PALC vs. SPHQ
Compare and contrast key facts about Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) and Invesco S&P 500 Quality ETF (SPHQ).
PALC and SPHQ 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. SPHQ is a passively managed fund by Invesco that tracks the performance of the S&P 500 Quality Index. It was launched on Dec 6, 2005. Both PALC and SPHQ 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. SPHQ - Performance Comparison
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PALC vs. SPHQ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF | -0.51% | 7.28% | 21.24% | 17.52% | -14.74% | 41.03% | 22.18% |
SPHQ Invesco S&P 500 Quality ETF | 1.46% | 13.25% | 25.44% | 24.83% | -15.76% | 28.03% | 21.03% |
Returns By Period
In the year-to-date period, PALC achieves a -0.51% return, which is significantly lower than SPHQ's 1.46% return.
PALC
- 1D
- 0.14%
- 1M
- -6.59%
- YTD
- -0.51%
- 6M
- 1.07%
- 1Y
- 9.12%
- 3Y*
- 15.50%
- 5Y*
- 8.38%
- 10Y*
- —
SPHQ
- 1D
- 0.89%
- 1M
- -5.57%
- YTD
- 1.46%
- 6M
- 3.57%
- 1Y
- 16.02%
- 3Y*
- 18.54%
- 5Y*
- 12.70%
- 10Y*
- 13.63%
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PALC vs. SPHQ - Expense Ratio Comparison
PALC has a 0.60% expense ratio, which is higher than SPHQ's 0.15% expense ratio.
Return for Risk
PALC vs. SPHQ — Risk / Return Rank
PALC
SPHQ
PALC vs. SPHQ - 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 Quality ETF (SPHQ). 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 | SPHQ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 0.94 | -0.32 |
Sortino ratioReturn per unit of downside risk | 0.94 | 1.44 | -0.50 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.20 | -0.07 |
Calmar ratioReturn relative to maximum drawdown | 0.90 | 1.45 | -0.56 |
Martin ratioReturn relative to average drawdown | 3.39 | 6.35 | -2.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PALC | SPHQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.94 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.78 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.77 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.87 | 0.50 | +0.37 |
Correlation
The correlation between PALC and SPHQ is 0.85, 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. SPHQ - Dividend Comparison
PALC's dividend yield for the trailing twelve months is around 1.17%, which matches SPHQ's 1.18% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PALC Pacer Lunt Large Cap Multi-Factor Alternator ETF | 1.17% | 1.08% | 0.93% | 0.74% | 1.69% | 0.64% | 0.72% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
SPHQ Invesco S&P 500 Quality ETF | 1.18% | 1.09% | 1.15% | 1.42% | 1.85% | 1.19% | 1.55% | 1.51% | 1.85% | 1.57% | 1.67% | 2.29% |
Drawdowns
PALC vs. SPHQ - Drawdown Comparison
The maximum PALC drawdown since its inception was -24.45%, smaller than the maximum SPHQ drawdown of -57.83%. Use the drawdown chart below to compare losses from any high point for PALC and SPHQ.
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Drawdown Indicators
| PALC | SPHQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.45% | -57.83% | +33.38% |
Max Drawdown (1Y)Largest decline over 1 year | -10.54% | -10.84% | +0.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.45% | -25.04% | +0.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.60% | — |
Current DrawdownCurrent decline from peak | -7.02% | -5.92% | -1.10% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -10.78% | +4.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.79% | 2.48% | +0.31% |
Volatility
PALC vs. SPHQ - Volatility Comparison
The current volatility for Pacer Lunt Large Cap Multi-Factor Alternator ETF (PALC) is 4.27%, while Invesco S&P 500 Quality ETF (SPHQ) has a volatility of 5.32%. This indicates that PALC experiences smaller price fluctuations and is considered to be less risky than SPHQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PALC | SPHQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.27% | 5.32% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.17% | 9.67% | -0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.81% | 17.13% | -2.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.23% | 16.40% | -0.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.23% | 17.81% | -0.58% |