COWZ vs RWL: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
RWLInvesco S&P 500 Revenue ETF
Invesco · 502 holdings · $9.8B · as of 2026-05-31
Holdings snapshots are 31 days apart (COWZ: 2026-04-30, RWL: 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 RWL?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; Invesco S&P 500 Revenue ETF (RWL, by Invesco) holds 502. They have 90 holdings in common, and by portfolio weight the two funds are 20.2% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 20.2%Sum of the smaller weight of each shared holding
- Shared Holdings
- 90COWZ holds 100 · RWL holds 502
- Weight in Shared Holdings
- COWZ 95%·RWL 21%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
10 of 100 positions (5.1% of the fund) are not held by RWL.
Sector Breakdown
| Sector | COWZ | RWL |
|---|---|---|
| Health Care | 21.0% | 19.3% |
| Information Technology | 19.4% | 15.4% |
| Energy | 16.4% | 6.1% |
| Financials | 0.0% | 15.1% |
| Consumer Discretionary | 9.8% | 12.1% |
| Other Sectors | 33.2% | 31.8% |
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% |
| RWL | +3.1% | +17.9% | +31.3% | +19.4% | +14.1% | +14.1% | 1.20% |
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 RWL →
Shared Holdings(90)
The top 10 shared positions account for 51% of the overlap, led by CVS, MCK and F.
 CVSCVS Health Corp. | 2.16% | 2.37% | 2.16% |
|---|---|---|---|
 MCKMcKesson Corp. | 1.79% | 1.55% | 1.55% |
 FFord Motor Co. | 2.01% | 1.32% | 1.32% |
 CAHCardinal Health, Inc. | 1.62% | 1.09% | 1.09% |
 CORCencora, Inc. | 1.03% | 1.23% | 1.03% |
 MPCMarathon Petroleum Corp. | 1.78% | 0.71% | 0.71% |
 VZVerizon Communications Inc. | 1.90% | 0.64% | 0.64% |
 VLOValero Energy Corp. | 1.47% | 0.64% | 0.64% |
 TAT&T Inc. | 1.84% | 0.56% | 0.56% |
 TGTTarget Corp. | 1.07% | 0.55% | 0.55% |
 CMCSAComcast Corp., Class A | 1.71% | 0.49% | 0.49% |
 UPSUnited Parcel Service, Inc., Class B | 1.68% | 0.46% | 0.46% |
 ADMArcher-Daniels-Midland Co. | 1.55% | 0.44% | 0.44% |
 DALDelta Air Lines, Inc. | 1.47% | 0.43% | 0.43% |
 QCOMQUALCOMM Inc. | 2.67% | 0.41% | 0.41% |
 HPQHP Inc. | 1.02% | 0.40% | 0.40% |
 TMUST-Mobile US, Inc. | 1.78% | 0.38% | 0.38% |
 UALUnited Airlines Holdings, Inc. | 0.83% | 0.37% | 0.37% |
 ACNAccenture PLC, Class A | 1.68% | 0.32% | 0.32% |
 PFEPfizer Inc. | 1.99% | 0.29% | 0.29% |
 COPConocoPhillips | 2.17% | 0.28% | 0.28% |
 HCAHCA Healthcare, Inc. | 1.64% | 0.26% | 0.26% |
 UBERUber Technologies, Inc. | 2.00% | 0.24% | 0.24% |
 BMYBristol-Myers Squibb Co. | 2.03% | 0.23% | 0.23% |
 JBLJabil Inc. | 0.55% | 0.22% | 0.22% |
Frequently Asked Questions
How much do COWZ and RWL overlap?
COWZ and RWL overlap by 20.2% of portfolio weight. They share 90 holdings (COWZ holds 100 positions and RWL holds 502), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and RWL?
The two portfolios are 20.2% 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 RWL?
The largest positions held by both funds are CVS, MCK, F, CAH and COR. Together the top 10 shared positions account for 51% of the total overlap.
What does COWZ own that RWL doesn't?
10 positions (5.1% of COWZ) are unique to COWZ, led by ZM, THC and CTRA. In the other direction, 412 positions (79.2% of RWL) are unique to RWL.