Pacer US Cash Cows 100 ETF

COWZ

Market cap $18B

Investors holding Vanguard S&P 500 ETF (NYSEARCA:VOO) own a slice of the cheapest, largest cap-weighted index fund on the market, and it has been doing its job.

The Pacer US Cash Cows 100 ETF is rated a cautious Buy, positioned for a regime shift favoring cash flow over AI-driven momentum. COWZ offers a portfolio FCF yield of ~6.37%, more than double the Russell 1000, at a 31% lower P/E, with sector diversification led by Healthcare and Energy. The ETF's defensive profile is most effective in moderate drawdowns, providing a stabilizing anchor as AI multiples stretch and stagflation risks persist.

Value stocks with real dividend income have kept pace with, and in one case beaten, a market that growth and AI names dominated for three straight years.

Pacer US Cash Cows 100 ETF (NYSEARCA:COWZ) owns the 100 Russell 1000 names that generate the most free cash flow relative to market value.

Smart beta had a confusing first half of 2026, as momentum cooled after a strong 2025, low-volatility lagged a market that kept grinding higher, and dividend growth funds got squeezed by another leg up in yields.

Nomura joins Wall Street firms expecting no Fed rate cuts in 2026. These value, bank and cash-flow ETFs could benefit.

The Pacer US Cash Cows 100 ETF (COWZ) was launched on 12/16/2016, and is a smart beta exchange traded fund designed to offer broad exposure to the Style Box - Large Cap Value category of the market.

If you're interested in broad exposure to the Large Cap Value segment of the US equity market, look no further than the Pacer US Cash Cows 100 ETF (COWZ), a passively managed exchange traded fund launched on December 16, 2016.

The Pacer US Cash Cows 100 ETF (NYSEARCA:COWZ | COWZ Price Prediction) and the Fundstrat Granny Shots US Large Cap ETF (NYSEARCA:GRNY) sit on opposite ends of how quality gets defined in a large-cap portfolio.

A “sleep at night” portfolio does not need to be complicated, in fact, the three ETFs covered here represent three distinct philosophies for owning US equities, and together they create a diversified core that has held up through every major market event of the past decade.