NUMG vs. PAMC

Last updated Aug 2, 2026

NUMG (Nuveen ESG Mid-Cap Growth ETF) and PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) are both Mid Cap Growth Equities funds - NUMG tracks the MSCI TIAA ESG USA Mid Cap Growth while PAMC tracks the Lunt Capital U.S. MidCap Multi-Factor Rotation Index. Both are passively managed. Over the past 5 years, NUMG returned -1.11%/yr vs 9.60%/yr for PAMC. Their 0.78 correlation means they have sometimes moved together and sometimes differently. NUMG charges 0.30%/yr vs 0.60%/yr for PAMC.

Performance

NUMG vs. PAMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Nuveen ESG Mid-Cap Growth ETF (NUMG) 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, NUMG achieves a -3.57% return, which is significantly lower than PAMC's 15.63% return.

NUMG

• 1D: 0.35%
• 1M: -1.85%
• 6M: 1.90%
• YTD: -3.57%
• 1Y: -3.04%
• 3Y*: 4.79%
• 5Y*: -1.11%
• 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)
NUMG Nuveen ESG Mid-Cap Growth ETF	$601.10K	$621.84K	$1.03M
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	$146.26K	$127.92K	$342.42K

NUMG vs. PAMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
NUMG Nuveen ESG Mid-Cap Growth ETF	-3.57%	0.78%	11.99%	20.47%	-28.31%	12.27%	35.19%
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 NUMG and PAMC is 0.60, 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.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.75
Correlation (5Y) Shows whether the relationship held over a longer period.	0.81
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020	0.78

The correlation between NUMG and PAMC shifts across timeframes, from 0.60 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

NUMG vs. PAMC - Sectors Allocation Comparison

Sectors	NUMG	PAMC
Technology	32.4%	10.8%
Industrials	19.2%	23.2%
Healthcare	16.3%	5.8%
Consumer Cyclical	15.1%	12.5%
Financial Services	7.9%	19.8%
Communication Services	4.7%	0.8%
Real Estate	2.3%	6.8%
Basic Materials	2.2%	5.5%
Utilities	1.2%	3.5%
Consumer Defensive	-	3.4%
Energy	-	7.8%

Return for Risk

NUMG vs. PAMC — Risk / Return Rank

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

NUMG

NUMG Risk / Return Rank: 7
NUMG Sharpe Ratio Rank: 7
NUMG Sortino Ratio Rank: 7
NUMG Omega Ratio Rank: 7
NUMG Calmar Ratio Rank: 7
NUMG Martin Ratio Rank: 6

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.

NUMG vs. PAMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Nuveen ESG Mid-Cap Growth ETF (NUMG) 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.

	NUMG	PAMC	Difference
Sharpe ratio: Return per unit of total volatility	-0.29	1.26	-1.55
Sortino ratio: Return per unit of downside risk	-0.28	1.88	-2.16
Omega ratio: Gain probability vs. loss probability	0.97	1.24	-0.27
Calmar ratio: Return relative to maximum drawdown	-0.28	2.33	-2.60
Martin ratio: Return relative to average drawdown	-0.69	8.42	-9.11

NUMG vs. PAMC - Sharpe Ratio Comparison

The current NUMG Sharpe Ratio is -0.29, which is lower than the PAMC Sharpe Ratio of 1.26. The chart below compares the historical Sharpe Ratios of NUMG 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

NUMG vs. PAMC - Drawdown Comparison

The maximum NUMG drawdown since its inception was -38.85%, which is greater than PAMC's maximum drawdown of -27.04%. Use the drawdown chart below to compare losses from any high point for NUMG and PAMC.

Drawdown Indicators

	NUMG	PAMC	Difference
Max Drawdown Largest peak-to-trough decline	-38.85%	-27.04%	-11.81%
Max Drawdown (1Y) Largest decline over 1 year	-19.56%	-10.24%	-9.32%
Max Drawdown (3Y) Largest decline over 3 years	-26.58%	-26.07%	-0.51%
Max Drawdown (5Y) Largest decline over 5 years	-38.85%	-26.61%	-12.24%
Current Drawdown Current decline from peak	-12.22%	-3.30%	-8.92%
Average Drawdown Average peak-to-trough decline	-11.38%	-7.32%	-4.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.88%	2.83%	+5.05%

Volatility

NUMG vs. PAMC - Volatility Comparison

Nuveen ESG Mid-Cap Growth ETF (NUMG) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) have volatilities of 4.15% 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.

Volatility by Period

	NUMG	PAMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.15%	4.30%	-0.15%
Volatility (6M) Calculated over the trailing 6-month period	14.79%	14.15%	+0.64%
Volatility (1Y) Calculated over the trailing 1-year period	18.86%	18.94%	-0.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.96%	20.21%	+2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.80%	20.62%	+1.18%

NUMG vs. PAMC - Expense Ratio Comparison

NUMG has a 0.30% expense ratio, which is lower than PAMC's 0.60% expense ratio.

Dividends

NUMG vs. PAMC - Dividend Comparison

NUMG's dividend yield for the trailing twelve months is around 0.01%, less than PAMC's 1.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017
NUMG Nuveen ESG Mid-Cap Growth ETF	0.01%	0.01%	0.06%	0.18%	0.18%	12.76%	3.82%	0.27%	5.14%	0.56%
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%

Frequently Asked Questions

Can I hold both NUMG and PAMC in my portfolio?

NUMG and PAMC have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, NUMG or PAMC?

PAMC has higher volatility (4.30%) compared to NUMG (4.15%). In terms of maximum drawdown, NUMG dropped -38.85% vs PAMC's -27.04%.

Which ETF is better, NUMG or PAMC?

On 5-year performance, PAMC leads with 9.60% vs -1.11% for NUMG. On fees, NUMG is cheaper at 0.30% per year. On volatility, NUMG has been the lower-risk option at 4.15%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, NUMG or PAMC?

Over the 5-year period, PAMC has performed better with a 9.60% return vs -1.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, NUMG or PAMC?

NUMG is cheaper with a 0.30% expense ratio, compared with 0.60% for PAMC.

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

PAMC has the higher dividend yield at 1.12%, compared with 0.01% for NUMG.

What is the main difference between NUMG and PAMC?

NUMG tracks MSCI TIAA ESG USA Mid Cap Growth, while PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index. They also come from different issuers: Nuveen and Pacer. Their fees differ too: 0.30% for NUMG and 0.60% for PAMC.

Which has better risk-adjusted returns?

PAMC currently has the higher Sharpe Ratio (1.26 vs -0.29), 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.