PALC vs. IVV
Compare and contrast key facts about Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) and iShares Core S&P 500 ETF (IVV).
PALC and IVV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PALC is a passively managed fund by Pacer Advisors that tracks the performance of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. It was launched on Jun 24, 2020. IVV is a passively managed fund by iShares that tracks the performance of the S&P 500 Index. It was launched on May 15, 2000. Both PALC and IVV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PALC or IVV.
Key characteristics
| PALC | IVV | |
|---|---|---|
| YTD Return | 26.76% | 27.13% |
| 1Y Return | 41.93% | 39.88% |
| 3Y Return (Ann) | 7.98% | 10.28% |
| Sharpe Ratio | 3.09 | 3.15 |
| Sortino Ratio | 4.22 | 4.20 |
| Omega Ratio | 1.56 | 1.59 |
| Calmar Ratio | 3.35 | 4.62 |
| Martin Ratio | 15.97 | 20.91 |
| Ulcer Index | 2.57% | 1.86% |
| Daily Std Dev | 13.28% | 12.31% |
| Max Drawdown | -24.45% | -55.25% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PALC and IVV is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PALC vs. IVV - Performance Comparison
The year-to-date returns for both investments are quite close, with PALC having a 26.76% return and IVV slightly higher at 27.13%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PALC vs. IVV - Expense Ratio Comparison
PALC has a 0.60% expense ratio, which is higher than IVV's 0.03% expense ratio.
Risk-Adjusted Performance
PALC vs. IVV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) and iShares Core S&P 500 ETF (IVV). 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.
Dividends
PALC vs. IVV - Dividend Comparison
PALC's dividend yield for the trailing twelve months is around 0.82%, less than IVV's 1.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF | 0.82% | 0.74% | 1.69% | 0.64% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
IVV iShares Core S&P 500 ETF | 1.24% | 1.44% | 1.66% | 1.20% | 1.57% | 1.99% | 2.21% | 1.75% | 2.01% | 2.27% | 1.83% | 1.80% |
Drawdowns
PALC vs. IVV - Drawdown Comparison
The maximum PALC drawdown since its inception was -24.45%, smaller than the maximum IVV drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PALC and IVV. For additional features, visit the drawdowns tool.
Volatility
PALC vs. IVV - Volatility Comparison
Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) has a higher volatility of 4.19% compared to iShares Core S&P 500 ETF (IVV) at 3.95%. This indicates that PALC's price experiences larger fluctuations and is considered to be riskier than IVV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.