IVOG vs. PAMC
IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) and PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) are both Mid Cap Growth Equities funds - IVOG tracks the S&P MidCap 400 Growth Index while PAMC tracks the Lunt Capital U.S. MidCap Multi-Factor Rotation Index. Both are passively managed. Over the past 5 years, IVOG returned 7.47%/yr vs 9.60%/yr for PAMC. Their correlation of 0.93 means they have usually moved in the same direction. IVOG charges 0.10%/yr vs 0.60%/yr for PAMC.
Performance
IVOG vs. PAMC - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with IVOG having a 15.87% return and PAMC slightly lower at 15.63%.
IVOG
- 1D
- -0.07%
- 1M
- -2.89%
- 6M
- 11.25%
- YTD
- 15.87%
- 1Y
- 22.81%
- 3Y*
- 13.84%
- 5Y*
- 7.47%
- 10Y*
- 10.91%
- ALL TIME*
- 12.22%
PAMC
- 1D
- -0.04%
- 1M
- -0.96%
- 6M
- 11.11%
- YTD
- 15.63%
- 1Y
- 25.97%
- 3Y*
- 15.21%
- 5Y*
- 9.60%
- 10Y*
- —
- ALL TIME*
- 15.20%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.19M | $2.83M | $3.26M | |
| $146.26K | $127.92K | $342.42K |
IVOG vs. PAMC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 15.87% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 33.32% |
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF | 15.63% | 1.54% | 26.20% | 19.30% | -12.15% | 13.15% | 34.86% |
Correlation
The correlation between IVOG and PAMC is 0.89, 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. | 0.89 |
Correlation (3Y) Balances recent behavior with more history. | 0.93 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020 | 0.93 |
The correlation between IVOG and PAMC has been stable across timeframes, ranging from 0.89 to 0.94 - a consistent structural relationship.
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Return for Risk
IVOG vs. PAMC — Risk / Return Rank
IVOG
PAMC
IVOG vs. PAMC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) 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.
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.
| IVOG | PAMC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.20 | 2.33 | -0.12 |
| Martin ratioReturn relative to average drawdown | 7.98 | 8.42 | -0.44 |
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Drawdowns
IVOG vs. PAMC - Drawdown Comparison
The maximum IVOG drawdown since its inception was -39.32%, which is greater than PAMC's maximum drawdown of -27.04%. Use the drawdown chart below to compare losses from any high point for IVOG and PAMC.
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Drawdown Indicators
| IVOG | PAMC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.32% | -27.04% | -12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.69% | -10.24% | +0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -25.61% | -26.07% | +0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -29.31% | -26.61% | -2.70% |
Max Drawdown (10Y)Largest decline over 10 years | -39.32% | — | — |
Current DrawdownCurrent decline from peak | -4.80% | -3.30% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -7.32% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.83% | -0.16% |
Volatility
IVOG vs. PAMC - Volatility Comparison
Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) have volatilities of 4.23% and 4.30%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IVOG | PAMC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.23% | 4.30% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.00% | 14.15% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.93% | 18.94% | -1.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.70% | 20.21% | +0.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.61% | 20.62% | -0.01% |
IVOG vs. PAMC - Expense Ratio Comparison
IVOG has a 0.10% expense ratio, which is lower than PAMC's 0.60% expense ratio.
Dividends
IVOG vs. PAMC - Dividend Comparison
IVOG's dividend yield for the trailing twelve months is around 0.56%, less than PAMC's 1.12% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.56% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF | 1.12% | 1.11% | 0.97% | 0.69% | 1.29% | 0.36% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IVOG and PAMC have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PAMC has higher volatility (4.30%) compared to IVOG (4.23%). In terms of maximum drawdown, IVOG dropped -39.32% vs PAMC's -27.04%.
On 5-year performance, PAMC leads with 9.60% vs 7.47% for IVOG. On fees, IVOG is cheaper at 0.10% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PAMC has performed better with a 9.60% return vs 7.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVOG is cheaper with a 0.10% expense ratio, compared with 0.60% for PAMC.
PAMC has the higher dividend yield at 1.12%, compared with 0.56% for IVOG.
IVOG tracks S&P MidCap 400 Growth Index, while PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index. They also come from different issuers: Vanguard and Pacer. Their fees differ too: 0.10% for IVOG and 0.60% for PAMC.
PAMC currently has the higher Sharpe Ratio (1.26 vs 1.20), 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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