COWG vs SPGP: Differences, Returns & Fees

COWG and SPGP hold 14% of their weight in the same names, and COWG returned +12.2% over the year. Net assets: $2.4bn on Oct 2, 2026 for Pacer US Large Cap Cash Cows Growth Leaders ETF, and $2.1bn on Oct 20, 2026 for Invesco S&P 500 GARP ETF.

Ask IQ about this page

Ask IQ about COWG and SPGP

Answers cite the figures on this page.

SPGP costs 0.15 points a year less; their one-year returns differ by 2.2 points; COWG is 1.2 times larger.

COWG vs SPGP: Differences, Returns & Fees
COWGSPGP
Expense ratio0.49%0.34%
Net assets, as of Oct 2, 2026$2.4bn$2.0bn
Total return, 1 year+12.2%+10.0%
What it tracksPacer US Large Cap Cash Cows Growth Leaders IndexS&P 500 GARP Index
Holdings in common14%
Top ten holdings, share of the fund28.4%20.4%
Below its high3.5%, high on Oct 9, 20264.0%, 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
+10.0%
SPGP total return, 1 year
0.49%
COWG expense ratio
0.34%
SPGP expense ratio

Get SPGP'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-EA9CFD8D73

COWG and SPGP 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 SPGP follows S&P 500 GARP Index.
  2. Holdings in common. 14% 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 SPGP +10.0% with distributions reinvested, a gap of 2.2 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 SPGP hold 14% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 19, 2026.

half

14% in common

Positions both hold, largest shared weight first
Holding COWG SPGP
Fortinet Inc 2.36% 1.61%
Arista Networks Inc 1.32% 2.06%
Dexcom Inc 1.15% 1.53%
Airbnb Inc 1.09% 1.47%
NVIDIA Corp 1.05% 2.39%
Newmont Corp 1.04% 1.94%
KLA Corp 1.87% 0.82%
Expedia Group Inc 0.74% 2.00%
Incyte Corp 0.72% 1.74%
First Solar Inc 0.70% 1.47%
AppLovin Corp 0.53% 1.20%
Adobe Inc 0.51% 1.16%
Only in COWG
Western Digital Corp 4.53%
Iridium Communications Inc 4.25%
Sandisk Corp 3.32%
Astera Labs Inc 3.03%
Lam Research Corp 2.71%
Okta Inc 2.12%
Datadog Inc 2.05%
Palo Alto Networks Inc 2.03%
Only in SPGP
Cincinnati Financial Corp 2.07%
Progressive Corp 2.07%
Eli Lilly & Co 2.02%
Arch Capital Group Ltd 2.00%
Meta Platforms Inc 1.95%
Royal Caribbean Cruises Ltd 1.84%
General Electric Co 1.76%
Carnival Corp Ltd 1.68%

Check overlap with more funds →

On the same fields

COWG
Pacer US Large Cap Cash Cows Growth Leaders ETF
SPGP
Invesco S&P 500 GARP 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% +10.0%
Its benchmark over the same days +15.1% (IWB) +15.9% (VOO)
Gap to its benchmark −2.8 pts vs IWB −5.9 pts vs VOO
Expense ratio 0.49% 0.34%
Already in the S&P 500 65.3% 100.0%
Holdings 100 76
Net assets, COWG as of Oct 2, 2026 and SPGP as of Oct 20, 2026 $2.4bn $2.1bn

COWG and SPGP 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 SPGP

SPGP tracks an index. Over the year to Oct 20, 2026 it returned +10.0% with distributions reinvested, against +15.9% for its benchmark, the S&P 500 Index. The prospectus expense ratio is 0.34% a year. By its holdings published by its issuer for Oct 19, 2026, 100% of the fund by weight is stocks the S&P 500 also holds, across 76 positions, with the top ten at 20.4%. It sat 4.0% below its high of Aug 13, 2026 on Oct 20, 2026.

Questions people ask

Which returned more over the last year, COWG or SPGP?
In the year to Oct 20, 2026, with distributions reinvested, COWG returned +12.2% and SPGP +10.0%.
Which is cheaper, COWG or SPGP?
SPGP is cheaper, by 0.15 percentage points a year. That is about $15 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do COWG and SPGP overlap with the S&P 500?
By their latest filed holdings, 65% of COWG and 100% of SPGP by weight is stocks the S&P 500 already holds.
Cite this pageCitation, APA and Markdown

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

Open data

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