PAMC vs. IWR

Last updated Jun 5, 2026

PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) and IWR (iShares Russell Midcap ETF) are both Mid Cap Growth Equities funds - PAMC tracks the Lunt Capital U.S. MidCap Multi-Factor Rotation Index while IWR tracks the Russell Midcap Index. Both are passively managed. Over the past 5 years, PAMC returned 8.61%/yr vs 8.11%/yr for IWR. Their correlation of 0.92 suggests significant overlap in exposure. PAMC charges 0.60%/yr vs 0.19%/yr for IWR.

Performance

PAMC vs. IWR - Performance Comparison

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

Returns By Period

In the year-to-date period, PAMC achieves a 18.11% return, which is significantly higher than IWR's 13.02% return.

PAMC

• 1D: 0.14%
• 1M: 3.75%
• YTD: 18.11%
• 6M: 17.31%
• 1Y: 28.76%
• 3Y*: 18.71%
• 5Y*: 8.61%
• 10Y*: —

IWR

• 1D: 0.52%
• 1M: 3.28%
• YTD: 13.02%
• 6M: 12.45%
• 1Y: 22.54%
• 3Y*: 17.59%
• 5Y*: 8.11%
• 10Y*: 11.55%

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

PAMC vs. IWR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	18.11%	1.54%	26.20%	19.30%	-12.15%	13.15%	34.03%
IWR iShares Russell Midcap ETF	13.02%	10.37%	15.21%	17.05%	-17.48%	22.44%	30.26%

Correlation

The correlation between PAMC and IWR is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (All Time) Calculated using the full available price history since Jun 26, 2020	0.92

The correlation between PAMC and IWR has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

PAMC vs. IWR - Sectors Allocation Comparison

Sectors	PAMC	IWR
Industrials	25.6%	18.4%
Financial Services	16.5%	12.5%
Technology	14.1%	17.2%
Consumer Cyclical	12.1%	11.2%
Energy	10.8%	7.2%
Basic Materials	5.4%	4.3%
Consumer Defensive	4.2%	4.1%
Real Estate	4.1%	7.0%
Healthcare	3.4%	8.7%
Utilities	3.1%	6.1%
Communication Services	0.8%	3.4%

Return for Risk

PAMC vs. IWR — Risk / Return Rank

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

PAMC

PAMC Risk / Return Rank: 51
PAMC Sharpe Ratio Rank: 45
PAMC Sortino Ratio Rank: 47
PAMC Omega Ratio Rank: 46
PAMC Calmar Ratio Rank: 58
PAMC Martin Ratio Rank: 59

IWR

IWR Risk / Return Rank: 53
IWR Sharpe Ratio Rank: 50
IWR Sortino Ratio Rank: 51
IWR Omega Ratio Rank: 48
IWR Calmar Ratio Rank: 57
IWR Martin Ratio Rank: 61

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. IWR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and iShares Russell Midcap ETF (IWR). 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	IWR	Difference
Sharpe ratio: Return per unit of total volatility	1.57	1.69	-0.13
Sortino ratio: Return per unit of downside risk	2.28	2.44	-0.16
Omega ratio: Gain probability vs. loss probability	1.29	1.30	-0.01
Calmar ratio: Return relative to maximum drawdown	2.82	2.77	+0.05
Martin ratio: Return relative to average drawdown	10.44	10.70	-0.26
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. IWR - Sharpe Ratio Comparison

The current PAMC Sharpe Ratio is 1.57, which is comparable to the IWR Sharpe Ratio of 1.69. The chart below compares the historical Sharpe Ratios of PAMC and IWR, 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	IWR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.57	1.69	-0.13
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.45	-0.02
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.50	+0.28

Drawdowns

PAMC vs. IWR - Drawdown Comparison

The maximum PAMC drawdown since its inception was -27.04%, smaller than the maximum IWR drawdown of -58.78%. Use the drawdown chart below to compare losses from any high point for PAMC and IWR.

Drawdown Indicators

	PAMC	IWR	Difference
Max Drawdown Largest peak-to-trough decline	-27.04%	-58.78%	+31.74%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-8.17%	-2.07%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-21.09%	-4.98%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	-26.18%	-0.86%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.59%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-7.47%	-7.80%	+0.33%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.11%	+0.65%

Volatility

PAMC vs. IWR - Volatility Comparison

Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) has a higher volatility of 5.49% compared to iShares Russell Midcap ETF (IWR) at 3.16%. This indicates that PAMC's price experiences larger fluctuations and is considered to be riskier than IWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAMC	IWR	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.49%	3.16%	+2.33%
Volatility (6M) Calculated over the trailing 6-month period	14.17%	9.84%	+4.33%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	13.36%	+5.08%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	18.22%	+2.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.72%	19.36%	+1.36%

PAMC vs. IWR - Expense Ratio Comparison

PAMC has a 0.60% expense ratio, which is higher than IWR's 0.19% expense ratio.

Dividends

PAMC vs. IWR - Dividend Comparison

PAMC's dividend yield for the trailing twelve months is around 1.20%, more than IWR's 1.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IWR iShares Russell Midcap ETF	1.14%	1.29%	1.27%	1.43%	1.59%	1.04%	1.28%	1.43%	1.98%	1.52%	1.72%	1.59%
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	1.20%	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

Can I hold both PAMC and IWR in my portfolio?

PAMC and IWR have a correlation of 0.88, 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 IWR?

PAMC has higher volatility (5.49%) compared to IWR (3.16%). In terms of maximum drawdown, PAMC dropped -27.04% vs IWR's -58.78%.

Which ETF is better, PAMC or IWR?

On 5-year performance, PAMC leads with 8.61% vs 8.11% for IWR. On fees, IWR is cheaper at 0.19% per year. On volatility, IWR has been the lower-risk option at 3.16%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PAMC or IWR?

Over the 5-year period, PAMC has performed better with a 8.61% return vs 8.11%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PAMC or IWR?

IWR is cheaper with a 0.19% expense ratio, compared with 0.60% for PAMC.

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

PAMC has the higher dividend yield at 1.20%, compared with 1.14% for IWR.

What is the main difference between PAMC and IWR?

PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index, while IWR tracks Russell Midcap Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for PAMC and 0.19% for IWR.

Which has better risk-adjusted returns?

IWR currently has the higher Sharpe Ratio (1.69 vs 1.57), 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.