COWZ vs IUSV: Grades, Fees and Holdings Compared

Pacer US Cash Cows 100 ETF

COWZCCboe

iShares Core S&P U.S. Value ETF

IUSVANasdaq

Overlap

16.8%by weight

Expense ratio

IUSV −0.45pt a year

COWZ0.49%IUSV0.04%

Avg volume · 30D

COWZ 1.7×the volume

COWZ987KIUSV575K

5Y return · a year

COWZ +0.3pt

COWZ+11.8%IUSV+11.5%

COWZ vs IUSV Performance

Oct 29, 2021 – Oct 30, 2026

+74.8%COWZ+72.6%IUSV

Expense ratio: COWZ 0.49%; IUSV 0.04%, better
Fund size: COWZ $19.8B; IUSV $28.5B
1Y total return: COWZ +25.8%, better; IUSV +16.6%
Yield (12M): COWZ 1.91%, better; IUSV 1.63%
Holdings: COWZ 102; IUSV 734
Avg volume (30D): COWZ 987K sh, better; IUSV 575K sh
NAV per share: COWZ $71.33; IUSV $115.73
52W range

ETF.net Grade

Pillar letters and Scores for COWZ, IUSV, with each pillar’s weight
Pillar	COWZ	IUSV
Cost30% weight	F18	A96Higher
Mission25% weight	B69	A88Higher
Risk15% weight	C44	B64Higher
Tradability15% weight	A87Higher	A82
Holdings10% weight	C45	C48Higher
Durability5% weight	C54	A79Higher

Rank among US Value Index funds

How we build Categories ›

Same Category. COWZ and IUSV are both graded against the same 40 US Value Index funds, so their Grades compare head to head.

US Value Index⁠

Category · 40 funds

See all 40 ›

IUSV ranks 3rd and COWZ 28th of 40 funds in the US Value Index Category.

Rank 1ASCHVSchwab U.S. Large-Cap Value ETFScore 84
Rank 2AVTVVanguard Morningstar Value ETFScore 83
Rank 3AIUSViShares Core S&P U.S. Value ETFScore 81
Rank 4AIWDiShares Russell 1000 Value ETFScore 77
Rank 26CFTAFirst Trust Large Cap Value AlphaDEX FundScore 51
Rank 28CCOWZPacer US Cash Cows 100 ETFScore 49
Rank 28CVFVAVanguard U.S. Value Factor ETFScore 49

Our read on each fund

ETF.net Research

COWZCPacer US Cash Cows 100 ETF

IUSVAiShares Core S&P U.S. Value ETF

In short

COWZ Value measured in cash, not accounting bargains. COWZ ranks Russell 1000 large and mid caps by trailing free-cash-flow yield and holds the top 100, with financial companies screened out entirely.

IUSV A value fund with a wider net: it tracks the S&P 900 Value Index, which screens S&P 500 and MidCap 400 stocks on book value, earnings and sales versus price. Roughly 700 names, 0.04% a year, running since 2000.

Stated mandate

COWZ The fund seeks to track, before fees and expenses, the total return of the Pacer US Cash Cows 100 Index. Its rules-based index targets 100 U.S. large- and mid-cap companies selected from the Russell 1000 for high trailing free-cash-flow yield after screens for projected cash flow, earnings, and financial companies.

IUSV The fund seeks to track the S&P 900 Value Index, which represents large- and mid-capitalization U.S. value equities. Value characteristics are identified using book value, earnings, and sales relative to price.

Why people hold it

COWZ The screen is concrete: high trailing free-cash-flow yield, plus tests on projected cash flow and earnings. Cash a company actually throws off, not a cheap-looking book value.
Rules-based index, about 100 large and mid cap names, quarterly distributions, and a live track record dating to its 2016 launch.
A multi-billion-dollar fund that trades actively, so getting in and out is rarely the hard part.

IUSV Costs 0.04% a year, a fraction of the typical US value ETF, and level with the cheapest of its large peers like SCHV.
The index reaches past the S&P 500 into the S&P MidCap 400, so mid-cap value names come along. Large-cap-only rivals such as SCHV stop short of them.spindices.com
A 2000 vintage and now a multi-billion-dollar iShares Core holding: it trades actively, tracks its index closely, and pays quarterly.

Worth knowing

COWZ 0.49% a year buys the cash-flow screen. Plain-vanilla value funds sit far below that: VTV at 0.03%, SCHV at 0.04%.
No financials, by design. Ranking on cash yield also piles weight into whichever sectors are gushing cash, so the sector map can look nothing like a broad value index.
Against the US value ETFs we track, it lands in the bottom quartile of our review, with the fee the biggest weight on the scale.

