Pacer US Large Cap Cash Cows Growth Leaders ETF
$40.23+0.01 (+0.02%)
- Expense ratio
- 0.49%
- Fund size
- $2.3B
- 1Y return
- +10.6%
- Yield · Last 12 months
- 0.74%
- Holdings
- 102
- Volume · 30D
- 0.3M sh
- NAV per share
- $40.08
- 52W range
The ETF.net COWG Grade
Score 53 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 19Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 94Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.CScore 54Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 68Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 50Category rank
Our read on COWG
CPacer aimed its Cash Cows free-cash-flow playbook at growth stocks: roughly 100 Russell 1000 names chosen on cash generation and profitability rather than revenue growth alone. Growth, with the cash burners screened out.
The Fund seeks to track, before fees and expenses, the Pacer US Large Cap Cash Cows Growth Leaders Index. Its rules-based strategy selects growth companies from the Russell 1000 using free cash flow margin and related profitability screens.
Why people hold it
- The screen is the product: Russell 1000 growth companies ranked on free cash flow margin and related profitability tests, and the fund has tracked that index closely.paceretfs.com
- About 100 holdings, so the cash flow filter actually shows up in the portfolio instead of being diluted across a several-hundred-name growth benchmark.
- Has reached multi-billion-dollar scale since its 2022 launch, trades at moderate volume, and pays on a quarterly schedule.
Worth knowing
- The screen is not cheap: 0.49% a year against a growth-cohort median of 0.18%, and multiples of plain index rivals like VUG (0.03%) or SCHG (0.04%).
- Short history. It launched in December 2022, so there is no full-cycle record behind the methodology yet.
- A concentrated rules-based slice can look quite different from a standard large-cap growth index between rebalances, in either direction.
COWG Holdings
- Stocks
- 102
- 28%
- IRDM
Sectors
- Technology57.6%
- Health Care14.7%
- Communication7.6%
- Energy6.7%
- Materials4.3%
- Industrials3.3%
- Consumer Discr.3.1%
- Cons. Staples2.7%
Geography
- United States98.66%
- Ireland1.34%
COWG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | COWG |
|---|---|
| Year to date | +14.9% |
| 1 month | +1.7% |
| 3 months | +3.9% |
| 1 year | +10.6% |
| 3 years | +24.5% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | COWG |
|---|---|---|
| 2026 YTD | +14.9% | |
| 2025 | +10.2% | |
| 2024 | +35.0% | |
| 2023 | +20.7% | |
| 2022 | −0.7% |
COWG in the news
ETF.net Research hasn’t filed on COWG yet — coverage lands here as it’s written.
COWG Dividends
- 0.74%
- $0.30
- $0.19 per share
- Quarterly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Sep 3, 2026 | Sep 8, 2026 | $0.19 |
| Jun 4, 2026 | Jun 8, 2026 | $0.03 |
| Mar 5, 2026 | Mar 9, 2026 | $0.01 |
| Dec 30, 2025 | Jan 5, 2026 | $0.06 |
| Sep 4, 2025 | Sep 10, 2025 | $0.04 |
| Jun 5, 2025 | Jun 11, 2025 | $0.0082 |
| Mar 6, 2025 | Mar 12, 2025 | $0.0049 |
| Dec 27, 2024 | Jan 2, 2025 | $0.05 |
| Sep 26, 2024 | Oct 2, 2024 | $0.03 |
| Jun 27, 2024 | Jul 3, 2024 | $0.02 |
| Mar 21, 2024 | Mar 27, 2024 | $0.03 |
| Dec 27, 2023 | Jan 3, 2024 | $0.04 |
COWG Risk
- 16.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.01
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −23.6%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.04
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
COWG Cost
- The middle half of US Growth Index funds
- Median 0.18%
26 of the 35 US Growth Index funds charge less.