GCOW vs SHM
Comparison between PACER GLOBAL CASH COWS DIVIDEND ETF (GCOW, ETF) and STATE STREET(R) SPDR NUVEEN ICE SHORT TERM MUNICIPAL BOND ETF (SHM, ETF).
5-Year PerformanceGCOW has outperformed SHM, delivering a return of +13.6% compared to +0.9%
GCOW vs SHM - Performance Comparison
Key Characteristics
Financial metrics and valuation ratios
GCOW vs SHM - Historical Returns
Returns include dividend reinvestment.
GCOW vs SHM - Annual Returns (2007 - 2026)
Returns include dividend reinvestment.
| Year | GCOW | SHM |
|---|---|---|
| 2026 | +14.77% | +1.02% |
| 2025 | +27.17% | +3.86% |
| 2024 | +2.92% | +1.22% |
| 2023 | +13.22% | +2.81% |
| 2022 | +4.66% | -3.80% |
| 2021 | +14.19% | -0.37% |
| 2020 | -4.74% | +2.53% |
| 2019 | +17.78% | +3.60% |
| 2018 | -9.13% | +1.42% |
| 2017 | +20.22% | +1.01% |
| 2016 | +10.27% | -0.49% |
| 2015 | N/A | +1.13% |
| 2014 | N/A | +1.01% |
| 2013 | N/A | +1.27% |
| 2012 | N/A | +1.32% |
| 2011 | N/A | +3.76% |
| 2010 | N/A | +1.19% |
| 2009 | N/A | +4.28% |
| 2008 | N/A | +5.83% |
| 2007 | N/A | +1.61% |
GCOW vs SHM Drawdown Comparison
The maximum drawdown for GCOW was -37.62%, occurring on Mar 23, 2020. Recovery took 277 trading sessions.
The maximum drawdown for SHM was -11.61%, occurring on Mar 19, 2020. Recovery took 50 trading sessions.
The current SHM drawdown is -0.11%.
| Rank | GCOW | SHM |
|---|---|---|
| #1 | -37.62% Jan 17, 2020 - Feb 24, 2021 | -11.61% Mar 9, 2020 - May 19, 2020 |
| #2 | -21.48% Jun 7, 2022 - Jan 12, 2023 | -6.97% Sep 23, 2008 - Dec 5, 2008 |
| #3 | -19.76% Mar 28, 2016 - Oct 2, 2017 | -6.67% Aug 3, 2021 - Sep 5, 2024 |
| #4 | -16.09% Jan 26, 2018 - Nov 4, 2019 | -3.50% Aug 31, 2010 - May 6, 2011 |
| #5 | -12.35% Mar 18, 2025 - May 20, 2025 | -3.07% Feb 13, 2008 - Mar 18, 2008 |
| #6 | -8.81% Sep 27, 2024 - Feb 24, 2025 | -2.70% Aug 22, 2016 - Aug 2, 2017 |
| #7 | -8.40% Apr 18, 2023 - Jul 24, 2023 | -2.63% Apr 23, 2013 - Oct 23, 2013 |
| #8 | -7.93% Jul 31, 2023 - Dec 14, 2023 | -2.07% Sep 5, 2017 - Jan 11, 2019 |
| #9 | -7.82% Feb 27, 2026 - Jul 29, 2026 | -1.87% Feb 13, 2009 - Apr 16, 2009 |
| #10 | -7.13% Jun 10, 2021 - Dec 29, 2021 | -1.75% Mar 18, 2008 - Aug 15, 2008 |
| #11 | -6.94% Feb 1, 2023 - Apr 11, 2023 | -1.67% Sep 6, 2011 - Jan 11, 2012 |
| #12 | -6.42% Apr 20, 2022 - May 27, 2022 | -1.67% Apr 4, 2025 - Jun 12, 2025 |
| #13 | -5.10% Feb 9, 2022 - Mar 25, 2022 | -1.31% Oct 3, 2024 - Feb 25, 2025 |
| #14 | -4.96% May 17, 2024 - Jul 17, 2024 | -1.24% Sep 17, 2008 - Sep 23, 2008 |
| #15 | -4.45% Jan 5, 2024 - Mar 12, 2024 | -1.13% Feb 26, 2026 - Jul 6, 2026 |
Correlation
Correlation between GCOW and SHM is 0.79 which considered as a strong positive correlation - the stocks tend to move together.
Dividend Comparison (2007 - 2026)
GCOW vs SHM dividend yield comparison.
| Year | GCOW | SHM |
|---|---|---|
| 2026 | 1.79% | 1.56% |
| 2025 | 4.06% | 2.61% |
| 2024 | 5.14% | 2.06% |
| 2023 | 5.28% | 1.15% |
| 2022 | 4.39% | 0.69% |
| 2021 | 4.23% | 0.86% |
| 2020 | 4.12% | 1.24% |
| 2019 | 4.40% | 1.40% |
| 2018 | 3.94% | 1.23% |
| 2017 | 2.79% | 1.06% |
| 2016 | 1.95% | 0.94% |
| 2015 | 0.00% | 0.92% |
| 2014 | 0.00% | 0.93% |
| 2013 | 0.00% | 0.97% |
| 2012 | 0.00% | 1.40% |
| 2011 | 0.00% | 1.60% |
| 2010 | 0.00% | 1.91% |
| 2009 | 0.00% | 2.03% |
| 2008 | 0.00% | 2.59% |
| 2007 | 0.00% | 0.72% |
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