Pacer Developed Competition
| ICOW Etf | 28.85 0.55 1.94% |
Pair Correlation for Pacer Developed and IShares Core Overview
Almost no diversification
The correlation between ICOW and EMIM is 0.94, which Macroaxis classifies as Almost no diversification for the selected horizon. Used correctly, the chart helps investors judge whether adding the second position genuinely diversifies the first.
Moving together with Pacer Etf
Mean reversion in Pacer Developed is more reliable over longer time horizons. Short-term deviations can persist and even widen before correcting, making position sizing and risk management critical.
Effective investment decisions about Pacer Developed require competitive context. Benchmarking Pacer Developed's against peers on earnings quality, growth consistency, and balance sheet strength can materially change the investment conclusion. Pacer Developed Competition Correlation Matrix
Correlation analysis between Pacer Developed Markets and its competitors helps investors understand whether diversification is real or only superficial inside the same peer group. This matrix is most informative when investors want to know whether adding another peer would improve diversification, increase crowding, or leave total risk largely unchanged.
High positive correlations
| High negative correlations
|
Pacer Developed Competition Risk-Adjusted Indicators
There is a big difference between Pacer Etf performing well and Pacer Developed ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Pacer Developed's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.| Mean Deviation | Jensen Alpha | Sortino Ratio | Treynor Ratio | Semi Deviation | Expected Shortfall | Potential Upside | Value @Risk | Maximum Drawdown | ||
|---|---|---|---|---|---|---|---|---|---|---|
| META | 1.46 | 0.06 | 0.03 | 0.06 | 1.66 | 2.38 | 13.69 | |||
| MSFT | 1.29 | -0.23 | 0.00 | -0.67 | 0.00 | 2.19 | 13.28 | |||
| UBER | 1.50 | -0.33 | 0.00 | -1.00 | 0.00 | 2.46 | 11.09 | |||
| F | 1.34 | -0.06 | 0.00 | -0.07 | 0.00 | 3.61 | 10.01 | |||
| T | 1.10 | 0.15 | 0.12 | -0.58 | 1.14 | 3.87 | 8.53 | |||
| A | 1.27 | -0.37 | 0.00 | -0.37 | 0.00 | 2.48 | 7.20 | |||
| CRM | 1.83 | -0.27 | 0.00 | -0.37 | 0.00 | 4.03 | 12.37 | |||
| JPM | 1.24 | -0.09 | 0.00 | -0.07 | 0.00 | 2.34 | 8.17 | |||
| MRK | 1.20 | 0.23 | 0.15 | 0.45 | 1.31 | 2.54 | 7.29 | |||
| XOM | 1.32 | 0.36 | 0.25 | 3.95 | 1.16 | 2.90 | 6.83 |
Pacer Developed Competitive Analysis
Competitive analysis of Pacer Developed helps investors understand the drivers behind Pacer Developed's financial results. Benchmarking Pacer Developed's performance against peers helps reveal whether its growth and profitability are sustainable.| Better Than Average | Worse Than Peers | View Performance Chart |
Pacer Developed Peer Performance Charts
How to Analyze Pacer Developed Against Peers
Pacer Developed's peer analysis compares Pacer Developed with related companies to put valuation, quality, and risk metrics in context. This helps determine whether recent performance is company-specific or broadly sector-driven. A practical workflow includes:- Set a relevant peer group: Include direct competitors and close alternatives with comparable business exposure.
- Benchmark core financials: Compare profitability, growth, capital structure, and cash flow quality.
- Check valuation dispersion: Review whether Pacer Developed trades at a premium or discount versus peers and why.
- Evaluate risk profile: Compare volatility, drawdowns, and correlation to avoid false diversification assumptions.
- Document the thesis: Record where Pacer Developed leads or lags and what catalysts could close or widen the gap.