COWG vs PRFZ: Differences, Returns & Fees

COWG and PRFZ hold 4% of their weight in the same names, and PRFZ returned +16.1% over the year. Net assets: $2.4bn on Oct 2, 2026 for Pacer US Large Cap Cash Cows Growth Leaders ETF, and $2.6bn on Oct 20, 2026 for Invesco RAFI US 1500 Small-Mid ETF.

Ask IQ about this page

Ask IQ about COWG and PRFZ

Answers cite the figures on this page.

PRFZ costs 0.13 points a year less; their one-year returns differ by 3.9 points; PRFZ is 1.1 times larger.

COWG vs PRFZ: Differences, Returns & Fees
COWGPRFZ
Expense ratio0.49%0.36%
Net assets, as of Oct 2, 2026$2.4bn$2.7bn
Total return, 1 year+12.2%+16.1%
What it tracksPacer US Large Cap Cash Cows Growth Leaders IndexRAFI Fundamental Select US 1500 Index
Holdings in common4%
Top ten holdings, share of the fund28.4%4.0%
Below its high3.5%, high on Oct 9, 20266.9%, high on Aug 14, 2026

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

+12.2%
COWG total return, 1 year
+16.1%
PRFZ total return, 1 year
0.49%
COWG expense ratio
0.36%
PRFZ expense ratio

Get PRFZ's fund flows by email, every Monday.

Plus the Friday ETF note. Confirm from the link that arrives, and unsubscribe in one click. See Privacy.

Client brief · page 1 of 2Report BR-6B5FB8C38A

COWG and PRFZ 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 PRFZ follows RAFI Fundamental Select US 1500 Index.
  2. Holdings in common. 4% 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 PRFZ +16.1% with distributions reinvested, a gap of 3.9 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.

Take this comparison to a client

The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.

Not advice. The brief uses the figures on this page, with the data date and a report id. Saved comparisons are listed on your saved page; privacy.

What they hold in common

By the books each fund has filed, COWG and PRFZ hold 4% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.

half

4% in common

Positions both hold, largest shared weight first
Holding COWG PRFZ
Docusign Inc 0.55% 0.42%
Dynatrace Inc 0.68% 0.38%
Iridium Communications Inc 4.25% 0.34%
Halozyme Therapeutics Inc 0.72% 0.34%
Manhattan Associates Inc 0.70% 0.31%
Nutanix Inc 0.94% 0.24%
Texas Pacific Land Corp 1.47% 0.19%
Universal Display Corp 0.45% 0.16%
Medpace Holdings Inc 0.60% 0.15%
Paylocity Holding Corp 0.60% 0.14%
Reddit Inc 0.42% 0.13%
Gitlab Inc 0.53% 0.13%
Only in COWG
Western Digital Corp 4.53%
Sandisk Corp 3.32%
Lam Research Corp 2.71%
Fortinet Inc 2.36%
Okta Inc 2.12%
Datadog Inc 2.05%
Palo Alto Networks Inc 2.03%
F5 Inc 1.96%
Only in PRFZ
Iovance Biotherapeutics Inc 0.46%
Paycom Software Inc 0.45%
Crescent Energy Co 0.42%
SharkNinja Inc 0.41%
10X Genomics Inc 0.39%
Par Pacific Holdings Inc 0.38%
Cracker Barrel Old Country Store Inc 0.38%
ATI Inc 0.34%

Check overlap with more funds →

On the same fields

COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF
PRFZ
Invesco RAFI US 1500 Small-Mid ETF
Where it sits Stock ETF Stock ETF
Issuer Pacer Invesco
What it is Tracks an index Tracks an index
Total return, 1 year +12.2% +16.1%
Its benchmark over the same days +15.1% (IWB) +15.0% (IWV)
Gap to its benchmark −2.8 pts vs IWB +1.0 pts vs IWV
Expense ratio 0.49% 0.36%
Already in the S&P 500 65.3% 1.8%
Holdings 100 1491
Net assets, COWG as of Oct 2, 2026 and PRFZ as of Oct 20, 2026 $2.4bn $2.6bn

COWG and PRFZ 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 PRFZ

PRFZ tracks an index. The prospectus expense ratio is 0.36% a year. By its holdings published by its issuer for Oct 19, 2026, 2% of the fund by weight is stocks the S&P 500 also holds, across 1,491 positions, with the top ten at 4.0%. It sat 6.9% below its high of Aug 14, 2026 on Oct 20, 2026.

Over the year to Oct 20, 2026 it returned +16.1% with distributions reinvested, against +15.0% for its benchmark, the Russell 3000 Index.

Questions people ask

Which returned more over the last year, COWG or PRFZ?
In the year to Oct 20, 2026, with distributions reinvested, COWG returned +12.2% and PRFZ +16.1%.
Which is cheaper, COWG or PRFZ?
PRFZ is cheaper, by 0.13 percentage points a year. That is about $13 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do COWG and PRFZ overlap with the S&P 500?
By their latest filed holdings, 65% of COWG and 2% of PRFZ by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

ETFIQ, COWG against PRFZ, data as of Oct 20, 2026. https://etfiq.com/compare/any/cowg-vs-prfz

Open data

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