JHMM vs. PAMC

Last updated Aug 2, 2026

JHMM (John Hancock Multifactor Mid Cap ETF) and PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) are both Mid Cap Growth Equities funds - JHMM tracks the John Hancock Dimensional Mid Cap Index while PAMC tracks the Lunt Capital U.S. MidCap Multi-Factor Rotation Index. Both are passively managed. Over the past 5 years, JHMM returned 8.30%/yr vs 9.60%/yr for PAMC. Their correlation of 0.93 means they have usually moved in the same direction. JHMM charges 0.42%/yr vs 0.60%/yr for PAMC.

Performance

JHMM vs. PAMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in John Hancock Multifactor Mid Cap ETF (JHMM) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JHMM achieves a 13.54% return, which is significantly lower than PAMC's 15.63% return.

JHMM

• 1D: -0.01%
• 1M: -0.44%
• 6M: 8.72%
• YTD: 13.54%
• 1Y: 21.81%
• 3Y*: 14.22%
• 5Y*: 8.30%
• 10Y*: 11.70%
• ALL TIME*: 12.03%

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%

*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)
JHMM John Hancock Multifactor Mid Cap ETF	$16.53M	$15.46M	$17.20M
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	$146.26K	$127.92K	$342.42K

JHMM vs. PAMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
JHMM John Hancock Multifactor Mid Cap ETF	13.54%	10.73%	14.61%	14.53%	-15.30%	24.54%	32.03%
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 JHMM 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.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020	0.93

The correlation between JHMM and PAMC has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

JHMM vs. PAMC - Sectors Allocation Comparison

Sectors	JHMM	PAMC
Financial Services	20.1%	19.8%
Technology	18.1%	10.8%
Industrials	16.4%	23.2%
Healthcare	8.5%	5.8%
Consumer Cyclical	8.3%	12.5%
Real Estate	8.1%	6.8%
Basic Materials	7.4%	5.5%
Consumer Defensive	6.1%	3.4%
Utilities	3.7%	3.5%
Energy	1.8%	7.8%
Communication Services	1.0%	0.8%

Return for Risk

JHMM vs. PAMC — Risk / Return Rank

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

JHMM

JHMM Risk / Return Rank: 64
JHMM Sharpe Ratio Rank: 60
JHMM Sortino Ratio Rank: 61
JHMM Omega Ratio Rank: 57
JHMM Calmar Ratio Rank: 67
JHMM Martin Ratio Rank: 73

PAMC

PAMC Risk / Return Rank: 58
PAMC Sharpe Ratio Rank: 51
PAMC Sortino Ratio Rank: 54
PAMC Omega Ratio Rank: 52
PAMC Calmar Ratio Rank: 67
PAMC Martin Ratio Rank: 69

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.

JHMM vs. PAMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for John Hancock Multifactor Mid Cap ETF (JHMM) 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.

	JHMM	PAMC	Difference
Sharpe ratio: Return per unit of total volatility	1.41	1.26	+0.15
Sortino ratio: Return per unit of downside risk	2.06	1.88	+0.18
Omega ratio: Gain probability vs. loss probability	1.25	1.24	+0.01
Calmar ratio: Return relative to maximum drawdown	2.34	2.33	+0.01
Martin ratio: Return relative to average drawdown	8.99	8.42	+0.57

JHMM vs. PAMC - Sharpe Ratio Comparison

The current JHMM Sharpe Ratio is 1.41, which is comparable to the PAMC Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of JHMM and PAMC, 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

JHMM vs. PAMC - Drawdown Comparison

The maximum JHMM drawdown since its inception was -40.71%, which is greater than PAMC's maximum drawdown of -27.04%. Use the drawdown chart below to compare losses from any high point for JHMM and PAMC.

Drawdown Indicators

	JHMM	PAMC	Difference
Max Drawdown Largest peak-to-trough decline	-40.71%	-27.04%	-13.67%
Max Drawdown (1Y) Largest decline over 1 year	-8.64%	-10.24%	+1.60%
Max Drawdown (3Y) Largest decline over 3 years	-21.88%	-26.07%	+4.19%
Max Drawdown (5Y) Largest decline over 5 years	-24.10%	-26.61%	+2.51%
Max Drawdown (10Y) Largest decline over 10 years	-40.71%	—	—
Current Drawdown Current decline from peak	-1.20%	-3.30%	+2.10%
Average Drawdown Average peak-to-trough decline	-5.37%	-7.32%	+1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.24%	2.83%	-0.59%

Volatility

JHMM vs. PAMC - Volatility Comparison

The current volatility for John Hancock Multifactor Mid Cap ETF (JHMM) is 2.93%, while Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) has a volatility of 4.30%. This indicates that JHMM experiences smaller price fluctuations and is considered to be less risky than PAMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	JHMM	PAMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.93%	4.30%	-1.37%
Volatility (6M) Calculated over the trailing 6-month period	10.62%	14.15%	-3.53%
Volatility (1Y) Calculated over the trailing 1-year period	14.33%	18.94%	-4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.30%	20.21%	-1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.54%	20.62%	-1.08%

JHMM vs. PAMC - Expense Ratio Comparison

JHMM has a 0.42% expense ratio, which is lower than PAMC's 0.60% expense ratio.

Dividends

JHMM vs. PAMC - Dividend Comparison

JHMM's dividend yield for the trailing twelve months is around 0.89%, less than PAMC's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHMM John Hancock Multifactor Mid Cap ETF	0.89%	0.98%	1.01%	1.17%	1.16%	0.72%	1.04%	1.02%	1.36%	0.90%	1.15%	0.33%
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

Can I hold both JHMM and PAMC in my portfolio?

JHMM 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.

Which is riskier, JHMM or PAMC?

PAMC has higher volatility (4.30%) compared to JHMM (2.93%). In terms of maximum drawdown, JHMM dropped -40.71% vs PAMC's -27.04%.

Which ETF is better, JHMM or PAMC?

On 5-year performance, PAMC leads with 9.60% vs 8.30% for JHMM. On fees, JHMM is cheaper at 0.42% per year. On volatility, JHMM has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JHMM or PAMC?

Over the 5-year period, PAMC has performed better with a 9.60% return vs 8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JHMM or PAMC?

JHMM is cheaper with a 0.42% expense ratio, compared with 0.60% for PAMC.

Which ETF pays a higher dividend yield, JHMM or PAMC?

PAMC has the higher dividend yield at 1.12%, compared with 0.89% for JHMM.

What is the main difference between JHMM and PAMC?

JHMM tracks John Hancock Dimensional Mid Cap Index, while PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index. They also come from different issuers: Manulife and Pacer. Their fees differ too: 0.42% for JHMM and 0.60% for PAMC.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.41 vs 1.26), 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.