COWZ vs ONEQ: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
ONEQFidelity Nasdaq Composite Index ETF
Fidelity · 1022 holdings · $10.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (COWZ: 2026-04-30, ONEQ: 2026-05-31). 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 ONEQ?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; Fidelity Nasdaq Composite Index ETF (ONEQ, by Fidelity) holds 1022. They have 40 holdings in common, and by portfolio weight the two funds are 4.7% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.7%Sum of the smaller weight of each shared holding
- Shared Holdings
- 40COWZ holds 100 · ONEQ holds 1022
- Weight in Shared Holdings
- COWZ 36%·ONEQ 5%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
60 of 100 positions (63.5% of the fund) are not held by ONEQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | COWZ | ONEQ |
|---|---|---|
| Information Technology | 19.4% | 53.0% |
| Health Care | 21.0% | 4.4% |
| Energy | 16.4% | 0.5% |
| Communication Services | 8.1% | 15.2% |
| Consumer Discretionary | 9.8% | 12.5% |
| Other Sectors | 25.1% | 12.3% |
| Unclassified | 0.0% | 1.6% |
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. “Unclassified” is weight we could not classify (0% of COWZ, 2% of ONEQ).
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% |
| ONEQ | +3.3% | +15.4% | +26.6% | +25.1% | +13.6% | +18.8% | 0.51% |
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 ONEQ →
Shared Holdings(40)
The top 10 shared positions account for 58% of the overlap, led by QCOM, TMUS and GILD.
 QCOMQUALCOMM Inc. COM | 2.67% | 0.58% | 0.58% |
|---|---|---|---|
 TMUST-Mobile US Inc COM | 1.78% | 0.45% | 0.45% |
 GILDGilead Sciences Inc. COM | 1.83% | 0.36% | 0.36% |
 BKNGBooking Holdings Inc COM | 1.87% | 0.29% | 0.29% |
 ADBEAdobe Inc COM | 1.75% | 0.23% | 0.23% |
 INTUIntuit Inc COM | 1.63% | 0.20% | 0.20% |
 CMCSAComcast Corporation CL A | 1.71% | 0.19% | 0.19% |
 ADPAutomatic Data Processing, Inc. COM | 1.30% | 0.19% | 0.19% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 1.17% | 0.14% | 0.14% |
 PCARPaccar Inc COM | 0.99% | 0.13% | 0.13% |
 FLEXFlex Ltd. COM USD0.01 | 0.59% | 0.12% | 0.12% |
 ABNBAirbnb, Inc., Class A | 1.62% | 0.12% | 0.12% |
 FANGDiamondback Energy Inc COM | 1.98% | 0.12% | 0.12% |
 ADSKAutodesk Inc COM | 0.72% | 0.11% | 0.11% |
 ONON Semiconductor Corp. COM | 0.84% | 0.10% | 0.10% |
 UALUnited Airlines Holdings Inc COM | 0.83% | 0.08% | 0.08% |
 PAYXPaychex Inc COM | 0.58% | 0.07% | 0.07% |
 NTAPNetApp Inc. COM | 0.59% | 0.07% | 0.07% |
 ROPRoper Technologies Inc COM | 0.78% | 0.07% | 0.07% |
 FSLRFirst Solar Inc COM | 0.42% | 0.07% | 0.07% |
 WDAYWorkday, Inc., Class A | 0.75% | 0.07% | 0.07% |
 CPRTCopart Inc COM | 0.41% | 0.07% | 0.07% |
 KHCThe Kraft Heinz Co. COM | 1.12% | 0.06% | 0.06% |
 BIIBBiogen Inc COM | 0.67% | 0.06% | 0.06% |
 ZMZoom Communications, Inc., Class A | 0.80% | 0.06% | 0.06% |
Frequently Asked Questions
How much do COWZ and ONEQ overlap?
COWZ and ONEQ overlap by 4.7% of portfolio weight. They share 40 holdings (COWZ holds 100 positions and ONEQ holds 1022), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and ONEQ?
The two portfolios are 4.7% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of COWZ and ONEQ?
The largest positions held by both funds are QCOM, TMUS, GILD, BKNG and ADBE. Together the top 10 shared positions account for 58% of the total overlap.
What does COWZ own that ONEQ doesn't?
60 positions (63.5% of COWZ) are unique to COWZ, led by MO, COP and CVS. In the other direction, 982 positions (94.8% of ONEQ) are unique to ONEQ.