PTMC vs. IMCB
PTMC (Pacer Trendpilot US Mid Cap ETF) and IMCB (iShares Morningstar Mid-Cap ETF) are both Mid Cap Blend Equities funds - PTMC tracks the Pacer Trendpilot US Mid Cap Index while IMCB tracks the IMCB-US - Morningstar U.S. Mid Cap Index. Both are passively managed. Over the past 10 years, PTMC returned 7.02%/yr vs 12.15%/yr for IMCB. A 0.75 correlation means they provide meaningful diversification when combined. PTMC charges 0.60%/yr vs 0.04%/yr for IMCB.
Performance
PTMC vs. IMCB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PTMC having a 16.10% return and IMCB slightly higher at 16.74%. Over the past 10 years, PTMC has underperformed IMCB with an annualized return of 7.02%, while IMCB has yielded a comparatively higher 12.15% annualized return.
PTMC
- 1D
- 0.71%
- 1M
- 2.46%
- YTD
- 16.10%
- 6M
- 13.77%
- 1Y
- 20.99%
- 3Y*
- 10.89%
- 5Y*
- 4.15%
- 10Y*
- 7.02%
IMCB
- 1D
- 0.51%
- 1M
- 3.67%
- YTD
- 16.74%
- 6M
- 15.03%
- 1Y
- 24.59%
- 3Y*
- 17.85%
- 5Y*
- 9.00%
- 10Y*
- 12.15%
PTMC vs. IMCB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTMC Pacer Trendpilot US Mid Cap ETF | 16.10% | -1.55% | 13.22% | 7.29% | -13.99% | 12.42% | 6.58% | 1.04% | 0.02% | 17.79% |
IMCB iShares Morningstar Mid-Cap ETF | 16.74% | 10.25% | 15.10% | 16.37% | -16.09% | 22.81% | 13.35% | 31.49% | -11.53% | 19.70% |
Correlation
The correlation between PTMC and IMCB is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.75 |
The correlation between PTMC and IMCB shifts across timeframes, from 0.74 (5 years) to 0.93 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PTMC vs. IMCB — Risk / Return Rank
PTMC
IMCB
PTMC vs. IMCB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Mid Cap ETF (PTMC) and iShares Morningstar Mid-Cap ETF (IMCB). 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.
| PTMC | IMCB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.52 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.37 | 3.07 | -0.70 |
| Martin ratioReturn relative to average drawdown | 8.64 | 12.02 | -3.38 |
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Drawdowns
PTMC vs. IMCB - Drawdown Comparison
The maximum PTMC drawdown since its inception was -20.53%, smaller than the maximum IMCB drawdown of -58.80%. Use the drawdown chart below to compare losses from any high point for PTMC and IMCB.
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Drawdown Indicators
| PTMC | IMCB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.53% | -58.80% | +38.27% |
Max Drawdown (1Y)Largest decline over 1 year | -8.89% | -8.05% | -0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -15.31% | -19.80% | +4.49% |
Max Drawdown (5Y)Largest decline over 5 years | -16.93% | -25.15% | +8.22% |
Max Drawdown (10Y)Largest decline over 10 years | -20.53% | -40.99% | +20.46% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.44% | -7.71% | +1.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.05% | +0.39% |
Volatility
PTMC vs. IMCB - Volatility Comparison
The current volatility for Pacer Trendpilot US Mid Cap ETF (PTMC) is 4.36%, while iShares Morningstar Mid-Cap ETF (IMCB) has a volatility of 4.67%. This indicates that PTMC experiences smaller price fluctuations and is considered to be less risky than IMCB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTMC | IMCB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.36% | 4.67% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 11.78% | 10.25% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.72% | 13.27% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.25% | 17.64% | -4.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.97% | 19.65% | -6.68% |
PTMC vs. IMCB - Expense Ratio Comparison
PTMC has a 0.60% expense ratio, which is higher than IMCB's 0.04% expense ratio.
Dividends
PTMC vs. IMCB - Dividend Comparison
PTMC's dividend yield for the trailing twelve months is around 1.59%, more than IMCB's 1.22% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IMCB iShares Morningstar Mid-Cap ETF | 1.22% | 1.42% | 1.43% | 1.55% | 1.70% | 1.08% | 1.12% | 1.32% | 1.80% | 1.31% | 1.79% | 1.47% |
PTMC Pacer Trendpilot US Mid Cap ETF | 1.59% | 1.84% | 0.87% | 1.92% | 0.82% | 0.12% | 0.53% | 1.40% | 0.89% | 0.67% | 0.66% | 0.00% |
Frequently Asked Questions
With a correlation of 0.93, PTMC and IMCB move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
IMCB has higher volatility (4.67%) compared to PTMC (4.36%). In terms of maximum drawdown, PTMC dropped -20.53% vs IMCB's -58.80%.
On 10-year performance, IMCB leads with 12.15% vs 7.02% for PTMC. On fees, IMCB is cheaper at 0.04% per year. On volatility, PTMC has been the lower-risk option at 4.36%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, IMCB has performed better with a 12.15% return vs 7.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IMCB is cheaper with a 0.04% expense ratio, compared with 0.60% for PTMC.
PTMC has the higher dividend yield at 1.59%, compared with 1.22% for IMCB.
PTMC tracks Pacer Trendpilot US Mid Cap Index, while IMCB tracks IMCB-US - Morningstar U.S. Mid Cap Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for PTMC and 0.04% for IMCB.
IMCB currently has the higher Sharpe Ratio (1.87 vs 1.34), 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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