SHECY vs. GCOW

Last updated Jun 26, 2026

SHECY (Shin-Etsu Chemical Co Ltd ADR) is a stock, while GCOW (Pacer Global Cash Cows Dividend ETF) is Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index. Over the past 10 years, SHECY returned 14.70%/yr vs 10.10%/yr for GCOW. At a 0.42 correlation, their price movements are largely independent.

Performance

SHECY vs. GCOW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Shin-Etsu Chemical Co Ltd ADR (SHECY) 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, SHECY achieves a 40.00% return, which is significantly higher than GCOW's 7.36% return. Over the past 10 years, SHECY has outperformed GCOW with an annualized return of 14.70%, while GCOW has yielded a comparatively lower 10.10% annualized return.

SHECY

• 1D: -0.64%
• 1M: -2.21%
• YTD: 40.00%
• 6M: 38.57%
• 1Y: 40.36%
• 3Y*: 11.13%
• 5Y*: 5.61%
• 10Y*: 14.70%

GCOW

• 1D: 0.53%
• 1M: -5.35%
• YTD: 7.36%
• 6M: 7.11%
• 1Y: 22.04%
• 3Y*: 15.31%
• 5Y*: 11.72%
• 10Y*: 10.10%

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

SHECY vs. GCOW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
SHECY Shin-Etsu Chemical Co Ltd ADR	40.00%	-4.97%	-20.30%	71.18%	-29.73%	-1.27%	59.93%	43.23%	-24.32%	31.25%
GCOW Pacer Global Cash Cows Dividend ETF	7.36%	27.34%	3.52%	13.95%	5.49%	14.58%	-4.33%	17.81%	-7.99%	20.71%

Correlation

The correlation between SHECY and GCOW is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.25
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.42
Correlation (All Time) Calculated using the full available price history since Feb 23, 2016	0.42

The correlation between SHECY and GCOW shifts across timeframes, from 0.25 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.

Return for Risk

SHECY vs. GCOW — Risk / Return Rank

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

SHECY

SHECY Risk / Return Rank: 74
SHECY Sharpe Ratio Rank: 76
SHECY Sortino Ratio Rank: 71
SHECY Omega Ratio Rank: 69
SHECY Calmar Ratio Rank: 75
SHECY Martin Ratio Rank: 77

GCOW

GCOW Risk / Return Rank: 70
GCOW Sharpe Ratio Rank: 72
GCOW Sortino Ratio Rank: 74
GCOW Omega Ratio Rank: 67
GCOW Calmar Ratio Rank: 69
GCOW Martin Ratio Rank: 66

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.

SHECY vs. GCOW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Shin-Etsu Chemical Co Ltd ADR (SHECY) 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.

	SHECY	GCOW	Difference
Sharpe ratio: Return per unit of total volatility	1.14	2.00	-0.86
Sortino ratio: Return per unit of downside risk	1.65	2.86	-1.21
Omega ratio: Gain probability vs. loss probability	1.21	1.35	-0.14
Calmar ratio: Return relative to maximum drawdown	1.87	2.99	-1.12
Martin ratio: Return relative to average drawdown	4.82	10.37	-5.54

SHECY vs. GCOW - Sharpe Ratio Comparison

The current SHECY Sharpe Ratio is 1.14, which is lower than the GCOW Sharpe Ratio of 2.00. The chart below compares the historical Sharpe Ratios of SHECY 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

SHECY vs. GCOW - Drawdown Comparison

The maximum SHECY drawdown since its inception was -82.68%, which is greater than GCOW's maximum drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for SHECY and GCOW.

Drawdown Indicators

	SHECY	GCOW	Difference
Max Drawdown Largest peak-to-trough decline	-82.68%	-37.64%	-45.04%
Max Drawdown (1Y) Largest decline over 1 year	-21.74%	-7.40%	-14.34%
Max Drawdown (3Y) Largest decline over 3 years	-44.01%	-12.35%	-31.66%
Max Drawdown (5Y) Largest decline over 5 years	-49.23%	-21.48%	-27.75%
Max Drawdown (10Y) Largest decline over 10 years	-49.23%	-37.64%	-11.59%
Current Drawdown Current decline from peak	-12.55%	-6.91%	-5.64%
Average Drawdown Average peak-to-trough decline	-50.08%	-5.83%	-44.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	8.39%	2.13%	+6.26%

Volatility

SHECY vs. GCOW - Volatility Comparison

Shin-Etsu Chemical Co Ltd ADR (SHECY) has a higher volatility of 15.28% compared to Pacer Global Cash Cows Dividend ETF (GCOW) at 2.99%. This indicates that SHECY'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

	SHECY	GCOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.28%	2.99%	+12.29%
Volatility (6M) Calculated over the trailing 6-month period	28.43%	8.32%	+20.11%
Volatility (1Y) Calculated over the trailing 1-year period	35.61%	11.11%	+24.50%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.17%	13.51%	+17.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	30.09%	16.03%	+14.06%

Dividends

SHECY vs. GCOW - Dividend Comparison

SHECY has not paid dividends to shareholders, while GCOW's dividend yield for the trailing twelve months is around 4.90%.

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%
SHECY Shin-Etsu Chemical Co Ltd ADR	0.00%	1.18%	1.04%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.39%

Frequently Asked Questions

Can I hold both SHECY and GCOW in my portfolio?

SHECY and GCOW have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SHECY or GCOW?

SHECY has higher volatility (15.28%) compared to GCOW (2.99%). In terms of maximum drawdown, SHECY dropped -82.68% vs GCOW's -37.64%.

Which has better risk-adjusted returns?

GCOW currently has the higher Sharpe Ratio (2.00 vs 1.14), 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.