MCOW vs. FDLS

Last updated Aug 1, 2026

MCOW (Pacer S&P MidCap 400 Quality FCF Aristocrats ETF) and FDLS (Inspire Fidelis Multi Factor ETF) are both exchange-traded funds - MCOW is a Quality Factor fund tracking the S&P MidCap 400 Quality FCF Aristocrats Index, while FDLS is a Mid Cap Blend Equities fund tracking the WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. Both are passively managed. Their correlation of 0.81 means they have usually moved in the same direction. MCOW charges 0.49%/yr vs 0.76%/yr for FDLS.

Performance

MCOW vs. FDLS - 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 Inspire Fidelis Multi Factor ETF (FDLS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCOW achieves a 8.57% return, which is significantly lower than FDLS's 18.91% return.

MCOW

• 1D: 0.18%
• 1M: -0.04%
• 6M: 7.96%
• YTD: 8.57%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: —

FDLS

• 1D: 0.26%
• 1M: 0.93%
• 6M: 13.39%
• YTD: 18.91%
• 1Y: 35.82%
• 3Y*: 17.43%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
FDLS Inspire Fidelis Multi Factor ETF	$1.07M	$1.36M	$1.52M
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	$5.40K	$63.77K	$46.18K

MCOW vs. FDLS - Yearly Performance Comparison

	2026 (YTD)	2025
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	8.57%	-3.62%
FDLS Inspire Fidelis Multi Factor ETF	18.91%	5.12%

Correlation

The correlation between MCOW and FDLS is 0.81, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025	0.81

Return for Risk

MCOW vs. FDLS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MCOW

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

FDLS

FDLS Risk / Return Rank: 86
FDLS Sharpe Ratio Rank: 85
FDLS Sortino Ratio Rank: 85
FDLS Omega Ratio Rank: 82
FDLS Calmar Ratio Rank: 88
FDLS Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MCOW vs. FDLS - 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 Inspire Fidelis Multi Factor ETF (FDLS). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	MCOW	FDLS	Difference
Sharpe ratio: Return per unit of total volatility	—	2.00	—
Sortino ratio: Return per unit of downside risk	—	2.82	—
Omega ratio: Gain probability vs. loss probability	—	1.35	—
Calmar ratio: Return relative to maximum drawdown	—	3.57	—
Martin ratio: Return relative to average drawdown	—	14.14	—

Drawdowns

MCOW vs. FDLS - Drawdown Comparison

The maximum MCOW drawdown since its inception was -15.02%, smaller than the maximum FDLS drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for MCOW and FDLS.

Drawdown Indicators

	MCOW	FDLS	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-23.32%	+8.30%
Max Drawdown (1Y) Largest decline over 1 year	—	-9.55%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.32%	—
Current Drawdown Current decline from peak	-1.87%	-0.66%	-1.21%
Average Drawdown Average peak-to-trough decline	-4.19%	-3.76%	-0.43%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.41%	—

Volatility

Volatility by Period

	MCOW	FDLS	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.54%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.63%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	17.09%	+0.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	18.91%	-1.40%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	18.91%	-1.40%

MCOW vs. FDLS - Expense Ratio Comparison

MCOW has a 0.49% expense ratio, which is lower than FDLS's 0.76% expense ratio.

Dividends

MCOW vs. FDLS - Dividend Comparison

MCOW's dividend yield for the trailing twelve months is around 0.21%, less than FDLS's 0.80% yield.

Position	TTM	2025	2024	2023	2022
FDLS Inspire Fidelis Multi Factor ETF	0.80%	0.86%	7.26%	0.97%	0.31%
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	0.21%	0.11%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MCOW and FDLS in my portfolio?

MCOW and FDLS have a correlation of 0.81, 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 FDLS?

On fees, MCOW is cheaper at 0.49% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCOW or FDLS?

MCOW is cheaper with a 0.49% expense ratio, compared with 0.76% for FDLS.

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

FDLS has the higher dividend yield at 0.80%, compared with 0.21% for MCOW.

What is the main difference between MCOW and FDLS?

MCOW is categorized as Quality Factor, while FDLS is Mid Cap Blend Equities. MCOW tracks S&P MidCap 400 Quality FCF Aristocrats Index, while FDLS tracks WI Fidelis Multi-Cap, Multi-Factor Index - Benchmark TR Gross. They also come from different issuers: Pacer and Inspire. Their fees differ too: 0.49% for MCOW and 0.76% for FDLS.