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PTMC vs. SPMD
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PTMC vs. SPMD

Last updated Jun 6, 2026

PTMC (Pacer Trendpilot US Mid Cap ETF) and SPMD (SPDR Portfolio S&P 400 Mid Cap ETF) are both Mid Cap Blend Equities funds - PTMC tracks the Pacer Trendpilot US Mid Cap Index while SPMD tracks the S&P MidCap 400 Index. Both are passively managed. Over the past 10 years, PTMC returned 5.91%/yr vs 11.15%/yr for SPMD. A 0.77 correlation means they provide meaningful diversification when combined. PTMC charges 0.60%/yr vs 0.05%/yr for SPMD.

Performance

PTMC vs. SPMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot US Mid Cap ETF (PTMC) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

As of year-to-date, both investments have demonstrated similar returns, with PTMC at 12.33% and SPMD at 12.33%. Over the past 10 years, PTMC has underperformed SPMD with an annualized return of 5.91%, while SPMD has yielded a comparatively higher 11.15% annualized return.

PTMC

1D
-1.91%
1M
-0.87%
YTD
12.33%
6M
11.93%
1Y
17.22%
3Y*
9.60%
5Y*
3.47%
10Y*
5.91%

SPMD

1D
-1.94%
1M
-0.89%
YTD
12.33%
6M
11.99%
1Y
23.91%
3Y*
15.12%
5Y*
7.85%
10Y*
11.15%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PTMC vs. SPMD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PTMC
Pacer Trendpilot US Mid Cap ETF		12.33%-1.55%13.22%7.29%-13.99%12.42%6.58%1.04%0.02%17.79%
SPMD
SPDR Portfolio S&P 400 Mid Cap ETF		12.33%7.44%13.91%16.48%-13.13%24.76%13.46%25.19%-10.34%15.12%

Correlation

The correlation between PTMC and SPMD is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.96

Correlation (3Y)
Calculated over the trailing 3-year period

0.89

Correlation (5Y)
Calculated over the trailing 5-year period

0.78

Correlation (10Y)
Calculated over the trailing 10-year period

0.79

Correlation (All Time)
Calculated using the full available price history since Jan 5, 2016

0.77

The correlation between PTMC and SPMD shifts across timeframes, from 0.77 (all time) to 0.96 (1 year), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Pacer Trendpilot US Mid Cap ETF

SPDR Portfolio S&P 400 Mid Cap ETF

Often compared with PTMC:
PTMC vs. PTEUPTMC vs. MIDEPTMC vs. PTLCPTMC vs. FLQMPTMC vs. IWMPTMC vs. PTNQPTMC vs. PHDG
Often compared with SPMD:
SPMD vs. MDYSPMD vs. VOSPMD vs. SPYSPMD vs. SCHMSPMD vs. IWRSPMD vs. IMCBSPMD vs. SWMCX

Return for Risk

PTMC vs. SPMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PTMC
PTMC Risk / Return Rank: 3838
Overall Rank
PTMC Sharpe Ratio Rank: 3333
Sharpe Ratio Rank
PTMC Sortino Ratio Rank: 3535
Sortino Ratio Rank
PTMC Omega Ratio Rank: 3434
Omega Ratio Rank
PTMC Calmar Ratio Rank: 4242
Calmar Ratio Rank
PTMC Martin Ratio Rank: 4646
Martin Ratio Rank
SPMD
SPMD Risk / Return Rank: 5050
Overall Rank
SPMD Sharpe Ratio Rank: 4646
Sharpe Ratio Rank
SPMD Sortino Ratio Rank: 4747
Sortino Ratio Rank
SPMD Omega Ratio Rank: 4444
Omega Ratio Rank
SPMD Calmar Ratio Rank: 5656
Calmar Ratio Rank
SPMD Martin Ratio Rank: 5858
Martin Ratio Rank
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.

PTMC vs. SPMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Mid Cap ETF (PTMC) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD). 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.

