ICOW vs PIEQ: Differences, Returns & Fees
ICOW and PIEQ hold 4% of their weight in the same names, and ICOW returned +19.3% over the year. Net assets: $1.7bn on Oct 2, 2026 for Pacer Developed Markets International Cash Cows 100 ETF, and $1.3bn on Oct 8, 2026 for Principal International Equity ETF.
PIEQ costs 0.17 points a year less; their one-year returns differ by 6.3 points.
| ICOW | PIEQ | |
|---|---|---|
| Expense ratio | 0.65% | 0.48% |
| Net assets, ICOW as of Oct 2, 2026 and PIEQ as of Oct 8, 2026 | $1.7bn | $1.3bn |
| Total return, 1 year | +19.3% | +13.0% |
| What it tracks | not read by ETFIQ | No index, actively managed |
| Holdings in common | 4% | |
| Top ten holdings, share of the fund | 21.2% | 47.1% |
| Below its high | 6.7%, high on Aug 25, 2026 | 5.2%, high on Aug 25, 2026 |
Holdings in common uses holdings dated Jun 30, 2026 and Jul 31, 2026.
What they hold in common
By the books each fund has filed, ICOW and PIEQ hold 4% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated Jun 30, 2026 and Jul 31, 2026.
half
4% in common
On the same fields
ICOW and PIEQ on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.
ICOW in plain words
ICOW tracks an index. Over the year to Oct 9, 2026 it returned +19.3% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.65% a year. By its holdings filed for Jul 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 100 positions, with the top ten at 21.2%. It sat 6.7% below its high of Aug 25, 2026 on Oct 9, 2026.
PIEQ in plain words
PIEQ is actively managed and tracks no index. Over the year to Oct 9, 2026 it returned +13.0% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.48% a year. By its holdings filed for Jun 30, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 35 positions, with the top ten at 47.1%. It sat 5.2% below its high of Aug 25, 2026 on Oct 9, 2026.
Questions people ask
- Which returned more over the last year, ICOW or PIEQ?
- In the year to Oct 9, 2026, with distributions reinvested, ICOW returned +19.3% and PIEQ +13.0%.
- Which is cheaper, ICOW or PIEQ?
- PIEQ is cheaper, by 0.17 percentage points a year. That is about $17 on $10,000 held for a year. Fees come from each fund's prospectus.
ETFIQ links to the documents behind every figure; a link is not an endorsement. 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.
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ETFIQ, ICOW against PIEQ, data as of Oct 9, 2026. https://etfiq.com/compare/any/icow-vs-pieq
ETFIQ. (Oct 9, 2026). ICOW against PIEQ. Retrieved from https://etfiq.com/compare/any/icow-vs-pieq
[ICOW against PIEQ (ETFIQ, Oct 9, 2026)](https://etfiq.com/compare/any/icow-vs-pieq)
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