MCOW vs. SIXL

Last updated Jun 23, 2026

MCOW (Pacer S&P MidCap 400 Quality FCF Aristocrats ETF) and SIXL (ETC 6 Meridian Low Beta Equity Strategy ETF) are both Mid Cap Blend Equities funds. MCOW is passively managed, while SIXL is actively managed. At a 0.29 correlation, their price movements are largely independent. MCOW charges 0.49%/yr vs 0.47%/yr for SIXL.

Performance

MCOW vs. SIXL - 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 ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MCOW achieves a 7.58% return, which is significantly higher than SIXL's 5.54% return.

MCOW

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

SIXL

• 1D: -0.02%
• 1M: -1.13%
• YTD: 5.54%
• 6M: 3.37%
• 1Y: 6.99%
• 3Y*: 8.78%
• 5Y*: 3.92%
• 10Y*: —

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

MCOW vs. SIXL - Yearly Performance Comparison

	2026 (YTD)	2025
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	7.58%	-3.62%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	5.54%	-1.91%

Correlation

The correlation between MCOW and SIXL is 0.29, 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	0.29

Return for Risk

MCOW vs. SIXL — 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.

SIXL

SIXL Risk / Return Rank: 21
SIXL Sharpe Ratio Rank: 21
SIXL Sortino Ratio Rank: 20
SIXL Omega Ratio Rank: 19
SIXL Calmar Ratio Rank: 23
SIXL Martin Ratio Rank: 23

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. SIXL - 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 ETC 6 Meridian Low Beta Equity Strategy ETF (SIXL). 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	SIXL	Difference
Sharpe ratio: Return per unit of total volatility	—	0.71	—
Sortino ratio: Return per unit of downside risk	—	1.05	—
Omega ratio: Gain probability vs. loss probability	—	1.13	—
Calmar ratio: Return relative to maximum drawdown	—	1.08	—
Martin ratio: Return relative to average drawdown	—	2.88	—

Drawdowns

MCOW vs. SIXL - Drawdown Comparison

The maximum MCOW drawdown since its inception was -15.02%, smaller than the maximum SIXL drawdown of -16.08%. Use the drawdown chart below to compare losses from any high point for MCOW and SIXL.

Drawdown Indicators

	MCOW	SIXL	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-16.08%	+1.06%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.52%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-11.65%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-16.08%	—
Current Drawdown Current decline from peak	-1.45%	-4.11%	+2.66%
Average Drawdown Average peak-to-trough decline	-4.46%	-4.56%	+0.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.44%	—

Volatility

Volatility by Period

	MCOW	SIXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.43%	—
Volatility (6M) Calculated over the trailing 6-month period	—	7.05%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.96%	9.88%	+8.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.96%	12.18%	+5.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.96%	12.56%	+5.40%

MCOW vs. SIXL - Expense Ratio Comparison

MCOW has a 0.49% expense ratio, which is higher than SIXL's 0.47% expense ratio.

Dividends

MCOW vs. SIXL - Dividend Comparison

MCOW's dividend yield for the trailing twelve months is around 0.21%, less than SIXL's 2.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	0.21%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%
SIXL ETC 6 Meridian Low Beta Equity Strategy ETF	2.26%	2.31%	1.28%	1.48%	1.45%	0.67%	0.40%

Frequently Asked Questions

Can I hold both MCOW and SIXL in my portfolio?

MCOW and SIXL have a correlation of 0.29, 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 SIXL?

On fees, SIXL is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MCOW or SIXL?

SIXL is cheaper with a 0.47% expense ratio, compared with 0.49% for MCOW.

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

SIXL has the higher dividend yield at 2.26%, compared with 0.21% for MCOW.

What is the main difference between MCOW and SIXL?

They also come from different issuers: Pacer and Exchange Traded Concepts. Their fees differ too: 0.49% for MCOW and 0.47% for SIXL.