Correlation
The correlation between AFMC and PAMC is 0.82, 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.
AFMC vs. PAMC
Compare and contrast key facts about First Trust Active Factor Mid Cap ETF (AFMC) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC).
AFMC and PAMC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. AFMC is an actively managed fund by First Trust. It was launched on Dec 3, 2019. PAMC is a passively managed fund by Pacer Advisors that tracks the performance of the Lunt Capital U.S. MidCap Multi-Factor Rotation Index. It was launched on Jun 24, 2020.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: AFMC or PAMC.
Performance
AFMC vs. PAMC - Performance Comparison
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Key characteristics
AFMC:
0.37
PAMC:
-0.13
AFMC:
0.56
PAMC:
-0.21
AFMC:
1.07
PAMC:
0.97
AFMC:
0.27
PAMC:
-0.19
AFMC:
0.81
PAMC:
-0.53
AFMC:
7.34%
PAMC:
9.45%
AFMC:
21.18%
PAMC:
20.34%
AFMC:
-42.14%
PAMC:
-27.03%
AFMC:
-9.14%
PAMC:
-15.04%
Returns By Period
In the year-to-date period, AFMC achieves a -0.31% return, which is significantly higher than PAMC's -7.61% return.
AFMC
-0.31%
4.87%
-8.48%
7.71%
10.92%
14.26%
N/A
PAMC
-7.61%
4.29%
-14.38%
-2.53%
10.18%
N/A
N/A
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AFMC vs. PAMC - Expense Ratio Comparison
AFMC has a 0.65% expense ratio, which is higher than PAMC's 0.60% expense ratio.
Risk-Adjusted Performance
AFMC vs. PAMC — Risk-Adjusted Performance Rank
AFMC
PAMC
AFMC vs. PAMC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Active Factor Mid Cap ETF (AFMC) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC). 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.
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Dividends
AFMC vs. PAMC - Dividend Comparison
AFMC's dividend yield for the trailing twelve months is around 0.82%, less than PAMC's 0.95% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
AFMC First Trust Active Factor Mid Cap ETF | 0.82% | 0.64% | 0.87% | 1.42% | 0.84% | 1.05% | 0.29% |
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF | 0.95% | 0.97% | 0.69% | 1.29% | 0.36% | 0.30% | 0.00% |
Drawdowns
AFMC vs. PAMC - Drawdown Comparison
The maximum AFMC drawdown since its inception was -42.14%, which is greater than PAMC's maximum drawdown of -27.03%. Use the drawdown chart below to compare losses from any high point for AFMC and PAMC.
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Volatility
AFMC vs. PAMC - Volatility Comparison
First Trust Active Factor Mid Cap ETF (AFMC) has a higher volatility of 5.33% compared to Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) at 4.33%. This indicates that AFMC's price experiences larger fluctuations and is considered to be riskier than PAMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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