MCOW vs. COWZ

Last updated Jun 6, 2026

MCOW (Pacer S&P MidCap 400 Quality FCF Aristocrats ETF) and COWZ (Pacer US Cash Cows 100 ETF) are both exchange-traded funds - MCOW is a Mid Cap Blend Equities fund tracking the S&P MidCap 400 Quality FCF Aristocrats Index, while COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Both are passively managed. A 0.63 correlation means they provide meaningful diversification when combined. Both charge a 0.49% expense ratio.

Performance

MCOW vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer S&P MidCap 400 Quality FCF Aristocrats ETF (MCOW) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCOW achieves a 5.86% return, which is significantly lower than COWZ's 6.73% return.

MCOW

• 1D: -3.02%
• 1M: 1.11%
• YTD: 5.86%
• 6M: 4.00%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

COWZ

• 1D: -1.45%
• 1M: 0.93%
• YTD: 6.73%
• 6M: 6.93%
• 1Y: 20.99%
• 3Y*: 13.69%
• 5Y*: 10.28%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

MCOW vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	5.86%	-3.62%
COWZ Pacer US Cash Cows 100 ETF	6.73%	5.49%

Correlation

The correlation between MCOW and COWZ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025	0.63

Return for Risk

MCOW vs. COWZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

COWZ

COWZ Risk / Return Rank: 64
COWZ Sharpe Ratio Rank: 57
COWZ Sortino Ratio Rank: 60
COWZ Omega Ratio Rank: 55
COWZ Calmar Ratio Rank: 82
COWZ Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

MCOW vs. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer S&P MidCap 400 Quality FCF Aristocrats ETF (MCOW) and Pacer US Cash Cows 100 ETF (COWZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	MCOW	COWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.89	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.64	-0.49

Drawdowns

MCOW vs. COWZ - Drawdown Comparison

The maximum MCOW drawdown since its inception was -15.02%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for MCOW and COWZ.

Drawdown Indicators

	MCOW	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-38.63%	+23.61%
Max Drawdown (1Y) Largest decline over 1 year	—	-5.00%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-22.00%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.00%	—
Current Drawdown Current decline from peak	-3.02%	-2.24%	-0.78%
Average Drawdown Average peak-to-trough decline	-4.58%	-4.80%	+0.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.83%	—

Volatility

Volatility by Period

	MCOW	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.92%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.20%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	11.18%	+6.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	17.63%	+0.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	19.92%	-2.03%

MCOW vs. COWZ - Expense Ratio Comparison

Both MCOW and COWZ have an expense ratio of 0.49%.

Dividends

MCOW vs. COWZ - Dividend Comparison

MCOW's dividend yield for the trailing twelve months is around 0.22%, less than COWZ's 1.94% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	1.94%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	0.22%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MCOW and COWZ in my portfolio?

MCOW and COWZ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MCOW or COWZ?

Both ETFs have the same 0.49% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCOW or COWZ?

MCOW and COWZ have the same expense ratio: 0.49% per year.

Which ETF pays a higher dividend yield, MCOW or COWZ?

COWZ has the higher dividend yield at 1.94%, compared with 0.22% for MCOW.

What is the main difference between MCOW and COWZ?

MCOW is categorized as Mid Cap Blend Equities, while COWZ is Mid Cap Value Equities. MCOW tracks S&P MidCap 400 Quality FCF Aristocrats Index, while COWZ tracks Pacer US Cash Cows 100 Index.