Data as of Oct 28, 2026.

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COWZ vs QQQM: Differences, Returns & Fees

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Over the year to Oct 28, 2026, COWZ returned +24.4% to QQQM's +15.2%; 7% of their weight is in the same names.

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Net assets on Oct 27, 2026: $19.5bn for Pacer US Cash Cows 100 ETF and $110.4bn for Invesco NASDAQ 100 ETF.

At a glance
+24.4%
COWZ total return, 1 year
+15.2%
QQQM total return, 1 year
0.49%
COWZ expense ratio
0.15%
QQQM expense ratio

Pair scorecard

QQQM costs 0.34 points a year less; their one-year returns differ by 9.2 points; QQQM is 5.7 times larger.

COWZ vs QQQM: Differences, Returns & Fees
MeasureCOWZQQQM
Return
Total return, 1 year+24.4%+15.2%
Drawdown
Below its high4.5%, high on Oct 6, 2026
Benchmark
What it tracksPacer US Cash Cows 100 IndexNasdaq-100 Index
Cost and size
Expense ratio0.49%0.15%
Net assets, as of Oct 27, 2026$19.5bn$110.4bn
Holdings
Holdings in common7%
Top ten holdings, share of the fund20.4%46.7%

Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method

Risk and return

Oct 23, 2020 to Oct 23, 2026 · 313 weekly returns
COWZ QQQM
Return
Total return edge COWZ (slight) +171.9% +157.2%
Annualized edge COWZ (slight) +18.1% +17.0%
Price return edge QQQM (slight) +142.2% +147.9%
Risk
Volatility edge COWZ 17.3% 21.0%
Max drawdown edge COWZ −19.2% −35.0%
Risk-adjusted
Sharpe edge COWZ 0.86 0.70
Sortino edge COWZ 1.26 1.07
Calmar edge COWZ 0.94 0.49
Reading

COWZ returned slightly more: +171.9% to +157.2%. COWZ swung less: 17.3% to 21.0%. COWZ fell less at its worst: −19.2% to −35.0%.

Full scorecard

9 measures, with how each is measured
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Risk and return: COWZ vs QQQM: Differences, Returns & Fees
MeasureCOWZQQQMEdgeHow it is measured
Return
Total return+171.9%+157.2%COWZ (slight)Price change plus distributions, reinvested.
Annualized+18.1%+17.0%COWZ (slight)Total return as a yearly rate.
Price return+142.2%+147.9%QQQM (slight)Price change alone, distributions left out.
Risk
Volatility17.3%21.0%COWZSpread of weekly returns, annualized. Lower is steadier.
Downside deviation11.8%13.6%COWZLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−19.2%−35.0%COWZDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.860.70COWZReturn above Treasury bills per unit of volatility.
Sortino1.261.07COWZReturn above Treasury bills per unit of downside deviation.
Calmar0.940.49COWZAnnualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 313 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

7%

By the books each fund has filed, COWZ and QQQM hold 7% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.

0 half 100%

half

7% in common

Positions both hold · largest shared weight first COWZ QQQM
Gilead Sciences Inc 1.93% 0.85%
QUALCOMM Inc 1.31% 0.83%
T-Mobile US Inc 1.85% 0.68%
Automatic Data Processing Inc 1.66% 0.50%
Booking Holdings Inc 2.23% 0.48%
Adobe Inc 1.91% 0.42%
Intuit Inc 2.04% 0.39%
Regeneron Pharmaceuticals Inc 1.36% 0.35%
Comcast Corp 1.92% 0.34%
Airbnb Inc 1.54% 0.30%
Diamondback Energy Inc 1.49% 0.25%
PACCAR Inc 1.05% 0.23%
Only in one fund ↓
Only in COWZ
Bristol-Myers Squibb Co 2.18%
HCA Healthcare Inc 2.07%
Marathon Petroleum Corp 2.06%
General Dynamics Corp 2.05%
Verizon Communications Inc 1.97%
AT&T Inc 1.95%
Uber Technologies Inc 1.90%
Salesforce Inc 1.90%
Only in QQQM
NVIDIA Corp 8.17%
Apple Inc 7.88%
Microsoft Corp 6.14%
Micron Technology Inc 4.50%
Amazon.com Inc 4.25%
Advanced Micro Devices Inc 3.93%
Tesla Inc 3.33%
Alphabet Inc 2.93%
Check overlap with more funds →

Side by side

COWZ Pacer US Cash Cows 100 ETF QQQM Invesco NASDAQ 100 ETF
Where it sits Stock ETF Stock ETF
Issuer Pacer Invesco
What it is Tracks an index of US Cash Cows 100 Tracks the Nasdaq-100
Total return, 1 year +24.4% +15.2%
Its benchmark over the same days not measured +15.2% (QQQ)
Gap to its benchmark not measured 0.0 pts vs QQQ
Expense ratio 0.49% 0.15%
Already in the S&P 500 94.7% 95.7%
Holdings 100 105
Net assets, as of Oct 27, 2026 $19.5bn $110.4bn

COWZ and QQQM on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.

Client brief · page 1 of 2 Report BR-A133CD917D

COWZ and QQQM do different jobs. What does each one do in a portfolio?

  1. What each follows. COWZ follows Pacer US Cash Cows 100 Index and QQQM follows Nasdaq-100 Index.
  2. Holdings in common. 7% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
  3. One-year total return. Over 1 year to Oct 28, 2026 COWZ returned +24.4% and QQQM +15.2% with distributions reinvested, a gap of 9.2 points.

Data as of Oct 28, 2026.

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About each fund
COWZ

COWZ tracks an index of US Cash Cows 100. Over the year to Oct 28, 2026 it returned +24.4% with distributions reinvested. The prospectus expense ratio is 0.49% a year. By its holdings filed for Jul 31, 2026, 95% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 20.4%.

QQQM

QQQM tracks the Nasdaq-100. Over the year to Oct 28, 2026 it returned +15.2% with distributions reinvested, against +15.2% for its benchmark, the Nasdaq-100 Index. The prospectus expense ratio is 0.15% a year. By its holdings published by its issuer for Oct 27, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 105 positions, with the top ten at 46.7%. It sat 4.5% below its high of Oct 6, 2026 on Oct 28, 2026.

Questions people ask

Which returned more over the last year, COWZ or QQQM?
In the year to Oct 28, 2026, with distributions reinvested, COWZ returned +24.4% and QQQM +15.2%.
Which is cheaper, COWZ or QQQM?
QQQM is cheaper, by 0.34 percentage points a year. That is about $34 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do COWZ and QQQM overlap with the S&P 500?
By their latest filed holdings, 95% of COWZ and 96% of QQQM by weight is stocks the S&P 500 already holds.
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ETFIQ, COWZ against QQQM, data as of Oct 28, 2026. https://etfiq.com/compare/any/cowz-vs-qqqm

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