Data as of Oct 28, 2026.
COWZ vs TLT: Differences, Returns & Fees
Over the year to Oct 28, 2026, COWZ returned +24.4% to TLT's −7.9%; 0% of their weight is in the same names.
askIQ about this page
askIQ about COWZ and TLT
Net assets on Oct 27, 2026: $19.5bn for Pacer US Cash Cows 100 ETF and $47.4bn for iShares 20+ Year Treasury Bond ETF.
Pair scorecard
TLT costs 0.34 points a year less; their one-year returns differ by 32.3 points; TLT is 2.4 times larger.
| Measure | COWZ | TLT |
|---|---|---|
| Return | ||
| Total return, 1 year | +24.4% | −7.9% |
| Drawdown | ||
| Below its high | 42.6%, high on Aug 4, 2020 | |
| Benchmark | ||
| What it tracks | Pacer US Cash Cows 100 Index | ICE U.S. Treasury 20+ Year Bond Index |
| Cost and size | ||
| Expense ratio | 0.49% | 0.15% |
| Net assets, as of Oct 27, 2026 | $19.5bn | $47.4bn |
| Holdings | ||
| Holdings in common | 0% | |
| In the S&P 500, by weight | 95% | |
| Top ten holdings, share of the fund | 20.4% | |
Holdings in common uses holdings dated Jul 31, 2026 and Oct 27, 2026. Method
Risk and return
Dec 30, 2016 to Oct 23, 2026 · 512 weekly returnsCOWZ returned more: +251.9% to −9.6%. TLT swung less: 13.9% to 19.6%. COWZ fell less at its worst: −36.3% to −47.8%.
Full scorecard
9 measures, with how each is measured Open ↓
| Measure | COWZ | TLT | Edge | How it is measured |
|---|---|---|---|---|
| Return | ||||
| Total return | +251.9% | −9.6% | COWZ | Price change plus distributions, reinvested. |
| Annualized | +13.6% | −1.0% | COWZ | Total return as a yearly rate. |
| Price return | +188.5% | −31.7% | COWZ | Price change alone, distributions left out. |
| Risk | ||||
| Volatility | 19.6% | 13.9% | TLT | Spread of weekly returns, annualized. Lower is steadier. |
| Downside deviation | 13.8% | 10.1% | TLT | Like volatility, counting only weeks below the Treasury bill rate. |
| Max drawdown | −36.3% | −47.8% | COWZ | Deepest fall from a high to the low after it. |
| Risk-adjusted | ||||
| Sharpe | 0.62 | −0.19 | COWZ | Return above Treasury bills per unit of volatility. |
| Sortino | 0.89 | −0.26 | COWZ | Return above Treasury bills per unit of downside deviation. |
| Calmar | 0.38 | −0.02 | COWZ | Annualized return divided by the max drawdown. |
Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 512 weekly returns. Cash rate: the 13-week Treasury bill.
What they share
By the books each fund has filed, COWZ and TLT hold 0% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Oct 27, 2026.
half
0% in common
Only in one fund ↓
Side by side
COWZ and TLT on the fields both publish, as of Oct 28, 2026. Source: ETFIQ.
COWZ and TLT do different jobs. What does each one do in a portfolio?
- What each follows. COWZ follows Pacer US Cash Cows 100 Index and TLT follows ICE U.S. Treasury 20+ Year Bond Index.
- Holdings in common. 0% of the weight is in the same securities (holdings dated Jul 31, 2026 and Oct 27, 2026).
- One-year total return. Over 1 year to Oct 28, 2026 COWZ returned +24.4% and TLT −7.9% with distributions reinvested, a gap of 32.3 points.
Data as of Oct 28, 2026.
The two-page PDF for this pair is coming. Save the comparison to follow its changes. Free. It needs an email sign-in, once.
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%.
TLT
TLT tracks an index of 20+ year Treasuries. Over the year to Oct 28, 2026 it returned −7.9% with distributions reinvested, against −7.8% for its benchmark, the ICE U.S. Treasury 20+ Year Bond Index. The prospectus expense ratio is 0.15% a year. It sat 42.6% below its high of Aug 4, 2020 on Oct 28, 2026.
Questions people ask
- Which returned more over the last year, COWZ or TLT?
- In the year to Oct 28, 2026, with distributions reinvested, COWZ returned +24.4% and TLT −7.9%.
- Which is cheaper, COWZ or TLT?
- TLT 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.
Links are sources, not endorsements. 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, COWZ against TLT, data as of Oct 28, 2026. https://etfiq.com/compare/any/cowz-vs-tlt
ETFIQ. (Oct 28, 2026). COWZ against TLT. Retrieved from https://etfiq.com/compare/any/cowz-vs-tlt
[COWZ against TLT (ETFIQ, Oct 28, 2026)](https://etfiq.com/compare/any/cowz-vs-tlt)
Free to use with attribution for data ETFIQ computes; issuer data stays under its owner's terms.