IUSV S&P's style system splits the parent index by formula, and stocks with both value and growth traits can sit in each. This is the cheap half of the market, not a deep-value sleeve.spglobal.com spglobal.com 2
The screen is pure price ratios (book value, earnings, sales), with no profitability or quality filter, so cheap-for-a-reason names are part of the deal.spglobal.com
Holdings are float-market-cap weighted, so the biggest value names drive most of the movement.spglobal.com

Full COWZ profile⁠

Full IUSV profile⁠

COWZ vs IUSV Holdings

As of Oct 27, 2026

How COWZ and IUSV differ

Overlap by weight

16.8%

Shared holdings make up 85.1% of COWZ and 16.8% of IUSV.

Level by level

Holdings82 in both16.8%
Sector11 Sectors75.8%
Countryby domicile99.2%
Asset classEquity100%

Sector

Sector weights in COWZ and IUSV, widest gap first
Sector	More in COWZMore in IUSV	COWZ	IUSV
Financials	IUSV +15.5 points	0.0%	15.5%
Energy	COWZ +12.6 points	20.8%	8.2%
Communication	COWZ +5.0 points	7.4%	2.4%
Utilities	IUSV +4.0 points	0.0%	4.0%
Real Estate	IUSV +3.3 points	0.0%	3.3%
Technology	COWZ +2.7 points	22.9%	20.2%
Health Care	COWZ +2.3 points	15.1%	12.8%
Consumer Staples	IUSV +1.0 points	7.8%	8.8%
Industrials	COWZ +1.0 points	12.2%	11.2%
Materials	COWZ +0.7 points	4.2%	3.5%
Consumer Discretionary	IUSV +0.2 points	9.7%	9.9%

Country, concentration and asset class

Country by domicile

Country weights in COWZ and IUSV, widest gap first
Country	More in COWZMore in IUSV	COWZ	IUSV
United States	COWZ +0.8 points	100.0%	99.2%
Switzerland	IUSV +0.5 points	0.0%	0.5%
Other countries (5)	IUSV +0.2 points	0.0%	0.2%

Concentration

Weight in the 10 largest Holdings

COWZ22.6%
IUSV23.0%

Securities held

COWZ100
IUSV731

Asset class

COWZ: Equity
IUSV: Equity

Holdings

Only in COWZ18
In both82
Only in IUSV649

Only in COWZ

18 securities, 14.6% of COWZ by weight

Uber Technologies Inc1.76%
GE Vernova Inc1.73%
Newmont Corp1.70%
Booking Holdings Inc1.61%
Sandisk Corp1.42%
Expedia Group Inc1.00%
Carnival Corp Ltd0.82%
Anglogold Ashanti Plc0.75%
Tenet Healthcare Corp0.71%
Las Vegas Sands Corp0.50%
Zoom Communications Inc0.42%
Incyte Corp0.40%
Tapestry Inc0.38%
SS&C Technologies Holdings Inc0.35%
TechnipFMC PLC0.32%
United Therapeutics Corp0.30%
First Solar Inc0.29%
Coeur Mining Inc.0.17%

Only in IUSV

649 securities, 83.0% of IUSV by weight

Apple7.81%
Amazon.com Inc3.44%
Exxonmobil Holdings Corp2.39%
Walmart1.71%
Costco Wholesale Corp1.39%
Tesla Inc1.33%
Procter & Gamble1.17%
Merck & Co Inc1.15%
UnitedHealth Group1.13%
Home Depot1.02%
Intel Corporation1.01%
Bank of America1.01%
Visa Class A0.98%
JPMorgan Chase & Co0.89%
AbbVie0.87%
Texas Instrument0.85%
Johnson & Johnson0.84%
Thermo Fisher Scientific0.80%
Wells Fargo0.78%
Linde PLC0.74%
Coca-Cola0.66%
Citigroup0.64%
Analog Devices0.63%
Cisco Systems Inc0.60%
Walt Disney0.59%
Pepsico0.58%
Abbott Laboratories0.57%
Union Pacific0.56%
Nextera Energy0.54%
Mastercard Class A0.53%
Deere0.53%
BlackRock0.51%
Ge Aerospace0.47%
Danaher0.45%
Eaton PLC0.45%
Philip Morris International0.44%
Charles Schwab0.44%
Vertex Pharmaceuticals0.44%
Western Digital Corp0.41%
Palo Alto Networks0.41%
Dell Technologies Inc Class C0.40%
Chubb0.40%
Capital One Financial Corp0.39%
Prologis Reit0.38%
Medtronic PLC0.37%
Starbucks Corp0.37%
Automatic Data Processing Inc0.36%
Oracle0.34%
Southern0.33%
Mcdonalds Corp0.32%

Weight gaps

All 82 Holdings in both funds, largest gap first.

