GCOW vs VYMI: Grades, Fees and Holdings Compared

Pacer Global Cash Cows Dividend ETF

GCOWCCboe

Vanguard International High Dividend Yield ETF

VYMIANasdaq

Overlap

15.7%by weight

Expense ratio

VYMI −0.53pt a year

GCOW0.60%VYMI0.07%

Avg volume · 30D

VYMI 3.0×the volume

GCOW284KVYMI862K

10Y return · a year

VYMI +0.3pt

GCOW+10.5%VYMI+10.8%

GCOW vs VYMI Performance

Nov 9, 2021 – Nov 9, 2026

+96.0%GCOW+88.2%VYMI

Expense ratio: GCOW 0.60%; VYMI 0.07%, better
Fund size: GCOW $3.66B; VYMI $21.4B
1Y total return: GCOW +24.3%, better; VYMI +24.1%
Yield (12M): GCOW 4.78%, better; VYMI 3.62%
Holdings: GCOW 108; VYMI 1553
Avg volume (30D): GCOW 284K sh; VYMI 862K sh, better
NAV per share: GCOW $47.19; VYMI $100.39
52W range

ETF.net Grade

Pillar letters and Scores for GCOW, VYMI, with each pillar’s weight
Pillar	GCOW	VYMI
Cost30% weight	F1	A97Higher
Mission25% weight	B57	A100Higher
Risk15% weight	A72Higher	B56
Tradability15% weight	A82Higher	B61
Holdings10% weight	C54	A81Higher
Durability5% weight	B62	A88Higher

Rank among International Dividend Index funds

How we build Categories ›

Same Category. GCOW and VYMI are both graded against the same 34 International Dividend Index funds, so their Grades compare head to head.

International Dividend Index⁠

Category · 34 funds

See all 34 ›

VYMI ranks 1st and GCOW 28th of 34 funds in the International Dividend Index Category.

Rank 1AVYMIVanguard International High Dividend Yield ETFScore 84
Rank 2ADIVIFranklin International Core Dividend Tilt Index ETFScore 79
Rank 27CIDOGALPS International Sector Dividend Dogs ETFScore 49
Rank 28CGCOWPacer Global Cash Cows Dividend ETFScore 46
Rank 29CSDIVGlobal X SuperDividend ETFScore 45

Our read on each fund

ETF.net Research

GCOWCPacer Global Cash Cows Dividend ETF

VYMIAVanguard International High Dividend Yield ETF

In short

GCOW Cash first, dividends second. GCOW ranks global companies by free cash flow yield, then takes the big payers from that pool, so the income comes from businesses the screen says can actually fund it.

VYMI Most international dividend funds hold a hundred-odd developed-market names. VYMI casts a far wider net: roughly 1,600 high-yielders across developed and emerging markets outside the US, at seven basis points.

Stated mandate

GCOW The fund seeks income and capital appreciation by screening global companies for high free-cash-flow yield and dividend yield, using a rules-based quality and value methodology.

VYMI VYMI seeks to track the FTSE All-World ex US High Dividend Yield Index through passive sampling, targeting international stocks forecast to have above-average dividend yields.

Why people hold it

GCOW The screen leads with free cash flow, not headline yield: global names are filtered on cash generation and value/quality rules before dividends decide the final cut.paceretfs.com
Truly global, not just overseas. The mandate covers developed markets worldwide in a concentrated basket of roughly 110 stocks, rules-based rather than manager-picked.paceretfs.com
Running since 2016 and now a multi-billion-dollar fund that trades with reasonable regularity, so getting in and out is rarely the hard part.
Income arrives on a quarterly schedule from the fund's own distribution calendar.paceretfs.com

VYMI 0.07% a year, a fraction of the typical international dividend fund's fee and a shade under screened rivals like SCHY (0.08%) and IGRO (0.15%).
Roughly 1,600 stocks across developed and emerging markets ex-US, so no single name, sector or country carries the income load.vanguard.com
Samples the FTSE All-World ex US High Dividend Yield Index and has stayed unusually close to it, among the tightest trackers in its peer group.
Live since 2016, now a multi-billion-dollar fund that trades actively, and it pays out quarterly.

