COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF
COWG tracks a price momentum-weighted index of 100 large-cap US companies that exhibit the highest growth characteristics.
US
EQUITY
Active
MANAGEMENT STYLE
360.6 M
ASSETS UNDER MGMT
49 bp
EXPENSES
Fund Basics
| Fund sponsor | Pacer Advisors |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 21, 2022 |
| Assets (mns) | $361 |
| Expense ratio | 49 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Momentum |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| APPLOVIN CORP. CLASS A | 7.4 % |
| UBIQUITI INC. | 4.3 % |
| TEXAS PACIFIC LAND CORPORATION | 4.2 % |
| NVIDIA CORP | 2.8 % |
| PALANTIR TECHNOLOGIES INC. CLASS A | 2.6 % |
| UNITED THERAPEUTICS CORP | 2.4 % |
| GODADDY, INC. CLASS A | 2.3 % |
| DT MIDSTREAM, INC. | 2.1 % |
| FAIR ISAAC CORP | 2.0 % |
| DOXIMITY, INC. CLASS A | 1.8 % |
Constituent Breakdown
| Number of holdings | 100 |
| Herfindahl-Hirschman Index | 196 |
| Wgt avg mkt cap (mns) | $165,227 |
| Large cap (>$10bn) | 78.4% |
| Mid cap ($2-10bn) | 19.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 97.2 % |
 |
SWITZERLAND | 1.7 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 24.8% | 44.5% | -- | -- | -- | -- | 27.2% | Volatility | 17.2% | 16.8% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.04 | 83% |
| MSCI EAFE | 0.64 | 43% |
| MSCI Emg Mkts | 0.74 | 49% |
Liquidity Measures
| Avg. volume (000) | 183 |
| Turnover | 1.6% |
| Avg. Bid/Ask (% of price) | 0.18% |
| ADV of underlying (mns) | $104,053 |
Technical Indicators
| Recent close | $31.91 |
| 30d moving avg. | $29.28 |
| Annualized volatility | 13.8% |
| Relative strength (RSI) | 60 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. COWG |
Expenses vs. COWG |
ALTAR Score™ vs. COWG |
|---|---|---|---|---|
| DFNV | Donoghue Forlines Innovation ETF | 31.0% | +20 bp | +0.2% |
| FXL | First Trust Technology AlphaDEX Fund | 28.3% | +12 bp | +0.7% |
| RSPT | Invesco S&P 500 Equal Weight Technology ETF | 28.2% | -9 bp | +1.2% |
| JQUA | JPMorgan U.S. Quality Factor ETF | 26.9% | -37 bp | +1.3% |
| TTAC | FCF US Quality ETF | 25.2% | +10 bp | +1.8% |
| RPG | Invesco S&P 500 Pure Growth ETF | 23.9% | -14 bp | -1.0% |
| QQQG | Pacer Nasdaq 100 Top 50 Cash Cows Growth Leaders ETF | 23.6% | 0 bp | +0.6% |
| IGM | iShares Expanded Tech Sector ETF | 23.5% | -8 bp | -0.1% |
| IYW | iShares U.S. Technology ETF | 22.9% | -9 bp | 0.0% |
| FCTR | First Trust Lunt U.S. Factor Rotation ETF | 22.8% | +16 bp | -1.8% |
Risk and Returns: COWG vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
COWG
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
UNDERWEIGHT
Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.
ALTAR Score™
COWG
4.5%
Cat. Avg
5.5%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.5% and a standard deviation of
2.4%. COWG's ALTAR Score™ is approximately
0.4 standard deviations
below
the category average. This places COWG in the 35th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
COWGSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Active US Equity ETFs |
| # of ETFs | 308 |
| Avg. Expense Ratio | 67.1 bp |
| Std. Deviation | 37 bp |
| COWG (49 bp) Percentile rank | 33 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| COWG | 49.0 | 17.9 | 66.9 |
| Peer Avg. | 56.8 | 23.7 | 80.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .