PWS vs. MDIV
Compare and contrast key facts about Pacer WealthShield ETF (PWS) and First Trust Multi-Asset Diversified Income Index Fund (MDIV).
PWS and MDIV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWS is a passively managed fund by Pacer that tracks the performance of the Pacer WealthShield Index. It was launched on Dec 11, 2017. MDIV is a passively managed fund by First Trust that tracks the performance of the NASDAQ US Multi-Asset Diversified Income Index. It was launched on Aug 14, 2012. Both PWS and MDIV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PWS vs. MDIV - Performance Comparison
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PWS vs. MDIV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PWS Pacer WealthShield ETF | -0.91% | 8.05% | 14.01% | -3.58% | -12.10% | 14.43% | 22.16% | 1.36% | -3.29% | 0.96% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 4.59% | 3.77% | 10.05% | 11.50% | -3.86% | 16.51% | -14.84% | 18.59% | -5.78% | 0.26% |
Returns By Period
In the year-to-date period, PWS achieves a -0.91% return, which is significantly lower than MDIV's 4.59% return.
PWS
- 1D
- 0.28%
- 1M
- -3.73%
- YTD
- -0.91%
- 6M
- 0.33%
- 1Y
- 5.43%
- 3Y*
- 7.38%
- 5Y*
- 1.86%
- 10Y*
- —
MDIV
- 1D
- 0.56%
- 1M
- -1.47%
- YTD
- 4.59%
- 6M
- 4.22%
- 1Y
- 5.41%
- 3Y*
- 10.12%
- 5Y*
- 6.28%
- 10Y*
- 5.01%
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PWS vs. MDIV - Expense Ratio Comparison
PWS has a 0.60% expense ratio, which is lower than MDIV's 0.73% expense ratio.
Return for Risk
PWS vs. MDIV — Risk / Return Rank
PWS
MDIV
PWS vs. MDIV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer WealthShield ETF (PWS) and First Trust Multi-Asset Diversified Income Index Fund (MDIV). 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.
| PWS | MDIV | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 0.56 | -0.09 |
Sortino ratioReturn per unit of downside risk | 0.73 | 0.80 | -0.07 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.12 | -0.03 |
Calmar ratioReturn relative to maximum drawdown | 1.03 | 0.64 | +0.39 |
Martin ratioReturn relative to average drawdown | 2.75 | 2.58 | +0.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PWS | MDIV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 0.56 | -0.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | 0.57 | -0.42 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.33 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.31 | 0.33 | -0.03 |
Correlation
The correlation between PWS and MDIV is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PWS vs. MDIV - Dividend Comparison
PWS's dividend yield for the trailing twelve months is around 1.47%, less than MDIV's 6.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWS Pacer WealthShield ETF | 1.47% | 1.59% | 1.33% | 2.21% | 1.45% | 0.94% | 0.53% | 1.77% | 1.16% | 0.00% | 0.00% | 0.00% |
MDIV First Trust Multi-Asset Diversified Income Index Fund | 6.30% | 6.51% | 6.40% | 6.08% | 6.71% | 5.30% | 6.00% | 5.90% | 6.76% | 6.04% | 6.35% | 7.38% |
Drawdowns
PWS vs. MDIV - Drawdown Comparison
The maximum PWS drawdown since its inception was -24.93%, smaller than the maximum MDIV drawdown of -48.50%. Use the drawdown chart below to compare losses from any high point for PWS and MDIV.
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Drawdown Indicators
| PWS | MDIV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.93% | -48.50% | +23.57% |
Max Drawdown (1Y)Largest decline over 1 year | -6.15% | -8.84% | +2.69% |
Max Drawdown (5Y)Largest decline over 5 years | -24.93% | -13.02% | -11.91% |
Max Drawdown (10Y)Largest decline over 10 years | — | -48.50% | — |
Current DrawdownCurrent decline from peak | -4.70% | -2.25% | -2.45% |
Average DrawdownAverage peak-to-trough decline | -9.20% | -4.64% | -4.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 2.20% | +0.11% |
Volatility
PWS vs. MDIV - Volatility Comparison
Pacer WealthShield ETF (PWS) has a higher volatility of 3.85% compared to First Trust Multi-Asset Diversified Income Index Fund (MDIV) at 2.11%. This indicates that PWS's price experiences larger fluctuations and is considered to be riskier than MDIV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWS | MDIV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.85% | 2.11% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 9.84% | 4.82% | +5.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.76% | 9.73% | +2.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.11% | 11.02% | +1.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 15.27% | -0.76% |