Data as of Oct 28, 2026.

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COWZ vs VOE: Differences, Returns & Fees

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Over the year to Oct 28, 2026, COWZ returned +24.4% to VOE's +22.8%; 25% of their weight is in the same names.

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Net assets: $19.5bn on Oct 27, 2026 for Pacer US Cash Cows 100 ETF, and $22.8bn on Sep 30, 2026 for Vanguard Morningstar Mid-Cap Value ETF.

At a glance
+24.4%
COWZ total return, 1 year
+22.8%
VOE total return, 1 year
0.49%
COWZ expense ratio
0.05%
VOE expense ratio

Pair scorecard

VOE costs 0.44 points a year less; their one-year returns differ by 1.6 points.

COWZ vs VOE: Differences, Returns & Fees
MeasureCOWZVOE
Return
Total return, 1 year+24.4%+22.8%
Benchmark
What it tracksPacer US Cash Cows 100 IndexMorningstar US Mid Cap Value Index
Cost and size
Expense ratio0.49%0.05%
Net assets, COWZ as of Oct 27, 2026 and VOE as of Sep 30, 2026$19.5bn$22.8bn
Holdings
Holdings in common25%
Top ten holdings, share of the fund20.4%14.0%

Holdings in common uses holdings dated Jul 31, 2026 and Sep 30, 2026. Method

Risk and return

Dec 30, 2016 to Oct 23, 2026 · 512 weekly returns
COWZ VOE
Return
Total return edge COWZ +251.9% +166.3%
Annualized edge COWZ +13.6% +10.5%
Price return edge COWZ +188.5% +114.1%
Risk
Volatility edge Tie 19.6% 19.3%
Max drawdown edge COWZ −36.3% −40.6%
Risk-adjusted
Sharpe edge COWZ 0.62 0.48
Sortino edge COWZ 0.89 0.68
Calmar edge COWZ 0.38 0.26
Reading

COWZ returned more: +251.9% to +166.3%. COWZ and VOE swung about the same: 19.6% and 19.3%. COWZ fell less at its worst: −36.3% to −40.6%.

Full scorecard

9 measures, with how each is measured
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Risk and return: COWZ vs VOE: Differences, Returns & Fees
MeasureCOWZVOEEdgeHow it is measured
Return
Total return+251.9%+166.3%COWZPrice change plus distributions, reinvested.
Annualized+13.6%+10.5%COWZTotal return as a yearly rate.
Price return+188.5%+114.1%COWZPrice change alone, distributions left out.
Risk
Volatility19.6%19.3%TieSpread of weekly returns, annualized. Lower is steadier.
Downside deviation13.8%13.7%TieLike volatility, counting only weeks below the Treasury bill rate.
Max drawdown−36.3%−40.6%COWZDeepest fall from a high to the low after it.
Risk-adjusted
Sharpe0.620.48COWZReturn above Treasury bills per unit of volatility.
Sortino0.890.68COWZReturn above Treasury bills per unit of downside deviation.
Calmar0.380.26COWZAnnualized 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

25%

By the books each fund has filed, COWZ and VOE hold 25% of their money in the same securities at the same weight. Holdings dated Jul 31, 2026 and Sep 30, 2026.

0 half 100%

half

25% in common

Positions both hold · largest shared weight first COWZ VOE
Marathon Petroleum Corp 2.06% 1.89%
Valero Energy Corp 1.68% 1.90%
SLB Ltd 1.19% 1.23%
Hewlett Packard Enterprise Co 1.16% 1.37%
Newmont Corp 1.80% 1.03%
PACCAR Inc 1.05% 0.98%
Cardinal Health Inc 1.47% 0.88%
Delta Air Lines Inc 1.29% 0.84%
Becton Dickinson & Co 1.00% 0.83%
Ford Motor Co 1.88% 0.80%
IQVIA Holdings Inc 0.81% 0.75%
Occidental Petroleum Corp 1.08% 0.70%
Only in one fund ↓
Only in COWZ
Booking Holdings Inc 2.23%
Bristol-Myers Squibb Co 2.18%
HCA Healthcare Inc 2.07%
General Dynamics Corp 2.05%
Intuit Inc 2.04%
Verizon Communications Inc 1.97%
AT&T Inc 1.95%
Gilead Sciences Inc 1.93%
Only in VOE
Phillips 66 1.73%
Warner Bros Discovery Inc 1.25%
Target Corp 1.21%
Cummins Inc 1.21%
General Motors Co 1.15%
Digital Realty Trust Inc 1.10%
American Electric Power Co Inc 1.10%
United Rentals Inc 1.06%
Check overlap with more funds →

Side by side

COWZ Pacer US Cash Cows 100 ETF VOE Vanguard Morningstar Mid-Cap Value ETF
Where it sits Stock ETF Stock ETF
What it is Tracks an index of US Cash Cows 100 Tracks an index of Mid-Cap Value
Total return, 1 year +24.4% +22.8%
Expense ratio 0.49% 0.05%
Already in the S&P 500 94.7% 96.0%
Holdings 100 169
Net assets, COWZ as of Oct 27, 2026 and VOE as of Sep 30, 2026 $19.5bn $22.8bn

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

Client brief · page 1 of 2 Report BR-167844F3BA

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

  1. What each follows. COWZ follows Pacer US Cash Cows 100 Index and VOE follows Morningstar US Mid Cap Value Index.
  2. Holdings in common. 25% of the weight is in the same securities (holdings dated Jul 31, 2026 and Sep 30, 2026).
  3. Cost. COWZ charges 0.49% of assets a year and VOE 0.05%, a gap of 0.44 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%.

VOE

VOE tracks an index of Mid-Cap Value. Over the year to Oct 28, 2026 it returned +22.8% with distributions reinvested. The prospectus expense ratio is 0.05% a year. By its holdings published by its issuer as of Sep 30, 2026, 96% of the fund by weight is stocks the S&P 500 also holds, across 169 positions, with the top ten at 14.0%.

Questions people ask

Which returned more over the last year, COWZ or VOE?
In the year to Oct 28, 2026, with distributions reinvested, COWZ returned +24.4% and VOE +22.8%.
Which is cheaper, COWZ or VOE?
VOE is cheaper, by 0.44 percentage points a year. That is about $44 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do COWZ and VOE overlap with the S&P 500?
By their latest filed holdings, 95% of COWZ and 96% of VOE by weight is stocks the S&P 500 already holds.
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ETFIQ, COWZ against VOE, data as of Oct 28, 2026. https://etfiq.com/compare/any/cowz-vs-voe

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