AKAF vs. HERD
AKAF (The Frontier Economic Fund) and HERD (Pacer Cash Cows Fund of Funds ETF) are both Global Equities funds - AKAF tracks the Alaska Last Frontier Index while HERD tracks the Pacer Cash Cows Fund of Funds Index. Both are passively managed. Over the past year, AKAF returned 27.47% vs 23.19% for HERD. Their correlation of 0.85 suggests significant overlap in exposure. AKAF charges 0.20%/yr vs 0.73%/yr for HERD.
Performance
AKAF vs. HERD - Performance Comparison
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Returns By Period
In the year-to-date period, AKAF achieves a 8.79% return, which is significantly higher than HERD's 7.59% return.
AKAF
- 1D
- 0.26%
- 1M
- -2.75%
- YTD
- 8.79%
- 6M
- 6.98%
- 1Y
- 27.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
HERD
- 1D
- -0.23%
- 1M
- -3.02%
- YTD
- 7.59%
- 6M
- 6.66%
- 1Y
- 23.19%
- 3Y*
- 15.28%
- 5Y*
- 9.17%
- 10Y*
- —
AKAF vs. HERD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
AKAF The Frontier Economic Fund | 8.79% | 17.17% |
HERD Pacer Cash Cows Fund of Funds ETF | 7.59% | 14.51% |
Correlation
The correlation between AKAF and HERD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 26, 2025 | 0.85 |
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Return for Risk
AKAF vs. HERD — Risk / Return Rank
AKAF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
HERD
AKAF vs. HERD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for The Frontier Economic Fund (AKAF) and Pacer Cash Cows Fund of Funds ETF (HERD). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| AKAF | HERD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.35 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 4.10 | — |
| Martin ratioReturn relative to average drawdown | — | 12.75 | — |
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Drawdowns
AKAF vs. HERD - Drawdown Comparison
The maximum AKAF drawdown since its inception was -9.32%, smaller than the maximum HERD drawdown of -39.41%. Use the drawdown chart below to compare losses from any high point for AKAF and HERD.
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Drawdown Indicators
| AKAF | HERD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.32% | -39.41% | +30.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.32% | -5.68% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | — | -18.90% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.60% | — |
Current DrawdownCurrent decline from peak | -4.18% | -4.63% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -4.54% | +2.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.82% | — |
Volatility
AKAF vs. HERD - Volatility Comparison
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Volatility by Period
| AKAF | HERD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 3.79% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 8.27% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 15.01% | 11.93% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 17.75% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.01% | 20.45% | -5.44% |
AKAF vs. HERD - Expense Ratio Comparison
AKAF has a 0.20% expense ratio, which is lower than HERD's 0.73% expense ratio.
Dividends
AKAF vs. HERD - Dividend Comparison
AKAF's dividend yield for the trailing twelve months is around 3.03%, more than HERD's 2.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AKAF The Frontier Economic Fund | 3.03% | 2.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
HERD Pacer Cash Cows Fund of Funds ETF | 2.91% | 3.75% | 2.43% | 2.54% | 2.50% | 2.02% | 1.95% | 1.69% |
Frequently Asked Questions
AKAF and HERD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On 1-year performance, AKAF leads with 27.47% vs 23.19% for HERD. On fees, AKAF is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, AKAF has performed better with a 27.47% return vs 23.19%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
AKAF is cheaper with a 0.20% expense ratio, compared with 0.73% for HERD.
AKAF has the higher dividend yield at 3.03%, compared with 2.91% for HERD.
AKAF tracks Alaska Last Frontier Index, while HERD tracks Pacer Cash Cows Fund of Funds Index. They also come from different issuers: Prospr Aligned and Pacer. Their fees differ too: 0.20% for AKAF and 0.73% for HERD.
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