MCOW vs. GRNJ

Last updated Jun 6, 2026

MCOW (Pacer S&P MidCap 400 Quality FCF Aristocrats ETF) and GRNJ (Fundstrat Granny Shots US Small- & Mid-Cap ETF) are both Mid Cap Blend Equities funds. MCOW is passively managed, while GRNJ is actively managed. A 0.72 correlation means they provide meaningful diversification when combined. MCOW charges 0.49%/yr vs 0.75%/yr for GRNJ.

Performance

MCOW vs. GRNJ - 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 Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). 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 GRNJ's 19.84% return.

MCOW

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

GRNJ

• 1D: -5.87%
• 1M: -1.42%
• YTD: 19.84%
• 6M: 15.85%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MCOW vs. GRNJ - Yearly Performance Comparison

	2026 (YTD)	2025
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	5.86%	1.68%
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	19.84%	5.14%

Correlation

The correlation between MCOW and GRNJ is 0.72, 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 Nov 19, 2025	0.72

Return for Risk

MCOW vs. GRNJ - 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 Fundstrat Granny Shots US Small- & Mid-Cap ETF (GRNJ). 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	GRNJ	Difference
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	1.74	-1.59

Drawdowns

MCOW vs. GRNJ - Drawdown Comparison

The maximum MCOW drawdown since its inception was -15.02%, smaller than the maximum GRNJ drawdown of -17.32%. Use the drawdown chart below to compare losses from any high point for MCOW and GRNJ.

Drawdown Indicators

	MCOW	GRNJ	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-17.32%	+2.30%
Current Drawdown Current decline from peak	-3.02%	-6.07%	+3.05%
Average Drawdown Average peak-to-trough decline	-4.58%	-4.11%	-0.47%

Volatility

Volatility by Period

	MCOW	GRNJ	Difference
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	30.86%	-12.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	30.86%	-12.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	30.86%	-12.97%

MCOW vs. GRNJ - Expense Ratio Comparison

MCOW has a 0.49% expense ratio, which is lower than GRNJ's 0.75% expense ratio.

Dividends

MCOW vs. GRNJ - Dividend Comparison

MCOW's dividend yield for the trailing twelve months is around 0.22%, while GRNJ has not paid dividends to shareholders.

Position	TTM	2025
GRNJ Fundstrat Granny Shots US Small- & Mid-Cap ETF	0.00%	0.00%
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	0.22%	0.11%

Frequently Asked Questions

Can I hold both MCOW and GRNJ in my portfolio?

MCOW and GRNJ have a correlation of 0.72, 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 GRNJ?

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 GRNJ?

MCOW is cheaper with a 0.49% expense ratio, compared with 0.75% for GRNJ.

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

MCOW has the higher dividend yield at 0.22%, compared with 0.00% for GRNJ.

What is the main difference between MCOW and GRNJ?

They also come from different issuers: Pacer and Fundstrat. Their fees differ too: 0.49% for MCOW and 0.75% for GRNJ.