PTNQ vs. COWG

Last updated Jun 5, 2026

PTNQ (Pacer Trendpilot 100 ETF) and COWG (Pacer US Large Cap Cash Cows Growth Leaders ETF) are both exchange-traded funds - PTNQ is a Large Cap Blend Equities fund tracking the Pacer NASDAQ-100 Trendpilot Index, while COWG is a Mid Cap Growth Equities fund tracking the Pacer US Large Cap Cash Cows Growth Leaders Index. Both are passively managed. Over the past 3 years, PTNQ returned 15.29%/yr vs 24.56%/yr for COWG. Their correlation of 0.80 suggests significant overlap in exposure. PTNQ charges 0.65%/yr vs 0.49%/yr for COWG.

Performance

PTNQ vs. COWG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot 100 ETF (PTNQ) and Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTNQ achieves a 13.51% return, which is significantly higher than COWG's 12.42% return.

PTNQ

• 1D: -0.52%
• 1M: 8.66%
• YTD: 13.51%
• 6M: 12.12%
• 1Y: 31.85%
• 3Y*: 15.29%
• 5Y*: 11.75%
• 10Y*: 16.14%

COWG

• 1D: -0.07%
• 1M: 7.01%
• YTD: 12.42%
• 6M: 12.40%
• 1Y: 13.09%
• 3Y*: 24.56%
• 5Y*: —
• 10Y*: —

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

PTNQ vs. COWG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PTNQ Pacer Trendpilot 100 ETF	13.51%	7.18%	15.47%	34.65%	0.08%
COWG Pacer US Large Cap Cash Cows Growth Leaders ETF	12.42%	10.24%	34.99%	20.69%	-0.68%

Correlation

The correlation between PTNQ and COWG 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	0.79
Correlation (All Time) Calculated using the full available price history since Dec 23, 2022	0.80

The correlation between PTNQ and COWG has been stable across timeframes, ranging from 0.79 to 0.84 - a consistent structural relationship.

PTNQ vs. COWG - Sectors Allocation Comparison

Sectors	PTNQ	COWG
Technology	53.2%	48.5%
Communication Services	16.1%	5.2%
Consumer Cyclical	12.9%	3.2%
Healthcare	5.3%	21.0%
Consumer Defensive	4.8%	2.0%
Industrials	4.3%	3.6%
Utilities	1.4%	1.5%
Basic Materials	1.1%	6.5%
Energy	0.5%	8.4%
Financial Services	0.3%	-
Real Estate	0.1%	-

Return for Risk

PTNQ vs. COWG — Risk / Return Rank

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

PTNQ

PTNQ Risk / Return Rank: 58
PTNQ Sharpe Ratio Rank: 63
PTNQ Sortino Ratio Rank: 58
PTNQ Omega Ratio Rank: 58
PTNQ Calmar Ratio Rank: 56
PTNQ Martin Ratio Rank: 54

COWG

COWG Risk / Return Rank: 25
COWG Sharpe Ratio Rank: 24
COWG Sortino Ratio Rank: 24
COWG Omega Ratio Rank: 23
COWG Calmar Ratio Rank: 26
COWG Martin Ratio Rank: 27

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.

PTNQ vs. COWG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot 100 ETF (PTNQ) 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.

	PTNQ	COWG	Difference
Sharpe ratio: Return per unit of total volatility	2.06	0.82	+1.23
Sortino ratio: Return per unit of downside risk	2.72	1.22	+1.50
Omega ratio: Gain probability vs. loss probability	1.35	1.15	+0.20
Calmar ratio: Return relative to maximum drawdown	2.72	1.22	+1.50
Martin ratio: Return relative to average drawdown	9.24	3.57	+5.67
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTNQ vs. COWG - Sharpe Ratio Comparison

The current PTNQ Sharpe Ratio is 2.06, which is higher than the COWG Sharpe Ratio of 0.82. The chart below compares the historical Sharpe Ratios of PTNQ and COWG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PTNQ	COWG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.06	0.82	+1.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.99	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.81	1.18	-0.38

Drawdowns

PTNQ vs. COWG - Drawdown Comparison

The maximum PTNQ drawdown since its inception was -28.07%, which is greater than COWG's maximum drawdown of -23.60%. Use the drawdown chart below to compare losses from any high point for PTNQ and COWG.

Drawdown Indicators

	PTNQ	COWG	Difference
Max Drawdown Largest peak-to-trough decline	-28.07%	-23.60%	-4.47%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	-10.79%	-0.97%
Max Drawdown (3Y) Largest decline over 3 years	-14.19%	-23.60%	+9.41%
Max Drawdown (5Y) Largest decline over 5 years	-18.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.07%	—	—
Current Drawdown Current decline from peak	-0.72%	-0.07%	-0.65%
Average Drawdown Average peak-to-trough decline	-5.69%	-3.28%	-2.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.46%	3.67%	-0.21%

Volatility

PTNQ vs. COWG - Volatility Comparison

Pacer Trendpilot 100 ETF (PTNQ) has a higher volatility of 4.64% compared to Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) at 3.63%. This indicates that PTNQ's price experiences larger fluctuations and is considered to be riskier than COWG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTNQ	COWG	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.64%	3.63%	+1.01%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	12.01%	-0.54%
Volatility (1Y) Calculated over the trailing 1-year period	15.56%	15.94%	-0.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.89%	19.09%	-6.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.37%	19.09%	-2.72%

PTNQ vs. COWG - Expense Ratio Comparison

PTNQ has a 0.65% expense ratio, which is higher than COWG's 0.49% expense ratio.

Dividends

PTNQ vs. COWG - Dividend Comparison

PTNQ's dividend yield for the trailing twelve months is around 0.78%, more than COWG's 0.38% 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%
PTNQ Pacer Trendpilot 100 ETF	0.78%	0.88%	1.96%	1.47%	0.62%	0.00%	0.16%	0.44%	0.45%	0.32%	0.30%	0.22%

Frequently Asked Questions

Can I hold both PTNQ and COWG in my portfolio?

PTNQ and COWG 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, PTNQ or COWG?

PTNQ has higher volatility (4.64%) compared to COWG (3.63%). In terms of maximum drawdown, PTNQ dropped -28.07% vs COWG's -23.60%.

Which ETF is better, PTNQ or COWG?

On 3-year performance, COWG leads with 24.56% vs 15.29% for PTNQ. On fees, COWG is cheaper at 0.49% per year. On volatility, COWG has been the lower-risk option at 3.63%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTNQ or COWG?

Over the 3-year period, COWG has performed better with a 24.56% return vs 15.29%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTNQ or COWG?

COWG is cheaper with a 0.49% expense ratio, compared with 0.65% for PTNQ.

Which ETF pays a higher dividend yield, PTNQ or COWG?

PTNQ has the higher dividend yield at 0.78%, compared with 0.38% for COWG.

What is the main difference between PTNQ and COWG?

PTNQ is categorized as Large Cap Blend Equities, while COWG is Mid Cap Growth Equities. PTNQ tracks Pacer NASDAQ-100 Trendpilot Index, while COWG tracks Pacer US Large Cap Cash Cows Growth Leaders Index. Their fees differ too: 0.65% for PTNQ and 0.49% for COWG.

Which has better risk-adjusted returns?

PTNQ currently has the higher Sharpe Ratio (2.06 vs 0.82), 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.