Worth knowing

GCOW At 0.60% a year, it costs more than the typical dividend-screen fund and far more than plain index rivals like VYMI (0.07%) and SCHY (0.08%). The screen has to earn that gap.
Against its dividend-screen peer group, it sits in the lower tier once cost is weighed alongside how the portfolio is built.
No target payout is declared. Distributions rise and fall with what the underlying companies pay and with what the screen holds after each rebalance.paceretfs.com

VYMI No currency hedge. Dividends and prices arrive in foreign currencies, and exchange-rate swings show up in dollar results either way.vanguard.com
The emerging-market sleeve adds political, liquidity and currency risk that developed-only dividend funds sidestep.vanguard.com
Screening on forecast yield tilts toward value and cyclical names, a different ride than dividend-growth peers like VIGI and IGRO.

Full GCOW profile⁠

Full VYMI profile⁠

GCOW vs VYMI Holdings

How GCOW and VYMI differ

Overlap by weight

15.7%

Shared holdings make up 71.6% of GCOW and 16.7% of VYMI.

Level by level

Holdings83 in both15.7%
Sector11 Sectors49.8%
Countryby domicile60.6%
Asset classStocks100%

Sector

Sector weights in GCOW and VYMI, widest gap first
Sector	Gap	GCOW	VYMI
Financials	VYMI +44.4 points	0.0%	44.4%
Consumer Staples	GCOW +16.9 points	23.3%	6.4%
Health Care	GCOW +12.0 points	18.4%	6.3%
Communication	GCOW +10.8 points	14.5%	3.7%
Industrials	GCOW +6.5 points	12.8%	6.3%
Materials	VYMI +3.1 points	3.3%	6.4%
Energy	GCOW +2.1 points	11.1%	9.0%
Utilities	GCOW +1.8 points	6.9%	5.0%
Technology	VYMI +1.7 points	3.8%	5.5%
Real Estate	VYMI +1.1 points	0.0%	1.1%
Consumer Discretionary	GCOW +0.2 points	6.0%	5.8%

Country, concentration and asset class

Country by domicile

Country weights in GCOW and VYMI, widest gap first
Country	Gap	GCOW	VYMI
United States	GCOW +23.2 points	23.2%	0.0%
Taiwan	VYMI +6.0 points	0.0%	6.0%
Canada	VYMI +6.0 points	2.8%	8.8%
China	VYMI +5.3 points	0.5%	5.8%
Saudi Arabia	VYMI +4.6 points	0.0%	4.6%
France	GCOW +3.9 points	9.0%	5.0%
Hong Kong	GCOW +3.9 points	5.7%	1.8%
Germany	GCOW +3.2 points	7.5%	4.3%
Other countries (30)	VYMI +12.5 points	51.2%	63.7%

Outside the US: GCOW 95% developed, 5% emerging. VYMI 74% developed, 26% emerging.

Concentration

Weight in the 10 largest Holdings

GCOW21.9%
VYMI13.7%

Securities held

GCOW103
VYMI1,515

Asset class

GCOW: Stocks
VYMI: Stocks

Holdings

Only in GCOW20
In both83
Only in VYMI1,432

Only in GCOW

20 securities, 27.8% of GCOW by weight

Accenture PLC2.76%
Medtronic PLC2.36%
Chevron Corp2.14%
Pfizer Inc2.13%
Philip Morris International Inc2.10%
Bristol-Myers Squibb Co2.05%
Altria Group Inc1.99%
Comcast Corp1.93%
Verizon Communications Inc1.90%
PepsiCo Inc1.88%
AT&T Inc1.80%
Chugai Pharmaceutical Co Ltd1.51%
Basf SE1.28%
Henkel AG & Co Kgaa0.63%
Koninklijke Philips NV0.59%
Jardine Matheson Holdings Ltd0.38%
Jardine Matheson Southeast Asia Ltd0.21%
Suntory Beverage & Food Ltd0.16%
Australian Dollar<0.01%
Hong Kong Dollar0.00%

