PIGFX vs. COWG

Last updated Apr 1, 2026

Compare and contrast key facts about Pioneer Fundamental Growth Fund (PIGFX) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG).

PIGFX is managed by Amundi. It was launched on Aug 22, 2002. 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.

Performance

PIGFX vs. COWG - Performance Comparison

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

PIGFX vs. COWG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PIGFX Pioneer Fundamental Growth Fund	-11.93%	14.20%	17.46%	32.80%	0.92%
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	-3.92%	10.24%	34.99%	20.69%	-0.68%

Returns By Period

In the year-to-date period, PIGFX achieves a -11.93% return, which is significantly lower than COWG's -3.92% return.

PIGFX

• 1D: 0.00%
• 1M: -7.55%
• YTD: -11.93%
• 6M: -10.82%
• 1Y: 5.84%
• 3Y*: 13.09%
• 5Y*: 8.48%
• 10Y*: 12.58%

COWG

• 1D: 0.24%
• 1M: -4.35%
• YTD: -3.92%
• 6M: -7.05%
• 1Y: 9.21%
• 3Y*: 18.49%
• 5Y*: —
• 10Y*: —

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

PIGFX vs. COWG - Expense Ratio Comparison

PIGFX has a 1.00% expense ratio, which is higher than COWG's 0.49% expense ratio.

PIGFX

Pioneer Fundamental Growth Fund

COWG

Pacer US Large Cap Cash Cows Growth Leaders ETF

Return for Risk

PIGFX vs. COWG — Risk / Return Rank

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

PIGFX

PIGFX Risk / Return Rank: 12
PIGFX Sharpe Ratio Rank: 13
PIGFX Sortino Ratio Rank: 13
PIGFX Omega Ratio Rank: 14
PIGFX Calmar Ratio Rank: 11
PIGFX Martin Ratio Rank: 11

COWG

COWG Risk / Return Rank: 26
COWG Sharpe Ratio Rank: 23
COWG Sortino Ratio Rank: 24
COWG Omega Ratio Rank: 24
COWG Calmar Ratio Rank: 31
COWG Martin Ratio Rank: 29

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.

PIGFX vs. COWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Fundamental Growth Fund (PIGFX) 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.

	PIGFX	COWG	Difference
Sharpe ratio Return per unit of total volatility	0.31	0.41	-0.10
Sortino ratio Return per unit of downside risk	0.58	0.74	-0.16
Omega ratio Gain probability vs. loss probability	1.08	1.10	-0.02
Calmar ratio Return relative to maximum drawdown	0.26	0.79	-0.52
Martin ratio Return relative to average drawdown	0.86	2.55	-1.70
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PIGFX vs. COWG - Sharpe Ratio Comparison

The current PIGFX Sharpe Ratio is 0.31, which is comparable to the COWG Sharpe Ratio of 0.41. The chart below compares the historical Sharpe Ratios of PIGFX 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

	PIGFX	COWG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	0.41	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.93	-0.44

Correlation

The correlation between PIGFX and COWG is 0.85, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PIGFX vs. COWG - Dividend Comparison

PIGFX's dividend yield for the trailing twelve months is around 21.78%, more than COWG's 0.35% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PIGFX Pioneer Fundamental Growth Fund	21.78%	19.18%	5.75%	3.41%	4.39%	20.14%	9.08%	5.43%	6.07%	4.66%	2.19%	4.40%
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	0.35%	0.32%	0.40%	0.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PIGFX vs. COWG - Drawdown Comparison

The maximum PIGFX drawdown since its inception was -44.04%, which is greater than COWG's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for PIGFX and COWG.

Drawdown Indicators

	PIGFX	COWG	Difference
Max Drawdown Largest peak-to-trough decline	-44.04%	-23.60%	-20.44%
Max Drawdown (1Y) Largest decline over 1 year	-14.55%	-12.96%	-1.59%
Max Drawdown (5Y) Largest decline over 5 years	-27.12%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.47%	—	—
Current Drawdown Current decline from peak	-14.32%	-7.98%	-6.34%
Average Drawdown Average peak-to-trough decline	-6.40%	-3.36%	-3.04%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.47%	4.00%	+0.47%

Volatility

PIGFX vs. COWG - Volatility Comparison

The current volatility for Pioneer Fundamental Growth Fund (PIGFX) is 4.97%, while Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) has a volatility of 5.87%. This indicates that PIGFX 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

	PIGFX	COWG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	5.87%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	10.71%	13.24%	-2.53%
Volatility (1Y) Calculated over the trailing 1-year period	20.89%	22.50%	-1.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.65%	19.32%	-0.67%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.82%	19.32%	-0.50%