PTBD vs. AGG

Last updated Jun 3, 2026

PTBD (Pacer Trendpilot US Bond ETF) and AGG (iShares Core U.S. Aggregate Bond ETF) are both exchange-traded funds - PTBD is a High Yield Bonds fund tracking the Pacer Trendpilot US Bond Index, while AGG is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Bond Index. Both are passively managed. Over the past 5 years, PTBD returned -1.51%/yr vs 0.23%/yr for AGG. A 0.56 correlation means they provide meaningful diversification when combined. PTBD charges 0.60%/yr vs 0.03%/yr for AGG.

Performance

PTBD vs. AGG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot US Bond ETF (PTBD) and iShares Core U.S. Aggregate Bond ETF (AGG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTBD achieves a 0.97% return, which is significantly higher than AGG's 0.47% return.

PTBD

• 1D: 0.10%
• 1M: 0.29%
• YTD: 0.97%
• 6M: 0.81%
• 1Y: 3.88%
• 3Y*: 5.02%
• 5Y*: -1.51%
• 10Y*: —

AGG

• 1D: 0.03%
• 1M: 0.14%
• YTD: 0.47%
• 6M: 0.49%
• 1Y: 5.29%
• 3Y*: 4.02%
• 5Y*: 0.23%
• 10Y*: 1.59%

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

PTBD vs. AGG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PTBD Pacer Trendpilot US Bond ETF	0.97%	2.49%	4.24%	8.84%	-20.88%	0.47%	10.62%	2.49%
AGG iShares Core U.S. Aggregate Bond ETF	0.47%	7.19%	1.31%	5.65%	-13.02%	-1.77%	7.48%	0.27%

Correlation

The correlation between PTBD and AGG is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019	0.56

The correlation between PTBD and AGG shifts across timeframes, from 0.56 (all time) to 0.68 (3 years), reflecting how their relationship changes across market environments.

Return for Risk

PTBD vs. AGG — Risk / Return Rank

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

PTBD

PTBD Risk / Return Rank: 28
PTBD Sharpe Ratio Rank: 29
PTBD Sortino Ratio Rank: 28
PTBD Omega Ratio Rank: 29
PTBD Calmar Ratio Rank: 26
PTBD Martin Ratio Rank: 31

AGG

AGG Risk / Return Rank: 37
AGG Sharpe Ratio Rank: 38
AGG Sortino Ratio Rank: 40
AGG Omega Ratio Rank: 37
AGG Calmar Ratio Rank: 36
AGG Martin Ratio Rank: 35

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.

PTBD vs. AGG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and iShares Core U.S. Aggregate Bond ETF (AGG). 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.

	PTBD	AGG	Difference
Sharpe ratio Return per unit of total volatility	1.05	1.38	-0.33
Sortino ratio Return per unit of downside risk	1.52	2.06	-0.54
Omega ratio Gain probability vs. loss probability	1.19	1.25	-0.05
Calmar ratio Return relative to maximum drawdown	1.24	1.81	-0.58
Martin ratio Return relative to average drawdown	4.69	5.61	-0.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTBD vs. AGG - Sharpe Ratio Comparison

The current PTBD Sharpe Ratio is 1.05, which is comparable to the AGG Sharpe Ratio of 1.38. The chart below compares the historical Sharpe Ratios of PTBD and AGG, 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

	PTBD	AGG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.05	1.38	-0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.21	0.04	-0.25
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.30	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	0.59	-0.48

Drawdowns

PTBD vs. AGG - Drawdown Comparison

The maximum PTBD drawdown since its inception was -26.00%, which is greater than AGG's maximum drawdown of -18.43%. Use the drawdown chart below to compare losses from any high point for PTBD and AGG.

Drawdown Indicators

	PTBD	AGG	Difference
Max Drawdown Largest peak-to-trough decline	-26.00%	-18.43%	-7.57%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-2.76%	-0.36%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	-6.11%	+2.29%
Max Drawdown (5Y) Largest decline over 5 years	-26.00%	-17.82%	-8.18%
Max Drawdown (10Y) Largest decline over 10 years	—	-18.43%	—
Current Drawdown Current decline from peak	-8.89%	-1.93%	-6.96%
Average Drawdown Average peak-to-trough decline	-10.16%	-2.71%	-7.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	0.89%	-0.07%

Volatility

PTBD vs. AGG - Volatility Comparison

Pacer Trendpilot US Bond ETF (PTBD) and iShares Core U.S. Aggregate Bond ETF (AGG) have volatilities of 1.30% and 1.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTBD	AGG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.30%	1.32%	-0.02%
Volatility (6M) Calculated over the trailing 6-month period	2.88%	2.76%	+0.12%
Volatility (1Y) Calculated over the trailing 1-year period	3.72%	3.85%	-0.13%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	6.09%	+1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.81%	5.41%	+2.40%

PTBD vs. AGG - Expense Ratio Comparison

PTBD has a 0.60% expense ratio, which is higher than AGG's 0.03% expense ratio.

Dividends

PTBD vs. AGG - Dividend Comparison

PTBD's dividend yield for the trailing twelve months is around 5.87%, more than AGG's 3.98% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AGG iShares Core U.S. Aggregate Bond ETF	3.98%	3.89%	3.74%	3.13%	2.39%	1.77%	2.14%	2.70%	2.72%	2.32%	2.39%	2.45%
PTBD Pacer Trendpilot US Bond ETF	5.87%	5.62%	6.56%	6.55%	6.14%	2.70%	2.50%	0.62%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PTBD and AGG in my portfolio?

PTBD and AGG have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PTBD or AGG?

AGG has higher volatility (1.32%) compared to PTBD (1.30%). In terms of maximum drawdown, PTBD dropped -26.00% vs AGG's -18.43%.

Which ETF is better, PTBD or AGG?

On 5-year performance, AGG leads with 0.23% vs -1.51% for PTBD. On fees, AGG is cheaper at 0.03% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTBD or AGG?

Over the 5-year period, AGG has performed better with a 0.23% return vs -1.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTBD or AGG?

AGG is cheaper with a 0.03% expense ratio, compared with 0.60% for PTBD.

Which ETF pays a higher dividend yield, PTBD or AGG?

PTBD has the higher dividend yield at 5.87%, compared with 3.98% for AGG.

What is the main difference between PTBD and AGG?

PTBD is categorized as High Yield Bonds, while AGG is Total Bond Market. PTBD tracks Pacer Trendpilot US Bond Index, while AGG tracks Bloomberg U.S. Aggregate Bond Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for PTBD and 0.03% for AGG.

Which has better risk-adjusted returns?

AGG currently has the higher Sharpe Ratio (1.38 vs 1.05), 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.