CVMC vs. PTMC
CVMC (Calvert US Mid-Cap Core Responsible Index ETF) and PTMC (Pacer Trendpilot US Mid Cap ETF) are both Mid Cap Blend Equities funds - CVMC tracks the Russell Midcap Index while PTMC tracks the Pacer Trendpilot US Mid Cap Index. Both are passively managed. Over the past 3 years, CVMC returned 15.97%/yr vs 8.67%/yr for PTMC. Their correlation of 0.86 means they have usually moved in the same direction. CVMC charges 0.15%/yr vs 0.60%/yr for PTMC.
Performance
CVMC vs. PTMC - Performance Comparison
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Returns By Period
In the year-to-date period, CVMC achieves a 20.24% return, which is significantly higher than PTMC's 15.61% return.
CVMC
- 1D
- 1.14%
- 1M
- 0.45%
- 6M
- 15.46%
- YTD
- 20.24%
- 1Y
- 27.43%
- 3Y*
- 15.97%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 13.82%
PTMC
- 1D
- 1.07%
- 1M
- 0.00%
- 6M
- 10.17%
- YTD
- 15.61%
- 1Y
- 23.67%
- 3Y*
- 8.67%
- 5Y*
- 4.26%
- 10Y*
- 5.94%
- ALL TIME*
- 6.55%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $233.55K | $229.94K | $243.24K | |
| $785.04K | $795.24K | $859.06K |
CVMC vs. PTMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 20.24% | 9.52% | 12.57% | 6.14% |
PTMC Pacer Trendpilot US Mid Cap ETF | 15.61% | -1.55% | 13.22% | -1.72% |
Correlation
The correlation between CVMC and PTMC is 0.94, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.94 |
Correlation (3Y) Balances recent behavior with more history. | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023 | 0.86 |
The correlation between CVMC and PTMC has been stable across timeframes, ranging from 0.85 to 0.94 - a consistent structural relationship.
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Return for Risk
CVMC vs. PTMC — Risk / Return Rank
CVMC
PTMC
CVMC vs. PTMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Calvert US Mid-Cap Core Responsible Index ETF (CVMC) and Pacer Trendpilot US Mid Cap ETF (PTMC). 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.
| CVMC | PTMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.41 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.27 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.95 | 2.67 | +0.27 |
| Martin ratioReturn relative to average drawdown | 11.93 | 9.68 | +2.24 |
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Drawdowns
CVMC vs. PTMC - Drawdown Comparison
The maximum CVMC drawdown since its inception was -22.53%, which is greater than PTMC's maximum drawdown of -20.53%. Use the drawdown chart below to compare losses from any high point for CVMC and PTMC.
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Drawdown Indicators
| CVMC | PTMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.53% | -20.53% | -2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -9.35% | -8.89% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -22.53% | -15.31% | -7.22% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.93% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.53% | — |
Current DrawdownCurrent decline from peak | -0.29% | -1.41% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -4.03% | -6.39% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.45% | -0.14% |
Volatility
CVMC vs. PTMC - Volatility Comparison
The current volatility for Calvert US Mid-Cap Core Responsible Index ETF (CVMC) is 3.32%, while Pacer Trendpilot US Mid Cap ETF (PTMC) has a volatility of 3.61%. This indicates that CVMC experiences smaller price fluctuations and is considered to be less risky than PTMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| CVMC | PTMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.32% | 3.61% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.98% | 11.64% | -0.66% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.34% | 15.70% | -1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.37% | 13.28% | +3.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.37% | 12.92% | +3.45% |
CVMC vs. PTMC - Expense Ratio Comparison
CVMC has a 0.15% expense ratio, which is lower than PTMC's 0.60% expense ratio.
Dividends
CVMC vs. PTMC - Dividend Comparison
CVMC's dividend yield for the trailing twelve months is around 1.17%, less than PTMC's 1.59% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
CVMC Calvert US Mid-Cap Core Responsible Index ETF | 1.17% | 1.39% | 1.21% | 1.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTMC Pacer Trendpilot US Mid Cap ETF | 1.59% | 1.84% | 0.87% | 1.92% | 0.82% | 0.12% | 0.53% | 1.40% | 0.89% | 0.67% | 0.66% |
Frequently Asked Questions
With a correlation of 0.94, CVMC and PTMC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PTMC has higher volatility (3.61%) compared to CVMC (3.32%). In terms of maximum drawdown, CVMC dropped -22.53% vs PTMC's -20.53%.
On 3-year performance, CVMC leads with 15.97% vs 8.67% for PTMC. On fees, CVMC is cheaper at 0.15% per year. On volatility, CVMC has been the lower-risk option at 3.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, CVMC has performed better with a 15.97% return vs 8.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
CVMC is cheaper with a 0.15% expense ratio, compared with 0.60% for PTMC.
PTMC has the higher dividend yield at 1.59%, compared with 1.17% for CVMC.
CVMC tracks Russell Midcap Index, while PTMC tracks Pacer Trendpilot US Mid Cap Index. They also come from different issuers: Calvert and Pacer. Their fees differ too: 0.15% for CVMC and 0.60% for PTMC.
CVMC currently has the higher Sharpe Ratio (1.92 vs 1.52), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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