COWG vs. PINDX

Last updated Jun 25, 2026

COWG (Pacer US Large Cap Cash Cows Growth Leaders ETF) and PINDX (Pioneer Disciplined Growth Fund) are both funds - COWG is a Mid Cap Growth Equities fund tracking the Pacer US Large Cap Cash Cows Growth Leaders Index, while PINDX is a Large Cap Growth Equities fund managed by Amundi. Over the past 3 years, COWG returned 22.52%/yr vs 19.29%/yr for PINDX. Their correlation of 0.88 suggests significant overlap in exposure. COWG charges 0.49%/yr vs 1.05%/yr for PINDX.

Performance

COWG vs. PINDX - Performance Comparison

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

Returns By Period

In the year-to-date period, COWG achieves a 7.28% return, which is significantly higher than PINDX's 5.70% return.

COWG

• 1D: -0.45%
• 1M: -1.35%
• YTD: 7.28%
• 6M: 5.34%
• 1Y: 8.75%
• 3Y*: 22.52%
• 5Y*: —
• 10Y*: —

PINDX

• 1D: -2.05%
• 1M: -3.11%
• YTD: 5.70%
• 6M: 4.66%
• 1Y: 20.07%
• 3Y*: 19.29%
• 5Y*: 11.68%
• 10Y*: 16.41%

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

COWG vs. PINDX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	7.28%	10.24%	34.99%	20.69%	-0.68%
PINDX Pioneer Disciplined Growth Fund	5.70%	21.16%	19.33%	28.67%	-0.93%

Correlation

The correlation between COWG and PINDX is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.84
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Dec 22, 2022	0.88

The correlation between COWG and PINDX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

Return for Risk

COWG vs. PINDX — Risk / Return Rank

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

COWG

COWG Risk / Return Rank: 18
COWG Sharpe Ratio Rank: 17
COWG Sortino Ratio Rank: 16
COWG Omega Ratio Rank: 16
COWG Calmar Ratio Rank: 20
COWG Martin Ratio Rank: 21

PINDX

PINDX Risk / Return Rank: 24
PINDX Sharpe Ratio Rank: 26
PINDX Sortino Ratio Rank: 24
PINDX Omega Ratio Rank: 24
PINDX Calmar Ratio Rank: 22
PINDX Martin Ratio Rank: 24

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.

COWG vs. PINDX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) and Pioneer Disciplined Growth Fund (PINDX). 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.

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	PINDX	Difference
Sharpe ratio: Return per unit of total volatility	0.52	1.30	-0.78
Sortino ratio: Return per unit of downside risk	0.81	1.83	-1.02
Omega ratio: Gain probability vs. loss probability	1.10	1.23	-0.13
Calmar ratio: Return relative to maximum drawdown	0.81	1.55	-0.73
Martin ratio: Return relative to average drawdown	2.35	5.17	-2.82

COWG vs. PINDX - Sharpe Ratio Comparison

The current COWG Sharpe Ratio is 0.52, which is lower than the PINDX Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of COWG and PINDX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

COWG vs. PINDX - Drawdown Comparison

The maximum COWG drawdown since its inception was -23.60%, smaller than the maximum PINDX drawdown of -52.37%. Use the drawdown chart below to compare losses from any high point for COWG and PINDX.

Drawdown Indicators

	COWG	PINDX	Difference
Max Drawdown Largest peak-to-trough decline	-23.60%	-52.37%	+28.77%
Max Drawdown (1Y) Largest decline over 1 year	-10.79%	-14.64%	+3.85%
Max Drawdown (3Y) Largest decline over 3 years	-23.60%	-23.52%	-0.08%
Max Drawdown (5Y) Largest decline over 5 years	—	-28.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.82%	—
Current Drawdown Current decline from peak	-4.64%	-5.83%	+1.19%
Average Drawdown Average peak-to-trough decline	-3.27%	-11.46%	+8.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.73%	4.38%	-0.65%

Volatility

COWG vs. PINDX - Volatility Comparison

Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) has a higher volatility of 7.09% compared to Pioneer Disciplined Growth Fund (PINDX) at 6.50%. This indicates that COWG's price experiences larger fluctuations and is considered to be riskier than PINDX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	COWG	PINDX	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.09%	6.50%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	13.18%	13.42%	-0.24%
Volatility (1Y) Calculated over the trailing 1-year period	17.02%	17.47%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.26%	19.91%	-0.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	19.60%	-0.34%

COWG vs. PINDX - Expense Ratio Comparison

COWG has a 0.49% expense ratio, which is lower than PINDX's 1.05% expense ratio.

Dividends

COWG vs. PINDX - Dividend Comparison

COWG's dividend yield for the trailing twelve months is around 0.38%, less than PINDX's 4.27% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	0.38%	0.32%	0.40%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PINDX Pioneer Disciplined Growth Fund	4.27%	4.51%	6.34%	0.17%	7.23%	33.14%	27.35%	5.20%	26.83%	12.86%	8.57%	6.14%

Frequently Asked Questions

Can I hold both COWG and PINDX in my portfolio?

COWG and PINDX have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, COWG or PINDX?

COWG has higher volatility (7.09%) compared to PINDX (6.50%). In terms of maximum drawdown, COWG dropped -23.60% vs PINDX's -52.37%.

Which has better risk-adjusted returns?

PINDX currently has the higher Sharpe Ratio (1.30 vs 0.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.