CAPE vs. PTLC
Compare and contrast key facts about iPath Shiller CAPE ETN (CAPE) and Pacer Trendpilot US Large Cap ETF (PTLC).
CAPE and PTLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CAPE is a passively managed fund by Barclays Capital that tracks the performance of the Shiller Barclays CAPE US Core Sector Index. It was launched on Oct 10, 2012. PTLC is a passively managed fund by Pacer that tracks the performance of the Pacer Trendpilot U.S. Large Cap Index. It was launched on Jun 11, 2015. Both CAPE and PTLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CAPE vs. PTLC - Performance Comparison
Loading graphics...
CAPE vs. PTLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
CAPE iPath Shiller CAPE ETN | -4.29% | 9.10% | 14.40% | 27.65% | -15.28% |
PTLC Pacer Trendpilot US Large Cap ETF | -5.61% | 5.10% | 24.31% | 16.78% | -3.41% |
Returns By Period
In the year-to-date period, CAPE achieves a -4.29% return, which is significantly higher than PTLC's -5.61% return.
CAPE
- 1D
- 2.22%
- 1M
- -7.33%
- YTD
- -4.29%
- 6M
- -4.53%
- 1Y
- 2.96%
- 3Y*
- 12.22%
- 5Y*
- —
- 10Y*
- —
PTLC
- 1D
- 1.45%
- 1M
- -6.19%
- YTD
- -5.61%
- 6M
- -3.19%
- 1Y
- 3.04%
- 3Y*
- 12.35%
- 5Y*
- 9.42%
- 10Y*
- 10.22%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CAPE vs. PTLC - Expense Ratio Comparison
CAPE has a 0.45% expense ratio, which is lower than PTLC's 0.60% expense ratio.
Return for Risk
CAPE vs. PTLC — Risk / Return Rank
CAPE
PTLC
CAPE vs. PTLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iPath Shiller CAPE ETN (CAPE) and Pacer Trendpilot US Large Cap ETF (PTLC). 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.
| CAPE | PTLC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.20 | 0.26 | -0.07 |
Sortino ratioReturn per unit of downside risk | 0.40 | 0.42 | -0.02 |
Omega ratioGain probability vs. loss probability | 1.05 | 1.06 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 0.37 | 0.39 | -0.01 |
Martin ratioReturn relative to average drawdown | 1.50 | 1.04 | +0.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CAPE | PTLC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.20 | 0.26 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.80 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.78 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.63 | -0.24 |
Correlation
The correlation between CAPE and PTLC is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CAPE vs. PTLC - Dividend Comparison
CAPE's dividend yield for the trailing twelve months is around 1.46%, more than PTLC's 1.13% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAPE iPath Shiller CAPE ETN | 1.46% | 1.39% | 1.23% | 1.01% | 0.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PTLC Pacer Trendpilot US Large Cap ETF | 1.13% | 1.06% | 0.67% | 1.18% | 1.26% | 0.73% | 1.08% | 1.10% | 1.00% | 0.97% | 1.08% | 0.42% |
Drawdowns
CAPE vs. PTLC - Drawdown Comparison
The maximum CAPE drawdown since its inception was -22.07%, smaller than the maximum PTLC drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for CAPE and PTLC.
Loading graphics...
Drawdown Indicators
| CAPE | PTLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.07% | -26.63% | +4.56% |
Max Drawdown (1Y)Largest decline over 1 year | -10.89% | -8.77% | -2.12% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -7.33% | -7.45% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -5.70% | +0.70% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.71% | 3.28% | -0.57% |
Volatility
CAPE vs. PTLC - Volatility Comparison
iPath Shiller CAPE ETN (CAPE) has a higher volatility of 5.09% compared to Pacer Trendpilot US Large Cap ETF (PTLC) at 4.59%. This indicates that CAPE's price experiences larger fluctuations and is considered to be riskier than PTLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CAPE | PTLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.09% | 4.59% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.01% | 9.15% | -1.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.07% | 11.60% | +3.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.14% | 11.80% | +5.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.14% | 13.17% | +3.97% |