PTMCSPMDDifference
Sharpe ratioReturn per unit of total volatility
1.13
1.53

-0.40

Sortino ratioReturn per unit of downside risk
1.72
2.24

-0.52

Omega ratioGain probability vs. loss probability

1.21

1.27

-0.06

Calmar ratioReturn relative to maximum drawdown

1.94

2.71

-0.77

Martin ratioReturn relative to average drawdown

7.12

9.94

-2.82

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTMC vs. SPMD - Sharpe Ratio Comparison

The current PTMC Sharpe Ratio is 1.13, which is comparable to the SPMD Sharpe Ratio of 1.53. The chart below compares the historical Sharpe Ratios of PTMC and SPMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PTMCSPMDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.13

1.53

-0.40

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.26

0.40

-0.14

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.46

0.53

-0.07

Sharpe Ratio (All Time)

Calculated using the full available price history

0.50

0.45

+0.05

Drawdowns

PTMC vs. SPMD - Drawdown Comparison

The maximum PTMC drawdown since its inception was -20.53%, smaller than the maximum SPMD drawdown of -57.62%. Use the drawdown chart below to compare losses from any high point for PTMC and SPMD.

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Drawdown Indicators

PTMCSPMDDifference

Max Drawdown

Largest peak-to-trough decline

-20.53%

-57.62%

+37.09%

Max Drawdown (1Y)

Largest decline over 1 year

-8.89%

-8.86%

-0.03%

Max Drawdown (3Y)

Largest decline over 3 years

-15.31%

-24.08%

+8.77%

Max Drawdown (5Y)

Largest decline over 5 years

-16.93%

-24.08%

+7.15%

Max Drawdown (10Y)

Largest decline over 10 years

-20.53%

-41.86%

+21.33%

Current Drawdown

Current decline from peak

-1.91%

-1.94%

+0.03%

Average Drawdown

Average peak-to-trough decline

-6.47%

-8.12%

+1.65%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.42%

2.41%

+0.01%

Volatility

PTMC vs. SPMD - Volatility Comparison

Pacer Trendpilot US Mid Cap ETF (PTMC) and SPDR Portfolio S&P 400 Mid Cap ETF (SPMD) have volatilities of 4.36% and 4.35%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PTMCSPMDDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.36%

4.35%

+0.01%

Volatility (6M)

Calculated over the trailing 6-month period

11.59%

11.53%

+0.06%

Volatility (1Y)

Calculated over the trailing 1-year period

15.30%

15.66%

-0.36%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.17%

19.71%

-6.54%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

12.99%

21.18%

-8.19%

PTMC vs. SPMD - Expense Ratio Comparison

PTMC has a 0.60% expense ratio, which is higher than SPMD's 0.05% expense ratio.

Dividends

PTMC vs. SPMD - Dividend Comparison

PTMC's dividend yield for the trailing twelve months is around 1.64%, more than SPMD's 1.25% yield.

PositionTTM20252024202320222021202020192018201720162015
PTMC
Pacer Trendpilot US Mid Cap ETF		1.64%1.84%0.87%1.92%0.82%0.12%0.53%1.40%0.89%0.67%0.66%0.00%
SPMD
SPDR Portfolio S&P 400 Mid Cap ETF		1.25%1.39%1.42%1.47%1.64%1.24%1.30%1.57%1.85%1.97%2.13%5.33%

Frequently Asked Questions

With a correlation of 0.96, PTMC and SPMD 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.

PTMC has higher volatility (4.36%) compared to SPMD (4.35%). In terms of maximum drawdown, PTMC dropped -20.53% vs SPMD's -57.62%.

On 10-year performance, SPMD leads with 11.15% vs 5.91% for PTMC. On fees, SPMD is cheaper at 0.05% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPMD has performed better with a 11.15% return vs 5.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPMD is cheaper with a 0.05% expense ratio, compared with 0.60% for PTMC.

PTMC has the higher dividend yield at 1.64%, compared with 1.25% for SPMD.

PTMC tracks Pacer Trendpilot US Mid Cap Index, while SPMD tracks S&P MidCap 400 Index. They also come from different issuers: Pacer and State Street. Their fees differ too: 0.60% for PTMC and 0.05% for SPMD.

SPMD currently has the higher Sharpe Ratio (1.53 vs 1.13), 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.

Portfolio Optimizer

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