MOOD vs. HERD

Last updated Aug 1, 2026

MOOD (Relative Sentiment Tactical Allocation ETF) and HERD (Pacer Cash Cows Fund of Funds ETF) are both exchange-traded funds - MOOD is a Tactical Allocation fund actively managed by Alpha Architect, while HERD is a Global Equities fund tracking the Pacer Cash Cows Fund of Funds Index. MOOD is actively managed, while HERD is passively managed. Over the past 3 years, MOOD returned 19.14%/yr vs 14.59%/yr for HERD. Their 0.72 correlation means they have sometimes moved together and sometimes differently. Both charge a 0.73% expense ratio.

Performance

MOOD vs. HERD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Relative Sentiment Tactical Allocation ETF (MOOD) and Pacer Cash Cows Fund of Funds ETF (HERD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MOOD achieves a 13.27% return, which is significantly lower than HERD's 14.97% return.

MOOD

• 1D: 0.04%
• 1M: 0.15%
• 6M: 5.83%
• YTD: 13.27%
• 1Y: 31.25%
• 3Y*: 19.14%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 15.16%

HERD

• 1D: -0.45%
• 1M: 5.94%
• 6M: 10.58%
• YTD: 14.97%
• 1Y: 28.32%
• 3Y*: 14.59%
• 5Y*: 10.62%
• 10Y*: —
• ALL TIME*: 12.92%

*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)
HERD Pacer Cash Cows Fund of Funds ETF	$194.03K	$197.87K	$182.95K
MOOD Relative Sentiment Tactical Allocation ETF	$594.91K	$566.29K	$735.34K

MOOD vs. HERD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
MOOD Relative Sentiment Tactical Allocation ETF	13.27%	30.39%	12.53%	12.56%	-3.31%
HERD Pacer Cash Cows Fund of Funds ETF	14.97%	19.07%	2.91%	20.72%	-0.67%

Correlation

The correlation between MOOD and HERD is 0.60, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.60
Correlation (3Y) Balances recent behavior with more history.	0.66
Correlation (All Time) Calculated using the full available price history since May 19, 2022	0.72

The correlation between MOOD and HERD shifts across timeframes, from 0.60 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

MOOD vs. HERD - Sectors Allocation Comparison

Sectors	MOOD	HERD
Technology	33.5%	16.3%
Financial Services	12.4%	0.0%
Industrials	9.9%	11.9%
Consumer Cyclical	9.0%	17.8%
Healthcare	9.0%	16.9%
Communication Services	8.6%	8.8%
Basic Materials	5.9%	6.2%
Consumer Defensive	4.4%	10.1%
Energy	3.0%	10.4%
Utilities	2.2%	1.3%
Real Estate	2.1%	0.4%

Return for Risk

MOOD vs. HERD — Risk / Return Rank

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

MOOD

MOOD Risk / Return Rank: 84
MOOD Sharpe Ratio Rank: 89
MOOD Sortino Ratio Rank: 80
MOOD Omega Ratio Rank: 90
MOOD Calmar Ratio Rank: 85
MOOD Martin Ratio Rank: 78

HERD

HERD Risk / Return Rank: 92
HERD Sharpe Ratio Rank: 92
HERD Sortino Ratio Rank: 92
HERD Omega Ratio Rank: 91
HERD Calmar Ratio Rank: 94
HERD Martin Ratio Rank: 92

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.

MOOD vs. HERD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Relative Sentiment Tactical Allocation ETF (MOOD) and Pacer Cash Cows Fund of Funds ETF (HERD). 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.

	MOOD	HERD	Difference
Sharpe ratio: Return per unit of total volatility	2.14	2.42	-0.28
Sortino ratio: Return per unit of downside risk	2.57	3.45	-0.88
Omega ratio: Gain probability vs. loss probability	1.42	1.44	-0.02
Calmar ratio: Return relative to maximum drawdown	3.23	5.01	-1.78
Martin ratio: Return relative to average drawdown	9.79	15.56	-5.77

MOOD vs. HERD - Sharpe Ratio Comparison

The current MOOD Sharpe Ratio is 2.14, which is comparable to the HERD Sharpe Ratio of 2.42. The chart below compares the historical Sharpe Ratios of MOOD and HERD, 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

MOOD vs. HERD - Drawdown Comparison

The maximum MOOD drawdown since its inception was -14.34%, smaller than the maximum HERD drawdown of -39.41%. Use the drawdown chart below to compare losses from any high point for MOOD and HERD.

Drawdown Indicators

	MOOD	HERD	Difference
Max Drawdown Largest peak-to-trough decline	-14.34%	-39.41%	+25.07%
Max Drawdown (1Y) Largest decline over 1 year	-9.71%	-5.68%	-4.03%
Max Drawdown (3Y) Largest decline over 3 years	-9.71%	-18.90%	+9.19%
Max Drawdown (5Y) Largest decline over 5 years	—	-21.60%	—
Current Drawdown Current decline from peak	-2.08%	-0.70%	-1.38%
Average Drawdown Average peak-to-trough decline	-2.30%	-4.50%	+2.20%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.20%	1.83%	+1.37%

Volatility

MOOD vs. HERD - Volatility Comparison

The current volatility for Relative Sentiment Tactical Allocation ETF (MOOD) is 2.45%, while Pacer Cash Cows Fund of Funds ETF (HERD) has a volatility of 3.60%. This indicates that MOOD experiences smaller price fluctuations and is considered to be less risky than HERD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MOOD	HERD	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.45%	3.60%	-1.15%
Volatility (6M) Calculated over the trailing 6-month period	12.23%	8.72%	+3.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.69%	11.83%	+2.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.09%	17.68%	-5.59%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.09%	20.36%	-8.27%

MOOD vs. HERD - Expense Ratio Comparison

Both MOOD and HERD have an expense ratio of 0.73%.

Dividends

MOOD vs. HERD - Dividend Comparison

MOOD's dividend yield for the trailing twelve months is around 0.36%, less than HERD's 2.73% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HERD Pacer Cash Cows Fund of Funds ETF	2.73%	3.75%	2.43%	2.54%	2.50%	2.02%	1.95%	1.69%
MOOD Relative Sentiment Tactical Allocation ETF	0.36%	0.40%	1.33%	1.34%	1.43%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MOOD and HERD in my portfolio?

MOOD and HERD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, MOOD or HERD?

HERD has higher volatility (3.60%) compared to MOOD (2.45%). In terms of maximum drawdown, MOOD dropped -14.34% vs HERD's -39.41%.

Which ETF is better, MOOD or HERD?

On 3-year performance, MOOD leads with 19.14% vs 14.59% for HERD. Both ETFs have the same 0.73% expense ratio. On volatility, MOOD has been the lower-risk option at 2.45%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, MOOD or HERD?

Over the 3-year period, MOOD has performed better with a 19.14% return vs 14.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, MOOD or HERD?

MOOD and HERD have the same expense ratio: 0.73% per year.

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

HERD has the higher dividend yield at 2.73%, compared with 0.36% for MOOD.

What is the main difference between MOOD and HERD?

MOOD is categorized as Tactical Allocation, while HERD is Global Equities. They also come from different issuers: Alpha Architect and Pacer.

Which has better risk-adjusted returns?

HERD currently has the higher Sharpe Ratio (2.42 vs 2.14), 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.