MCOW vs. GQI

Last updated Aug 1, 2026

MCOW (Pacer S&P MidCap 400 Quality FCF Aristocrats ETF) and GQI (Natixis Gateway Quality Income ETF) are both Quality Factor funds. MCOW is passively managed, while GQI is actively managed. Their 0.75 correlation means they have sometimes moved together and sometimes differently. MCOW charges 0.49%/yr vs 0.34%/yr for GQI.

Performance

MCOW vs. GQI - 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 Natixis Gateway Quality Income ETF (GQI). 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 GQI's 9.82% return.

MCOW

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

GQI

• 1D: 0.91%
• 1M: 1.51%
• 6M: 7.93%
• YTD: 9.82%
• 1Y: 22.33%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 16.45%

*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)
GQI Natixis Gateway Quality Income ETF	$866.96K	$1.04M	$2.05M
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	$5.40K	$63.77K	$46.18K

MCOW vs. GQI - Yearly Performance Comparison

	2026 (YTD)	2025
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	8.57%	-3.62%
GQI Natixis Gateway Quality Income ETF	9.82%	7.48%

Correlation

The correlation between MCOW and GQI is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 28, 2025	0.75

Return for Risk

MCOW vs. GQI — 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.

GQI

GQI Risk / Return Rank: 86
GQI Sharpe Ratio Rank: 87
GQI Sortino Ratio Rank: 87
GQI Omega Ratio Rank: 86
GQI Calmar Ratio Rank: 81
GQI Martin Ratio Rank: 91

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. GQI - 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 Natixis Gateway Quality Income ETF (GQI). 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	GQI	Difference
Sharpe ratio: Return per unit of total volatility	—	2.07	—
Sortino ratio: Return per unit of downside risk	—	2.92	—
Omega ratio: Gain probability vs. loss probability	—	1.38	—
Calmar ratio: Return relative to maximum drawdown	—	2.98	—
Martin ratio: Return relative to average drawdown	—	15.46	—

Drawdowns

MCOW vs. GQI - Drawdown Comparison

The maximum MCOW drawdown since its inception was -15.02%, smaller than the maximum GQI drawdown of -16.56%. Use the drawdown chart below to compare losses from any high point for MCOW and GQI.

Drawdown Indicators

	MCOW	GQI	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-16.56%	+1.54%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.96%	—
Current Drawdown Current decline from peak	-1.87%	-0.12%	-1.75%
Average Drawdown Average peak-to-trough decline	-4.19%	-1.62%	-2.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.34%	—

Volatility

Volatility by Period

	MCOW	GQI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	2.49%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.65%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.51%	9.99%	+7.52%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.51%	13.01%	+4.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.51%	13.01%	+4.50%

MCOW vs. GQI - Expense Ratio Comparison

MCOW has a 0.49% expense ratio, which is higher than GQI's 0.34% expense ratio.

Dividends

MCOW vs. GQI - Dividend Comparison

MCOW's dividend yield for the trailing twelve months is around 0.21%, less than GQI's 8.53% yield.

Position	TTM	2025	2024	2023
GQI Natixis Gateway Quality Income ETF	7.83%	8.97%	7.77%	0.31%
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	0.21%	0.11%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MCOW and GQI in my portfolio?

MCOW and GQI have a correlation of 0.75, 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 GQI?

On fees, GQI is cheaper at 0.34% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCOW or GQI?

GQI is cheaper with a 0.34% expense ratio, compared with 0.49% for MCOW.

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

GQI has the higher dividend yield at 7.83%, compared with 0.21% for MCOW.

What is the main difference between MCOW and GQI?

They also come from different issuers: Pacer and Natixis. Their fees differ too: 0.49% for MCOW and 0.34% for GQI.