.30%6.47%6.55%5.01%5.06%6.14%
ECOW
Pacer Emerging Markets Cash Cows 100 ETF		4.76%5.20%7.35%5.46%7.50%4.39%3.35%8.08%0.00%0.00%0.00%0.00%

Drawdowns

SDEM vs. ECOW - Drawdown Comparison

The maximum SDEM drawdown since its inception was -47.38%, which is greater than ECOW's maximum drawdown of -40.27%. Use the drawdown chart below to compare losses from any high point for SDEM and ECOW.

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Drawdown Indicators

SDEMECOWDifference

Max Drawdown

Largest peak-to-trough decline

-47.38%

-40.27%

-7.11%

Max Drawdown (1Y)

Largest decline over 1 year

-9.78%

-13.09%

+3.31%

Max Drawdown (5Y)

Largest decline over 5 years

-36.72%

-33.67%

-3.05%

Max Drawdown (10Y)

Largest decline over 10 years

-47.38%

—

—

Current Drawdown

Current decline from peak

-4.01%

-4.82%

+0.81%

Average Drawdown

Average peak-to-trough decline

-20.99%

-11.29%

-9.70%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.39%

2.63%

-0.24%

Volatility

SDEM vs. ECOW - Volatility Comparison

Global X MSCI SuperDividend Emerging Markets ETF (SDEM) and Pacer Emerging Markets Cash Cows 100 ETF (ECOW) have volatilities of 7.05% and 7.25%, 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

SDEMECOWDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.05%

7.25%

-0.20%

Volatility (6M)

Calculated over the trailing 6-month period

10.37%

11.25%

-0.88%

Volatility (1Y)

Calculated over the trailing 1-year period

15.29%

16.60%

-1.31%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.35%

17.66%

-0.31%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.31%

20.26%

-0.95%