COWZ’s worst drop since 2016 was 39%
Pacer US Cash Cows 100 ETF (COWZ) fell 39% from Jan 2020 to Mar 2020. It took 0.8 years from that peak to close at a new high, in Nov 2020. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 131st of the 203 ETFs PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2016 to now
How COWZ held up in each crash
| Crash | Years | COWZ | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −38.6% | −33.7% |
| 2022 rate shock | 2022 | −20.9% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
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What was COWZ’s maximum drawdown?
COWZ’s deepest fall since 2016 was 38.6%, from its high on January 17, 2020 to its low on March 23, 2020. The figure uses daily prices with dividends reinvested.
How long did COWZ take to recover?
0.8 years. COWZ first closed above its Jan 2020 high again on November 13, 2020.
Was COWZ riskier than the S&P 500?
Over the same years, COWZ’s worst drop was 38.6% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −31.6% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, December 23, 2016 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.