Only in VYMI

1,432 securities, 83.1% of VYMI by weight

HSBC Holdings PLC1.80%
Roche Holding AG1.55%
Shell PLC1.47%
Royal Bank of Canada1.46%
Mitsubishi UFJ Financial Group Inc1.34%
MediaTek Inc1.20%
BHP Group Ltd1.14%
Banco Santander SA1.07%
Toronto-Dominion Bank/The1.03%
Allianz SE0.95%
Commonwealth Bank of Australia0.93%
Sumitomo Mitsui Financial Group Inc0.85%
Banco Bilbao Vizcaya Argentaria SA0.83%
Iberdrola SA0.83%
UBS Group AG0.79%
UniCredit SpA0.70%
Mizuho Financial Group Inc0.69%
SLBBH11420.67%
DBS Group Holdings Ltd0.65%
Novo Nordisk A/S0.64%
Bank of Montreal0.63%
Intesa Sanpaolo SpA0.60%
Bank of Nova Scotia/The0.60%
China Construction Bank Corp0.58%
BNP Paribas SA0.55%
Enbridge Inc0.55%
ING Groep NV0.54%
Canadian Imperial Bank of Commerce0.54%
Zurich Insurance Group AG0.53%
Rio Tinto PLC0.52%
Hon Hai Precision Industry Co Ltd0.51%
Tokio Marine Holdings Inc0.50%
National Australia Bank Ltd0.45%
Westpac Banking Corp0.44%
Lloyds Banking Group PLC0.44%
MSCI EAFE Dec260.44%
Barclays PLC0.43%
Oversea-Chinese Banking Corp Ltd0.43%
Suncor Energy Inc0.43%
ANZ Group Holdings Ltd0.42%
Industrial & Commercial Bank of China Ltd0.42%
Axa SA0.41%
National Grid PLC0.40%
Glencore PLC0.39%
NatWest Group PLC0.38%
Muenchener Rueckversicherungs-Gesellschaft AG in Muenchen0.38%
Manulife Financial Corp0.38%
Industria de Diseno Textil SA0.36%
ASE Technology Holding Co Ltd0.35%
Nordea Bank Abp0.34%

Weight gaps

All 83 Holdings in both funds, largest gap first.

