MID vs. PAMC

Last updated Aug 2, 2026

MID (American Century Mid Cap Growth Impact ETF) and PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) are both Mid Cap Growth Equities funds. MID is actively managed, while PAMC is passively managed. Over the past 5 years, MID returned 2.57%/yr vs 9.60%/yr for PAMC. Their 0.77 correlation means they have sometimes moved together and sometimes differently. MID charges 0.45%/yr vs 0.60%/yr for PAMC.

Performance

MID vs. PAMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in American Century Mid Cap Growth Impact ETF (MID) 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, MID achieves a 2.51% return, which is significantly lower than PAMC's 15.63% return.

MID

• 1D: 0.19%
• 1M: -2.00%
• 6M: 1.56%
• YTD: 2.51%
• 1Y: 1.83%
• 3Y*: 11.74%
• 5Y*: 2.57%
• 10Y*: —
• ALL TIME*: 9.07%

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)
MID American Century Mid Cap Growth Impact ETF	$78.49K	$249.03K	$206.22K
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	$146.26K	$127.92K	$342.42K

MID vs. PAMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
MID American Century Mid Cap Growth Impact ETF	2.51%	8.22%	19.40%	22.20%	-27.44%	10.39%	30.35%
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	15.63%	1.54%	26.20%	19.30%	-12.15%	13.15%	31.27%

Correlation

The correlation between MID and PAMC is 0.73, 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.	0.73
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (5Y) Shows whether the relationship held over a longer period.	0.82
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020	0.77

The correlation between MID and PAMC has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.

MID vs. PAMC - Sectors Allocation Comparison

Sectors	MID	PAMC
Technology	33.9%	10.8%
Industrials	20.5%	23.2%
Healthcare	12.8%	5.8%
Consumer Cyclical	12.5%	12.5%
Energy	7.6%	7.8%
Communication Services	4.5%	0.8%
Utilities	3.2%	3.5%
Financial Services	2.7%	19.8%
Basic Materials	2.4%	5.5%
Consumer Defensive	1.6%	3.4%
Real Estate	-	6.8%

Return for Risk

MID vs. PAMC — Risk / Return Rank

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

MID

MID Risk / Return Rank: 12
MID Sharpe Ratio Rank: 13
MID Sortino Ratio Rank: 12
MID Omega Ratio Rank: 12
MID Calmar Ratio Rank: 12
MID Martin Ratio Rank: 12

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.

MID vs. PAMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for American Century Mid Cap Growth Impact ETF (MID) 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.

	MID	PAMC	Difference
Sharpe ratio: Return per unit of total volatility	0.07	1.26	-1.19
Sortino ratio: Return per unit of downside risk	0.22	1.88	-1.66
Omega ratio: Gain probability vs. loss probability	1.03	1.24	-0.21
Calmar ratio: Return relative to maximum drawdown	0.09	2.33	-2.23
Martin ratio: Return relative to average drawdown	0.26	8.42	-8.16

MID vs. PAMC - Sharpe Ratio Comparison

The current MID Sharpe Ratio is 0.07, which is lower than the PAMC Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of MID 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

MID vs. PAMC - Drawdown Comparison

The maximum MID drawdown since its inception was -40.15%, which is greater than PAMC's maximum drawdown of -27.04%. Use the drawdown chart below to compare losses from any high point for MID and PAMC.

Drawdown Indicators

	MID	PAMC	Difference
Max Drawdown Largest peak-to-trough decline	-40.15%	-27.04%	-13.11%
Max Drawdown (1Y) Largest decline over 1 year	-13.89%	-10.24%	-3.65%
Max Drawdown (3Y) Largest decline over 3 years	-23.92%	-26.07%	+2.15%
Max Drawdown (5Y) Largest decline over 5 years	-40.15%	-26.61%	-13.54%
Current Drawdown Current decline from peak	-4.83%	-3.30%	-1.53%
Average Drawdown Average peak-to-trough decline	-13.15%	-7.32%	-5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.83%	2.83%	+2.00%

Volatility

MID vs. PAMC - Volatility Comparison

American Century Mid Cap Growth Impact ETF (MID) has a higher volatility of 4.75% compared to Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) at 4.30%. This indicates that MID's price experiences larger fluctuations and is considered to be riskier than PAMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MID	PAMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	4.30%	+0.45%
Volatility (6M) Calculated over the trailing 6-month period	14.01%	14.15%	-0.14%
Volatility (1Y) Calculated over the trailing 1-year period	17.75%	18.94%	-1.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.72%	20.21%	+3.51%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.80%	20.62%	+3.18%

MID vs. PAMC - Expense Ratio Comparison

MID has a 0.45% expense ratio, which is lower than PAMC's 0.60% expense ratio.

Dividends

MID vs. PAMC - Dividend Comparison

MID's dividend yield for the trailing twelve months is around 0.15%, less than PAMC's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
MID American Century Mid Cap Growth Impact ETF	0.15%	0.18%	0.17%	0.02%	0.00%	0.00%	0.00%
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	1.12%	1.11%	0.97%	0.69%	1.29%	0.36%	0.30%

Frequently Asked Questions

Can I hold both MID and PAMC in my portfolio?

MID and PAMC have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MID or PAMC?

MID has higher volatility (4.75%) compared to PAMC (4.30%). In terms of maximum drawdown, MID dropped -40.15% vs PAMC's -27.04%.

Which ETF is better, MID or PAMC?

On 5-year performance, PAMC leads with 9.60% vs 2.57% for MID. On fees, MID is cheaper at 0.45% per year. On volatility, PAMC has been the lower-risk option at 4.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MID or PAMC?

Over the 5-year period, PAMC has performed better with a 9.60% return vs 2.57%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MID or PAMC?

MID is cheaper with a 0.45% expense ratio, compared with 0.60% for PAMC.

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

PAMC has the higher dividend yield at 1.12%, compared with 0.15% for MID.

What is the main difference between MID and PAMC?

They also come from different issuers: American Century and Pacer. Their fees differ too: 0.45% for MID and 0.60% for PAMC.

Which has better risk-adjusted returns?

PAMC currently has the higher Sharpe Ratio (1.26 vs 0.07), 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.