PALC vs. SPGP
Compare and contrast key facts about Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) and Invesco S&P 500 GARP ETF (SPGP).
PALC and SPGP 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. SPGP is a passively managed fund by Invesco that tracks the performance of the S&P 500 GARP Index. It was launched on Jun 16, 2011. Both PALC and SPGP 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 SPGP.
Key characteristics
| PALC | SPGP | |
|---|---|---|
| YTD Return | 26.76% | 13.96% |
| 1Y Return | 41.93% | 26.14% |
| 3Y Return (Ann) | 7.98% | 6.89% |
| Sharpe Ratio | 3.09 | 1.69 |
| Sortino Ratio | 4.22 | 2.37 |
| Omega Ratio | 1.56 | 1.30 |
| Calmar Ratio | 3.35 | 2.65 |
| Martin Ratio | 15.97 | 8.00 |
| Ulcer Index | 2.57% | 3.17% |
| Daily Std Dev | 13.28% | 15.01% |
| Max Drawdown | -24.45% | -42.08% |
| Current Drawdown | 0.00% | -0.33% |
Correlation
The correlation between PALC and SPGP is 0.79, 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. SPGP - Performance Comparison
In the year-to-date period, PALC achieves a 26.76% return, which is significantly higher than SPGP's 13.96% return. 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. SPGP - Expense Ratio Comparison
PALC has a 0.60% expense ratio, which is higher than SPGP's 0.36% expense ratio.
Risk-Adjusted Performance
PALC vs. SPGP - 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 Invesco S&P 500 GARP ETF (SPGP). 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. SPGP - Dividend Comparison
PALC's dividend yield for the trailing twelve months is around 0.82%, less than SPGP's 1.31% 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% |
SPGP Invesco S&P 500 GARP ETF | 1.31% | 1.24% | 1.22% | 0.69% | 1.10% | 0.86% | 0.95% | 0.68% | 0.89% | 1.12% | 1.52% | 2.11% |
Drawdowns
PALC vs. SPGP - Drawdown Comparison
The maximum PALC drawdown since its inception was -24.45%, smaller than the maximum SPGP drawdown of -42.08%. Use the drawdown chart below to compare losses from any high point for PALC and SPGP. For additional features, visit the drawdowns tool.
Volatility
PALC vs. SPGP - Volatility Comparison
The current volatility for Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) is 4.19%, while Invesco S&P 500 GARP ETF (SPGP) has a volatility of 5.45%. This indicates that PALC experiences smaller price fluctuations and is considered to be less risky than SPGP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.