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Launched

Pacer US Large Cap Cash Cows Growth Leaders ETF

COWGNasdaqPacerB

$38.79−0.59 (−1.49%)

At close: Nov 2, 2026, 4:00 PM ET

B55/ 100

Rank 22 of 35 in US Growth Index

B55/100Rank 22 of 35inUS Growth Index
Intraday session: down, 79 prints from 39.38 to 38.79. Range 38.79 to 39.60. Use the arrow keys to read each point.39.0039.2039.6010 AM12 PM2 PM4 PM
Expense ratio
0.49%
Fund size
$2.3B
1Y total return
+8.5%
Yield · Last 12 months
0.75%
Holdings
101
Avg volume · 30D
256K sh
52W range
low $32.64high $41.73
Launched

The ETF.net COWG Grade

B

Score 55 out of 100

Category
US Growth Index⁠
Rank
22 of 35
Six-pillar profile for COWG. Scores out of 100: Cost 18, Risk 57, Mission 92, Tradability 66, Holdings 65, Durability 50. Strongest: Mission (92). Weakest: Cost (18). Leans toward Mission.

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.
    F18 out of 100
    Rank 28 of 35

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A92 out of 100
    Rank 20 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B57 out of 100
    Rank 12 of 35

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B66 out of 100
    Rank 10 of 35

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B65 out of 100
    Rank 15 of 35

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C50 out of 100
    Rank 21 of 35

Our read on COWG

ETF.net Research

In short

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.

Stated mandate

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

Holdings pillarB65 out of 100Rank 15 of 35 in US Growth IndexAs of
Asset class
Stocks
Holdings
101
Top-10 weight
30%
Largest holding
OKTA3.7%

Sectors

  • Technology67.7%
  • Health Care13.0%
  • Communication6.4%
  • Consumer Discretionary4.6%
  • Energy2.7%
  • Industrials1.9%
  • Consumer Staples1.7%
  • Materials1.5%
  • Utilities0.3%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 7.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1OKTAOkta Inc3.68%418,868$87.4M262
2DDOGDatadog Inc3.40%295,649$80.7M436
3CRWDCrowdstrike Holdings Inc3.38%335,331$80.3M488
4PANWPalo Alto Networks Inc3.14%214,424$74.5M505
5FTNTFortinet Inc3.05%416,416$72.5M476
6UUnity Software Inc2.98%1,715,289$70.7M142
7MUMicron Technology Inc2.71%70,293$64.2M686
8CRDOCredo Technology Group Holding Ltd2.62%341,054$62.2M234
9PAYCPaycom Software Inc2.51%228,058$59.5M210
10SNDKSandisk Corp2.38%41,068$56.6M471
11IRDMIridium Communications Inc2.20%1,179,776$52.2M163
12NTNXNutanix Inc2.07%701,674$49.2M198
13MANHManhattan Associates Inc1.91%192,150$45.3M194
14DTDynatrace Inc1.85%676,225$43.8M198
15VEEVVeeva Systems Inc1.84%136,034$43.6M335

Showing 1–15 of 101 holdings

COWG Performance

Launched Dec 21, 2022

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$10,855
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. COWG $10,855. SPY $11,199. Use the arrow keys to read each point.$9,000$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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.

Trailing total return for COWG. Periods over one year show the average yearly return.
PeriodCOWG
Year to date+12.5%
1 month−1.3%
3 months+4.4%
1 year+8.5%
3 yearsper year+24.7%
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for COWG
YearReturn barCOWG
2026 YTD+12.5%
2025+10.2%
2024+35.0%
2023+20.7%
2022−0.7%

History from Dec 22, 2022

COWG in the news

COWG Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
0.75%Last 12 months
Payout per share
$0.30Last 12 months
Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2023–2026

One bar per payment. 15 payments from 2023 to 2026 YTD. Mar 23, 2023 $0.02; Jun 22, 2023 $0.02; Sep 21, 2023 $0.02; Dec 27, 2023 $0.04; Mar 21, 2024 $0.03; Jun 27, 2024 $0.02; Sep 26, 2024 $0.03; Dec 27, 2024 $0.05; Mar 6, 2025 $0.0049; Jun 5, 2025 $0.0082; Sep 4, 2025 $0.04; Dec 30, 2025 $0.06; Mar 5, 2026 $0.01; Jun 4, 2026 $0.03; Sep 3, 2026 $0.19. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Sep 3, 2026Sep 8, 2026$0.19
Jun 4, 2026Jun 8, 2026$0.03
Mar 5, 2026Mar 9, 2026$0.01
Dec 30, 2025Jan 5, 2026$0.06
Sep 4, 2025Sep 10, 2025$0.04
Jun 5, 2025Jun 11, 2025$0.0082
Mar 6, 2025Mar 12, 2025$0.0049
Dec 27, 2024Jan 2, 2025$0.05
Sep 26, 2024Oct 2, 2024$0.03
Jun 27, 2024Jul 3, 2024$0.02
Mar 21, 2024Mar 27, 2024$0.03
Dec 27, 2023Jan 3, 2024$0.04

See all 15 payments⁠

$10,000 in COWG 3 years ago paid $241 in dividends.⁠

COWG Risk

Risk pillarB57 out of 100Rank 12 of 35 in US Growth Index
How much the fund’s monthly returns vary, scaled to a year.
16.0%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.19
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−23.6%
46 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
1.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

COWG Cost

Compare COWG and VUG

Overpaying vs VUG, cheapest in US Growth Index

$9,154

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

  • COWG 0.49%

    $9,792

  • VUG 0.03% Cheapest

    $638

$10,000
30 years

Cost over time

  • COWG 0.49%
  • VUG 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530COWG $9,792VUG $638

Year by year

YearCOWGVUGOverpaying
10$883$55$828
20$3,394$216$3,178
30$9,792$638$9,154

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