Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Pacer US Large Cap Cash Cows Growth Leaders ETF
$41.02−0.17 (−0.42%)
- 0.49%
- $2.4B
- +17.6%
- 0.72%
- 0.3M sh
- $41.57
- low $32.64high $41.73
The ETF.net COWG Grade
B
Score 55 out of 100
- 23 of 35
Score 55 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F19 out of 100Rank 27 of 35Mission
Whether the fund did what it promised, tested against its stated mandate.A92 out of 100Rank 21 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C52 out of 100Rank 14 of 35Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B69 out of 100Rank 8 of 35Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B65 out of 100Rank 14 of 35Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C49 out of 100Rank 21 of 35
Our read on COWG
BPacer 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
- 33%
- OKTA
Sectors
- Technology69.7%
- Health Care11.8%
- Communication6.3%
- Consumer Discretionary4.1%
- Energy2.6%
- Industrials1.9%
- Materials1.7%
- Consumer Staples1.6%
- Utilities0.3%
Geography
- United States95.43%
- Cayman Islands3.03%
- Ireland0.97%
- Denmark0.57%
COWG Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
COWG$11,762
Returns run to the Oct 12, 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 | +17.7% |
| 1 month | +5.7% |
| 3 months | +5.5% |
| 1 year | +17.6% |
| 3 years | +24.0% |
| 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 | +17.7% | |
| 2025 | +10.2% | |
| 2024 | +35.0% | |
| 2023 | +20.7% | |
| 2022 | −0.7% |
COWG in the news
COWG Dividends
- 0.72%
- $0.30
- $0.19 per share
- Quarterly
Distribution history
COWG Risk
- 16.2%
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.
- 1.13
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
0.49%
COWG0.49%
- The middle half of US Growth Index funds
- Median 0.18%
26 of the 35 US Growth Index funds charge less.
Other funds in US Growth Index
- BIWOiShares Russell 2000 Growth ETFExpense ratio 0.24%1 year return +12.0%
- BRPGInvesco S&P 500 Pure Growth ETFExpense ratio 0.35%1 year return +25.5%
- BEGUSiShares ESG Aware MSCI USA Growth ETFExpense ratio 0.18%1 year return +18.7%
- CBKLGBNY Mellon US Large Cap Equity Growth ETFExpense ratio 0.10%1 year return —
- CPWBInvesco Large Cap Growth ETFExpense ratio 0.55%1 year return +30.7%