COWZ Pacer US Cash Cows 100 ETF
TREND FOLLOWING PERFORMANCE HISTORY
2026-05-31
Executive Summary
The quantitative backtest for COWZ (Pacer US Cash Cows 100 ETF) using the Excess Return MMA CA* strategy in a Investing context demonstrated its primary role in risk mitigation, experiencing a maximum drawdown of -20.2% (compared to the benchmark's drawdown of -38.6%). Over the evaluated period, this protective approach generated a Compound Annual Growth Rate (CAGR) of 7.1%, compared to a Buy-and-Hold benchmark return of 15.3%. The strategy executed 30 total trades.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
* Excess Return MMA CA: Multi-Moving Average (Triple-Band) model utilizing sophisticated long/short cross durations optimized against volatility, with a month-end dynamic Cash Alternative sleeve rotation.
📊 Mathematical Model
Excess Return MMA
Advanced Ensemble: Uses multiple signal layers for maximum trend stability and noise reduction.
Excess Return MMA CA Active
Advanced Dynamic Sleeve: MMA ensemble signals on the primary asset combined with a momentum-based cash alternative ETF rotation.
Excess Return SMA
Standard Signal: Classical quantitative trend following optimized for reliable directionality.
Moving Average (50/200)
Moving Average: The baseline 50/200-day crossover model used by technical analysts worldwide.
COWZ Quality Metrics & KPI Summary
| Metric | 1Y | 5Y | Full History | |||
|---|---|---|---|---|---|---|
| Strategy | B&H | Strategy | B&H | Strategy | B&H | |
| CAGR | 16.60% | 23.52% | 4.53% | 10.66% | 7.14% | 15.29% |
| Sharpe Ratio | 1.96 | 1.91 | 0.33 | 0.58 | 0.50 | 0.67 |
| Max Drawdown | -3.64% | -5.00% | -20.23% | -22.00% | -20.23% | -38.63% |
| % Time Invested | 100.0% | 100.0% | 96.3% | 100.0% | 94.4% | 100.0% |
| Trades / Year | 0.0 | 0.0 | 2.8 | 0.0 | 4.0 | 0.0 |
Cumulative Growth Performance
Return Distribution Analysis
Trade History
This log shows every signal-driven transition. Completed trades reflect standard market cycles. An Open / Mark-to-Market exit denotes a position currently held active, valued at the latest price. Interest entries record cash yields accrued during out-of-market periods.
| Entry Date | Exit Date | Type | Allocation | Entry Price | Exit Price | Net Return % | Exit Reason |
|---|---|---|---|---|---|---|---|
| 2026-03-31 | Open | Open | 33.33% | $62.24 | $64.97 | 4.39% | Mark-to-Market |
| 2025-11-04 | Open | Open | 33.33% | $56.66 | $64.97 | 14.66% | Mark-to-Market |
| 2025-07-28 | Open | Open | 33.33% | $56.27 | $64.97 | 15.46% | Mark-to-Market |
| 2026-03-03 | 2026-03-31 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.27% | Interest Income |
| 2025-11-24 | 2026-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.17% | Interest Income |
| 2025-04-30 | 2025-11-24 | Completed | 33.33% | $50.29 | $57.45 | 14.24% | Signal |
| 2025-06-03 | 2025-11-04 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 2.15% | Interest Income |
| 2025-06-03 | 2025-07-28 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.96% | Interest Income |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-05-02 | 2025-06-02 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.32% | Interest Income |
| 2025-04-29 | 2025-05-02 | Completed | 33.33% | $50.28 | $51.15 | 1.73% | Signal |
| 2025-03-04 | 2025-05-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.41% | Interest Income |
| 2025-04-07 | 2025-04-30 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.64% | Interest Income |
| 2025-04-04 | 2025-04-29 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.12% | Interest Income |
| 2023-12-20 | 2025-04-07 | Completed | 33.33% | $50.01 | $46.53 | -6.95% | Stop |
| 2023-04-04 | 2025-04-04 | Completed | 33.33% | $45.15 | $49.42 | 9.46% | Stop |
| 2024-09-26 | 2025-03-04 | Completed | 33.33% | $55.58 | $54.16 | -2.55% | Signal |
| 2024-08-02 | 2024-09-26 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.89% | Interest Income |
| 2024-07-31 | 2024-08-01 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |
| 2024-01-25 | 2024-07-31 | Completed | 33.33% | $49.16 | $56.01 | 13.94% | Signal |
| 2023-12-05 | 2024-01-25 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.06% | Interest Income |
| 2023-10-30 | 2023-12-20 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.81% | Interest Income |
| 2023-07-26 | 2023-12-05 | Completed | 33.33% | $47.62 | $48.04 | 0.88% | Signal |
| 2023-07-26 | 2023-10-30 | Completed | 33.33% | $47.62 | $45.07 | -5.35% | Stop |
| 2023-06-02 | 2023-07-26 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.98% | Interest Income |
| 2023-06-02 | 2023-07-26 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.98% | Interest Income |
| 2023-04-27 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.42% | Interest Income |
| 2023-04-20 | 2023-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.53% | Interest Income |
| 2023-04-10 | 2023-04-27 | Completed | 33.33% | $44.29 | $43.16 | -2.55% | Signal |
| 2022-10-18 | 2023-04-20 | Completed | 33.33% | $41.43 | $44.41 | 7.18% | Signal |
| 2023-04-04 | 2023-04-10 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.09% | Interest Income |
