PAMC vs. JHMM

Last updated Aug 2, 2026

PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) and JHMM (John Hancock Multifactor Mid Cap ETF) are both Mid Cap Growth Equities funds - PAMC tracks the Lunt Capital U.S. MidCap Multi-Factor Rotation Index while JHMM tracks the John Hancock Dimensional Mid Cap Index. Both are passively managed. Over the past 5 years, PAMC returned 9.60%/yr vs 8.30%/yr for JHMM. Their correlation of 0.93 means they have usually moved in the same direction. PAMC charges 0.60%/yr vs 0.42%/yr for JHMM.

Performance

PAMC vs. JHMM - Performance Comparison

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

Returns By Period

In the year-to-date period, PAMC achieves a 15.63% return, which is significantly higher than JHMM's 13.54% return.

PAMC

• 1D: -0.04%
• 1M: -0.96%
• 6M: 11.11%
• YTD: 15.63%
• 1Y: 25.97%
• 3Y*: 15.21%
• 5Y*: 9.60%
• 10Y*: —
• ALL TIME*: 15.20%

JHMM

• 1D: -0.01%
• 1M: -0.44%
• 6M: 8.72%
• YTD: 13.54%
• 1Y: 21.81%
• 3Y*: 14.22%
• 5Y*: 8.30%
• 10Y*: 11.70%
• ALL TIME*: 12.03%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JHMM John Hancock Multifactor Mid Cap ETF	$16.53M	$15.46M	$17.20M
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	$146.26K	$127.92K	$342.42K

PAMC vs. JHMM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	15.63%	1.54%	26.20%	19.30%	-12.15%	13.15%	34.86%
JHMM John Hancock Multifactor Mid Cap ETF	13.54%	10.73%	14.61%	14.53%	-15.30%	24.54%	32.03%

Correlation

The correlation between PAMC and JHMM is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.92
Correlation (5Y) Shows whether the relationship held over a longer period.	0.93
Correlation (All Time) Calculated using the full available price history since Jun 25, 2020	0.93

The correlation between PAMC and JHMM has been stable across timeframes, ranging from 0.89 to 0.93 - a consistent structural relationship.

PAMC vs. JHMM - Sectors Allocation Comparison

Sectors	PAMC	JHMM
Industrials	23.2%	16.4%
Financial Services	19.8%	20.1%
Consumer Cyclical	12.5%	8.3%
Technology	10.8%	18.1%
Energy	7.8%	1.8%
Real Estate	6.8%	8.1%
Healthcare	5.8%	8.5%
Basic Materials	5.5%	7.4%
Utilities	3.5%	3.7%
Consumer Defensive	3.4%	6.1%
Communication Services	0.8%	1.0%

Return for Risk

PAMC vs. JHMM — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PAMC

PAMC Risk / Return Rank: 58
PAMC Sharpe Ratio Rank: 51
PAMC Sortino Ratio Rank: 54
PAMC Omega Ratio Rank: 52
PAMC Calmar Ratio Rank: 67
PAMC Martin Ratio Rank: 69

JHMM

JHMM Risk / Return Rank: 64
JHMM Sharpe Ratio Rank: 60
JHMM Sortino Ratio Rank: 61
JHMM Omega Ratio Rank: 57
JHMM Calmar Ratio Rank: 67
JHMM Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PAMC vs. JHMM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and John Hancock Multifactor Mid Cap ETF (JHMM). 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	JHMM	Difference
Sharpe ratio: Return per unit of total volatility	1.26	1.41	-0.15
Sortino ratio: Return per unit of downside risk	1.88	2.06	-0.18
Omega ratio: Gain probability vs. loss probability	1.24	1.25	-0.01
Calmar ratio: Return relative to maximum drawdown	2.33	2.34	-0.01
Martin ratio: Return relative to average drawdown	8.42	8.99	-0.57

PAMC vs. JHMM - Sharpe Ratio Comparison

The current PAMC Sharpe Ratio is 1.26, which is comparable to the JHMM Sharpe Ratio of 1.41. The chart below compares the historical Sharpe Ratios of PAMC and JHMM, 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. JHMM - Drawdown Comparison

The maximum PAMC drawdown since its inception was -27.04%, smaller than the maximum JHMM drawdown of -40.71%. Use the drawdown chart below to compare losses from any high point for PAMC and JHMM.

Drawdown Indicators

	PAMC	JHMM	Difference
Max Drawdown Largest peak-to-trough decline	-27.04%	-40.71%	+13.67%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-8.64%	-1.60%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-21.88%	-4.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.61%	-24.10%	-2.51%
Max Drawdown (10Y) Largest decline over 10 years	—	-40.71%	—
Current Drawdown Current decline from peak	-3.30%	-1.20%	-2.10%
Average Drawdown Average peak-to-trough decline	-7.32%	-5.37%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.24%	+0.59%

Volatility

PAMC vs. JHMM - Volatility Comparison

Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) has a higher volatility of 4.30% compared to John Hancock Multifactor Mid Cap ETF (JHMM) at 2.93%. This indicates that PAMC's price experiences larger fluctuations and is considered to be riskier than JHMM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAMC	JHMM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.30%	2.93%	+1.37%
Volatility (6M) Calculated over the trailing 6-month period	14.15%	10.62%	+3.53%
Volatility (1Y) Calculated over the trailing 1-year period	18.94%	14.33%	+4.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.21%	18.30%	+1.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.62%	19.54%	+1.08%

PAMC vs. JHMM - Expense Ratio Comparison

PAMC has a 0.60% expense ratio, which is higher than JHMM's 0.42% expense ratio.

Dividends

PAMC vs. JHMM - Dividend Comparison

PAMC's dividend yield for the trailing twelve months is around 1.12%, more than JHMM's 0.89% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JHMM John Hancock Multifactor Mid Cap ETF	0.89%	0.98%	1.01%	1.17%	1.16%	0.72%	1.04%	1.02%	1.36%	0.90%	1.15%	0.33%
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	1.12%	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 JHMM in my portfolio?

PAMC and JHMM have a correlation of 0.89, 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 JHMM?

PAMC has higher volatility (4.30%) compared to JHMM (2.93%). In terms of maximum drawdown, PAMC dropped -27.04% vs JHMM's -40.71%.

Which ETF is better, PAMC or JHMM?

On 5-year performance, PAMC leads with 9.60% vs 8.30% for JHMM. On fees, JHMM is cheaper at 0.42% per year. On volatility, JHMM has been the lower-risk option at 2.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PAMC or JHMM?

Over the 5-year period, PAMC has performed better with a 9.60% return vs 8.30%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PAMC or JHMM?

JHMM is cheaper with a 0.42% expense ratio, compared with 0.60% for PAMC.

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

PAMC has the higher dividend yield at 1.12%, compared with 0.89% for JHMM.

What is the main difference between PAMC and JHMM?

PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index, while JHMM tracks John Hancock Dimensional Mid Cap Index. They also come from different issuers: Pacer and Manulife. Their fees differ too: 0.60% for PAMC and 0.42% for JHMM.

Which has better risk-adjusted returns?

JHMM currently has the higher Sharpe Ratio (1.41 vs 1.26), 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.