MODL vs. TRND

Last updated Aug 2, 2026

MODL (Victoryshares Westend U.S. Sector ETF) and TRND (Pacer Trendpilot Fund of Funds ETF) are both Large Cap Blend Equities funds. MODL is actively managed, while TRND is passively managed. Over the past 3 years, MODL returned 18.29%/yr vs 9.60%/yr for TRND. Their correlation of 0.86 means they have usually moved in the same direction. MODL charges 0.46%/yr vs 0.77%/yr for TRND.

Performance

MODL vs. TRND - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Victoryshares Westend U.S. Sector ETF (MODL) and Pacer Trendpilot Fund of Funds ETF (TRND). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with MODL having a 7.88% return and TRND slightly higher at 8.24%.

MODL

• 1D: 0.24%
• 1M: -0.44%
• 6M: 7.19%
• YTD: 7.88%
• 1Y: 19.08%
• 3Y*: 18.29%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 21.70%

TRND

• 1D: 0.25%
• 1M: -0.96%
• 6M: 5.77%
• YTD: 8.24%
• 1Y: 17.45%
• 3Y*: 9.60%
• 5Y*: 5.55%
• 10Y*: —
• ALL TIME*: 6.96%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
MODL Victoryshares Westend U.S. Sector ETF	$1.69M	$2.90M	$3.17M
TRND Pacer Trendpilot Fund of Funds ETF	$78.10K	$66.01K	$152.95K

MODL vs. TRND - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MODL Victoryshares Westend U.S. Sector ETF	7.88%	18.99%	24.73%	23.74%	6.45%
TRND Pacer Trendpilot Fund of Funds ETF	8.24%	6.03%	11.97%	16.48%	0.43%

Correlation

The correlation between MODL and TRND is 0.90, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.90
Correlation (3Y) Balances recent behavior with more history.	0.86
Correlation (All Time) Calculated using the full available price history since Oct 12, 2022	0.86

The correlation between MODL and TRND has been stable across timeframes, ranging from 0.86 to 0.90 - a consistent structural relationship.

MODL vs. TRND - Sectors Allocation Comparison

Sectors	MODL	TRND
Technology	32.3%	34.5%
Financial Services	20.2%	12.8%
Healthcare	18.3%	7.4%
Communication Services	9.7%	6.9%
Utilities	5.0%	2.1%
Consumer Cyclical	4.9%	9.4%
Basic Materials	4.6%	3.2%
Industrials	4.6%	13.0%
Energy	0.0%	3.1%
Consumer Defensive	0.0%	4.9%
Real Estate	-	2.5%

Return for Risk

MODL vs. TRND — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

MODL

MODL Risk / Return Rank: 60
MODL Sharpe Ratio Rank: 63
MODL Sortino Ratio Rank: 63
MODL Omega Ratio Rank: 60
MODL Calmar Ratio Rank: 52
MODL Martin Ratio Rank: 66

TRND

TRND Risk / Return Rank: 57
TRND Sharpe Ratio Rank: 55
TRND Sortino Ratio Rank: 55
TRND Omega Ratio Rank: 53
TRND Calmar Ratio Rank: 58
TRND Martin Ratio Rank: 66

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

MODL vs. TRND - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Victoryshares Westend U.S. Sector ETF (MODL) and Pacer Trendpilot Fund of Funds ETF (TRND). 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.

	MODL	TRND	Difference
Sharpe ratio: Return per unit of total volatility	1.47	1.32	+0.15
Sortino ratio: Return per unit of downside risk	2.09	1.90	+0.19
Omega ratio: Gain probability vs. loss probability	1.26	1.24	+0.02
Calmar ratio: Return relative to maximum drawdown	1.84	2.05	-0.21
Martin ratio: Return relative to average drawdown	8.00	8.01	-0.01

MODL vs. TRND - Sharpe Ratio Comparison

The current MODL Sharpe Ratio is 1.47, which is comparable to the TRND Sharpe Ratio of 1.32. The chart below compares the historical Sharpe Ratios of MODL and TRND, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

MODL vs. TRND - Drawdown Comparison

The maximum MODL drawdown since its inception was -17.60%, roughly equal to the maximum TRND drawdown of -17.88%. Use the drawdown chart below to compare losses from any high point for MODL and TRND.

Drawdown Indicators

	MODL	TRND	Difference
Max Drawdown Largest peak-to-trough decline	-17.60%	-17.88%	+0.28%
Max Drawdown (1Y) Largest decline over 1 year	-9.46%	-8.00%	-1.46%
Max Drawdown (3Y) Largest decline over 3 years	-17.60%	-9.56%	-8.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-16.21%	—
Current Drawdown Current decline from peak	-1.20%	-2.22%	+1.02%
Average Drawdown Average peak-to-trough decline	-2.00%	-5.14%	+3.14%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.18%	2.05%	+0.13%

Volatility

MODL vs. TRND - Volatility Comparison

The current volatility for Victoryshares Westend U.S. Sector ETF (MODL) is 3.09%, while Pacer Trendpilot Fund of Funds ETF (TRND) has a volatility of 3.55%. This indicates that MODL experiences smaller price fluctuations and is considered to be less risky than TRND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MODL	TRND	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.09%	3.55%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	9.32%	10.28%	-0.96%
Volatility (1Y) Calculated over the trailing 1-year period	11.88%	12.49%	-0.61%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.53%	10.00%	+4.53%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.53%	11.29%	+3.24%

MODL vs. TRND - Expense Ratio Comparison

MODL has a 0.46% expense ratio, which is lower than TRND's 0.77% expense ratio.

Dividends

MODL vs. TRND - Dividend Comparison

MODL's dividend yield for the trailing twelve months is around 0.70%, less than TRND's 2.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
MODL Victoryshares Westend U.S. Sector ETF	0.70%	0.67%	0.83%	1.02%	0.39%	0.00%	0.00%	0.00%
TRND Pacer Trendpilot Fund of Funds ETF	2.14%	2.32%	2.31%	2.51%	1.76%	0.93%	0.60%	0.93%

Frequently Asked Questions

Can I hold both MODL and TRND in my portfolio?

With a correlation of 0.90, MODL and TRND move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, MODL or TRND?

TRND has higher volatility (3.55%) compared to MODL (3.09%). In terms of maximum drawdown, MODL dropped -17.60% vs TRND's -17.88%.

Which ETF is better, MODL or TRND?

On 3-year performance, MODL leads with 18.29% vs 9.60% for TRND. On fees, MODL is cheaper at 0.46% per year. On volatility, MODL has been the lower-risk option at 3.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MODL or TRND?

Over the 3-year period, MODL has performed better with a 18.29% return vs 9.60%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MODL or TRND?

MODL is cheaper with a 0.46% expense ratio, compared with 0.77% for TRND.

Which ETF pays a higher dividend yield, MODL or TRND?

TRND has the higher dividend yield at 2.14%, compared with 0.70% for MODL.

What is the main difference between MODL and TRND?

They also come from different issuers: Victory and Pacer. Their fees differ too: 0.46% for MODL and 0.77% for TRND.

Which has better risk-adjusted returns?

MODL currently has the higher Sharpe Ratio (1.47 vs 1.32), 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.