Holding weights in COWZ and IUSV, widest gap first
Holding	More in COWZMore in IUSV	COWZ	IUSV
Accenture PLCACN	COWZ +2.18 points	2.67%	0.49%
Marathon Petroleum CorpMPC	COWZ +1.96 points	2.35%	0.39%
Valero Energy CorpVLO	COWZ +1.90 points	2.26%	0.36%
Lockheed Martin CorpLMT	COWZ +1.90 points	2.30%	0.40%
International Business Machines CorpIBM	COWZ +1.80 points	2.16%	0.36%
Gilead Sciences IncGILD	COWZ +1.77 points	2.07%	0.30%
Altria Group IncMO	COWZ +1.76 points	2.16%	0.40%
Intuit IncINTU	COWZ +1.72 points	1.85%	0.13%
ConocoPhillipsCOP	COWZ +1.68 points	2.25%	0.57%
Adobe IncADBE	COWZ +1.67 points	1.98%	0.31%
CVS Health CorpCVS	COWZ +1.57 points	1.93%	0.36%
Pfizer IncPFE	COWZ +1.57 points	2.11%	0.54%
QUALCOMM IncQCOM	COWZ +1.53 points	2.08%	0.55%
Comcast CorpCMCSA	COWZ +1.45 points	1.71%	0.26%
EOG Resources IncEOG	COWZ +1.46 points	1.73%	0.27%
Bristol-Myers Squibb CoBMY	COWZ +1.44 points	1.84%	0.40%
Diamondback Energy IncFANG	COWZ +1.43 points	1.56%	0.13%
T-Mobile US IncTMUS	COWZ +1.38 points	1.61%	0.23%
Salesforce IncCRM	COWZ +1.34 points	1.92%	0.58%
General Dynamics CorpGD	COWZ +1.31 points	1.45%	0.14%
Phillips 66PSX	COWZ +1.30 points	1.65%	0.35%
Lowe's Cos IncLOW	COWZ +1.22 points	1.58%	0.36%
McKesson CorpMCK	COWZ +1.21 points	1.57%	0.36%
Verizon Communications IncVZ	COWZ +1.20 points	1.78%	0.58%
AT&T IncT	COWZ +1.17 points	1.63%	0.46%
Occidental Petroleum CorpOXY	COWZ +1.18 points	1.32%	0.14%
United Parcel Service IncUPS	COWZ +1.00 points	1.25%	0.25%
Airbnb IncABNB	COWZ +0.96 points	1.07%	0.11%
FedEx CorpFDX	COWZ +0.89 points	1.10%	0.21%
Cardinal Health IncCAH	COWZ +0.88 points	1.06%	0.18%
HP IncHPQ	COWZ +0.85 points	0.93%	0.08%
Hewlett Packard Enterprise CoHPE	COWZ +0.82 points	1.05%	0.23%
Kraft Heinz Co/TheKHC	COWZ +0.81 points	0.88%	0.07%
Honeywell International IncHON	COWZ +0.81 points	1.02%	0.21%
Chevron CorpCVX	COWZ +0.80 points	2.24%	1.44%
EQT CorpEQT	COWZ +0.77 points	0.88%	0.11%
Cencora IncCOR	COWZ +0.74 points	0.94%	0.20%
Target CorpTGT	COWZ +0.74 points	0.96%	0.22%
SLB LtdSLB	COWZ +0.72 points	0.97%	0.25%
Colgate-Palmolive CoCL	COWZ +0.71 points	0.95%	0.24%
Autodesk IncADSK	COWZ +0.68 points	0.75%	0.07%
eBay IncEBAY	COWZ +0.67 points	0.71%	0.04%
DR Horton IncDHI	COWZ +0.65 points	0.77%	0.12%
Kroger Co/TheKR	COWZ +0.64 points	0.76%	0.12%
Workday IncWDAY	COWZ +0.64 points	0.71%	0.07%
Delta Air Lines IncDAL	COWZ +0.61 points	0.76%	0.15%
Cognizant Technology Solutions CorpCTSH	COWZ +0.59 points	0.68%	0.09%
HF Sinclair CorpDINO	COWZ +0.56 points	0.62%	0.06%
Biogen IncBIIB	COWZ +0.54 points	0.66%	0.12%
Ovintiv IncOVV	COWZ +0.52 points	0.58%	0.06%
Roper Technologies IncROP	COWZ +0.50 points	0.64%	0.14%
Omnicom Group IncOMC	COWZ +0.48 points	0.55%	0.07%
L3Harris Technologies IncLHX	COWZ +0.49 points	0.65%	0.16%
Zoetis IncZTS	COWZ +0.49 points	0.59%	0.10%
Expand Energy CorpEXE	COWZ +0.49 points	0.55%	0.06%
Baker Hughes CoBKR	COWZ +0.47 points	0.64%	0.17%
Hershey Co/TheHSY	COWZ +0.41 points	0.49%	0.07%
United Airlines Holdings IncUAL	COWZ +0.41 points	0.52%	0.10%
Constellation Brands IncSTZ	COWZ +0.40 points	0.46%	0.06%
Paychex IncPAYX	COWZ +0.40 points	0.51%	0.11%
Best Buy Co IncBBY	COWZ +0.39 points	0.45%	0.06%
Viatris IncVTRS	COWZ +0.38 points	0.45%	0.07%
Dollar General CorpDG	COWZ +0.37 points	0.46%	0.09%
ResMed IncRMD	COWZ +0.37 points	0.42%	0.05%
Dollar Tree IncDLTR	COWZ +0.36 points	0.44%	0.08%
CF Industries Holdings IncCF	COWZ +0.34 points	0.40%	0.06%
Otis Worldwide CorpOTIS	COWZ +0.33 points	0.42%	0.09%
LyondellBasell Industries NVLYB	COWZ +0.33 points	0.38%	0.05%
NetApp IncNTAP	COWZ +0.32 points	0.44%	0.12%
Halliburton CoHAL	COWZ +0.29 points	0.38%	0.09%
General Mills IncGIS	COWZ +0.28 points	0.34%	0.06%
PulteGroup IncPHM	COWZ +0.28 points	0.35%	0.07%
Williams-Sonoma IncWSM	COWZ +0.26 points	0.35%	0.09%
ON Semiconductor CorpON	COWZ +0.25 points	0.34%	0.09%
Gen Digital IncGEN	COWZ +0.24 points	0.29%	0.05%
PPG Industries IncPPG	COWZ +0.24 points	0.32%	0.08%
F5 IncFFIV	COWZ +0.20 points	0.26%	0.06%
Permian Resources CorpPR	COWZ +0.20 points	0.27%	0.07%
DuPont de Nemours IncDD	COWZ +0.19 points	0.25%	0.06%
Copart IncCPRT	COWZ +0.19 points	0.27%	0.08%
Snap-on IncSNA	COWZ +0.18 points	0.24%	0.06%
Fortive CorpFTV	COWZ +0.17 points	0.23%	0.06%

