MILK vs. QCON

Last updated Jun 4, 2026

MILK (Pacer US Cash Cows Bond ETF) and QCON (American Century Quality Convertible Securities ETF) are both Corporate Bonds funds. MILK is passively managed, while QCON is actively managed. MILK charges 0.49%/yr vs 0.32%/yr for QCON.

Performance

MILK vs. QCON - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows Bond ETF (MILK) and American Century Quality Convertible Securities ETF (QCON). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

MILK

• 1D: -0.24%
• 1M: 1.10%
• YTD: 2.18%
• 6M: 1.55%
• 1Y: 9.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QCON

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

MILK vs. QCON - Yearly Performance Comparison

	2026 (YTD)
MILK Pacer US Cash Cows Bond ETF	0.80%
QCON American Century Quality Convertible Securities ETF	0.00%

Return for Risk

MILK vs. QCON — Risk / Return Rank

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

MILK

MILK Risk / Return Rank: 52
MILK Sharpe Ratio Rank: 53
MILK Sortino Ratio Rank: 55
MILK Omega Ratio Rank: 51
MILK Calmar Ratio Rank: 50
MILK 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.

MILK vs. QCON - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows Bond ETF (MILK) and American Century Quality Convertible Securities ETF (QCON). 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.

	MILK	QCON	Difference
Sharpe ratio: Return per unit of total volatility	1.78	—	—
Sortino ratio: Return per unit of downside risk	2.59	—	—
Omega ratio: Gain probability vs. loss probability	1.32	—	—
Calmar ratio: Return relative to maximum drawdown	2.47	—	—
Martin ratio: Return relative to average drawdown	8.90	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	MILK	QCON	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.78	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.97	—	—

Drawdowns

MILK vs. QCON - Drawdown Comparison

The maximum MILK drawdown since its inception was -6.16%, which is greater than QCON's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for MILK and QCON.

Drawdown Indicators

	MILK	QCON	Difference
Max Drawdown Largest peak-to-trough decline	-6.16%	0.00%	-6.16%
Max Drawdown (1Y) Largest decline over 1 year	-3.75%	—	—
Current Drawdown Current decline from peak	-0.24%	0.00%	-0.24%
Average Drawdown Average peak-to-trough decline	-1.09%	0.00%	-1.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.04%	—	—

Volatility

Volatility by Period

	MILK	QCON	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.58%	—	—
Volatility (6M) Calculated over the trailing 6-month period	3.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.21%	0.00%	+5.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.69%	0.00%	+6.69%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	6.69%	0.00%	+6.69%

MILK vs. QCON - Expense Ratio Comparison

MILK has a 0.49% expense ratio, which is higher than QCON's 0.32% expense ratio.

Dividends

MILK vs. QCON - Dividend Comparison

MILK's dividend yield for the trailing twelve months is around 7.04%, while QCON has not paid dividends to shareholders.

Position	TTM	2025
MILK Pacer US Cash Cows Bond ETF	7.04%	6.97%
QCON American Century Quality Convertible Securities ETF	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, MILK or QCON?

On fees, QCON is cheaper at 0.32% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MILK or QCON?

QCON is cheaper with a 0.32% expense ratio, compared with 0.49% for MILK.

Which ETF pays a higher dividend yield, MILK or QCON?

MILK has the higher dividend yield at 7.04%, compared with 0.00% for QCON.

What is the main difference between MILK and QCON?

They also come from different issuers: Pacer and American Century. Their fees differ too: 0.49% for MILK and 0.32% for QCON.