ETF Evaluator:
Pacer Cash COWZ 100-Nasdaq100RotatorETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Large Value Over the Last Year
| 72.4% | iShares MSCI USA Value Factor ETF (VLUE) |
| 39.0% | SEI QiM U.S. Lrg Cap Value Actv ETF (SEIV) |
| 34.8% | LSV Disciplined Value ETF (LSVD) |
| 34.7% | iShares Core Dividend ETF (DIVB) |
| 34.4% | Avantis US Large Cap Value ETF (AVLV) |
Risk
Index
Risk
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ETF Details
Pacer Cash COWZ 100-Nasdaq100RotatorETF Overview
Pacer Cash COWZ 100-Nasdaq100RotatorETF (QQWZ) is a passively managed U.S. Equity Large Value exchange-traded fund (ETF). Pacer launched the ETF in 2025.
The investment seeks to track the total return performance, before fees and expenses, of the Cash COWZ 100-Nasdaq 100 Rotator Index.
The index uses an objective, rules-based methodology to provide exposure to large-capitalization companies. Under normal circumstances, at least 80% of the fund’s net assets (plus any borrowings for investment purposes) will be invested in equity securities that are the component securities of the index. The fund is non-diversified.
About Pacer Cash COWZ 100-Nasdaq100RotatorETF (QQWZ)
There are 2 members of the management team with an average tenure of 1.24 years: Bruce Kavanaugh (2025) and Danke Wang (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: Pacer COWZ NDX Rotator TR USD index with a weighting of 100%. Pacer Cash COWZ 100-Nasdaq100RotatorETF has 106 securities in its portfolio. The top 10 holdings constitute 46.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Pacer Cash COWZ 100-Nasdaq100RotatorETF is part of the Equity global asset class and is within the U.S. Equity ETF group. Pacer Cash COWZ 100-Nasdaq100RotatorETF has 2.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 96.8% There is 2.6% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Pacer Cash COWZ 100-Nasdaq100RotatorETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $50 million in total assets, which is below the $5 billion average for the Large Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
QQWZ Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Pacer Cash COWZ 100-Nasdaq100RotatorETF expense ratio is average compared to funds in the Large Value category. Pacer Cash COWZ 100-Nasdaq100RotatorETF has an expense ratio of 0.49%, which is 31% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Pacer Cash COWZ 100-Nasdaq100RotatorETF has a portfolio turnover rate of 3%, which indicates that it holds its assets around / 0.3 years. By way of comparison, the average portfolio turnover is 40% for the Large Value category.
Recently, in the month of July 2026, Pacer Cash COWZ 100-Nasdaq100RotatorETF returned -6.6%, which earned it a grade of F, as the Large Value category had an average return of 2.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Pacer Cash COWZ 100-Nasdaq100RotatorETF has a trailing yield of 0.59%, which is below the 1.70% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Pacer Cash COWZ 100-Nasdaq100RotatorETF Grades
Year to date, the ETF has returned 9.1%, 5.3 percentage points worse than the category, which translates into a grade of F. The fund has returned 18.7% over the past year (grade of F).
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QQWZ Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| QQWZ Return (NAV) | -6.6% | 3.0% | 18.7% | na | na | na |
| QQWZ Return (Price) | -6.5% | 3.1% | 18.9% | na | na | na |
| NAV +/- Price Return | -0.149% | -0.082% | -0.194% | na | na | na |
| Large Value Avg | 2.4% | 5.9% | 24.1% | 16.3% | 11.3% | 12.1% |
| QQWZ Grade (NAV) | F | F | F | na | na | na |
| +/- Category (NAV) | -9.0% | -2.8% | -5.3% | na | na | na |
| QQWZ Tax-Cost Ratio | na | na | 0.2% | na | na | na |
QQWZ Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| QQWZ Return (NAV) | 9.1% | na | na | na | na | na | na | na | na | na | na |
| QQWZ Return (Price) | 10.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.116% | na | na | na | na | na | na | na | na | na | na |
| Large Value Avg | 14.4% | 14.8% | 15.5% | 13.1% | -6.5% | 26.7% | 5.4% | 27.4% | -6.6% | 17.7% | 15.7% |
| QQWZ Grade (NAV) | F | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -5.3% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | 0.6% |
| Total Assets: | $ 51 Mil |
| Share Class Assets: | $ 51 Mil |
| Turnover: | 3.0% |
| Expense Ratio: | 0.49% |
| Index Fund: | Yes |
| Index Tracked: | Pacer COWZ NDX Rotator TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 1.2 years | |||
| Average Tenure: 1.2 years | |||
| Managers (Year): Kavanaugh Bruce (2025), Wang Danke (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 106 |
| % in Top 10 Holdings: | 46.4% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 2.6% |
Portfolio Allocation |
|
| Domestic Stock: | 96.8% |
| Foreign Stock: | 2.6% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.6% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Pacer |
| Phone Number: | 877-337-0500 |
| Website: | www.paceretfs.com |
| Inception Date: | May 6, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.49% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.37% |
