Correlation
The correlation between ALTL and SGOV is 0.01, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
ALTL vs. SGOV
Compare and contrast key facts about Pacer Lunt Large Cap Alternator ETF (ALTL) and iShares 0-3 Month Treasury Bond ETF (SGOV).
ALTL and SGOV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ALTL is a passively managed fund by Pacer Advisors that tracks the performance of the Lunt Capital US Large Cap Equity Rotation Index. It was launched on Jun 24, 2020. SGOV is a passively managed fund by iShares that tracks the performance of the ICE 0-3 Month US Treasury Bill Index. It was launched on May 26, 2020. Both ALTL and SGOV are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ALTL or SGOV.
Performance
ALTL vs. SGOV - Performance Comparison
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Key characteristics
ALTL:
0.11
SGOV:
21.63
ALTL:
0.24
SGOV:
474.39
ALTL:
1.03
SGOV:
475.39
ALTL:
0.06
SGOV:
485.71
ALTL:
0.21
SGOV:
7,710.35
ALTL:
7.73%
SGOV:
0.00%
ALTL:
16.10%
SGOV:
0.22%
ALTL:
-31.91%
SGOV:
-0.03%
ALTL:
-23.37%
SGOV:
0.00%
Returns By Period
In the year-to-date period, ALTL achieves a -7.63% return, which is significantly lower than SGOV's 1.75% return.
ALTL
-7.63%
1.74%
-13.46%
-0.04%
-5.97%
N/A
N/A
SGOV
1.75%
0.34%
2.15%
4.78%
4.55%
2.74%
N/A
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ALTL vs. SGOV - Expense Ratio Comparison
ALTL has a 0.60% expense ratio, which is higher than SGOV's 0.03% expense ratio.
Risk-Adjusted Performance
ALTL vs. SGOV — Risk-Adjusted Performance Rank
ALTL
SGOV
ALTL vs. SGOV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Lunt Large Cap Alternator ETF (ALTL) and iShares 0-3 Month Treasury Bond ETF (SGOV). 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.
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Dividends
ALTL vs. SGOV - Dividend Comparison
ALTL's dividend yield for the trailing twelve months is around 1.50%, less than SGOV's 4.69% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
ALTL Pacer Lunt Large Cap Alternator ETF | 1.50% | 1.56% | 1.28% | 1.23% | 1.06% | 0.75% |
SGOV iShares 0-3 Month Treasury Bond ETF | 4.69% | 5.10% | 4.87% | 1.45% | 0.03% | 0.05% |
Drawdowns
ALTL vs. SGOV - Drawdown Comparison
The maximum ALTL drawdown since its inception was -31.91%, which is greater than SGOV's maximum drawdown of -0.03%. Use the drawdown chart below to compare losses from any high point for ALTL and SGOV.
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Volatility
ALTL vs. SGOV - Volatility Comparison
Pacer Lunt Large Cap Alternator ETF (ALTL) has a higher volatility of 3.59% compared to iShares 0-3 Month Treasury Bond ETF (SGOV) at 0.06%. This indicates that ALTL's price experiences larger fluctuations and is considered to be riskier than SGOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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