COWG vs FMDE: Differences, Returns & Fees
COWG and FMDE hold 11% of their weight in the same names, and FMDE returned +17.2% over the year. Net assets: $2.4bn on Oct 2, 2026 for Pacer US Large Cap Cash Cows Growth Leaders ETF, and $8.1bn on Sep 30, 2026 for Fidelity Enhanced Mid Cap Core ETF.
FMDE costs 0.26 points a year less; their one-year returns differ by 5.0 points.
| COWG | FMDE | |
|---|---|---|
| Expense ratio | 0.49% | 0.23% |
| Net assets, COWG as of Oct 2, 2026 and FMDE as of Sep 30, 2026 | $2.4bn | $8.1bn |
| Total return, 1 year | +12.2% | +17.2% |
| What it tracks | Pacer US Large Cap Cash Cows Growth Leaders Index | No index, actively managed |
| Holdings in common | 11% | |
| Top ten holdings, share of the fund | 28.4% | 9.8% |
| Below its high | 3.5%, high on Oct 9, 2026 | 3.1%, high on Aug 14, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.
COWG and FMDE are built for the same job. How do they differ in cost, holdings and results?
- What each follows. COWG follows Pacer US Large Cap Cash Cows Growth Leaders Index and FMDE follows No index, actively managed.
- Holdings in common. 11% of the weight is in the same securities (holdings dated Jul 31, 2026 and Jun 30, 2026).
- One-year total return. Over 1 year to Oct 20, 2026 COWG returned +12.2% and FMDE +17.2% with distributions reinvested, a gap of 5.0 points.
Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.
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What they hold in common
By the books each fund has filed, COWG and FMDE hold 11% of their money in the same securities at the same weight. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
11% in common
On the same fields
COWG and FMDE on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.
About COWG
COWG tracks an index. The prospectus expense ratio is 0.49% a year. By its holdings filed for Jul 31, 2026, 65% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 28.4%. It sat 3.5% below its high of Oct 9, 2026 on Oct 20, 2026.
Over the year to Oct 20, 2026 it returned +12.2% with distributions reinvested, against +15.1% for its benchmark, the Russell 1000 Index.
About FMDE
FMDE is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +17.2% with distributions reinvested. The prospectus expense ratio is 0.23% a year. By its holdings filed for Jun 30, 2026, 60% of the fund by weight is stocks the S&P 500 also holds, across 421 positions, with the top ten at 9.8%. It sat 3.1% below its high of Aug 14, 2026 on Oct 20, 2026.
Questions people ask
- Which returned more over the last year, COWG or FMDE?
- In the year to Oct 20, 2026, with distributions reinvested, COWG returned +12.2% and FMDE +17.2%.
- Which is cheaper, COWG or FMDE?
- FMDE is cheaper, by 0.26 percentage points a year. That is about $26 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.
How this is computed
Overlap adds up the smaller of the two weights for each security both funds hold.
Cite this pageCitation, APA and Markdown
ETFIQ, COWG against FMDE, data as of Oct 20, 2026. https://etfiq.com/compare/any/cowg-vs-fmde
ETFIQ. (Oct 20, 2026). COWG against FMDE. Retrieved from https://etfiq.com/compare/any/cowg-vs-fmde
[COWG against FMDE (ETFIQ, Oct 20, 2026)](https://etfiq.com/compare/any/cowg-vs-fmde)
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