| 2023-03-13 | 2023-04-04 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.37% | Interest Income |
| 2023-03-16 | 2023-04-03 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.99% | Interest Income |
| 2022-12-06 | 2023-03-16 | Completed | 33.33% | $44.85 | $41.11 | -8.34% | Stop |
| 2023-01-13 | 2023-03-13 | Completed | 33.33% | $45.49 | $42.47 | -6.64% | Stop |
| 2022-12-02 | 2023-01-13 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.82% | Interest Income |
| 2022-12-02 | 2022-12-06 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-04 | 2022-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.01 | 0.52% | Interest Income |
| 2022-10-04 | 2022-10-18 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.10% | Interest Income |
| 2022-09-26 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.40% | Interest Income |
| 2022-09-22 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.22% | Interest Income |
| 2022-09-02 | 2022-10-03 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.05% | Interest Income |
| 2022-07-14 | 2022-09-26 | Completed | 33.33% | $39.26 | $37.79 | -3.74% | Stop |
| 2022-07-13 | 2022-09-22 | Completed | 33.33% | $39.63 | $39.86 | 0.57% | Signal |
| 2022-06-17 | 2022-09-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.29% | Interest Income |
| 2022-06-21 | 2022-07-14 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.04% | Interest Income |
| 2022-06-17 | 2022-07-13 | Interest (BIL) | 33.33% | $1.00 | $1.00 | 0.03% | Interest Income |
| 2021-02-19 | 2022-06-21 | Completed | 33.33% | $33.24 | $40.61 | 22.18% | Stop |
| 2020-10-05 | 2022-06-17 | Completed | 33.33% | $25.81 | $39.95 | 54.76% | Stop |
| 2020-07-07 | 2022-06-17 | Completed | 33.33% | $23.80 | $39.95 | 67.83% | Stop |
| 2020-12-02 | 2021-02-19 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.25% | Interest Income |
| 2020-11-03 | 2020-12-01 | Interest (BIL) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2020-10-29 | 2020-11-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.02% | Interest Income |
| 2020-10-07 | 2020-10-29 | Completed | 33.33% | $25.95 | $24.58 | -5.26% | Signal |
| 2020-06-12 | 2020-10-07 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.99% | Interest Income |
| 2020-06-12 | 2020-10-05 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.93% | Interest Income |
| 2020-06-12 | 2020-07-07 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-06-09 | 2020-06-12 | Completed | 33.33% | $25.94 | $24.04 | -7.35% | Stop |
| 2020-06-09 | 2020-06-12 | Completed | 33.33% | $25.94 | $24.04 | -7.35% | Stop |
| 2020-06-09 | 2020-06-12 | Completed | 33.33% | $25.94 | $24.04 | -7.35% | Stop |
| 2020-06-02 | 2020-06-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2020-06-02 | 2020-06-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2020-06-02 | 2020-06-09 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.30% | Interest Income |
| 2020-04-30 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.00% | Interest Income |
| 2020-03-25 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | -0.01% | Interest Income |
| 2020-03-09 | 2020-06-01 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.14% | Interest Income |
| 2020-03-23 | 2020-04-30 | Completed | 33.33% | $17.35 | $22.70 | 30.84% | Signal |
| 2020-03-23 | 2020-03-25 | Completed | 33.33% | $17.35 | $18.81 | 8.39% | Signal |
| 2020-03-03 | 2020-03-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-03-03 | 2020-03-23 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.39% | Interest Income |
| 2020-01-29 | 2020-03-09 | Completed | 33.33% | $26.62 | $21.44 | -19.46% | Stop |
| 2020-02-28 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.09% | Interest Income |
| 2020-02-28 | 2020-03-02 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | -0.09% | Interest Income |
| 2019-11-15 | 2020-02-28 | Completed | 33.33% | $26.79 | $23.02 | -14.05% | Stop |
| 2019-10-31 | 2020-02-28 | Completed | 33.33% | $25.81 | $23.02 | -10.81% | Stop |
| 2019-08-08 | 2020-01-29 | Interest (FLOT) | 33.33% | $1.00 | $1.02 | 1.52% | Interest Income |
| 2019-10-24 | 2019-11-15 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.15% | Interest Income |
| 2019-10-04 | 2019-10-31 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.24% | Interest Income |
| 2019-07-19 | 2019-10-24 | Completed | 33.33% | $25.44 | $25.66 | 0.89% | Signal |
| 2019-09-25 | 2019-10-04 | Completed | 33.33% | $24.97 | $24.39 | -2.33% | Signal |
| 2019-07-08 | 2019-09-25 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 0.67% | Interest Income |
| 2018-12-19 | 2019-08-08 | Completed | 33.33% | $22.57 | $24.56 | 8.84% | Signal |
| 2019-03-04 | 2019-07-19 | Interest (FLOT) | 33.33% | $1.00 | $1.01 | 1.36% | Interest Income |
| 2019-03-26 | 2019-07-08 | Completed | 33.33% | $24.79 | $25.23 | 1.76% | Signal |
| 2019-03-04 | 2019-03-26 | Interest (FLOT) | 33.33% | $1.00 | $1.00 | 0.16% | Interest Income |
| 2018-12-17 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.51% | Interest Income |
| 2018-12-17 | 2019-03-01 | Interest (SHV) | 33.33% | $1.00 | $1.01 | 0.51% | Interest Income |
| 2018-12-17 | 2018-12-19 | Interest (SHV) | 33.33% | $1.00 | $1.00 | 0.01% | Interest Income |