GFLW vs. ALTL

Last updated Aug 1, 2026

GFLW (VictoryShares Free Cash Flow Growth ETF) and ALTL (Pacer Lunt Large Cap Alternator ETF) are both Large Cap Growth Equities funds - GFLW tracks the Victory Free Cash Flow Growth Index while ALTL tracks the Lunt Capital US Large Cap Equity Rotation Index. Both are passively managed. Over the past year, GFLW returned 21.44% vs 19.44% for ALTL. Their 0.64 correlation means they have sometimes moved together and sometimes differently. GFLW charges 0.39%/yr vs 0.60%/yr for ALTL.

Performance

GFLW vs. ALTL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in VictoryShares Free Cash Flow Growth ETF (GFLW) and Pacer Lunt Large Cap Alternator ETF (ALTL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, GFLW achieves a 13.67% return, which is significantly higher than ALTL's 7.55% return.

GFLW

• 1D: 0.29%
• 1M: -3.28%
• 6M: 14.62%
• YTD: 13.67%
• 1Y: 21.44%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.37%

ALTL

• 1D: 0.04%
• 1M: -5.28%
• 6M: 6.14%
• YTD: 7.55%
• 1Y: 19.44%
• 3Y*: 6.63%
• 5Y*: 2.71%
• 10Y*: —
• ALL TIME*: 12.78%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ALTL Pacer Lunt Large Cap Alternator ETF	$161.76K	$387.58K	$319.94K
GFLW VictoryShares Free Cash Flow Growth ETF	$4.20M	$5.66M	$3.52M

GFLW vs. ALTL - Yearly Performance Comparison

	2026 (YTD)	2025	2024
GFLW VictoryShares Free Cash Flow Growth ETF	13.67%	18.40%	-5.88%
ALTL Pacer Lunt Large Cap Alternator ETF	7.55%	16.61%	-4.88%

Correlation

The correlation between GFLW and ALTL is 0.68, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.68
Correlation (All Time) Calculated using the full available price history since Dec 4, 2024	0.64

The correlation between GFLW and ALTL has been stable across timeframes, ranging from 0.64 to 0.68 - a consistent structural relationship.

Return for Risk

GFLW vs. ALTL — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

GFLW

GFLW Risk / Return Rank: 37
GFLW Sharpe Ratio Rank: 37
GFLW Sortino Ratio Rank: 36
GFLW Omega Ratio Rank: 34
GFLW Calmar Ratio Rank: 37
GFLW Martin Ratio Rank: 39

ALTL

ALTL Risk / Return Rank: 34
ALTL Sharpe Ratio Rank: 31
ALTL Sortino Ratio Rank: 31
ALTL Omega Ratio Rank: 32
ALTL Calmar Ratio Rank: 36
ALTL Martin Ratio Rank: 41

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

GFLW vs. ALTL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares Free Cash Flow Growth ETF (GFLW) and Pacer Lunt Large Cap Alternator ETF (ALTL). 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.

	GFLW	ALTL	Difference
Sharpe ratio: Return per unit of total volatility	0.91	0.76	+0.15
Sortino ratio: Return per unit of downside risk	1.36	1.16	+0.19
Omega ratio: Gain probability vs. loss probability	1.16	1.15	+0.01
Calmar ratio: Return relative to maximum drawdown	1.31	1.21	+0.10
Martin ratio: Return relative to average drawdown	4.15	4.51	-0.36

GFLW vs. ALTL - Sharpe Ratio Comparison

The current GFLW Sharpe Ratio is 0.91, which is comparable to the ALTL Sharpe Ratio of 0.76. The chart below compares the historical Sharpe Ratios of GFLW and ALTL, 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

GFLW vs. ALTL - Drawdown Comparison

The maximum GFLW drawdown since its inception was -24.14%, smaller than the maximum ALTL drawdown of -31.91%. Use the drawdown chart below to compare losses from any high point for GFLW and ALTL.

Drawdown Indicators

	GFLW	ALTL	Difference
Max Drawdown Largest peak-to-trough decline	-24.14%	-31.91%	+7.77%
Max Drawdown (1Y) Largest decline over 1 year	-14.95%	-14.23%	-0.72%
Max Drawdown (3Y) Largest decline over 3 years	—	-20.08%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-31.91%	—
Current Drawdown Current decline from peak	-6.63%	-10.79%	+4.16%
Average Drawdown Average peak-to-trough decline	-4.54%	-11.42%	+6.88%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.72%	3.82%	+0.90%

Volatility

GFLW vs. ALTL - Volatility Comparison

The current volatility for VictoryShares Free Cash Flow Growth ETF (GFLW) is 5.87%, while Pacer Lunt Large Cap Alternator ETF (ALTL) has a volatility of 9.45%. This indicates that GFLW experiences smaller price fluctuations and is considered to be less risky than ALTL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	GFLW	ALTL	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.87%	9.45%	-3.58%
Volatility (6M) Calculated over the trailing 6-month period	17.51%	17.73%	-0.22%
Volatility (1Y) Calculated over the trailing 1-year period	21.58%	22.63%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.84%	19.49%	+5.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.84%	20.73%	+4.11%

GFLW vs. ALTL - Expense Ratio Comparison

GFLW has a 0.39% expense ratio, which is lower than ALTL's 0.60% expense ratio.

Dividends

GFLW vs. ALTL - Dividend Comparison

GFLW has not paid dividends to shareholders, while ALTL's dividend yield for the trailing twelve months is around 0.95%.

Position	TTM	2025	2024	2023	2022	2021	2020
ALTL Pacer Lunt Large Cap Alternator ETF	0.95%	0.95%	1.56%	1.28%	1.23%	1.06%	0.75%
GFLW VictoryShares Free Cash Flow Growth ETF	0.00%	0.02%	0.01%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GFLW and ALTL in my portfolio?

GFLW and ALTL have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, GFLW or ALTL?

ALTL has higher volatility (9.45%) compared to GFLW (5.87%). In terms of maximum drawdown, GFLW dropped -24.14% vs ALTL's -31.91%.

Which ETF is better, GFLW or ALTL?

On 1-year performance, GFLW leads with 21.44% vs 19.44% for ALTL. On fees, GFLW is cheaper at 0.39% per year. On volatility, GFLW has been the lower-risk option at 5.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, GFLW or ALTL?

Over the 1-year period, GFLW has performed better with a 21.44% return vs 19.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, GFLW or ALTL?

GFLW is cheaper with a 0.39% expense ratio, compared with 0.60% for ALTL.

Which ETF pays a higher dividend yield, GFLW or ALTL?

ALTL has the higher dividend yield at 0.95%, compared with 0.00% for GFLW.

What is the main difference between GFLW and ALTL?

GFLW tracks Victory Free Cash Flow Growth Index, while ALTL tracks Lunt Capital US Large Cap Equity Rotation Index. They also come from different issuers: Victory and Pacer. Their fees differ too: 0.39% for GFLW and 0.60% for ALTL.

Which has better risk-adjusted returns?

GFLW currently has the higher Sharpe Ratio (0.91 vs 0.76), 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.