COWZ vs SPHQ: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
SPHQInvesco S&P 500 Quality ETF
Invesco · 99 holdings · $20.0B · as of 2026-04-30
How similar are COWZ and SPHQ?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; Invesco S&P 500 Quality ETF (SPHQ, by Invesco) holds 99. They have 28 holdings in common, and by portfolio weight the two funds are 15.4% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 15.4%Sum of the smaller weight of each shared holding
- Shared Holdings
- 28COWZ holds 100 · SPHQ holds 99
- Weight in Shared Holdings
- COWZ 25%·SPHQ 16%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
72 of 100 positions (74.6% of the fund) are not held by SPHQ. Showing the top 30 by weight.
Sector Breakdown
| Sector | COWZ | SPHQ |
|---|---|---|
| Information Technology | 19.4% | 27.6% |
| Industrials | 11.7% | 24.5% |
| Health Care | 21.0% | 8.4% |
| Energy | 16.4% | 0.7% |
| Consumer Staples | 9.6% | 15.3% |
| Other Sectors | 21.8% | 23.3% |
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% |
| SPHQ | -0.8% | +15.3% | +21.9% | +19.9% | +12.7% | +14.6% | 1.09% |
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 SPHQ →
Shared Holdings(28)
The top 10 shared positions account for 72% of the overlap, led by QCOM, GILD and ADBE.
 QCOMQUALCOMM Inc. | 2.67% | 2.03% | 2.03% |
|---|---|---|---|
 GILDGilead Sciences, Inc. | 1.83% | 2.27% | 1.83% |
 ADBEAdobe Inc. | 1.75% | 1.44% | 1.44% |
 NEMNewmont Corp. | 1.93% | 1.22% | 1.22% |
 ACNAccenture PLC, Class A | 1.68% | 1.04% | 1.04% |
 UPSUnited Parcel Service, Inc., Class B | 1.68% | 0.85% | 0.85% |
 CLColgate-Palmolive Co. | 1.10% | 0.71% | 0.71% |
 EOGEOG Resources, Inc. | 1.23% | 0.70% | 0.70% |
 CORCencora, Inc. | 1.03% | 0.66% | 0.66% |
 ABNBAirbnb, Inc., Class A | 1.62% | 0.60% | 0.60% |
 CTVACorteva, Inc. | 0.98% | 0.55% | 0.55% |
 RMDResMed Inc. | 0.50% | 0.32% | 0.32% |
 NTAPNetApp, Inc. | 0.59% | 0.32% | 0.32% |
 EXPEExpedia Group, Inc. | 1.03% | 0.32% | 0.32% |
 WSMWilliams-Sonoma, Inc. | 0.35% | 0.28% | 0.28% |
 CHDChurch & Dwight Co., Inc. | 0.35% | 0.25% | 0.25% |
 STZConstellation Brands, Inc., Class A | 0.63% | 0.24% | 0.24% |
 CFCF Industries Holdings, Inc. | 0.64% | 0.23% | 0.23% |
 INCYIncyte Corp. | 0.44% | 0.21% | 0.21% |
 DLTRDollar Tree, Inc. | 0.45% | 0.20% | 0.20% |
 EXPDExpeditors International of Washington, Inc. | 0.32% | 0.20% | 0.20% |
 SNASnap-on Inc. | 0.34% | 0.19% | 0.19% |
 JJacobs Solutions Inc. | 0.27% | 0.19% | 0.19% |
 LDOSLeidos Holdings, Inc. | 0.45% | 0.18% | 0.18% |
 NVRNVR, Inc. | 0.33% | 0.17% | 0.17% |
Frequently Asked Questions
How much do COWZ and SPHQ overlap?
COWZ and SPHQ overlap by 15.4% of portfolio weight. They share 28 holdings (COWZ holds 100 positions and SPHQ holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and SPHQ?
The two portfolios are 15.4% 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 SPHQ?
The largest positions held by both funds are QCOM, GILD, ADBE, NEM and ACN. Together the top 10 shared positions account for 72% of the total overlap.
What does COWZ own that SPHQ doesn't?
72 positions (74.6% of COWZ) are unique to COWZ, led by MO, COP and CVS. In the other direction, 71 positions (84.0% of SPHQ) are unique to SPHQ.