PAMC vs. IVOG
PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) and IVOG (Vanguard S&P Mid-Cap 400 Growth ETF) are both Mid Cap Growth Equities funds - PAMC tracks the Lunt Capital U.S. MidCap Multi-Factor Rotation Index while IVOG tracks the S&P MidCap 400 Growth Index. Both are passively managed. Over the past 5 years, PAMC returned 9.92%/yr vs 8.21%/yr for IVOG. Their correlation of 0.93 suggests significant overlap in exposure. PAMC charges 0.60%/yr vs 0.10%/yr for IVOG.
Performance
PAMC vs. IVOG - Performance Comparison
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Returns By Period
In the year-to-date period, PAMC achieves a 15.47% return, which is significantly lower than IVOG's 16.96% return.
PAMC
- 1D
- -0.86%
- 1M
- -2.89%
- 6M
- 9.19%
- YTD
- 15.47%
- 1Y
- 21.99%
- 3Y*
- 15.33%
- 5Y*
- 9.92%
- 10Y*
- —
IVOG
- 1D
- -1.05%
- 1M
- -1.65%
- 6M
- 11.10%
- YTD
- 16.96%
- 1Y
- 23.29%
- 3Y*
- 14.86%
- 5Y*
- 8.21%
- 10Y*
- 11.06%
PAMC vs. IVOG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF | 15.47% | 1.54% | 26.20% | 19.30% | -12.15% | 13.15% | 34.86% |
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 16.96% | 7.34% | 15.62% | 17.36% | -19.08% | 18.85% | 33.32% |
Correlation
The correlation between PAMC and IVOG is 0.90, 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 | 0.90 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.93 |
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 | 0.93 |
The correlation between PAMC and IVOG has been stable across timeframes, ranging from 0.90 to 0.94 - a consistent structural relationship.
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Return for Risk
PAMC vs. IVOG — Risk / Return Rank
PAMC
IVOG
PAMC vs. IVOG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Vanguard S&P Mid-Cap 400 Growth ETF (IVOG). 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 | IVOG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.23 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.16 | 2.41 | -0.26 |
| Martin ratioReturn relative to average drawdown | 7.86 | 9.23 | -1.37 |
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Drawdowns
PAMC vs. IVOG - Drawdown Comparison
The maximum PAMC drawdown since its inception was -27.04%, smaller than the maximum IVOG drawdown of -39.32%. Use the drawdown chart below to compare losses from any high point for PAMC and IVOG.
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Drawdown Indicators
| PAMC | IVOG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -27.04% | -39.32% | +12.28% |
Max Drawdown (1Y)Largest decline over 1 year | -10.24% | -9.69% | -0.55% |
Max Drawdown (3Y)Largest decline over 3 years | -26.07% | -25.61% | -0.46% |
Max Drawdown (5Y)Largest decline over 5 years | -26.61% | -29.31% | +2.70% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.32% | — |
Current DrawdownCurrent decline from peak | -3.44% | -3.90% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -7.37% | -5.85% | -1.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.80% | 2.53% | +0.27% |
Volatility
PAMC vs. IVOG - Volatility Comparison
The current volatility for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) is 4.91%, while Vanguard S&P Mid-Cap 400 Growth ETF (IVOG) has a volatility of 5.56%. This indicates that PAMC experiences smaller price fluctuations and is considered to be less risky than IVOG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PAMC | IVOG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.91% | 5.56% | -0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.14% | 13.92% | +0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.02% | 17.90% | +1.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.34% | 20.72% | -0.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.67% | 20.59% | +0.08% |
PAMC vs. IVOG - Expense Ratio Comparison
PAMC has a 0.60% expense ratio, which is higher than IVOG's 0.10% expense ratio.
Dividends
PAMC vs. IVOG - Dividend Comparison
PAMC's dividend yield for the trailing twelve months is around 1.13%, more than IVOG's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IVOG Vanguard S&P Mid-Cap 400 Growth ETF | 0.55% | 0.64% | 0.79% | 1.15% | 1.05% | 0.47% | 0.74% | 1.17% | 1.01% | 0.93% | 1.11% | 1.04% |
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF | 1.13% | 1.11% | 0.97% | 0.69% | 1.29% | 0.36% | 0.30% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PAMC and IVOG have a correlation of 0.90, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
IVOG has higher volatility (5.56%) compared to PAMC (4.91%). In terms of maximum drawdown, PAMC dropped -27.04% vs IVOG's -39.32%.
On 5-year performance, PAMC leads with 9.92% vs 8.21% for IVOG. On fees, IVOG is cheaper at 0.10% per year. On volatility, PAMC has been the lower-risk option at 4.91%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PAMC has performed better with a 9.92% return vs 8.21%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IVOG is cheaper with a 0.10% expense ratio, compared with 0.60% for PAMC.
PAMC has the higher dividend yield at 1.13%, compared with 0.55% for IVOG.
PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index, while IVOG tracks S&P MidCap 400 Growth Index. They also come from different issuers: Pacer and Vanguard. Their fees differ too: 0.60% for PAMC and 0.10% for IVOG.
IVOG currently has the higher Sharpe Ratio (1.31 vs 1.16), 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.
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