COWZ vs QQQM: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
Invesco · 101 holdings · $97.1B · as of 2026-05-31
Holdings snapshots are 31 days apart (COWZ: 2026-04-30, QQQM: 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 QQQM?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; Invesco NASDAQ 100 ETF (QQQM, by Invesco) holds 101. They have 19 holdings in common, and by portfolio weight the two funds are 7.1% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.1%Sum of the smaller weight of each shared holding
- Shared Holdings
- 19COWZ holds 100 · QQQM holds 101
- Weight in Shared Holdings
- COWZ 25%·QQQM 7%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
81 of 100 positions (74.5% of the fund) are not held by QQQM. Showing the top 30 by weight.
Sector Breakdown
| Sector | COWZ | QQQM |
|---|---|---|
| Information Technology | 19.4% | 57.8% |
| Health Care | 21.0% | 3.7% |
| Energy | 16.4% | 0.5% |
| Communication Services | 8.1% | 14.2% |
| Industrials | 11.7% | 3.2% |
| Other Sectors | 23.3% | 20.1% |
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% |
| QQQM | +1.9% | +18.0% | +27.7% | +25.3% | +15.2% | — | 0.44% |
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 QQQM →
Shared Holdings(19)
The top 10 shared positions account for 79% of the overlap, led by QCOM, TMUS and GILD.
 QCOMQUALCOMM Inc. | 2.67% | 1.17% | 1.17% |
|---|---|---|---|
 TMUST-Mobile US, Inc. | 1.78% | 0.90% | 0.90% |
 GILDGilead Sciences, Inc. | 1.83% | 0.73% | 0.73% |
 BKNGBooking Holdings Inc. | 1.87% | 0.58% | 0.58% |
 ADBEAdobe Inc. | 1.75% | 0.46% | 0.46% |
 INTUIntuit Inc. | 1.63% | 0.40% | 0.40% |
 ADPAutomatic Data Processing, Inc. | 1.30% | 0.39% | 0.39% |
 CMCSAComcast Corp., Class A | 1.71% | 0.39% | 0.39% |
 REGNRegeneron Pharmaceuticals, Inc. | 1.17% | 0.28% | 0.28% |
 PCARPACCAR Inc. | 0.99% | 0.25% | 0.25% |
 ABNBAirbnb, Inc., Class A | 1.62% | 0.25% | 0.25% |
 FANGDiamondback Energy, Inc. | 1.98% | 0.24% | 0.24% |
 ADSKAutodesk, Inc. | 0.72% | 0.21% | 0.21% |
 PAYXPaychex, Inc. | 0.58% | 0.15% | 0.15% |
 ROPRoper Technologies, Inc. | 0.78% | 0.15% | 0.15% |
 CPRTCopart, Inc. | 0.41% | 0.14% | 0.14% |
 WDAYWorkday, Inc., Class A | 0.75% | 0.14% | 0.14% |
 KHCKraft Heinz Co. (The) | 1.12% | 0.12% | 0.12% |
 CTSHCognizant Technology Solutions Corp., Class A | 0.69% | 0.12% | 0.12% |
Frequently Asked Questions
How much do COWZ and QQQM overlap?
COWZ and QQQM overlap by 7.1% of portfolio weight. They share 19 holdings (COWZ holds 100 positions and QQQM holds 101), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and QQQM?
The two portfolios are 7.1% 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 QQQM?
The largest positions held by both funds are QCOM, TMUS, GILD, BKNG and ADBE. Together the top 10 shared positions account for 79% of the total overlap.
What does COWZ own that QQQM doesn't?
81 positions (74.5% of COWZ) are unique to COWZ, led by MO, COP and CVS. In the other direction, 82 positions (92.5% of QQQM) are unique to QQQM.