- ISIN
- US69374H3600
- Issuer
- Pacer
- Inception Date
- Dec 21, 2022
- Region
- North America (U.S.)
- Category
- Mid Cap Growth Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Pacer US Large Cap Cash Cows Growth Leaders Index
- Domicile
- United States
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Mid-Cap
- Asset Class Style
- Growth
- Assets Under Management
- $2B
Share Price Chart
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Performance
COWG Performance Chart
Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is up 10.6% since the beginning of the year. COWG is currently trading at $39 per share.
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Returns By Period
Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) has returned 10.61% so far this year and 14.12% over the past 12 months.
Pacer US Large Cap Cash Cows Growth Leaders ETF
- 1D
- 0.08%
- 1M
- 1.71%
- YTD
- 10.61%
- 6M
- 8.49%
- 1Y
- 14.12%
- 3Y*
- 23.78%
- 5Y*
- —
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
COWG Monthly Returns History
Based on dividend-adjusted daily data since Dec 22, 2022, COWG's average daily return is +0.09%, while the average monthly return is +1.69%. At this rate, an investment would double in approximately 3.4 years.
Historically, 65% of months were positive and 35% were negative. The best month was Nov 2024 with a return of +13.2%, while the worst month was Mar 2025 at -6.8%. The longest winning streak lasted 5 consecutive months, and the longest losing streak was 3 months.
On a daily basis, COWG closed higher 55% of trading days. The best single day was Apr 9, 2025 with a return of +10.3%, while the worst single day was Apr 4, 2025 at -7.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.31% | -0.06% | -4.39% | 7.71% | 7.03% | 0.10% | 10.61% | ||||||
| 2025 | 5.74% | -2.45% | -6.82% | 3.12% | 8.54% | 1.91% | -0.63% | 0.57% | 3.56% | 0.72% | -4.27% | 0.78% | 10.24% |
| 2024 | 1.51% | 4.88% | 2.54% | -5.46% | 5.41% | 4.87% | -0.55% | 3.37% | 3.05% | 3.34% | 13.20% | -4.53% | 34.99% |
| 2023 | 3.61% | -2.54% | 2.72% | -2.48% | 1.00% | 6.24% | 5.37% | -0.86% | -4.67% | -3.56% | 9.92% | 5.32% | 20.69% |
| 2022 | -0.68% | -0.68% |
Benchmark Metrics
Pacer US Large Cap Cash Cows Growth Leaders ETF has an annualized alpha of -1.86%, beta of 1.16, and R2 of 0.82 versus S&P 500 Index. Calculated based on daily prices since December 22, 2022.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (95.04%) than losses (84.07%) - typical of diversified or defensive assets.
- Alpha
- -1.86%
- Beta
- 1.16
- R²
- 0.82
- Upside Capture
- 95.04%
- Downside Capture
- 84.07%
Expense Ratio
COWG has an expense ratio of 0.49%, placing it in the medium range.
Return for Risk
Risk / Return Rank
COWG ranks 25 for risk / return — below 25% of ETFs on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| COWG | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.19 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.15 | 1.37 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 2.78 | -1.47 |
| Martin ratioReturn relative to average drawdown | 3.82 | 12.44 | -8.62 |
Dividends
Dividend History
Pacer US Large Cap Cash Cows Growth Leaders ETF provided a 0.36% dividend yield over the last twelve months, with an annual payout of $0.14 per share.
| Period | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Dividend | $0.14 | $0.11 | $0.13 | $0.11 |
Dividend yield | 0.36% | 0.32% | 0.40% | 0.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Pacer US Large Cap Cash Cows Growth Leaders ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.03 | $0.04 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.01 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.06 | $0.11 |
| 2024 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.13 |
| 2023 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.04 | $0.11 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pacer US Large Cap Cash Cows Growth Leaders ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pacer US Large Cap Cash Cows Growth Leaders ETF was 23.60%, occurring on Apr 8, 2025. Recovery took 107 trading sessions.
The current Pacer US Large Cap Cash Cows Growth Leaders ETF drawdown is 1.68%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -23.60%Apr 2025 | 1mo 18d | 5mo 6d | 6mo 24dFeb 2025 - Sep 2025 |
2024 correction2024 | -11.11%Aug 2024 | 19d | 1mo 15d | 2mo 4dJul 2024 - Sep 2024 |
2026 correction2026 | -10.79%Mar 2026 | 5mo 22d | 1mo 6d | 6mo 28dOct 2025 - May 2026 |
2023 pullback2023 | -9.95%Oct 2023 | 2mo 27d | 28d | 3mo 25dAug 2023 - Nov 2023 |
2023 pullback2023 | -7.79%Mar 2023 | 1mo 10d | 2mo 29d | 4mo 9dFeb 2023 - Jun 2023 |
Drawdown Indicators
| COWG | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.60% | -56.78% | +33.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -9.10% | -1.69% |
Max Drawdown (3Y)Largest decline over 3 years | -23.60% | -18.90% | -4.70% |
Max Drawdown (5Y)Largest decline over 5 years | — | -25.43% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.68% | -1.80% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -10.71% | +7.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.03% | +1.68% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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