PAMC vs. COWZ

Last updated Jun 4, 2026

PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) and COWZ (Pacer US Cash Cows 100 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 COWZ is a Mid Cap Value Equities fund tracking the Pacer US Cash Cows 100 Index. Both are passively managed. Over the past 5 years, PAMC returned 8.58%/yr vs 10.57%/yr for COWZ. Their correlation of 0.80 suggests significant overlap in exposure. PAMC charges 0.60%/yr vs 0.49%/yr for COWZ.

Performance

PAMC vs. COWZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Pacer US Cash Cows 100 ETF (COWZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PAMC achieves a 17.95% return, which is significantly higher than COWZ's 8.18% return.

PAMC

• 1D: 0.20%
• 1M: 5.18%
• YTD: 17.95%
• 6M: 18.02%
• 1Y: 28.44%
• 3Y*: 18.46%
• 5Y*: 8.58%
• 10Y*: —

COWZ

• 1D: -0.34%
• 1M: 2.61%
• YTD: 8.18%
• 6M: 9.03%
• 1Y: 22.23%
• 3Y*: 14.44%
• 5Y*: 10.57%
• 10Y*: —

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

PAMC vs. COWZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	17.95%	1.54%	26.20%	19.30%	-12.15%	13.15%	34.03%
COWZ Pacer US Cash Cows 100 ETF	8.18%	8.98%	10.64%	14.73%	0.19%	42.57%	29.90%

Correlation

The correlation between PAMC and COWZ is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.76
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.80

The correlation between PAMC and COWZ shifts across timeframes, from 0.63 (1 year) to 0.81 (5 years), reflecting how their relationship changes across market environments.

PAMC vs. COWZ - Sectors Allocation Comparison

Sectors	PAMC	COWZ
Industrials	25.6%	8.4%
Financial Services	16.5%	-
Technology	14.1%	16.0%
Consumer Cyclical	12.1%	11.7%
Energy	10.8%	16.9%
Basic Materials	5.4%	3.7%
Consumer Defensive	4.2%	10.9%
Real Estate	4.1%	-
Healthcare	3.4%	21.8%
Utilities	3.1%	-
Communication Services	0.8%	10.4%

Return for Risk

PAMC vs. COWZ — Risk / Return Rank

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

PAMC

PAMC Risk / Return Rank: 50
PAMC Sharpe Ratio Rank: 44
PAMC Sortino Ratio Rank: 45
PAMC Omega Ratio Rank: 44
PAMC Calmar Ratio Rank: 56
PAMC Martin Ratio Rank: 58

COWZ

COWZ Risk / Return Rank: 65
COWZ Sharpe Ratio Rank: 59
COWZ Sortino Ratio Rank: 62
COWZ Omega Ratio Rank: 57
COWZ Calmar Ratio Rank: 83
COWZ Martin Ratio Rank: 65

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. COWZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Pacer US Cash Cows 100 ETF (COWZ). 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.

	PAMC	COWZ	Difference
Sharpe ratio: Return per unit of total volatility	1.55	2.02	-0.47
Sortino ratio: Return per unit of downside risk	2.26	2.98	-0.73
Omega ratio: Gain probability vs. loss probability	1.29	1.36	-0.07
Calmar ratio: Return relative to maximum drawdown	2.79	4.46	-1.68
Martin ratio: Return relative to average drawdown	10.32	12.19	-1.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAMC vs. COWZ - Sharpe Ratio Comparison

The current PAMC Sharpe Ratio is 1.55, which is comparable to the COWZ Sharpe Ratio of 2.02. The chart below compares the historical Sharpe Ratios of PAMC and COWZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PAMC	COWZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	2.02	-0.47
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.60	-0.18
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.65	+0.12

Drawdowns

PAMC vs. COWZ - Drawdown Comparison

The maximum PAMC drawdown since its inception was -27.04%, smaller than the maximum COWZ drawdown of -38.63%. Use the drawdown chart below to compare losses from any high point for PAMC and COWZ.

Drawdown Indicators

	PAMC	COWZ	Difference
Max Drawdown Largest peak-to-trough decline	-27.04%	-38.63%	+11.59%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-5.00%	-5.24%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-22.00%	-4.07%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-22.00%	-5.04%
Current Drawdown Current decline from peak	0.00%	-0.91%	+0.91%
Average Drawdown Average peak-to-trough decline	-7.47%	-4.81%	-2.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	1.83%	+0.93%

Volatility

PAMC vs. COWZ - Volatility Comparison

Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) has a higher volatility of 5.65% compared to Pacer US Cash Cows 100 ETF (COWZ) at 2.56%. This indicates that PAMC's price experiences larger fluctuations and is considered to be riskier than COWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAMC	COWZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	2.56%	+3.09%
Volatility (6M) Calculated over the trailing 6-month period	14.17%	7.12%	+7.05%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	11.13%	+7.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	17.63%	+2.77%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	19.93%	+0.80%

PAMC vs. COWZ - Expense Ratio Comparison

PAMC has a 0.60% expense ratio, which is higher than COWZ's 0.49% expense ratio.

Dividends

PAMC vs. COWZ - Dividend Comparison

PAMC's dividend yield for the trailing twelve months is around 1.10%, less than COWZ's 1.99% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
COWZ Pacer US Cash Cows 100 ETF	1.99%	2.19%	1.82%	1.92%	1.96%	1.48%	2.54%	1.96%	1.67%	1.95%	0.13%
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	1.10%	1.11%	0.97%	0.69%	1.29%	0.36%	0.30%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PAMC and COWZ in my portfolio?

PAMC and COWZ have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PAMC or COWZ?

PAMC has higher volatility (5.65%) compared to COWZ (2.56%). In terms of maximum drawdown, PAMC dropped -27.04% vs COWZ's -38.63%.

Which ETF is better, PAMC or COWZ?

On 5-year performance, COWZ leads with 10.57% vs 8.58% for PAMC. On fees, COWZ is cheaper at 0.49% per year. On volatility, COWZ has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PAMC or COWZ?

Over the 5-year period, COWZ has performed better with a 10.57% return vs 8.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PAMC or COWZ?

COWZ is cheaper with a 0.49% expense ratio, compared with 0.60% for PAMC.

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

COWZ has the higher dividend yield at 1.99%, compared with 1.10% for PAMC.

What is the main difference between PAMC and COWZ?

PAMC is categorized as Mid Cap Growth Equities, while COWZ is Mid Cap Value Equities. PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index, while COWZ tracks Pacer US Cash Cows 100 Index. Their fees differ too: 0.60% for PAMC and 0.49% for COWZ.

Which has better risk-adjusted returns?

COWZ currently has the higher Sharpe Ratio (2.02 vs 1.55), 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.