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INVNvsCOWGETF Comparison

ETF 1

INVN

Alger Russell Innovation ETF

This fund is part of

US Large Cap

+1.03%

Full INVN fund page

VS

ETF 2

COWG

Pacer US Large Cap Cash Cows Growth Leaders ETF

This fund is part of

US Multi-Factor

+0.99%

Full COWG fund page

Alger Russell Innovation ETF (INVN) belongs to the US Large Cap segment. Pacer US Large Cap Cash Cows Growth Leaders ETF (COWG) is part of the US Multi-Factor segment. INVN's top 3 sector exposures are Information Technology, Health Care and Consumer Discretionary. In contrast, COWG's top sector exposures are Information Technology, Health Care and Energy. INVN is more expensive with a Total Expense Ratio (TER) of 0.95%, versus 0.49% for COWG. INVN is down -9.51% year-to-date (YTD) with -$3M in YTD flows. COWG performs better with 3.27% YTD performance, and -$333M in YTD flows. Run a side-by-side ETF comparison of INVN and COWG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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INVN vs COWG performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 04/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	INVN COWG	+7.19%+10.82%	-3.86%+2.95%	-9.51%+3.27%	+10.40%+14.85%	n/a+82.31%	n/an/a
Flows	INVN COWG	--$96M	-$970K-$285M	-$3M-$333M	-$1M+$529M	-+$1.90B	--

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	INVN COWG	+27.13%+19.88%	+20.46%+16.65%	n/a+19.67%	n/an/a
Max drawdown	INVN COWG	-12.67%-7.69%	-20.34%-10.75%	n/a-23.66%	n/an/a
Max drawdown duration	INVN COWG	90d65d	112d204d	n/a204d	n/an/a

Trading data

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	INVN	COWG
Last sale 4/30/2026 at 1:30 PM	$19.74	$36.46
Previous close 04/29/2026	$19.57	$36.34
Consolidated volume 04/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of April 30, 2026

1-year trailing difference

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	INVN	COWG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 4/30/2026 at 1:30 PM

Live

Closed

	INVN	COWG
Last price	$19.74	$36.46
1D performance	+0.86%	+0.33%
AuM	$11.26 M	$2.17 B
E/R	0.95%	0.49%

Characteristics

	INVN	COWG
Management strategy	Passive	Passive
Provider	Fred Alger Management	PACER ETFs
Benchmark	Alger Russell Innovation Index	Pacer US Large Cap Cash Cows Growth Leaders Index
N° of holdings	49	94
Asset class	-	Equities
Trailing 12m distribution yield	Join	Join
Inception date	January 6, 2025	December 21, 2022
ESG	No	No

More INVN data on Trackinsight

More COWG data on Trackinsight

Exposure

Countries

INVN

USA

93.71%

Other

6.29%

COWG

USA

96.39%

Other

3.61%

Sectors

INVN

Information Techn.

61.27%

Health Care

22.63%

Other

16.1%

COWG

Information Techn.

40.39%

Health Care

23.11%

Energy

7.98%

Other

28.52%

Diversification

INVN

Total weight of top 15 holdings out of 15

32.27%

COWG

Total weight of top 15 holdings out of 15

33.6%

Top 15 holdings

Data as of March 31, 2026

INVN

CORCEPT THERAPEUTICS

2.33%

OKTA

2.27%

UNITY SOFTWARE

2.22%

PFIZER

2.18%

CIRRUS LOGIC

2.17%

EXPEDIA GROUP INC

2.15%

NETAPP

2.13%

ZOOM VIDEO COMMUNICATIONS INC

2.13%

DOCUSIGN INC

2.12%

EXELIXIS

2.12%

DUOLINGO INC

2.12%

TWILIO

2.11%

CCC INTELLIGENT SOLUTIONS

2.08%

JAZZ PHARMACEUTICALS

2.07%

UIPATH INC

2.07%

COWG

US5128073062

3.81%

ONTO INNOVATION INC

3.32%

SOUTHERN COPPER CORPORATION

3.23%

UTD THERAPEUT

2.87%

KLA CORPORATION

2.61%

NEWMONT CORP

2.25%

TEXAS PACIFIC LAND CORP

2.13%

JAZZ PHARMACEUTICALS

1.99%

ANALOG DEVICES

1.74%

MONOLITHIC POWER SYSTEMS

1.68%

REGENERON PHARMACEUTICALS

1.64%

BRISTOL-MYERS SQUIBB

1.60%

CLEARWAY ENERGY INC

1.60%

ROYALTY PHARMA

1.57%

DT MIDSTREAM INC

1.56%

Frequently asked questions about INVN and COWG

How have the INVN and COWG ETFs performed in 2026?

As of April 29, 2026, INVN is down -9.51% year-to-date (YTD), while COWG has returned 3.27%. That puts COWG better performer ahead so far this year.

Which ETF is attracting more investor money: INVN or COWG?

Year-to-date, the INVN ETF saw -$3M in flows, compared to -$333M for COWG.

Which ETF is more volatile: INVN or COWG?

Over the past year, INVN had a volatility of 20.46%, while COWG experienced 16.65%.

Which ETF is bigger: INVN or COWG?

As of April 29, 2026, INVN holds $11.26 M in assets under management (AUM), while COWG manages $2.17 B.

What sectors do the INVN and COWG ETFs invest in?

INVN leans toward sectors like Information Technology and Health Care. Meanwhile, COWG focuses on Information Technology, Health Care and Energy.

What are the top holdings of the INVN ETF and COWG ETF?

INVN top holdings include CORCEPT THERAPEUTICS, OKTA and UNITY SOFTWARE. COWG holds in its top three: US5128073062, ONTO INNOVATION INC and SOUTHERN COPPER CORPORATION.

Which ETF is more diversified: INVN or COWG?

INVN holds 49 securities with 32.27% of its assets in the top 15. COWG has 100 securities and a top 15 weight of 33.6%.

Pacer Cash Cows ETFs: Investing in Quality Stocks

April 28, 2023

COWG

INVNvsCOWGETF Comparison

Alger Russell Innovation ETF

Pacer US Large Cap Cash Cows Growth Leaders ETF

INVN vs COWG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the INVN and COWG ETFs performed in 2026?

As of April 29, 2026, INVN is down -9.51% year-to-date (YTD), while COWG has returned 3.27%. That puts COWG better performer ahead so far this year.

Which ETF is attracting more investor money: INVN or COWG?

Year-to-date, the INVN ETF saw -$3M in flows, compared to -$333M for COWG.

Which ETF is more volatile: INVN or COWG?

Over the past year, INVN had a volatility of 20.46%, while COWG experienced 16.65%.

Which ETF is bigger: INVN or COWG?

As of April 29, 2026, INVN holds $11.26 M in assets under management (AUM), while COWG manages $2.17 B.

What sectors do the INVN and COWG ETFs invest in?

INVN leans toward sectors like Information Technology and Health Care. Meanwhile, COWG focuses on Information Technology, Health Care and Energy.

What are the top holdings of the INVN ETF and COWG ETF?

INVN top holdings include CORCEPT THERAPEUTICS, OKTA and UNITY SOFTWARE. COWG holds in its top three: US5128073062, ONTO INNOVATION INC and SOUTHERN COPPER CORPORATION.

Which ETF is more diversified: INVN or COWG?

INVN holds 49 securities with 32.27% of its assets in the top 15. COWG has 100 securities and a top 15 weight of 33.6%.

Pacer Cash Cows ETFs: Investing in Quality Stocks

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