COWZ vs SPY: Holdings Overlap
COWZPacer US Cash Cows 100 ETF
Pacer · 100 holdings · $18.8B · as of 2026-04-30
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
Holdings snapshots are 98 days apart (COWZ: 2026-04-30, SPY: 2026-08-06). 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 SPY?
Pacer US Cash Cows 100 ETF (COWZ, by Pacer) holds 100 positions; State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504. They have 91 holdings in common, and by portfolio weight the two funds are 7.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 7.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 91COWZ holds 100 · SPY holds 504
- Weight in Shared Holdings
- COWZ 95%·SPY 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
9 of 100 positions (4.5% of the fund) are not held by SPY.
Sector Breakdown
| Sector | COWZ | SPY |
|---|---|---|
| Information Technology | 19.4% | 37.6% |
| Health Care | 21.0% | 8.9% |
| Energy | 16.4% | 3.2% |
| Financials | 0.0% | 12.3% |
| Industrials | 11.7% | 8.8% |
| Other Sectors | 31.4% | 29.1% |
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% |
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
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 SPY →
Shared Holdings(91)
The top 10 shared positions account for 30% of the overlap, led by VZ, QCOM and T.
 VZVerizon Communications Inc. COM | 1.90% | 0.30% | 0.30% |
|---|---|---|---|
 QCOMQUALCOMM Inc. COM | 2.67% | 0.25% | 0.25% |
 TAT&T Inc COM | 1.84% | 0.25% | 0.25% |
 GILDGilead Sciences Inc. COM | 1.83% | 0.24% | 0.24% |
 BKNGBooking Holdings Inc COM | 1.87% | 0.24% | 0.24% |
 CRMSalesforce Inc. COM | 1.76% | 0.23% | 0.23% |
 PFEPfizer Inc. COM | 1.99% | 0.23% | 0.23% |
 UBERUber Technologies Inc COM | 2.00% | 0.22% | 0.22% |
 COPConocoPhillips COM | 2.17% | 0.21% | 0.21% |
 BMYBristol-Myers Squibb Company COM | 2.03% | 0.20% | 0.20% |
 CVSCVS Health Corp COM | 2.16% | 0.19% | 0.19% |
 MOAltria Group, Inc. COM | 2.20% | 0.17% | 0.17% |
 NEMNewmont Corporation COM | 1.93% | 0.17% | 0.17% |
 ADPAutomatic Data Processing, Inc. COM | 1.30% | 0.16% | 0.16% |
 ADBEAdobe Inc COM | 1.75% | 0.16% | 0.16% |
 ACNAccenture PLC CLS'A'USD0.0000225 | 1.68% | 0.16% | 0.16% |
 MCKMckesson Corp. COM | 1.79% | 0.16% | 0.16% |
 VLOValero Energy Corp. COM | 1.47% | 0.14% | 0.14% |
 CMCSAComcast Corporation CL A | 1.71% | 0.14% | 0.14% |
 INTUIntuit Inc COM | 1.63% | 0.13% | 0.13% |
 MPCMarathon Petroleum Corp. COM | 1.78% | 0.13% | 0.13% |
 TMUST-Mobile US Inc COM | 1.78% | 0.13% | 0.13% |
 REGNRegeneron Pharmaceuticals, Inc. COM | 1.17% | 0.12% | 0.12% |
 SLBSLB Ltd. COM USD0.01 | 1.83% | 0.12% | 0.12% |
 UPSUnited Parcel Service, Inc., Class B | 1.68% | 0.12% | 0.12% |
Frequently Asked Questions
How much do COWZ and SPY overlap?
COWZ and SPY overlap by 7.9% of portfolio weight. They share 91 holdings (COWZ holds 100 positions and SPY holds 504), based on each fund's latest SEC-reported holdings.
Is it redundant to own both COWZ and SPY?
The two portfolios are 7.9% 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 SPY?
The largest positions held by both funds are VZ, QCOM, T, GILD and BKNG. Together the top 10 shared positions account for 30% of the total overlap.
What does COWZ own that SPY doesn't?
9 positions (4.5% of COWZ) are unique to COWZ, led by ZM, THC and CTRA. In the other direction, 413 positions (92.0% of SPY) are unique to SPY.