A strength of Pacer is that its product shelf of open-end and exchange-traded funds is, on average, offered at a minimal cost, suggesting that it considers what's best for its investor base. On average, fees for funds are in the second-lowest quintile of respective category peers. Pacer has showcased a durable product shelf. This is demonstrated by the firm's three-year risk-adjusted success ratio of 64%, meaning that 64% of its products have both survived and beaten their respective category median on a risk-adjusted basis. A high success ratio indicates good performance and provides insight into a firm’s discipline around investment strategy and product development. Pacer has had high portfolio management turnover over the past five years compared with peers, detracting from its rating, as long-term stability tends to go together with positive results.
Worst-Performing Stock ETFs for the Month
ARK Innovation ETF and ProShares S&P MidCap 400 Dividend Aristocrats ETF were among the worst-performing ETFs in May 2024.