COWZ vs PBUS: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
Invesco · 537 holdings · $11.4B · as of 2026-05-31
Holdings snapshots are 31 days apart (COWZ: 2026-04-30, PBUS: 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 PBUS?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; Invesco MSCI USA ETF (PBUS, by Invesco) holds 537. They have 96 holdings in common, and by portfolio weight the two funds are 8.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 8.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 96COWZ holds 100 · PBUS holds 537
- Weight in Shared Holdings
- COWZ 97%·PBUS 8%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
4 of 100 positions (2.5% of the fund) are not held by PBUS.
Sector Breakdown
| Sector | COWZ | PBUS |
|---|---|---|
| Information Technology | 19.4% | 38.0% |
| Health Care | 21.0% | 8.3% |
| Energy | 16.4% | 3.2% |
| Industrials | 11.7% | 8.5% |
| Financials | 0.0% | 11.1% |
| Other Sectors | 31.4% | 30.5% |
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% |
| PBUS | +3.4% | +14.0% | +23.4% | +21.4% | +12.9% | — | 0.99% |
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 PBUS →
Shared Holdings(96)
The top 10 shared positions account for 32% of the overlap, led by QCOM, VZ and CRM.
 QCOMQUALCOMM Inc. | 2.67% | 0.40% | 0.40% |
|---|---|---|---|
 VZVerizon Communications Inc. | 1.90% | 0.31% | 0.31% |
 CRMSalesforce, Inc. | 1.76% | 0.27% | 0.27% |
 TAT&T Inc. | 1.84% | 0.27% | 0.27% |
 GILDGilead Sciences, Inc. | 1.83% | 0.25% | 0.25% |
 PFEPfizer Inc. | 1.99% | 0.23% | 0.23% |
 COPConocoPhillips | 2.17% | 0.21% | 0.21% |
 UBERUber Technologies, Inc. | 2.00% | 0.21% | 0.21% |
 BKNGBooking Holdings Inc. | 1.87% | 0.20% | 0.20% |
 NEMNewmont Corp. | 1.93% | 0.18% | 0.18% |
 MOAltria Group, Inc. | 2.20% | 0.18% | 0.18% |
 BMYBristol-Myers Squibb Co. | 2.03% | 0.18% | 0.18% |
 CVSCVS Health Corp. | 2.16% | 0.17% | 0.17% |
 ACNAccenture PLC, Class A | 1.68% | 0.17% | 0.17% |
 ADBEAdobe Inc. | 1.75% | 0.16% | 0.16% |
 TMUST-Mobile US, Inc. | 1.78% | 0.14% | 0.14% |
 INTUIntuit Inc. | 1.63% | 0.14% | 0.14% |
 MCKMcKesson Corp. | 1.79% | 0.14% | 0.14% |
 CMCSAComcast Corp., Class A | 1.71% | 0.14% | 0.14% |
 ADPAutomatic Data Processing, Inc. | 1.30% | 0.14% | 0.14% |
 SLBSLB Ltd. | 1.83% | 0.12% | 0.12% |
 UPSUnited Parcel Service, Inc., Class B | 1.68% | 0.12% | 0.12% |
 MPCMarathon Petroleum Corp. | 1.78% | 0.11% | 0.11% |
 VLOValero Energy Corp. | 1.47% | 0.11% | 0.11% |
 EOGEOG Resources, Inc. | 1.23% | 0.11% | 0.11% |
Frequently Asked Questions
How much do COWZ and PBUS overlap?
COWZ and PBUS overlap by 8.0% of portfolio weight. They share 96 holdings (COWZ holds 100 positions and PBUS holds 537), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and PBUS?
The two portfolios are 8.0% 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 PBUS?
The largest positions held by both funds are QCOM, VZ, CRM, T and GILD. Together the top 10 shared positions account for 32% of the total overlap.
What does COWZ own that PBUS doesn't?
4 positions (2.5% of COWZ) are unique to COWZ, led by VTRS, THC and CTRA. In the other direction, 441 positions (91.7% of PBUS) are unique to PBUS.