PAMC vs. QVMS

Last updated Jun 4, 2026

PAMC (Pacer Lunt MidCap Multi-Factor Alternator ETF) and QVMS (Invesco S&P SmallCap 600 QVM Multi-factor 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 QVMS is a Multi-factor fund tracking the S&P Small Cap 600. Both are passively managed. Over the past 3 years, PAMC returned 18.46%/yr vs 14.97%/yr for QVMS. Their correlation of 0.90 suggests significant overlap in exposure. PAMC charges 0.60%/yr vs 0.15%/yr for QVMS.

Performance

PAMC vs. QVMS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS). 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 QVMS's 15.96% return.

PAMC

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

QVMS

• 1D: -0.75%
• 1M: 2.44%
• YTD: 15.96%
• 6M: 14.49%
• 1Y: 31.77%
• 3Y*: 14.97%
• 5Y*: —
• 10Y*: —

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

PAMC vs. QVMS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	17.95%	1.54%	26.20%	19.30%	-12.15%	-1.44%
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF	15.96%	5.56%	9.50%	16.89%	-14.61%	4.45%

Correlation

The correlation between PAMC and QVMS is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021	0.90

The correlation between PAMC and QVMS has been stable across timeframes, ranging from 0.87 to 0.90 - a consistent structural relationship.

PAMC vs. QVMS - Sectors Allocation Comparison

Sectors	PAMC	QVMS
Industrials	25.6%	16.7%
Financial Services	16.5%	18.3%
Technology	14.1%	15.5%
Consumer Cyclical	12.1%	13.2%
Energy	10.8%	7.5%
Basic Materials	5.4%	4.5%
Consumer Defensive	4.2%	2.6%
Real Estate	4.1%	7.1%
Healthcare	3.4%	10.8%
Utilities	3.1%	2.1%
Communication Services	0.8%	1.7%

Return for Risk

PAMC vs. QVMS — 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

QVMS

QVMS Risk / Return Rank: 59
QVMS Sharpe Ratio Rank: 53
QVMS Sortino Ratio Rank: 55
QVMS Omega Ratio Rank: 50
QVMS Calmar Ratio Rank: 72
QVMS Martin Ratio Rank: 67

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. QVMS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) and Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS). 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	QVMS	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.82	-0.27
Sortino ratio: Return per unit of downside risk	2.26	2.67	-0.42
Omega ratio: Gain probability vs. loss probability	1.29	1.31	-0.03
Calmar ratio: Return relative to maximum drawdown	2.79	3.63	-0.85
Martin ratio: Return relative to average drawdown	10.32	12.26	-1.94
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. QVMS - Sharpe Ratio Comparison

The current PAMC Sharpe Ratio is 1.55, which is comparable to the QVMS Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PAMC and QVMS, 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	QVMS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.82	-0.27
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.77	0.33	+0.44

Drawdowns

PAMC vs. QVMS - Drawdown Comparison

The maximum PAMC drawdown since its inception was -27.04%, roughly equal to the maximum QVMS drawdown of -28.05%. Use the drawdown chart below to compare losses from any high point for PAMC and QVMS.

Drawdown Indicators

	PAMC	QVMS	Difference
Max Drawdown Largest peak-to-trough decline	-27.04%	-28.05%	+1.01%
Max Drawdown (1Y) Largest decline over 1 year	-10.24%	-8.78%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-26.07%	-28.05%	+1.98%
Max Drawdown (5Y) Largest decline over 5 years	-27.04%	—	—
Current Drawdown Current decline from peak	0.00%	-0.75%	+0.75%
Average Drawdown Average peak-to-trough decline	-7.47%	-9.10%	+1.63%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.76%	2.60%	+0.16%

Volatility

PAMC vs. QVMS - Volatility Comparison

Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) has a higher volatility of 5.65% compared to Invesco S&P SmallCap 600 QVM Multi-factor ETF (QVMS) at 4.76%. This indicates that PAMC's price experiences larger fluctuations and is considered to be riskier than QVMS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAMC	QVMS	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.65%	4.76%	+0.89%
Volatility (6M) Calculated over the trailing 6-month period	14.17%	12.05%	+2.12%
Volatility (1Y) Calculated over the trailing 1-year period	18.44%	17.62%	+0.82%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.40%	21.25%	-0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.73%	21.25%	-0.52%

PAMC vs. QVMS - Expense Ratio Comparison

PAMC has a 0.60% expense ratio, which is higher than QVMS's 0.15% expense ratio.

Dividends

PAMC vs. QVMS - Dividend Comparison

PAMC's dividend yield for the trailing twelve months is around 1.10%, less than QVMS's 1.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020
PAMC Pacer Lunt MidCap Multi-Factor Alternator ETF	1.10%	1.11%	0.97%	0.69%	1.29%	0.36%	0.30%
QVMS Invesco S&P SmallCap 600 QVM Multi-factor ETF	1.13%	1.10%	1.53%	1.51%	1.58%	0.64%	0.00%

Frequently Asked Questions

Can I hold both PAMC and QVMS in my portfolio?

PAMC and QVMS have a correlation of 0.87, 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 QVMS?

PAMC has higher volatility (5.65%) compared to QVMS (4.76%). In terms of maximum drawdown, PAMC dropped -27.04% vs QVMS's -28.05%.

Which ETF is better, PAMC or QVMS?

On 3-year performance, PAMC leads with 18.46% vs 14.97% for QVMS. On fees, QVMS is cheaper at 0.15% per year. On volatility, QVMS has been the lower-risk option at 4.76%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PAMC or QVMS?

Over the 3-year period, PAMC has performed better with a 18.46% return vs 14.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PAMC or QVMS?

QVMS is cheaper with a 0.15% expense ratio, compared with 0.60% for PAMC.

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

QVMS has the higher dividend yield at 1.13%, compared with 1.10% for PAMC.

What is the main difference between PAMC and QVMS?

PAMC is categorized as Mid Cap Growth Equities, while QVMS is Multi-factor. PAMC tracks Lunt Capital U.S. MidCap Multi-Factor Rotation Index, while QVMS tracks S&P Small Cap 600. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for PAMC and 0.15% for QVMS.

Which has better risk-adjusted returns?

QVMS currently has the higher Sharpe Ratio (1.82 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.