MCOW vs. GCOW

Last updated Jun 23, 2026

MCOW (Pacer S&P MidCap 400 Quality FCF Aristocrats ETF) and GCOW (Pacer Global Cash Cows Dividend 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 GCOW is a Large Cap Value Equities fund tracking the Pacer Global Cash Cows Dividends Index. Both are passively managed. At a 0.27 correlation, their price movements are largely independent. MCOW charges 0.49%/yr vs 0.60%/yr for GCOW.

Performance

MCOW vs. GCOW - 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 Global Cash Cows Dividend ETF (GCOW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with MCOW having a 7.58% return and GCOW slightly lower at 7.34%.

MCOW

• 1D: 0.23%
• 1M: 2.01%
• YTD: 7.58%
• 6M: 5.32%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

GCOW

• 1D: -0.48%
• 1M: -6.00%
• YTD: 7.34%
• 6M: 7.96%
• 1Y: 20.98%
• 3Y*: 15.59%
• 5Y*: 11.84%
• 10Y*: 9.95%

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

MCOW vs. GCOW - Yearly Performance Comparison

	2026 (YTD)	2025
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	7.58%	-3.62%
GCOW Pacer Global Cash Cows Dividend ETF	7.34%	6.12%

Correlation

The correlation between MCOW and GCOW is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025	0.27

Return for Risk

MCOW vs. GCOW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments 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.

GCOW

GCOW Risk / Return Rank: 59
GCOW Sharpe Ratio Rank: 58
GCOW Sortino Ratio Rank: 60
GCOW Omega Ratio Rank: 54
GCOW Calmar Ratio Rank: 63
GCOW Martin Ratio Rank: 61

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. GCOW - 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 Global Cash Cows Dividend ETF (GCOW). 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	GCOW	Difference
Sharpe ratio: Return per unit of total volatility	—	1.90	—
Sortino ratio: Return per unit of downside risk	—	2.72	—
Omega ratio: Gain probability vs. loss probability	—	1.33	—
Calmar ratio: Return relative to maximum drawdown	—	3.04	—
Martin ratio: Return relative to average drawdown	—	10.58	—

Drawdowns

MCOW vs. GCOW - Drawdown Comparison

The maximum MCOW drawdown since its inception was -15.02%, smaller than the maximum GCOW drawdown of -37.64%. Use the drawdown chart below to compare losses from any high point for MCOW and GCOW.

Drawdown Indicators

	MCOW	GCOW	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-37.64%	+22.62%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.93%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-12.35%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-21.48%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.64%	—
Current Drawdown Current decline from peak	-1.45%	-6.93%	+5.48%
Average Drawdown Average peak-to-trough decline	-4.46%	-5.83%	+1.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.99%	—

Volatility

Volatility by Period

	MCOW	GCOW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.95%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.29%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	11.11%	+6.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	13.50%	+4.46%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	16.17%	+1.79%

MCOW vs. GCOW - Expense Ratio Comparison

MCOW has a 0.49% expense ratio, which is lower than GCOW's 0.60% expense ratio.

Dividends

MCOW vs. GCOW - Dividend Comparison

MCOW's dividend yield for the trailing twelve months is around 0.21%, less than GCOW's 4.90% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GCOW Pacer Global Cash Cows Dividend ETF	4.90%	4.06%	5.14%	5.28%	4.39%	4.23%	4.12%	4.40%	3.94%	2.79%	1.95%
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	0.21%	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 GCOW in my portfolio?

MCOW and GCOW have a correlation of 0.27, 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 GCOW?

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 GCOW?

MCOW is cheaper with a 0.49% expense ratio, compared with 0.60% for GCOW.

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

GCOW has the higher dividend yield at 4.90%, compared with 0.21% for MCOW.

What is the main difference between MCOW and GCOW?

MCOW is categorized as Mid Cap Blend Equities, while GCOW is Large Cap Value Equities. MCOW tracks S&P MidCap 400 Quality FCF Aristocrats Index, while GCOW tracks Pacer Global Cash Cows Dividends Index. Their fees differ too: 0.49% for MCOW and 0.60% for GCOW.