PALC vs. QVML

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) and Invesco S&P 500 QVM Multi-factor ETF (QVML).

PALC and QVML 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 that tracks the performance of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index. It was launched on Jun 24, 2020. QVML is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality, Value &Momentum Top 90% Multi-Factor Index - Benchmark TR Gross. It was launched on Jun 30, 2021. Both PALC and QVML are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PALC vs. QVML - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) and Invesco S&P 500 QVM Multi-factor ETF (QVML). The values are adjusted to include any dividend payments, if applicable.

PALC vs. QVML - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF	-0.64%	7.28%	21.24%	17.52%	-14.74%	8.46%
QVML Invesco S&P 500 QVM Multi-factor ETF	-4.47%	17.74%	25.87%	22.19%	-16.25%	12.56%

Returns By Period

In the year-to-date period, PALC achieves a -0.64% return, which is significantly higher than QVML's -4.47% return.

PALC

• 1D: 1.77%
• 1M: -7.15%
• YTD: -0.64%
• 6M: 0.82%
• 1Y: 9.32%
• 3Y*: 15.45%
• 5Y*: 8.35%
• 10Y*: —

QVML

• 1D: 2.74%
• 1M: -4.90%
• YTD: -4.47%
• 6M: -2.01%
• 1Y: 15.56%
• 3Y*: 17.79%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PALC vs. QVML - Expense Ratio Comparison

PALC has a 0.60% expense ratio, which is higher than QVML's 0.11% expense ratio.

PALC

Pacer Lunt Large Cap Multi-Factor Alternator ETF

QVML

Invesco S&P 500 QVM Multi-factor ETF

Return for Risk

PALC vs. QVML — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PALC

PALC Risk / Return Rank: 36
PALC Sharpe Ratio Rank: 35
PALC Sortino Ratio Rank: 34
PALC Omega Ratio Rank: 33
PALC Calmar Ratio Rank: 38
PALC Martin Ratio Rank: 39

QVML

QVML Risk / Return Rank: 54
QVML Sharpe Ratio Rank: 48
QVML Sortino Ratio Rank: 51
QVML Omega Ratio Rank: 56
QVML Calmar Ratio Rank: 52
QVML Martin Ratio Rank: 64

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PALC vs. QVML - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) and Invesco S&P 500 QVM Multi-factor ETF (QVML). 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.

	PALC	QVML	Difference
Sharpe ratio Return per unit of total volatility	0.63	0.84	-0.21
Sortino ratio Return per unit of downside risk	0.95	1.32	-0.36
Omega ratio Gain probability vs. loss probability	1.13	1.20	-0.07
Calmar ratio Return relative to maximum drawdown	0.94	1.26	-0.32
Martin ratio Return relative to average drawdown	3.59	6.20	-2.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PALC vs. QVML - Sharpe Ratio Comparison

The current PALC Sharpe Ratio is 0.63, which is comparable to the QVML Sharpe Ratio of 0.84. The chart below compares the historical Sharpe Ratios of PALC and QVML, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PALC	QVML	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.63	0.84	-0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.65	+0.22

Correlation

The correlation between PALC and QVML is 0.88, 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.

Dividends

PALC vs. QVML - Dividend Comparison

PALC's dividend yield for the trailing twelve months is around 1.17%, more than QVML's 1.15% yield.

	TTM	2025	2024	2023	2022	2021	2020
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF	1.17%	1.08%	0.93%	0.74%	1.69%	0.64%	0.72%
QVML Invesco S&P 500 QVM Multi-factor ETF	1.15%	1.10%	1.15%	1.43%	1.72%	0.62%	0.00%

Drawdowns

PALC vs. QVML - Drawdown Comparison

The maximum PALC drawdown since its inception was -24.45%, roughly equal to the maximum QVML drawdown of -23.52%. Use the drawdown chart below to compare losses from any high point for PALC and QVML.

Drawdown Indicators

	PALC	QVML	Difference
Max Drawdown Largest peak-to-trough decline	-24.45%	-23.52%	-0.93%
Max Drawdown (1Y) Largest decline over 1 year	-10.54%	-12.97%	+2.43%
Max Drawdown (5Y) Largest decline over 5 years	-24.45%	—	—
Current Drawdown Current decline from peak	-7.15%	-6.23%	-0.92%
Average Drawdown Average peak-to-trough decline	-6.46%	-5.57%	-0.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.64%	+0.12%

Volatility

PALC vs. QVML - Volatility Comparison

The current volatility for Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) is 4.45%, while Invesco S&P 500 QVM Multi-factor ETF (QVML) has a volatility of 5.17%. This indicates that PALC experiences smaller price fluctuations and is considered to be less risky than QVML based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PALC	QVML	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	5.17%	-0.72%
Volatility (6M) Calculated over the trailing 6-month period	9.17%	9.16%	+0.01%
Volatility (1Y) Calculated over the trailing 1-year period	14.82%	18.56%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.24%	16.74%	-0.50%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	16.74%	+0.49%