ALTL vs. COWG

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer Lunt Large Cap Alternator ETF (ALTL) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG).

ALTL and COWG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTL is a passively managed fund by Pacer that tracks the performance of the Lunt Capital US Large Cap Equity Rotation Index. It was launched on Jun 24, 2020. COWG is a passively managed fund by Pacer that tracks the performance of the Pacer US Large Cap Cash Cows Growth Leaders Index. It was launched on Dec 21, 2022. Both ALTL and COWG are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ALTL vs. COWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Lunt Large Cap Alternator ETF (ALTL) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG). The values are adjusted to include any dividend payments, if applicable.

ALTL vs. COWG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ALTL Pacer Lunt Large Cap Alternator ETF	2.39%	16.61%	12.30%	-15.85%	0.10%
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	-4.15%	10.24%	34.99%	20.69%	-0.68%

Returns By Period

In the year-to-date period, ALTL achieves a 2.39% return, which is significantly higher than COWG's -4.15% return.

ALTL

• 1D: 0.37%
• 1M: -5.36%
• YTD: 2.39%
• 6M: 4.18%
• 1Y: 27.47%
• 3Y*: 6.25%
• 5Y*: 3.27%
• 10Y*: —

COWG

• 1D: 2.89%
• 1M: -4.39%
• YTD: -4.15%
• 6M: -6.87%
• 1Y: 9.94%
• 3Y*: 18.40%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ALTL vs. COWG - Expense Ratio Comparison

ALTL has a 0.60% expense ratio, which is higher than COWG's 0.49% expense ratio.

ALTL

Pacer Lunt Large Cap Alternator ETF

COWG

Pacer US Large Cap Cash Cows Growth Leaders ETF

Return for Risk

ALTL vs. COWG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ALTL

ALTL Risk / Return Rank: 82
ALTL Sharpe Ratio Rank: 79
ALTL Sortino Ratio Rank: 79
ALTL Omega Ratio Rank: 75
ALTL Calmar Ratio Rank: 89
ALTL Martin Ratio Rank: 87

COWG

COWG Risk / Return Rank: 29
COWG Sharpe Ratio Rank: 27
COWG Sortino Ratio Rank: 28
COWG Omega Ratio Rank: 28
COWG Calmar Ratio Rank: 32
COWG Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ALTL vs. COWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Alternator ETF (ALTL) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ALTL	COWG	Difference
Sharpe ratio Return per unit of total volatility	1.49	0.44	+1.04
Sortino ratio Return per unit of downside risk	2.03	0.78	+1.24
Omega ratio Gain probability vs. loss probability	1.28	1.11	+0.17
Calmar ratio Return relative to maximum drawdown	2.98	0.75	+2.23
Martin ratio Return relative to average drawdown	10.34	2.44	+7.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ALTL vs. COWG - Sharpe Ratio Comparison

The current ALTL Sharpe Ratio is 1.49, which is higher than the COWG Sharpe Ratio of 0.44. The chart below compares the historical Sharpe Ratios of ALTL and COWG, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ALTL	COWG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.49	0.44	+1.04
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.18	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.93	-0.31

Correlation

The correlation between ALTL and COWG is 0.60, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ALTL vs. COWG - Dividend Comparison

ALTL's dividend yield for the trailing twelve months is around 1.07%, more than COWG's 0.35% yield.

	TTM	2025	2024	2023	2022	2021	2020
ALTL Pacer Lunt Large Cap Alternator ETF	1.07%	0.95%	1.56%	1.28%	1.23%	1.06%	0.75%
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	0.35%	0.32%	0.40%	0.47%	0.00%	0.00%	0.00%

Drawdowns

ALTL vs. COWG - Drawdown Comparison

The maximum ALTL drawdown since its inception was -31.91%, which is greater than COWG's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for ALTL and COWG.

Drawdown Indicators

	ALTL	COWG	Difference
Max Drawdown Largest peak-to-trough decline	-31.91%	-23.60%	-8.31%
Max Drawdown (1Y) Largest decline over 1 year	-9.79%	-12.96%	+3.17%
Max Drawdown (5Y) Largest decline over 5 years	-31.91%	—	—
Current Drawdown Current decline from peak	-5.43%	-8.21%	+2.78%
Average Drawdown Average peak-to-trough decline	-11.85%	-3.35%	-8.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.82%	3.96%	-1.14%

Volatility

ALTL vs. COWG - Volatility Comparison

The current volatility for Pacer Lunt Large Cap Alternator ETF (ALTL) is 2.97%, while Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) has a volatility of 6.09%. This indicates that ALTL experiences smaller price fluctuations and is considered to be less risky than COWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ALTL	COWG	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.97%	6.09%	-3.12%
Volatility (6M) Calculated over the trailing 6-month period	13.20%	13.24%	-0.04%
Volatility (1Y) Calculated over the trailing 1-year period	18.61%	22.50%	-3.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.23%	19.34%	-1.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.11%	19.34%	+0.77%