PEVC vs. QWLD

Last updated Jun 6, 2026

PEVC (Pacer PE/VC ETF) and QWLD (SPDR MSCI World StrategicFactors ETF) are both Large Cap Growth Equities funds - PEVC tracks the FTSE PE/VC Index while QWLD tracks the MSCI World Factor Mix A-Series (USD). Both are passively managed. Over the past year, PEVC returned 22.30% vs 16.32% for QWLD. A 0.78 correlation means they provide meaningful diversification when combined. PEVC charges 0.85%/yr vs 0.30%/yr for QWLD.

Performance

PEVC vs. QWLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer PE/VC ETF (PEVC) and SPDR MSCI World StrategicFactors ETF (QWLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PEVC having a 5.73% return and QWLD slightly lower at 5.60%.

PEVC

• 1D: -3.46%
• 1M: 0.89%
• YTD: 5.73%
• 6M: 5.24%
• 1Y: 22.30%
• 3Y*: —
• 5Y*: —
• 10Y*: —

QWLD

• 1D: -1.41%
• 1M: -0.17%
• YTD: 5.60%
• 6M: 6.31%
• 1Y: 16.32%
• 3Y*: 16.04%
• 5Y*: 9.76%
• 10Y*: 11.51%

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

PEVC vs. QWLD - Yearly Performance Comparison

	2026 (YTD)	2025
PEVC Pacer PE/VC ETF	5.73%	18.18%
QWLD SPDR MSCI World StrategicFactors ETF	5.60%	14.25%

Correlation

The correlation between PEVC and QWLD is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.79
Correlation (All Time) Calculated using the full available price history since Feb 4, 2025	0.78

The correlation between PEVC and QWLD has been stable across timeframes, ranging from 0.78 to 0.79 - a consistent structural relationship.

PEVC vs. QWLD - Sectors Allocation Comparison

Sectors	PEVC	QWLD
Technology	38.0%	22.3%
Communication Services	14.9%	9.6%
Financial Services	12.7%	13.8%
Consumer Cyclical	8.7%	5.0%
Industrials	7.3%	8.6%
Healthcare	6.0%	12.6%
Consumer Defensive	6.0%	7.6%
Energy	2.6%	4.5%
Basic Materials	2.4%	2.9%
Utilities	1.1%	3.7%
Real Estate	0.3%	0.8%

Return for Risk

PEVC vs. QWLD — Risk / Return Rank

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

PEVC

PEVC Risk / Return Rank: 38
PEVC Sharpe Ratio Rank: 37
PEVC Sortino Ratio Rank: 36
PEVC Omega Ratio Rank: 35
PEVC Calmar Ratio Rank: 38
PEVC Martin Ratio Rank: 44

QWLD

QWLD Risk / Return Rank: 50
QWLD Sharpe Ratio Rank: 50
QWLD Sortino Ratio Rank: 51
QWLD Omega Ratio Rank: 48
QWLD Calmar Ratio Rank: 45
QWLD Martin Ratio Rank: 55

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.

PEVC vs. QWLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer PE/VC ETF (PEVC) and SPDR MSCI World StrategicFactors ETF (QWLD). 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.

	PEVC	QWLD	Difference
Sharpe ratio: Return per unit of total volatility	1.25	1.67	-0.43
Sortino ratio: Return per unit of downside risk	1.75	2.39	-0.64
Omega ratio: Gain probability vs. loss probability	1.22	1.29	-0.08
Calmar ratio: Return relative to maximum drawdown	1.73	2.14	-0.41
Martin ratio: Return relative to average drawdown	6.60	9.25	-2.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PEVC vs. QWLD - Sharpe Ratio Comparison

The current PEVC Sharpe Ratio is 1.25, which is comparable to the QWLD Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of PEVC and QWLD, 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

	PEVC	QWLD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.67	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.72	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.76	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.68	0.69	-0.01

Drawdowns

PEVC vs. QWLD - Drawdown Comparison

The maximum PEVC drawdown since its inception was -28.92%, smaller than the maximum QWLD drawdown of -31.89%. Use the drawdown chart below to compare losses from any high point for PEVC and QWLD.

Drawdown Indicators

	PEVC	QWLD	Difference
Max Drawdown Largest peak-to-trough decline	-28.92%	-31.89%	+2.97%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-7.66%	-5.31%
Max Drawdown (3Y) Largest decline over 3 years	—	-12.40%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-22.84%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-31.89%	—
Current Drawdown Current decline from peak	-5.61%	-1.44%	-4.17%
Average Drawdown Average peak-to-trough decline	-4.40%	-3.70%	-0.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.39%	1.77%	+1.62%

Volatility

PEVC vs. QWLD - Volatility Comparison

Pacer PE/VC ETF (PEVC) has a higher volatility of 5.70% compared to SPDR MSCI World StrategicFactors ETF (QWLD) at 2.47%. This indicates that PEVC's price experiences larger fluctuations and is considered to be riskier than QWLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PEVC	QWLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.70%	2.47%	+3.23%
Volatility (6M) Calculated over the trailing 6-month period	13.15%	7.66%	+5.49%
Volatility (1Y) Calculated over the trailing 1-year period	17.99%	9.81%	+8.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.88%	13.53%	+13.35%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.88%	15.18%	+11.70%

PEVC vs. QWLD - Expense Ratio Comparison

PEVC has a 0.85% expense ratio, which is higher than QWLD's 0.30% expense ratio.

Dividends

PEVC vs. QWLD - Dividend Comparison

PEVC's dividend yield for the trailing twelve months is around 4.35%, more than QWLD's 1.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PEVC Pacer PE/VC ETF	4.35%	4.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QWLD SPDR MSCI World StrategicFactors ETF	1.85%	1.85%	1.74%	1.78%	2.02%	1.77%	1.77%	2.13%	2.33%	2.73%	2.22%	3.42%

Frequently Asked Questions

Can I hold both PEVC and QWLD in my portfolio?

PEVC and QWLD have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PEVC or QWLD?

PEVC has higher volatility (5.70%) compared to QWLD (2.47%). In terms of maximum drawdown, PEVC dropped -28.92% vs QWLD's -31.89%.

Which ETF is better, PEVC or QWLD?

On 1-year performance, PEVC leads with 22.30% vs 16.32% for QWLD. On fees, QWLD is cheaper at 0.30% per year. On volatility, QWLD has been the lower-risk option at 2.47%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PEVC or QWLD?

Over the 1-year period, PEVC has performed better with a 22.30% return vs 16.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PEVC or QWLD?

QWLD is cheaper with a 0.30% expense ratio, compared with 0.85% for PEVC.

Which ETF pays a higher dividend yield, PEVC or QWLD?

PEVC has the higher dividend yield at 4.35%, compared with 1.85% for QWLD.

What is the main difference between PEVC and QWLD?

PEVC tracks FTSE PE/VC Index, while QWLD tracks MSCI World Factor Mix A-Series (USD). They also come from different issuers: Pacer and State Street. Their fees differ too: 0.85% for PEVC and 0.30% for QWLD.

Which has better risk-adjusted returns?

QWLD currently has the higher Sharpe Ratio (1.67 vs 1.25), 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.