All 102 COWZ holdings⁠All 732 IUSV 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.

COWZ vs IUSV Cost

Overpaying COWZ vs IUSV

$8,943

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

COWZ 0.49%
$9,792
IUSV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

COWZ 0.49%
IUSV 0.04%
Overpaying

Year by year

Year	COWZ	IUSV	Overpaying
10	$883	$73	$810
20	$3,394	$288	$3,106
30	$9,792	$849	$8,943

Expense ratio

0.49%COWZ
0.04%IUSV, cheaper

IUSV0.04%COWZ0.49%

0.03%0.80%

Middle half of US Value Index funds
Median 0.20%

IUSV 3rd cheapest of 40 funds

COWZ 32nd cheapest of 40 funds

COWZ vs IUSV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): COWZ 1.91%, better; IUSV 1.63%
Payout (12M): COWZ $1.36; IUSV $1.89
Last payment: COWZ $0.43; IUSV $0.49
Ex-dividend: COWZ Sep 3, 2026; IUSV Sep 15, 2026
Paid on: COWZ Sep 8, 2026; IUSV Sep 18, 2026
Frequency: COWZ Quarterly; IUSV Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

COWZQuarterly · 39 paymentsAll COWZ payments⁠

IUSVQuarterly · 39 paymentsAll IUSV payments⁠

COWZ vs IUSV Risk

Fall from peak · 5 years

COWZ
IUSV

Risk facts

VolatilityStd dev, 3 years: COWZ 14.7%IUSV 11.9%, better
Return per unit of riskSharpe ratio, 3 years: COWZ 0.82IUSV 1.15, better
Worst fallMax drawdown, 5 years: COWZ −22.0%IUSV −17.9%, better
Market sensitivityBeta, 5 years: COWZ 0.74IUSV 0.85; Market = 1

COWZ and IUSV in the news

All news⁠

Category Review
One US value fund returned 68% with Micron at 22.5%. The median returned 22%
Updated Sep 23, 2026COWZIUSV

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COWZ vs IUSV

In short

Stated mandate

Why people hold it

Worth knowing

How COWZ and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in COWZ

Only in IUSV

Weight gaps

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

One US value fund returned 68% with Micron at 22.5%. The median returned 22%

How COWZ and IUSV differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Only in COWZ

Only in IUSV

Weight gaps