IVV vs PAMC
iShares Core S&P 500 ETF vs Pacer Lunt MidCap Multi-Factor Alternator ETF
Quick Verdict
IVV has a lower expense ratio. PAMC delivered stronger 1-year returns. IVV offers more diversification with 508 holdings.
Side-by-Side Comparison
| Metric | IVV | PAMC | Winner |
|---|---|---|---|
| Expense Ratio | 0.03% | 0.60% | |
| AUM | $907.0B | $55M | |
| Dividend Yield | 1.10% | 1.13% | |
| Holdings | 508 | 153 | |
| YTD Return | +12.28% | +14.50% | |
| 1Y Return | +20.94% | +21.64% | |
| 3Y Return (annualized) | +21.81% | +17.32% | |
| 5Y Return (annualized) | +13.05% | +10.04% | |
| Volatility (annualized) | 15.1% | 18.3% | |
| Max Drawdown | -56.5% | -27.0% | |
| Fund Family | iShares by BlackRock (US) | Pacer ETFs | |
| Category | Equity | Equity | |
| Inception | May 15, 2000 | Jun 24, 2020 |
IVV vs PAMC Performance
iShares Core S&P 500 ETF (IVV) is a ETF from iShares by BlackRock (US) and Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC) is a ETF from Pacer ETFs. Over the past year IVV returned +20.94% while PAMC returned +21.64%. Year to date, IVV is up 12.28% versus a gain of 14.50% for PAMC.
Over three years, IVV compounded at +21.81% per year against +17.32% for PAMC; over five years the annualized figures are +13.05% and +10.04% respectively. Across the full 6-year window we track, PAMC has the edge at +15.07% annualized vs +6.98%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PAMC has been the more volatile fund, with annualized monthly volatility of 18.3% compared with 15.1% for IVV. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.5% for IVV and -27.0% for PAMC. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
IVV charges 0.03% per year while PAMC charges 0.60%. On a $10,000 position that is $3 vs $60 annually, a gap of $57 per year that compounds over a long holding period. On income, IVV currently yields 1.10% against 1.13% for PAMC.
Holdings Overlap
IVV and PAMC share 0 holdings out of 526 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, IVV or PAMC?
IVV has an expense ratio of 0.03% while PAMC charges 0.60%. IVV is the cheaper option. On a $10,000 investment, that is $57 per year of difference.
Which performed better, IVV or PAMC?
Over the past year IVV returned +20.94% vs +21.64% for PAMC, so PAMC leads on 1-year performance. Over the longest common window we track (6 years), IVV annualized +6.98% vs +15.07% for PAMC. Past performance does not guarantee future results.
Which is riskier, IVV or PAMC?
PAMC has been the more volatile fund at 18.3% annualized versus 15.1% for IVV. Worst drawdown: IVV -56.5% vs PAMC -27.0%.
Should I hold both IVV and PAMC?
IVV and PAMC have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between IVV and PAMC?
IVV and PAMC share 0 common holdings with a 0.0% weight overlap. Combined, they hold 526 unique securities.
Which pays a higher dividend, IVV or PAMC?
IVV yields 1.10% while PAMC yields 1.13%, so PAMC currently pays the higher dividend yield.
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