COWZ vs FDL: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
FDLFirst Trust Morningstar Dividend Leaders Index Fund
First Trust · 86 holdings · $7.8B · as of 2026-03-31
Holdings snapshots are 30 days apart (COWZ: 2026-04-30, FDL: 2026-03-31). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are COWZ and FDL?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; First Trust Morningstar Dividend Leaders Index Fund (FDL, by First Trust) holds 86. They have 17 holdings in common, and by portfolio weight the two funds are 23.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 23.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 17COWZ holds 100 · FDL holds 86
- Weight in Shared Holdings
- COWZ 26%·FDL 41%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in COWZ
83 of 100 positions (74.0% of the fund) are not held by FDL. Showing the top 30 by weight.
Sector Breakdown
| Sector | COWZ | FDL |
|---|---|---|
| Energy | 16.4% | 28.9% |
| Health Care | 21.0% | 17.2% |
| Information Technology | 19.4% | 1.0% |
| Consumer Staples | 9.6% | 14.1% |
| Financials | 0.0% | 13.8% |
| Other Sectors | 33.5% | 24.9% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| COWZ | +7.8% | +15.6% | +28.0% | +12.8% | +11.6% | — | 1.79% |
| FDL | +3.6% | +19.1% | +27.6% | +18.9% | +14.1% | +11.1% | 3.56% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in COWZ vs FDL →
Shared Holdings(17)
The top 10 shared positions account for 79% of the overlap, led by MO, COP and BMY.
 MOAltria Group, Inc. COM | 2.20% | 4.45% | 2.20% |
|---|---|---|---|
 COPConocoPhillips COM | 2.17% | 2.97% | 2.17% |
 BMYBristol-Myers Squibb Company COM | 2.03% | 3.26% | 2.03% |
 PFEPfizer Inc. COM | 1.99% | 6.48% | 1.99% |
 CVSCVS Health Corp COM | 2.16% | 1.96% | 1.96% |
 VZVerizon Communications Inc. COM | 1.90% | 7.36% | 1.90% |
 CMCSAComcast Corporation CL A | 1.71% | 2.82% | 1.71% |
 UPSUnited Parcel Service, Inc. CL B | 1.68% | 3.03% | 1.68% |
 FFord Motor Company COM | 2.01% | 1.42% | 1.42% |
 EOGEOG Resources Inc. COM | 1.23% | 1.55% | 1.23% |
 TGTTarget Corp. COM | 1.07% | 1.33% | 1.07% |
 KHCThe Kraft Heinz Co. COM | 1.12% | 0.81% | 0.81% |
 HPQHP Inc COM | 1.02% | 0.73% | 0.73% |
 ADMArcher-Daniels-Midland Co. COM | 1.55% | 0.64% | 0.64% |
 OMCOmnicom Group Inc COM | 0.84% | 0.56% | 0.56% |
 CTRACoterra Energy Inc COM | 0.63% | 0.48% | 0.48% |
 GISGeneral Mills, Inc. COM | 0.47% | 0.71% | 0.47% |
Frequently Asked Questions
How much do COWZ and FDL overlap?
COWZ and FDL overlap by 23.1% of portfolio weight. They share 17 holdings (COWZ holds 100 positions and FDL holds 86), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and FDL?
The two portfolios are 23.1% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of COWZ and FDL?
The largest positions held by both funds are MO, COP, BMY, PFE and CVS. Together the top 10 shared positions account for 79% of the total overlap.
What does COWZ own that FDL doesn't?
83 positions (74.0% of COWZ) are unique to COWZ, led by QCOM, UBER and FANG. In the other direction, 69 positions (59.2% of FDL) are unique to FDL.