AFLG vs. PALC
Compare and contrast key facts about First Trust Active Factor Large Cap ETF (AFLG) and Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC).
AFLG and PALC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFLG is a passively managed fund by First Trust that tracks the performance of the Goldman Sachs ActiveBeta U.S. Large Cap Equity Index. It was launched on Dec 3, 2019. PALC is a passively managed fund by Pacer Advisors that tracks the performance of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. It was launched on Jun 24, 2020. Both AFLG and PALC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFLG or PALC.
Performance
AFLG vs. PALC - Performance Comparison
Returns By Period
In the year-to-date period, AFLG achieves a 29.35% return, which is significantly higher than PALC's 26.30% return.
AFLG
29.35%
1.85%
14.05%
36.74%
N/A
N/A
PALC
26.30%
1.38%
11.70%
35.10%
N/A
N/A
Key characteristics
| AFLG | PALC | |
|---|---|---|
| Sharpe Ratio | 3.12 | 2.64 |
| Sortino Ratio | 4.24 | 3.63 |
| Omega Ratio | 1.56 | 1.48 |
| Calmar Ratio | 4.96 | 3.80 |
| Martin Ratio | 20.10 | 13.41 |
| Ulcer Index | 1.81% | 2.58% |
| Daily Std Dev | 11.66% | 13.07% |
| Max Drawdown | -35.84% | -24.45% |
| Current Drawdown | -0.79% | -1.15% |
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AFLG vs. PALC - Expense Ratio Comparison
AFLG has a 0.55% expense ratio, which is lower than PALC's 0.60% expense ratio.
Correlation
The correlation between AFLG and PALC is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
AFLG vs. PALC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Large Cap ETF (AFLG) and Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC). 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.
Dividends
AFLG vs. PALC - Dividend Comparison
AFLG's dividend yield for the trailing twelve months is around 0.99%, more than PALC's 0.83% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|
AFLG First Trust Active Factor Large Cap ETF | 0.99% | 1.53% | 1.51% | 0.93% | 1.28% | 0.20% |
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF | 0.83% | 0.74% | 1.69% | 0.64% | 0.72% | 0.00% |
Drawdowns
AFLG vs. PALC - Drawdown Comparison
The maximum AFLG drawdown since its inception was -35.84%, which is greater than PALC's maximum drawdown of -24.45%. Use the drawdown chart below to compare losses from any high point for AFLG and PALC. For additional features, visit the drawdowns tool.
Volatility
AFLG vs. PALC - Volatility Comparison
The current volatility for First Trust Active Factor Large Cap ETF (AFLG) is 3.64%, while Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) has a volatility of 4.20%. This indicates that AFLG experiences smaller price fluctuations and is considered to be less risky than PALC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.