MCOW vs. TUSA

Last updated Jun 6, 2026

MCOW (Pacer S&P MidCap 400 Quality FCF Aristocrats ETF) and TUSA (First Trust Total US Market AlphaDEX ETF) are both Mid Cap Blend Equities funds - MCOW tracks the S&P MidCap 400 Quality FCF Aristocrats Index while TUSA tracks the NASDAQ AlphaDEX Total US Market Index. Both are passively managed. A 0.52 correlation means they provide meaningful diversification when combined. MCOW charges 0.49%/yr vs 0.70%/yr for TUSA.

Performance

MCOW vs. TUSA - 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 First Trust Total US Market AlphaDEX ETF (TUSA). 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 TUSA's 7.49% return.

MCOW

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

TUSA

• 1D: 0.04%
• 1M: -1.06%
• YTD: 7.49%
• 6M: 7.70%
• 1Y: 20.76%
• 3Y*: 16.18%
• 5Y*: 6.51%
• 10Y*: 10.85%

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

MCOW vs. TUSA - Yearly Performance Comparison

	2026 (YTD)	2025
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	5.86%	-3.62%
TUSA First Trust Total US Market AlphaDEX ETF	7.49%	1.95%

Correlation

The correlation between MCOW and TUSA is 0.52, 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 Aug 29, 2025	0.52

Return for Risk

MCOW vs. TUSA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

TUSA

TUSA Risk / Return Rank: 55
TUSA Sharpe Ratio Rank: 50
TUSA Sortino Ratio Rank: 55
TUSA Omega Ratio Rank: 49
TUSA Calmar Ratio Rank: 67
TUSA Martin Ratio Rank: 53

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. TUSA - 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 First Trust Total US Market AlphaDEX ETF (TUSA). 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	TUSA	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.62	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.37	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.54	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.15	0.32	-0.17

Drawdowns

MCOW vs. TUSA - Drawdown Comparison

The maximum MCOW drawdown since its inception was -15.02%, smaller than the maximum TUSA drawdown of -56.53%. Use the drawdown chart below to compare losses from any high point for MCOW and TUSA.

Drawdown Indicators

	MCOW	TUSA	Difference
Max Drawdown Largest peak-to-trough decline	-15.02%	-56.53%	+41.51%
Max Drawdown (1Y) Largest decline over 1 year	—	-6.57%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-18.04%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.35%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-42.47%	—
Current Drawdown Current decline from peak	-3.02%	-3.61%	+0.59%
Average Drawdown Average peak-to-trough decline	-4.58%	-9.87%	+5.29%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.46%	—

Volatility

Volatility by Period

	MCOW	TUSA	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.53%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.75%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.89%	12.89%	+5.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.89%	17.64%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.89%	20.14%	-2.25%

MCOW vs. TUSA - Expense Ratio Comparison

MCOW has a 0.49% expense ratio, which is lower than TUSA's 0.70% expense ratio.

Dividends

MCOW vs. TUSA - Dividend Comparison

MCOW's dividend yield for the trailing twelve months is around 0.22%, less than TUSA's 1.64% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MCOW Pacer S&P MidCap 400 Quality FCF Aristocrats ETF	0.22%	0.11%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
TUSA First Trust Total US Market AlphaDEX ETF	1.64%	1.59%	2.05%	2.15%	2.31%	0.72%	0.99%	1.13%	1.14%	0.79%	1.24%	0.95%

Frequently Asked Questions

Can I hold both MCOW and TUSA in my portfolio?

MCOW and TUSA have a correlation of 0.52, 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 TUSA?

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 TUSA?

MCOW is cheaper with a 0.49% expense ratio, compared with 0.70% for TUSA.

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

TUSA has the higher dividend yield at 1.64%, compared with 0.22% for MCOW.

What is the main difference between MCOW and TUSA?

MCOW tracks S&P MidCap 400 Quality FCF Aristocrats Index, while TUSA tracks NASDAQ AlphaDEX Total US Market Index. They also come from different issuers: Pacer and First Trust. Their fees differ too: 0.49% for MCOW and 0.70% for TUSA.