PAMC vs. FEMG

Last updated Jun 24, 2026

PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) and FEMG (Fidelity Enhanced Mid Cap Growth ETF) are both Mid Cap Growth Equities funds. PAMC is passively managed, while FEMG is actively managed. A 0.61 correlation means they provide meaningful diversification when combined. PAMC charges 0.60%/yr vs 0.23%/yr for FEMG.

Performance

PAMC vs. FEMG - Performance Comparison

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

Returns By Period

PAMC

• 1D: -1.11%
• 1M: 3.39%
• YTD: 18.25%
• 6M: 15.73%
• 1Y: 29.68%
• 3Y*: 18.49%
• 5Y*: 9.24%
• 10Y*: —

FEMG

• 1D: -1.44%
• 1M: 0.49%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PAMC vs. FEMG - Yearly Performance Comparison

	2026 (YTD)
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	7.08%
FEMG Fidelity Enhanced Mid Cap Growth ETF	2.91%

Correlation

The correlation between PAMC and FEMG is 0.61, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Apr 30, 2026	0.61

PAMC vs. FEMG - Sectors Allocation Comparison

Sectors	PAMC	FEMG
Industrials	25.8%	27.7%
Technology	16.1%	22.4%
Financial Services	15.8%	6.5%
Consumer Cyclical	11.8%	18.1%
Energy	9.8%	3.7%
Basic Materials	5.6%	0.6%
Real Estate	4.0%	1.6%
Consumer Defensive	3.8%	1.7%
Healthcare	3.4%	12.1%
Utilities	3.1%	2.7%
Communication Services	0.7%	2.7%

Return for Risk

PAMC vs. FEMG — Risk / Return Rank

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

PAMC

PAMC Risk / Return Rank: 55
PAMC Sharpe Ratio Rank: 49
PAMC Sortino Ratio Rank: 50
PAMC Omega Ratio Rank: 48
PAMC Calmar Ratio Rank: 63
PAMC Martin Ratio Rank: 64

FEMG

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. FEMG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Fidelity Enhanced Mid Cap Growth ETF (FEMG). 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	FEMG	Difference
Sharpe ratio: Return per unit of total volatility	1.58	—	—
Sortino ratio: Return per unit of downside risk	2.29	—	—
Omega ratio: Gain probability vs. loss probability	1.29	—	—
Calmar ratio: Return relative to maximum drawdown	2.91	—	—
Martin ratio: Return relative to average drawdown	10.77	—	—

Drawdowns

PAMC vs. FEMG - Drawdown Comparison

The maximum PAMC drawdown since its inception was -27.04%, which is greater than FEMG's maximum drawdown of -4.66%. Use the drawdown chart below to compare losses from any high point for PAMC and FEMG.

Drawdown Indicators

	PAMC	FEMG	Difference
Max Drawdown Largest peak-to-trough decline	-27.04%	-4.66%	-22.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	—	—
Current Drawdown Current decline from peak	-1.11%	-2.69%	+1.58%
Average Drawdown Average peak-to-trough decline	-7.41%	-1.35%	-6.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	—	—

Volatility

Volatility by Period

	PAMC	FEMG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.44%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	18.90%	16.66%	+2.24%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	16.66%	+3.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	16.66%	+4.06%

PAMC vs. FEMG - Expense Ratio Comparison

PAMC has a 0.60% expense ratio, which is higher than FEMG's 0.23% expense ratio.

Dividends

PAMC vs. FEMG - Dividend Comparison

PAMC's dividend yield for the trailing twelve months is around 1.10%, more than FEMG's 0.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
FEMG Fidelity Enhanced Mid Cap Growth ETF	0.10%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	1.10%	1.11%	0.97%	0.69%	1.29%	0.36%	0.30%

Frequently Asked Questions

Can I hold both PAMC and FEMG in my portfolio?

PAMC and FEMG have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PAMC or FEMG?

On fees, FEMG is cheaper at 0.23% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PAMC or FEMG?

FEMG is cheaper with a 0.23% expense ratio, compared with 0.60% for PAMC.

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

PAMC has the higher dividend yield at 1.10%, compared with 0.10% for FEMG.

What is the main difference between PAMC and FEMG?

They also come from different issuers: Pacer and Fidelity. Their fees differ too: 0.60% for PAMC and 0.23% for FEMG.