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ETFs

Pacer Lunt Large Cap Multi-Factor Alternator ETF

PALC
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 24 2020
Expense Ratio
0.60%
Type
US Equities
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$2,440,216
AUM
$216,862,800
Associated Index
Lunt Capital U.S. Large Cap Multi-Factor Rotation Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

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Invest with PALC

What is PALC?

The Pacer Lunt Large Cap Multi-Factor Alternator ETF (the Fund ) is an exchange traded fund ( ETF ) that seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index.The Index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. The Index uses Lunt Capital s proprietary relative strength methodology to rotate between the holdings of the highest and lowest quintile components of four factor-based indices of the S&P 500 Index (each, a Sub-Index, and together, the Sub-Indices ), that seek to identify the components of the S&P 500 Index that most strongly exhibit a particular factor. The four factor groups are Momentum, Quality, Value, and Volatility.

ETFs related toPALC

ETFs correlated to PALC include USCA, GAPR, XLSR

PALC
Pacer Funds Trust - Pacer Lunt Large Cap Multi-Factor Alternator ETF
USCA
DBX ETF Trust - Xtrackers MSCI USA Climate Action Equity ETF
GAPR
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Moderate Buffer ETF - April
XLSR
SSgA Active Trust - SPDR SSGA U.S. Sector Rotation ETF
CGUS
Capital Group Companies Inc - Capital Group Core Equity ETF
JHML
John Hancock Investment Management LLC - John Hancock Multifactor Large Cap ETF
FNDB
Schwab Strategic Trust - Schwab Fundamental U.S. Broad Market Index ETF
DFAU
Dimensional ETF Trust - Dimensional US Core Equity Market ETF
FNDX
Schwab Strategic Trust - Schwab Fundamental U.S. Large Company Index ETF
IVE
BlackRock Institutional Trust Company N.A. - iShares S&P 500 Value ETF
EQWL
Invesco Capital Management LLC - Invesco Russell Top 200 Equal Weight ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPALC

#OPUS-8

Opus-8

Category

Opus

Risk Rating

Conservative

#OPUS-12

Opus-12

Category

Opus, Investing for the Long-Term

Risk Rating

Moderate

Create your own algorithmic trading strategy with PALC using Composer

FAQ

PALC is a US Equities ETF. The Pacer Lunt Large Cap Multi-Factor Alternator ETF (the Fund ) is an exchange traded fund ( ETF ) that seeks to track the total return performance, before fees and expenses, of the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index.The Index uses an objective, rules-based methodology to provide exposure to large-capitalization U.S. companies. The Index uses Lunt Capital s proprietary relative strength methodology to rotate between the holdings of the highest and lowest quintile components of four factor-based indices of the S&P 500 Index (each, a Sub-Index, and together, the Sub-Indices ), that seek to identify the components of the S&P 500 Index that most strongly exhibit a particular factor. The four factor groups are Momentum, Quality, Value, and Volatility.

PALC tracks the Lunt Capital U.S. Large Cap Multi-Factor Rotation Index.

No, PALC is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PALC is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PALC is 0.0557%. This is the percent change in the value of PALC over the most recent 1-month period. The 3-month return on PALC is 0.1225%. This is the percent change in the value of PALC over the most recent 3-month period.

The standard deviation of PALC for the past year is 0.2045%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PALC include SUSA, IGE, and SPHQ.

ETFs correlated to PALC include USCA, GAPR, and XLSR.

ETFs that are inversely correlated to PALC include SPDN, SH, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.