Pacer US Cash Cows Bond ETF (MILK) Performance
MILK total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +0.3% since Dec 31, 2025
- 1 year
- −0.4% total return
- Since first price
- +7.4% since 2024
MILK trailing returns vs SPY, QQQ, AGG
| Period | MILK total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.1% | −0.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.6% | −1.8% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.0% | −3.4% | +7.8% | +8.4% | −1.5% |
| YTD | +0.3% | −3.9% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.4% | −7.0% | +14.4% | +15.9% | −1.1% |
| Since inceptionDec 18, 2024 | +7.4% | −4.0% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: MILK vs SPY
From Dec 18, 2024: MILK grew to $10,741, SPY to $13,262.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
MILK returns by calendar year
1 of 1 full years positive. Best 2025 (+7.5%), worst 2025 (+7.5%). 2026 is year to date.
MILK annual returns table
| Year | MILK | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +0.3% | −4.5% | +12.3% | +15.1% | −1.0% |
| 2025 | +7.5% | −6.2% | +17.7% | +20.8% | +7.2% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
MILK risk statistics
| Statistic | Since 2024 |
|---|---|
| Annualized return | +3.3% |
| Volatility (annualized) | 5.4% |
| Sharpe ratio | -0.08 |
| Sortino ratio | -0.10 |
| Best month | +3.0% |
| Worst month | −3.2% |
| Best 12 months | +9.5% |
| Worst 12 months | −1.1% |
| Positive months | 67% |
| Beta vs S&P 500 | — |
| Correlation with S&P 500 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
MILK rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 11 | −1.1% | +6.6% | +9.5% | 91% |
Every holding period starting at a month-end since 2024. Returns for 3 years and longer are annualized.
MILK performance overview
Pacer US Cash Cows Bond ETF (MILK) returned −0.4% over the past year, with distributions reinvested. Since its first recorded price on Dec 18, 2024 it has returned +7.4%. Over the same year S&P 500 (SPY) returned +14.4%.
Related: MILK chart, MILK dividends. See the MILK overview for the latest quote and fund facts.
MILK performance FAQ
What is the MILK return over the past year?
MILK returned −0.4% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 7.0%.
How much would $10,000 invested in MILK be worth?
$10,000 invested in MILK at its first recorded close on December 18, 2024 would be worth about $10,741 on October 23, 2026 with distributions reinvested.
How volatile is MILK?
Over the past history MILK had an annualized volatility of 5.4% and a Sharpe ratio of -0.08 (excess return over 1–3 month T-bills per unit of risk).