BUL vs. AOTG

Last updated Jun 4, 2026

BUL (Pacer US Cash Cows Growth ETF) and AOTG (AOT Growth and Innovation ETF) are both exchange-traded funds - BUL is a Mid Cap Blend Equities fund tracking the Pacer US Cash Cows Growth Index, while AOTG is a Technology Equities fund actively managed by AOT. BUL is passively managed, while AOTG is actively managed. Over the past 3 years, BUL returned 22.33%/yr vs 29.37%/yr for AOTG. A 0.64 correlation means they provide meaningful diversification when combined. BUL charges 0.60%/yr vs 0.75%/yr for AOTG.

Performance

BUL vs. AOTG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer US Cash Cows Growth ETF (BUL) and AOT Growth and Innovation ETF (AOTG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BUL achieves a 9.02% return, which is significantly lower than AOTG's 16.75% return.

BUL

• 1D: 0.04%
• 1M: 5.95%
• YTD: 9.02%
• 6M: 10.73%
• 1Y: 25.79%
• 3Y*: 22.33%
• 5Y*: 11.26%
• 10Y*: —

AOTG

• 1D: -1.35%
• 1M: 14.06%
• YTD: 16.75%
• 6M: 16.42%
• 1Y: 40.78%
• 3Y*: 29.37%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

BUL vs. AOTG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
BUL Pacer US Cash Cows Growth ETF	9.02%	19.18%	27.39%	3.68%	10.21%
AOTG AOT Growth and Innovation ETF	16.75%	25.26%	32.20%	54.58%	-11.53%

Correlation

The correlation between BUL and AOTG is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.64
Correlation (All Time) Calculated using the full available price history since Jun 30, 2022	0.64

The correlation between BUL and AOTG has been stable across timeframes, ranging from 0.64 to 0.65 - a consistent structural relationship.

BUL vs. AOTG - Sectors Allocation Comparison

Sectors	BUL	AOTG
Technology	28.3%	62.8%
Consumer Cyclical	22.3%	8.1%
Healthcare	21.4%	0.3%
Industrials	13.4%	0.7%
Basic Materials	5.7%	-
Energy	5.1%	-
Consumer Defensive	2.3%	-
Communication Services	1.6%	16.3%
Financial Services	-	11.9%
Real Estate	-	-
Utilities	-	-

Return for Risk

BUL vs. AOTG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

BUL

BUL Risk / Return Rank: 50
BUL Sharpe Ratio Rank: 44
BUL Sortino Ratio Rank: 46
BUL Omega Ratio Rank: 42
BUL Calmar Ratio Rank: 58
BUL Martin Ratio Rank: 59

AOTG

AOTG Risk / Return Rank: 42
AOTG Sharpe Ratio Rank: 49
AOTG Sortino Ratio Rank: 45
AOTG Omega Ratio Rank: 46
AOTG Calmar Ratio Rank: 36
AOTG Martin Ratio Rank: 33

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BUL vs. AOTG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer US Cash Cows Growth ETF (BUL) and AOT Growth and Innovation ETF (AOTG). 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.

	BUL	AOTG	Difference
Sharpe ratio: Return per unit of total volatility	1.55	1.72	-0.17
Sortino ratio: Return per unit of downside risk	2.30	2.27	+0.04
Omega ratio: Gain probability vs. loss probability	1.27	1.29	-0.02
Calmar ratio: Return relative to maximum drawdown	2.90	1.79	+1.11
Martin ratio: Return relative to average drawdown	10.49	5.16	+5.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

BUL vs. AOTG - Sharpe Ratio Comparison

The current BUL Sharpe Ratio is 1.55, which is comparable to the AOTG Sharpe Ratio of 1.72. The chart below compares the historical Sharpe Ratios of BUL and AOTG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	BUL	AOTG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.55	1.72	-0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.52	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.58	0.97	-0.38

Drawdowns

BUL vs. AOTG - Drawdown Comparison

The maximum BUL drawdown since its inception was -37.08%, which is greater than AOTG's maximum drawdown of -31.63%. Use the drawdown chart below to compare losses from any high point for BUL and AOTG.

Drawdown Indicators

	BUL	AOTG	Difference
Max Drawdown Largest peak-to-trough decline	-37.08%	-31.63%	-5.45%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-22.85%	+13.92%
Max Drawdown (3Y) Largest decline over 3 years	-23.55%	-27.41%	+3.86%
Max Drawdown (5Y) Largest decline over 5 years	-27.85%	—	—
Current Drawdown Current decline from peak	0.00%	-2.31%	+2.31%
Average Drawdown Average peak-to-trough decline	-7.65%	-7.89%	+0.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.46%	7.92%	-5.46%

Volatility

BUL vs. AOTG - Volatility Comparison

The current volatility for Pacer US Cash Cows Growth ETF (BUL) is 5.32%, while AOT Growth and Innovation ETF (AOTG) has a volatility of 7.48%. This indicates that BUL experiences smaller price fluctuations and is considered to be less risky than AOTG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	BUL	AOTG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.32%	7.48%	-2.16%
Volatility (6M) Calculated over the trailing 6-month period	11.88%	18.77%	-6.89%
Volatility (1Y) Calculated over the trailing 1-year period	16.78%	23.90%	-7.12%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.79%	29.28%	-7.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.25%	29.28%	-5.03%

BUL vs. AOTG - Expense Ratio Comparison

BUL has a 0.60% expense ratio, which is lower than AOTG's 0.75% expense ratio.

Dividends

BUL vs. AOTG - Dividend Comparison

BUL's dividend yield for the trailing twelve months is around 0.23%, while AOTG has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AOTG AOT Growth and Innovation ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
BUL Pacer US Cash Cows Growth ETF	0.23%	0.28%	0.30%	2.11%	0.67%	0.08%	0.69%	0.81%

Frequently Asked Questions

Can I hold both BUL and AOTG in my portfolio?

BUL and AOTG have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BUL or AOTG?

AOTG has higher volatility (7.48%) compared to BUL (5.32%). In terms of maximum drawdown, BUL dropped -37.08% vs AOTG's -31.63%.

Which ETF is better, BUL or AOTG?

On 3-year performance, AOTG leads with 29.37% vs 22.33% for BUL. On fees, BUL is cheaper at 0.60% per year. On volatility, BUL has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, BUL or AOTG?

Over the 3-year period, AOTG has performed better with a 29.37% return vs 22.33%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, BUL or AOTG?

BUL is cheaper with a 0.60% expense ratio, compared with 0.75% for AOTG.

Which ETF pays a higher dividend yield, BUL or AOTG?

BUL has the higher dividend yield at 0.23%, compared with 0.00% for AOTG.

What is the main difference between BUL and AOTG?

BUL is categorized as Mid Cap Blend Equities, while AOTG is Technology Equities. They also come from different issuers: Pacer and AOT. Their fees differ too: 0.60% for BUL and 0.75% for AOTG.

Which has better risk-adjusted returns?

AOTG currently has the higher Sharpe Ratio (1.72 vs 1.55), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.