Holding weights in GCOW and VYMI, widest gap first
Holding	Gap	GCOW	VYMI
Eni SpA	GCOW +1.66 points	1.93%	0.27%
Unilever PLCULVR.L	GCOW +1.55 points	2.22%	0.67%
Canadian Nat Res Ltd	GCOW +1.49 points	2.00%	0.51%
SoftBank Corp	GCOW +1.49 points	1.72%	0.23%
Sanofi SA	GCOW +1.48 points	1.95%	0.47%
Enel SpA	GCOW +1.43 points	1.83%	0.40%
Mercedes-Benz Group AG	GCOW +1.39 points	1.57%	0.18%
Japan Tobacco Inc	GCOW +1.37 points	1.63%	0.26%
British American Tobacco PLCBATS.L	GCOW +1.36 points	1.95%	0.59%
Gsk PLCGSK.L	GCOW +1.33 points	1.84%	0.51%
Bp PLCBP.L	GCOW +1.32 points	1.93%	0.61%
Naturgy Energy Group SA	GCOW +1.30 points	1.38%	0.08%
Takeda Pharmaceutical Co Ltd	GCOW +1.26 points	1.57%	0.31%
Vinci SA	GCOW +1.20 points	1.51%	0.31%
Deutsche Telekom AG	GCOW +1.16 points	1.70%	0.54%
CSL Ltd	GCOW +1.14 points	1.47%	0.33%
DHL Group	GCOW +1.12 points	1.43%	0.31%
Orlen SA	GCOW +1.05 points	1.17%	0.12%
Diageo PLCDGE.L	GCOW +1.04 points	1.29%	0.25%
Reckitt Benckiser Group PLCRKT.L	GCOW +1.03 points	1.25%	0.22%
Toyota Motor Corp	VYMI +1.02 points	<0.01%	1.02%
Total SE	GCOW +0.95 points	1.87%	0.92%
KDDI Corp	GCOW +0.92 points	1.19%	0.27%
Imperial Brands PLCIMB.L	GCOW +0.89 points	1.02%	0.13%
Endesa SA	GCOW +0.88 points	0.96%	0.08%
Orange S.a.	GCOW +0.88 points	1.05%	0.17%
Fortescue Ltd	GCOW +0.87 points	0.97%	0.10%
Swisscom AG	GCOW +0.87 points	0.97%	0.10%
Aena SME SA	GCOW +0.80 points	0.91%	0.11%
Nestle SA	GCOW +0.80 points	2.04%	1.24%
Daimler Truck Holding AG	GCOW +0.75 points	0.87%	0.12%
Telstra Group Ltd	GCOW +0.73 points	0.80%	0.07%
Danone SA	GCOW +0.69 points	0.91%	0.22%
Novartis AG	GCOW +0.65 points	2.06%	1.41%
Tesco PLCTSCO.L	GCOW +0.63 points	0.83%	0.20%
Kia Corp	GCOW +0.63 points	0.73%	0.10%
Vodafone Group PLCVOD.L	GCOW +0.57 points	0.73%	0.16%
Kone Oyj	GCOW +0.55 points	0.65%	0.10%
CK Infrastructure Holdings Ltd	GCOW +0.56 points	0.59%	0.03%
CLP Holdings Ltd	GCOW +0.56 points	0.64%	0.08%
Publicis Groupe SA	GCOW +0.54 points	0.67%	0.13%
SITC International Holdings Co Ltd	GCOW +0.54 points	0.58%	0.04%
Denso Corp	GCOW +0.53 points	0.64%	0.11%
Veolia Environnement SA	GCOW +0.53 points	0.64%	0.11%
CK Hutchison Holdings Ltd	GCOW +0.53 points	0.65%	0.12%
Bridgestone Corp	GCOW +0.52 points	0.66%	0.14%
Galaxy Entertainment Group Ltd	GCOW +0.47 points	0.52%	0.05%
Nippon Yusen KK	GCOW +0.46 points	0.56%	0.10%
Koninklijke Ahold Delhaize NV	GCOW +0.46 points	0.63%	0.17%
Swire Pacific Ltd	GCOW +0.46 points	0.49%	0.03%
Hong Kong & China Gas Co Ltd	GCOW +0.45 points	0.50%	0.05%
Cathay Pacific Airways Ltd	GCOW +0.45 points	0.47%	0.02%
Astellas Pharma Inc	GCOW +0.44 points	0.58%	0.14%
Power Assets Holdings Ltd	GCOW +0.44 points	0.50%	0.06%
Nutrien Ltd	GCOW +0.44 points	0.62%	0.18%
Orient Overseas Intl	GCOW +0.43 points	0.44%	0.01%
Canon Inc	GCOW +0.42 points	0.55%	0.13%
Wolters Kluwer NV	GCOW +0.40 points	0.49%	0.09%
Fresnillo PLCFRES.L	GCOW +0.39 points	0.43%	0.04%
Chow Tai Fook Jewellery	GCOW +0.38 points	0.39%	0.01%
Budweiser Brewing Co APAC Ltd	GCOW +0.37 points	0.38%	<0.01%
WH Group Ltd	GCOW +0.38 points	0.41%	0.03%
Komatsu Ltd	GCOW +0.37 points	0.59%	0.22%
Capgemini SE	GCOW +0.34 points	0.44%	0.10%
Origin Energy Ltd	GCOW +0.33 points	0.40%	0.07%
Singapore Airlines Ltd	GCOW +0.33 points	0.37%	0.04%
Subaru Corp	GCOW +0.32 points	0.37%	0.05%
HMM Co Ltd	GCOW +0.31 points	0.33%	0.02%
Brambles Ltd	GCOW +0.30 points	0.40%	0.10%
Sands China Ltd	GCOW +0.30 points	0.32%	0.02%
Wilmar International Ltd	GCOW +0.29 points	0.32%	0.03%
PRADA SpA	GCOW +0.29 points	0.30%	0.01%
Asahi Group Holdings Ltd	GCOW +0.27 points	0.35%	0.08%
Thai Beverage PCL	GCOW +0.26 points	0.27%	0.01%
Kawasaki Kisen Kaisha Ltd	GCOW +0.25 points	0.29%	0.04%
Shenzhou International Group Holdings Ltd	GCOW +0.25 points	0.27%	0.02%
Coles Group Ltd	GCOW +0.24 points	0.35%	0.11%
HD Korea Shipbuilding & Offshore Engineering Co Ltd	GCOW +0.19 points	0.25%	0.06%
Kirin Holdings Co Ltd	GCOW +0.17 points	0.25%	0.08%
Meridian Energy Ltd	GCOW +0.17 points	0.19%	0.02%
Sonic Healthcare Ltd	GCOW +0.16 points	0.19%	0.03%
Hyundai Glovis Co Ltd	GCOW +0.15 points	0.18%	0.03%
JB Hi-Fi Ltd	GCOW +0.14 points	0.17%	0.03%

