HERD vs. AVTM

Last updated Jun 4, 2026

HERD (Pacer Cash Cows Fund of Funds ETF) and AVTM (Avantis Total Equity Markets ETF) are both Global Equities funds. HERD is passively managed, while AVTM is actively managed. Their correlation of 0.80 suggests significant overlap in exposure. HERD charges 0.73%/yr vs 0.22%/yr for AVTM.

Performance

HERD vs. AVTM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Cash Cows Fund of Funds ETF (HERD) and Avantis Total Equity Markets ETF (AVTM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

HERD

• 1D: -0.52%
• 1M: 3.45%
• YTD: 12.05%
• 6M: 12.85%
• 1Y: 29.32%
• 3Y*: 17.33%
• 5Y*: 9.95%
• 10Y*: —

AVTM

• 1D: -0.65%
• 1M: 5.45%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HERD vs. AVTM - Yearly Performance Comparison

	2026 (YTD)
HERD Pacer Cash Cows Fund of Funds ETF	7.19%
AVTM Avantis Total Equity Markets ETF	9.06%

Correlation

The correlation between HERD and AVTM is 0.80, 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 Feb 3, 2026	0.80

HERD vs. AVTM - Sectors Allocation Comparison

Sectors	HERD	AVTM
Technology	18.0%	31.0%
Energy	15.9%	4.2%
Consumer Cyclical	15.6%	11.0%
Healthcare	14.7%	6.4%
Industrials	13.4%	11.9%
Communication Services	8.3%	10.2%
Consumer Defensive	8.2%	4.2%
Basic Materials	4.7%	2.7%
Utilities	0.8%	1.8%
Real Estate	0.3%	0.2%
Financial Services	0.0%	16.6%

Return for Risk

HERD vs. AVTM — Risk / Return Rank

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

HERD

HERD Risk / Return Rank: 81
HERD Sharpe Ratio Rank: 78
HERD Sortino Ratio Rank: 79
HERD Omega Ratio Rank: 75
HERD Calmar Ratio Rank: 88
HERD Martin Ratio Rank: 85

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.

HERD vs. AVTM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Cash Cows Fund of Funds ETF (HERD) and Avantis Total Equity Markets ETF (AVTM). 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.

	HERD	AVTM	Difference
Sharpe ratio: Return per unit of total volatility	2.54	—	—
Sortino ratio: Return per unit of downside risk	3.56	—	—
Omega ratio: Gain probability vs. loss probability	1.45	—	—
Calmar ratio: Return relative to maximum drawdown	5.19	—	—
Martin ratio: Return relative to average drawdown	17.73	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	HERD	AVTM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.54	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.56	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	1.88	-1.25

Drawdowns

HERD vs. AVTM - Drawdown Comparison

The maximum HERD drawdown since its inception was -39.41%, which is greater than AVTM's maximum drawdown of -9.21%. Use the drawdown chart below to compare losses from any high point for HERD and AVTM.

Drawdown Indicators

	HERD	AVTM	Difference
Max Drawdown Largest peak-to-trough decline	-39.41%	-9.21%	-30.20%
Max Drawdown (1Y) Largest decline over 1 year	-5.68%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-18.90%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-21.60%	—	—
Current Drawdown Current decline from peak	-0.67%	-0.65%	-0.02%
Average Drawdown Average peak-to-trough decline	-4.55%	-2.08%	-2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.66%	—	—

Volatility

Volatility by Period

	HERD	AVTM	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	—	—
Volatility (6M) Calculated over the trailing 6-month period	7.74%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	15.88%	-4.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.76%	15.88%	+1.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.50%	15.88%	+4.62%

HERD vs. AVTM - Expense Ratio Comparison

HERD has a 0.73% expense ratio, which is higher than AVTM's 0.22% expense ratio.

Dividends

HERD vs. AVTM - Dividend Comparison

HERD's dividend yield for the trailing twelve months is around 3.13%, more than AVTM's 0.08% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVTM Avantis Total Equity Markets ETF	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HERD Pacer Cash Cows Fund of Funds ETF	3.13%	3.75%	2.43%	2.54%	2.50%	2.02%	1.95%	1.69%

Frequently Asked Questions

Can I hold both HERD and AVTM in my portfolio?

HERD and AVTM have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, HERD or AVTM?

On fees, AVTM is cheaper at 0.22% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, HERD or AVTM?

AVTM is cheaper with a 0.22% expense ratio, compared with 0.73% for HERD.

Which ETF pays a higher dividend yield, HERD or AVTM?

HERD has the higher dividend yield at 3.13%, compared with 0.08% for AVTM.

What is the main difference between HERD and AVTM?

They also come from different issuers: Pacer and Avantis. Their fees differ too: 0.73% for HERD and 0.22% for AVTM.