- Issuer
- Pacer
- Inception Date
- May 3, 2019
- Region
- Developed Markets (Broad)
- Category
- Global Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- Pacer Cash Cows Fund of Funds Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Multi-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $98M
Share Price Chart
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Performance
HERD Performance Chart
Pacer Cash Cows Fund of Funds ETF (HERD) is up 10.6% since the beginning of the year. HERD is currently trading at $48 per share. Investors who bought $1,000 worth of HERD shares 5 years ago would now be looking at an investment worth $1,585.
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Returns By Period
Pacer Cash Cows Fund of Funds ETF (HERD) has returned 10.58% so far this year and 25.48% over the past 12 months.
Pacer Cash Cows Fund of Funds ETF
- 1D
- -0.40%
- 1M
- 2.05%
- YTD
- 10.58%
- 6M
- 10.83%
- 1Y
- 25.48%
- 3Y*
- 15.34%
- 5Y*
- 9.65%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.57%
- 1M
- 1.39%
- YTD
- 9.73%
- 6M
- 10.46%
- 1Y
- 24.50%
- 3Y*
- 19.43%
- 5Y*
- 12.21%
- 10Y*
- 13.75%
HERD Monthly Returns History
Based on dividend-adjusted daily data since May 7, 2019, HERD's average daily return is +0.06%, while the average monthly return is +1.12%. At this rate, an investment would double in approximately 5.2 years.
Historically, 63% of months were positive and 37% were negative. The best month was Nov 2020 with a return of +16.2%, while the worst month was Mar 2020 at -15.5%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, HERD closed higher 44% of trading days. The best single day was Mar 24, 2020 with a return of +9.8%, while the worst single day was Mar 12, 2020 at -15.0%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 3.97% | 5.01% | -3.59% | 3.64% | 2.27% | -0.90% | 10.58% | ||||||
| 2025 | 2.60% | -1.43% | -2.02% | -1.39% | 4.76% | 3.35% | 0.83% | 5.35% | 0.56% | 1.30% | 2.15% | 1.81% | 19.07% |
| 2024 | -3.52% | 3.68% | 4.45% | -4.15% | 3.36% | -3.32% | 5.47% | 0.69% | 1.85% | -3.62% | 4.74% | -5.82% | 2.91% |
| 2023 | 7.59% | -3.13% | 0.52% | -0.01% | -5.31% | 7.88% | 6.18% | -1.83% | -1.38% | -3.64% | 5.25% | 8.22% | 20.72% |
| 2022 | -1.67% | -0.53% | 2.19% | -5.56% | 4.05% | -11.78% | 7.89% | -4.16% | -9.37% | 10.05% | 9.36% | -4.79% | -6.96% |
| 2021 | 3.85% | 5.80% | 4.09% | 4.09% | 3.03% | -0.19% | 0.35% | 2.06% | -1.44% | 0.42% | 0.62% | 2.97% | 28.58% |
Benchmark Metrics
Pacer Cash Cows Fund of Funds ETF has an annualized alpha of 3.38%, beta of 0.70, and R2 of 0.46 versus S&P 500 Index. Calculated based on daily prices since May 07, 2019.
- This ETF participated in 92.01% of S&P 500 Index downside but only 87.34% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.70 may look defensive, but with R2 of 0.46 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.46 means the benchmark explains less than half of this ETF's behavior - treat beta with caution or consider switching to a more representative benchmark.
- Alpha
- 3.38%
- Beta
- 0.70
- R²
- 0.46
- Upside Capture
- 87.34%
- Downside Capture
- 92.01%
Expense Ratio
HERD has an expense ratio of 0.73%, placing it in the medium range.
Return for Risk
Risk / Return Rank
HERD ranks 77 for risk / return — better than 77% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pacer Cash Cows Fund of Funds ETF (HERD) 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.
| HERD | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.51 | 2.71 | +1.80 |
| Martin ratioReturn relative to average drawdown | 15.10 | 12.15 | +2.95 |
Dividends
Dividend History
Pacer Cash Cows Fund of Funds ETF provided a 2.83% dividend yield over the last twelve months, with an annual payout of $1.36 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $1.36 | $1.63 | $0.92 | $0.96 | $0.80 | $0.72 | $0.55 | $0.44 |
Dividend yield | 2.83% | 3.75% | 2.43% | 2.54% | 2.50% | 2.02% | 1.95% | 1.69% |
Monthly Dividends
The table displays the monthly dividend distributions for Pacer Cash Cows Fund of Funds 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 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $1.17 | $1.63 |
| 2024 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.46 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.16 | $0.92 |
| 2023 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.27 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.21 | $0.96 |
| 2022 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | $0.80 |
| 2021 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.28 | $0.00 | $0.00 | $0.27 | $0.72 |
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 Cash Cows Fund of Funds 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 Cash Cows Fund of Funds ETF was 39.41%, occurring on Mar 23, 2020. Recovery took 169 trading sessions.
The current Pacer Cash Cows Fund of Funds ETF drawdown is 1.98%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -39.41%Mar 2020 | 1mo 29d | 8mo 1d | 10moJan 2020 - Nov 2020 |
Bear market2022 | -21.60%Sep 2022 | 7mo 17d | 9mo 20d | 1y 5moFeb 2022 - Jul 2023 |
2025 selloff2025 | -18.90%Apr 2025 | 4mo 6d | 2mo 24d | 7moDec 2024 - Jul 2025 |
2023 pullback2023 | -7.53%Oct 2023 | 2mo 27d | 1mo 17d | 4mo 14dAug 2023 - Dec 2023 |
2019 pullback2019 | -7.25%Aug 2019 | 3mo 22d | 21d | 4mo 13dMay 2019 - Sep 2019 |
Drawdown Indicators
| HERD | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.41% | -56.78% | +17.37% |
Max Drawdown (1Y)Largest decline over 1 year | -5.68% | -9.10% | +3.42% |
Max Drawdown (3Y)Largest decline over 3 years | -18.90% | -18.90% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | -21.60% | -25.43% | +3.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.98% | -1.29% | -0.69% |
Average DrawdownAverage peak-to-trough decline | -4.54% | -10.72% | +6.18% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 2.02% | -0.32% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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