PAMC vs. AFMC

Last updated Jun 23, 2026

PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) and AFMC (First Trust Active Factor Mid Cap ETF) are both exchange-traded funds - PAMC is a Mid Cap Growth Equities fund tracking the Lunt Capital U.S. MidCap Multi-Factor Rotation Index, while AFMC is a Mid Cap Blend Equities fund actively managed by First Trust. PAMC is passively managed, while AFMC is actively managed. Over the past 5 years, PAMC returned 9.70%/yr vs 11.23%/yr for AFMC. Their correlation of 0.94 suggests significant overlap in exposure. PAMC charges 0.60%/yr vs 0.65%/yr for AFMC.

Performance

PAMC vs. AFMC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and First Trust Active Factor Mid Cap ETF (AFMC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAMC achieves a 19.58% return, which is significantly higher than AFMC's 18.08% return.

PAMC

• 1D: 0.92%
• 1M: 4.55%
• YTD: 19.58%
• 6M: 16.63%
• 1Y: 32.16%
• 3Y*: 18.94%
• 5Y*: 9.70%
• 10Y*: —

AFMC

• 1D: 0.85%
• 1M: 3.30%
• YTD: 18.08%
• 6M: 15.62%
• 1Y: 30.69%
• 3Y*: 20.43%
• 5Y*: 11.23%
• 10Y*: —

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

PAMC vs. AFMC - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	19.58%	1.54%	26.20%	19.30%	-12.15%	13.15%	34.86%
AFMC First Trust Active Factor Mid Cap ETF	18.08%	10.23%	19.06%	21.46%	-15.55%	25.75%	30.58%

Correlation

The correlation between PAMC and AFMC is 0.92, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.92
Correlation (3Y) Calculated over the trailing 3-year period	0.94
Correlation (5Y) Calculated over the trailing 5-year period	0.94
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020	0.94

The correlation between PAMC and AFMC has been stable across timeframes, ranging from 0.92 to 0.94 - a consistent structural relationship.

PAMC vs. AFMC - Sectors Allocation Comparison

Sectors	PAMC	AFMC
Industrials	25.8%	20.7%
Technology	16.1%	20.9%
Financial Services	15.8%	12.8%
Consumer Cyclical	11.8%	13.4%
Energy	9.8%	5.4%
Basic Materials	5.6%	5.3%
Real Estate	4.0%	6.7%
Consumer Defensive	3.8%	2.8%
Healthcare	3.4%	9.3%
Utilities	3.1%	1.1%
Communication Services	0.7%	1.6%

Return for Risk

PAMC vs. AFMC — Risk / Return Rank

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

PAMC

PAMC Risk / Return Rank: 57
PAMC Sharpe Ratio Rank: 52
PAMC Sortino Ratio Rank: 52
PAMC Omega Ratio Rank: 51
PAMC Calmar Ratio Rank: 66
PAMC Martin Ratio Rank: 66

AFMC

AFMC Risk / Return Rank: 68
AFMC Sharpe Ratio Rank: 63
AFMC Sortino Ratio Rank: 65
AFMC Omega Ratio Rank: 59
AFMC Calmar Ratio Rank: 76
AFMC Martin Ratio Rank: 74

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.

PAMC vs. AFMC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and First Trust Active Factor Mid Cap ETF (AFMC). 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.

	PAMC	AFMC	Difference
Sharpe ratio: Return per unit of total volatility	1.71	2.03	-0.32
Sortino ratio: Return per unit of downside risk	2.45	2.91	-0.46
Omega ratio: Gain probability vs. loss probability	1.31	1.35	-0.04
Calmar ratio: Return relative to maximum drawdown	3.15	3.76	-0.61
Martin ratio: Return relative to average drawdown	11.67	13.54	-1.87

PAMC vs. AFMC - Sharpe Ratio Comparison

The current PAMC Sharpe Ratio is 1.71, which is comparable to the AFMC Sharpe Ratio of 2.03. The chart below compares the historical Sharpe Ratios of PAMC and AFMC, 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

PAMC vs. AFMC - Drawdown Comparison

The maximum PAMC drawdown since its inception was -27.04%, smaller than the maximum AFMC drawdown of -42.14%. Use the drawdown chart below to compare losses from any high point for PAMC and AFMC.

Drawdown Indicators

	PAMC	AFMC	Difference
Max Drawdown Largest peak-to-trough decline	-27.04%	-42.14%	+15.10%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-8.20%	-2.04%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-21.99%	-4.08%
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	-25.40%	-1.21%
Current Drawdown Current decline from peak	0.00%	-0.22%	+0.22%
Average Drawdown Average peak-to-trough decline	-7.42%	-7.56%	+0.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.27%	+0.49%

Volatility

PAMC vs. AFMC - Volatility Comparison

Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) has a higher volatility of 5.27% compared to First Trust Active Factor Mid Cap ETF (AFMC) at 4.54%. This indicates that PAMC's price experiences larger fluctuations and is considered to be riskier than AFMC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAMC	AFMC	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.27%	4.54%	+0.73%
Volatility (6M) Calculated over the trailing 6-month period	14.35%	11.30%	+3.05%
Volatility (1Y) Calculated over the trailing 1-year period	18.89%	15.22%	+3.67%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.39%	18.96%	+1.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	22.89%	-2.17%

PAMC vs. AFMC - Expense Ratio Comparison

PAMC has a 0.60% expense ratio, which is lower than AFMC's 0.65% expense ratio.

Dividends

PAMC vs. AFMC - Dividend Comparison

PAMC's dividend yield for the trailing twelve months is around 1.09%, more than AFMC's 0.77% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AFMC First Trust Active Factor Mid Cap ETF	0.77%	0.96%	0.64%	0.87%	1.42%	0.84%	1.05%	0.29%
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	1.09%	1.11%	0.97%	0.69%	1.29%	0.36%	0.30%	0.00%

Frequently Asked Questions

Can I hold both PAMC and AFMC in my portfolio?

With a correlation of 0.92, PAMC and AFMC move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PAMC or AFMC?

PAMC has higher volatility (5.27%) compared to AFMC (4.54%). In terms of maximum drawdown, PAMC dropped -27.04% vs AFMC's -42.14%.

Which ETF is better, PAMC or AFMC?

On 5-year performance, AFMC leads with 11.23% vs 9.70% for PAMC. On fees, PAMC is cheaper at 0.60% per year. On volatility, AFMC has been the lower-risk option at 4.54%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PAMC or AFMC?

Over the 5-year period, AFMC has performed better with a 11.23% return vs 9.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PAMC or AFMC?

PAMC is cheaper with a 0.60% expense ratio, compared with 0.65% for AFMC.

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

PAMC has the higher dividend yield at 1.09%, compared with 0.77% for AFMC.

What is the main difference between PAMC and AFMC?

PAMC is categorized as Mid Cap Growth Equities, while AFMC is Mid Cap Blend Equities. They also come from different issuers: Pacer and First Trust. Their fees differ too: 0.60% for PAMC and 0.65% for AFMC.

Which has better risk-adjusted returns?

AFMC currently has the higher Sharpe Ratio (2.03 vs 1.71), 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.