COWG vs NWLG
Pacer US Large Cap Cash Cows Growth Leaders ETF vs Nuveen Winslow Large-Cap Growth ESG ETF
Which is better, COWG or NWLG?
COWG has been ahead.
COWG has a lower expense ratio. COWG led over 1Y and the full window. COWG is less concentrated, with 32.7% of the fund in its ten largest positions against 60.4%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | COWG | NWLG |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.65% |
| AUM | $2.4B | $9M |
| Dividend Yield | 0.75% | 0.00% |
| Holdings | 204 | 42 |
| Volatility (annualized) | 15.1%Best | 18.2% |
| Max Drawdown | -23.6%Best | -26.5% |
| $10,000 over 3.3 years | $17,291Best | $16,222 |
| Top 10 Weight | 32.7%Best | 60.4% |
| Fund Family | Pacer ETFs | Nuveen |
| Category | Equity | Equity |
| Style | Large Cap Growth | Large Cap Growth |
| Inception | Dec 21, 2022 | Aug 4, 2021 |
Not shown on this pair: YTD Return, 1Y Return, 3Y Return (annualized), 5Y Return (annualized).
The two price series end 191 days apart, so a return over any period would be measuring two different stretches of market. Those rows are withheld. COWG has data through Oct 14, 2026 and NWLG through Apr 6, 2026.
Volatility and max drawdown, and the $10,000 over 3.3 years row, are measured over the window both funds cover: Dec 23, 2022 to Apr 6, 2026 (3.3 years).
Risk: Volatility and Drawdowns
NWLG has been the more volatile fund, with annualized monthly volatility of 18.2% compared with 15.1% for COWG. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -23.6% for COWG and -26.5% for NWLG. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.63. They move together some of the time, and apart the rest.
Fees and Cost Over Time
COWG charges 0.49% per year while NWLG charges 0.65%. On a $10,000 position that is $49 vs $65 annually, a gap of $16 per year that compounds over a long holding period. On income, COWG currently yields 0.75% against 0.00% for NWLG.
Holdings Overlap
8.4% of COWG's money is in holdings NWLG also owns. 39.4% of NWLG's money is in holdings COWG also owns.
The two portfolios partly overlap.
The two holdings books were reported 274 days apart, COWG as of Oct 1, 2026 and NWLG as of Dec 31, 2025, so some of the difference between them is the time between the two reports rather than the funds.
11 positions in common, counted across the 100 positions we hold weights for in COWG and 39 in NWLG, against full books of 204 and 42.
What only one of them owns
Our book lists 27 positions for NWLG that do not appear in our book for COWG (58.3% of the fund), and 87 for COWG that do not appear in NWLG (87.9%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in COWG | Weight in NWLG | Difference |
|---|---|---|---|
| NVDANvidia Corp | 0.94% | 12.49% | 11.55% |
| AAPLApple, Inc | 0.88% | 8.76% | 7.88% |
| AVGOBroadcom Inc | 0.74% | 5.58% | 4.84% |
| ANETArista Networks Inc. | 1.46% | 1.45% | 0.01% |
| NOWServicenow, Inc. | 1.16% | 1.46% | 0.30% |
| ISRGIntuitive Surgical Inc. | 0.32% | 2.30% | 1.98% |
| INTUIntuit, Inc. | 0.31% | 2.10% | 1.79% |
| GEVGe Vernova, Inc. | 0.55% | 1.53% | 0.98% |
| VRTXNvaesrtex Pharmaceuticals Inc | 0.60% | 1.46% | 0.86% |
| CDNSCadence Design Systems Inc. | 0.84% | 1.05% | 0.21% |
39.4% of NWLG is already inside COWG.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, COWG or NWLG?
COWG has an expense ratio of 0.49% while NWLG charges 0.65%. COWG is the cheaper option, by $16 a year on a $10,000 investment.
Which is riskier, COWG or NWLG?
NWLG has been the more volatile fund at 18.2% annualized versus 15.1% for COWG. Worst drawdown: COWG -23.6% vs NWLG -26.5%.
Should I hold both COWG and NWLG?
COWG and NWLG have a monthly-return correlation of 0.63, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between COWG and NWLG?
39.4% of NWLG's money is in holdings COWG also owns. 39.4% of NWLG's is in holdings COWG also owns. They hold 11 positions in common, counted across the 100 positions we hold weights for in COWG and 39 in NWLG.
Which pays a higher dividend, COWG or NWLG?
COWG yields 0.75% while NWLG yields 0.00%, so COWG currently pays the higher dividend yield.
Is NWLG better than COWG?
COWG has a lower expense ratio. COWG led over 1Y and the full window. COWG is less concentrated, with 32.7% of the fund in its ten largest positions against 60.4%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.