COWG vs IMCG: Differences, Returns & Fees

COWG and IMCG hold 10% of their weight in the same names, and IMCG returned +15.1% over the year. Net assets: $2.4bn on Oct 2, 2026 for Pacer US Large Cap Cash Cows Growth Leaders ETF, and $4.1bn on Oct 20, 2026 for iShares Morningstar Mid-Cap Growth ETF.

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Answers cite the figures on this page.

IMCG costs 0.43 points a year less; their one-year returns differ by 2.9 points; IMCG is 1.7 times larger.

COWG vs IMCG: Differences, Returns & Fees
COWGIMCG
Expense ratio0.49%0.06%
Net assets, as of Oct 2, 2026$2.4bn$4.1bn
Total return, 1 year+12.2%+15.1%
What it tracksPacer US Large Cap Cash Cows Growth Leaders IndexMorningstar US Mid Cap Broad Growth Index
Holdings in common10%
Top ten holdings, share of the fund28.4%12.5%
Below its high3.5%, high on Oct 9, 20265.9%, high on Aug 13, 2026

Holdings in common uses holdings dated Jul 31, 2026 and Oct 19, 2026.

+12.2%
COWG total return, 1 year
+15.1%
IMCG total return, 1 year
0.49%
COWG expense ratio
0.06%
IMCG expense ratio

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Client brief · page 1 of 2Report BR-D6B6154DE4

COWG and IMCG are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. COWG follows Pacer US Large Cap Cash Cows Growth Leaders Index and IMCG follows Morningstar US Mid Cap Broad Growth Index.
  2. Holdings in common. 10% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 19, 2026).
  3. One-year total return. Over 1 year to Oct 20, 2026 COWG returned +12.2% and IMCG +15.1% with distributions reinvested, a gap of 2.9 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 IMCG hold 10% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.

half

10% in common

Positions both hold, largest shared weight first
Holding COWG IMCG
Fortinet Inc 2.36% 1.48%
Datadog Inc 2.05% 1.20%
Airbnb Inc 1.09% 0.98%
Astera Labs Inc 3.03% 0.62%
Veeva Systems Inc 0.54% 0.66%
Autodesk Inc 0.49% 0.71%
IDEXX Laboratories Inc 0.47% 0.58%
Dexcom Inc 1.15% 0.45%
VeriSign Inc 0.93% 0.35%
Reddit Inc 0.42% 0.31%
Zscaler Inc 0.43% 0.30%
Texas Pacific Land Corp 1.47% 0.28%
Only in COWG
Western Digital Corp 4.53%
Iridium Communications Inc 4.25%
Sandisk Corp 3.32%
Lam Research Corp 2.71%
Okta Inc 2.12%
Palo Alto Networks Inc 2.03%
KLA Corp 1.87%
Crowdstrike Holdings Inc 1.78%
Only in IMCG
SNOWFLAKE 1.48%
FREEPORT MCMORAN INC 1.39%
CLOUDFLARE CLASS A 1.32%
DELL TECHNOLOGIES INC CLASS C 1.27%
JOHNSON CONTROLS INTERNATIONAL PLC 1.25%
HILTON WORLDWIDE HOLDINGS 1.05%
MOTOROLA SOLUTIONS INC 1.05%
ROBINHOOD MARKETS CLASS A 1.04%

Check overlap with more funds →

On the same fields

COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF
IMCG
iShares Morningstar Mid-Cap Growth ETF
Where it sits Stock ETF Stock ETF
Issuer Pacer iShares
What it is Tracks an index Tracks an index
Total return, 1 year +12.2% +15.1%
Its benchmark over the same days +15.1% (IWB) not measured
Gap to its benchmark −2.8 pts vs IWB not measured
Expense ratio 0.49% 0.06%
Already in the S&P 500 65.3% 80.4%
Holdings 100 260
Net assets, COWG as of Oct 2, 2026 and IMCG as of Oct 20, 2026 $2.4bn $4.1bn

COWG and IMCG 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 IMCG

IMCG tracks an index. Over the year to Oct 20, 2026 it returned +15.1% with distributions reinvested. The prospectus expense ratio is 0.06% a year. By its holdings published by its issuer for Oct 19, 2026, 80% of the fund by weight is stocks the S&P 500 also holds, across 260 positions, with the top ten at 12.5%. It sat 5.9% below its high of Aug 13, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, COWG or IMCG?
In the year to Oct 20, 2026, with distributions reinvested, COWG returned +12.2% and IMCG +15.1%.
Which is cheaper, COWG or IMCG?
IMCG is cheaper, by 0.43 percentage points a year. That is about $43 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do COWG and IMCG overlap with the S&P 500?
By their latest filed holdings, 65% of COWG and 80% of IMCG by weight is stocks the S&P 500 already holds.
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ETFIQ, COWG against IMCG, data as of Oct 20, 2026. https://etfiq.com/compare/any/cowg-vs-imcg

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Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.