CVMC vs. PTMC

Last updated Jun 24, 2026

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 16.39%/yr vs 10.71%/yr for PTMC. Their correlation of 0.86 suggests significant overlap in exposure. CVMC charges 0.15%/yr vs 0.60%/yr for PTMC.

Performance

CVMC vs. PTMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Mid-Cap Core Responsible Index ETF (CVMC) and Pacer Trendpilot US Mid Cap ETF (PTMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVMC achieves a 16.76% return, which is significantly higher than PTMC's 14.52% return.

CVMC

• 1D: -0.33%
• 1M: 4.42%
• YTD: 16.76%
• 6M: 15.31%
• 1Y: 26.59%
• 3Y*: 16.39%
• 5Y*: —
• 10Y*: —

PTMC

• 1D: -1.09%
• 1M: 2.59%
• YTD: 14.52%
• 6M: 12.35%
• 1Y: 19.31%
• 3Y*: 10.71%
• 5Y*: 3.97%
• 10Y*: 6.55%

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

CVMC vs. PTMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CVMC Calvert US Mid-Cap Core Responsible Index ETF	16.76%	9.52%	12.57%	6.14%
PTMC Pacer Trendpilot US Mid Cap ETF	14.52%	-1.55%	13.22%	-1.72%

Correlation

The correlation between CVMC and PTMC is 0.95, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.95
Correlation (3Y) Calculated over the trailing 3-year period	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 0.86 to 0.95 - a consistent structural relationship.

Return for Risk

CVMC vs. PTMC — Risk / Return Rank

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

CVMC

CVMC Risk / Return Rank: 62
CVMC Sharpe Ratio Rank: 61
CVMC Sortino Ratio Rank: 64
CVMC Omega Ratio Rank: 57
CVMC Calmar Ratio Rank: 63
CVMC Martin Ratio Rank: 68

PTMC

PTMC Risk / Return Rank: 42
PTMC Sharpe Ratio Rank: 37
PTMC Sortino Ratio Rank: 39
PTMC Omega Ratio Rank: 36
PTMC Calmar Ratio Rank: 47
PTMC Martin Ratio Rank: 51

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.

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 ratio: Return per unit of total volatility	1.85	1.24	+0.62
Sortino ratio: Return per unit of downside risk	2.70	1.86	+0.84
Omega ratio: Gain probability vs. loss probability	1.32	1.22	+0.10
Calmar ratio: Return relative to maximum drawdown	2.86	2.18	+0.68
Martin ratio: Return relative to average drawdown	11.43	7.95	+3.49

CVMC vs. PTMC - Sharpe Ratio Comparison

The current CVMC Sharpe Ratio is 1.85, which is higher than the PTMC Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of CVMC and PTMC, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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.

Drawdown Indicators

	CVMC	PTMC	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.81%	-1.16%	+0.35%
Average Drawdown Average peak-to-trough decline	-4.13%	-6.44%	+2.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.33%	2.44%	-0.11%

Volatility

CVMC vs. PTMC - Volatility Comparison

Calvert US Mid-Cap Core Responsible Index ETF (CVMC) has a higher volatility of 5.04% compared to Pacer Trendpilot US Mid Cap ETF (PTMC) at 4.57%. This indicates that CVMC's price experiences larger fluctuations and is considered to be riskier than PTMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVMC	PTMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.04%	4.57%	+0.47%
Volatility (6M) Calculated over the trailing 6-month period	11.15%	11.80%	-0.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.46%	15.70%	-1.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.54%	13.25%	+3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.54%	12.97%	+3.57%

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 1.20%, less than PTMC's 1.61% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
CVMC Calvert US Mid-Cap Core Responsible Index ETF	1.20%	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	1.61%	1.84%	0.87%	1.92%	0.82%	0.12%	0.53%	1.40%	0.89%	0.67%	0.66%

Frequently Asked Questions

Can I hold both CVMC and PTMC in my portfolio?

With a correlation of 0.95, 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.

Which is riskier, CVMC or PTMC?

CVMC has higher volatility (5.04%) compared to PTMC (4.57%). In terms of maximum drawdown, CVMC dropped -22.53% vs PTMC's -20.53%.

Which ETF is better, CVMC or PTMC?

On 3-year performance, CVMC leads with 16.39% vs 10.71% for PTMC. On fees, CVMC is cheaper at 0.15% per year. On volatility, PTMC has been the lower-risk option at 4.57%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVMC or PTMC?

Over the 3-year period, CVMC has performed better with a 16.39% return vs 10.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVMC or PTMC?

CVMC is cheaper with a 0.15% expense ratio, compared with 0.60% for PTMC.

Which ETF pays a higher dividend yield, CVMC or PTMC?

PTMC has the higher dividend yield at 1.61%, compared with 1.20% for CVMC.

What is the main difference between CVMC and PTMC?

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.

Which has better risk-adjusted returns?

CVMC currently has the higher Sharpe Ratio (1.85 vs 1.24), 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.