COWZ vs SPMO: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
SPMOInvesco S&P 500 Momentum ETF
Invesco · 99 holdings · $21.3B · as of 2026-05-31
Holdings snapshots are 31 days apart (COWZ: 2026-04-30, SPMO: 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 SPMO?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; Invesco S&P 500 Momentum ETF (SPMO, by Invesco) holds 99. They have 15 holdings in common, and by portfolio weight the two funds are 4.9% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 4.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 15COWZ holds 100 · SPMO holds 99
- Weight in Shared Holdings
- COWZ 19%·SPMO 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
85 of 100 positions (81.3% of the fund) are not held by SPMO. Showing the top 30 by weight.
Sector Breakdown
| Sector | COWZ | SPMO |
|---|---|---|
| Information Technology | 19.4% | 54.9% |
| Health Care | 21.0% | 6.2% |
| Energy | 16.4% | 3.1% |
| Industrials | 11.7% | 12.4% |
| Consumer Discretionary | 9.8% | 1.2% |
| Other Sectors | 21.5% | 22.2% |
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% |
| SPMO | +0.2% | +26.0% | +29.7% | +39.1% | +20.9% | +20.0% | 0.70% |
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 SPMO →
Shared Holdings(15)
The top 10 shared positions account for 89% of the overlap, led by NEM, GILD and MO.
 NEMNewmont Corp. | 1.93% | 1.10% | 1.10% |
|---|---|---|---|
 GILDGilead Sciences, Inc. | 1.83% | 0.83% | 0.83% |
 MOAltria Group, Inc. | 2.20% | 0.47% | 0.47% |
 MCKMcKesson Corp. | 1.79% | 0.46% | 0.46% |
 CAHCardinal Health, Inc. | 1.62% | 0.33% | 0.33% |
 HCAHCA Healthcare, Inc. | 1.64% | 0.30% | 0.30% |
 FFord Motor Co. | 2.01% | 0.30% | 0.30% |
 CORCencora, Inc. | 1.03% | 0.28% | 0.28% |
 DGDollar General Corp. | 0.61% | 0.17% | 0.17% |
 ADMArcher-Daniels-Midland Co. | 1.55% | 0.15% | 0.15% |
 TPRTapestry, Inc. | 0.55% | 0.15% | 0.15% |
 JBLJabil Inc. | 0.55% | 0.15% | 0.15% |
 EXPDExpeditors International of Washington, Inc. | 0.32% | 0.10% | 0.10% |
 DLTRDollar Tree, Inc. | 0.45% | 0.09% | 0.09% |
 LDOSLeidos Holdings, Inc. | 0.45% | 0.07% | 0.07% |
Frequently Asked Questions
How much do COWZ and SPMO overlap?
COWZ and SPMO overlap by 4.9% of portfolio weight. They share 15 holdings (COWZ holds 100 positions and SPMO holds 99), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and SPMO?
The two portfolios are 4.9% 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 SPMO?
The largest positions held by both funds are NEM, GILD, MO, MCK and CAH. Together the top 10 shared positions account for 89% of the total overlap.
What does COWZ own that SPMO doesn't?
85 positions (81.3% of COWZ) are unique to COWZ, led by QCOM, COP and CVS. In the other direction, 84 positions (95.1% of SPMO) are unique to SPMO.