All 111 GCOW holdings⁠All 1,502 VYMI holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

GCOW vs VYMI Cost

Overpaying GCOW vs VYMI

$10,337

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

GCOW 0.60%
$11,817
VYMI 0.07%
$1,480

Amount$10,000

Years30 years

Cost over time

GCOW 0.60%
VYMI 0.07%
Overpaying

Year by year

Year	GCOW	VYMI	Overpaying
10	$1,076	$128	$948
20	$4,116	$503	$3,613
30	$11,817	$1,480	$10,337

Expense ratio

0.60%GCOW
0.07%VYMI, cheaper

VYMI0.07%GCOW0.60%

0.07%0.60%

Middle half of International Dividend Index funds
Median 0.49%

VYMI cheapest of 34 funds

GCOW 33rd cheapest of 34 funds

GCOW vs VYMI Dividends

Last 12 months to Nov 9, 2026

Yield (12M): GCOW 4.78%, better; VYMI 3.62%
Payout (12M): GCOW $2.27; VYMI $3.72
Last payment: GCOW $0.43; VYMI $0.82
Ex-dividend: GCOW Sep 3, 2026; VYMI Sep 18, 2026
Paid on: GCOW Sep 8, 2026; VYMI Sep 22, 2026
Frequency: GCOW Quarterly; VYMI Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

GCOWQuarterly · 39 paymentsAll GCOW payments⁠

VYMIQuarterly · 39 paymentsAll VYMI payments⁠

GCOW vs VYMI Risk

Fall from peak · 5 years

GCOW
VYMI

Risk facts

VolatilityStd dev, 3 years: GCOW 11.7%VYMI 10.5%, better
Return per unit of riskSharpe ratio, 3 years: GCOW 1.21VYMI 1.71, better
Worst fallMax drawdown, 5 years: GCOW −21.5%, betterVYMI −24.1%
Market sensitivityBeta, 5 years: GCOW 0.40VYMI 0.74; Market = 1

GCOW and VYMI in the news

All news⁠

Category Review
International high-yield funds beat the S&P 500. Foreign stocks did not.
Updated Nov 3, 2026VYMI
Best ETFs
Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.
Updated Oct 2, 2026VYMI

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GCOW vs VYMI

In short

Stated mandate

Why people hold it

Worth knowing

How GCOW and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GCOW

Only in VYMI

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

International high-yield funds beat the S&P 500. Foreign stocks did not.

Schwab's dividend ETF returned 22.8% in a year. Its income rate still trails a one-month bill.

How GCOW and VYMI differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in GCOW

Only in VYMI

Weight gaps