PTBD vs. BND
PTBD (Pacer Trendpilot US Bond ETF) and BND (Vanguard Total Bond Market ETF) are both exchange-traded funds - PTBD is a High Yield Bonds fund tracking the Pacer Trendpilot US Bond Index, while BND is a Total Bond Market fund tracking the Bloomberg U.S. Aggregate Float Adjusted Index. Both are passively managed. Over the past 5 years, PTBD returned -1.59%/yr vs 0.05%/yr for BND. A 0.56 correlation means they provide meaningful diversification when combined. PTBD charges 0.60%/yr vs 0.03%/yr for BND.
Performance
PTBD vs. BND - Performance Comparison
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Returns By Period
In the year-to-date period, PTBD achieves a 1.32% return, which is significantly higher than BND's 0.49% return.
PTBD
- 1D
- -0.01%
- 1M
- 0.76%
- YTD
- 1.32%
- 6M
- 1.58%
- 1Y
- 3.66%
- 3Y*
- 5.44%
- 5Y*
- -1.59%
- 10Y*
- —
BND
- 1D
- 0.11%
- 1M
- 0.64%
- YTD
- 0.49%
- 6M
- 0.57%
- 1Y
- 4.23%
- 3Y*
- 3.96%
- 5Y*
- 0.05%
- 10Y*
- 1.56%
PTBD vs. BND - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PTBD Pacer Trendpilot US Bond ETF | 1.32% | 2.49% | 4.24% | 8.84% | -20.88% | 0.47% | 10.62% | 2.16% |
BND Vanguard Total Bond Market ETF | 0.49% | 7.08% | 1.38% | 5.65% | -13.11% | -1.86% | 7.71% | 0.38% |
Correlation
The correlation between PTBD and BND 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 23, 2019 | 0.56 |
The correlation between PTBD and BND shifts across timeframes, from 0.56 (all time) to 0.68 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTBD vs. BND — Risk / Return Rank
PTBD
BND
PTBD vs. BND - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and Vanguard Total Bond Market ETF (BND). 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.
| PTBD | BND | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.18 | ||
| Sortino ratioReturn per unit of downside risk | -0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.20 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.59 | -0.41 |
| Martin ratioReturn relative to average drawdown | 4.45 | 4.52 | -0.07 |
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Drawdowns
PTBD vs. BND - Drawdown Comparison
The maximum PTBD drawdown since its inception was -26.00%, which is greater than BND's maximum drawdown of -18.58%. Use the drawdown chart below to compare losses from any high point for PTBD and BND.
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Drawdown Indicators
| PTBD | BND | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -18.58% | -7.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -2.68% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -5.92% | +2.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | -17.91% | -8.09% |
Max Drawdown (10Y)Largest decline over 10 years | — | -18.58% | — |
Current DrawdownCurrent decline from peak | -8.58% | -2.15% | -6.43% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -3.06% | -7.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.94% | -0.12% |
Volatility
PTBD vs. BND - Volatility Comparison
Pacer Trendpilot US Bond ETF (PTBD) has a higher volatility of 1.25% compared to Vanguard Total Bond Market ETF (BND) at 1.08%. This indicates that PTBD's price experiences larger fluctuations and is considered to be riskier than BND based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTBD | BND | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.08% | +0.17% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 2.77% | +0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 3.74% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 6.03% | +1.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.79% | 5.53% | +2.26% |
PTBD vs. BND - Expense Ratio Comparison
PTBD has a 0.60% expense ratio, which is higher than BND's 0.03% expense ratio.
Dividends
PTBD vs. BND - Dividend Comparison
PTBD's dividend yield for the trailing twelve months is around 5.85%, more than BND's 3.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BND Vanguard Total Bond Market ETF | 3.96% | 3.86% | 3.67% | 3.09% | 2.60% | 2.12% | 2.38% | 2.72% | 2.81% | 2.54% | 2.51% | 2.57% |
PTBD Pacer Trendpilot US Bond ETF | 5.85% | 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
PTBD and BND 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.
PTBD has higher volatility (1.25%) compared to BND (1.08%). In terms of maximum drawdown, PTBD dropped -26.00% vs BND's -18.58%.
On 5-year performance, BND leads with 0.05% vs -1.59% for PTBD. On fees, BND is cheaper at 0.03% per year. On volatility, BND has been the lower-risk option at 1.08%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BND has performed better with a 0.05% return vs -1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BND is cheaper with a 0.03% expense ratio, compared with 0.60% for PTBD.
PTBD has the higher dividend yield at 5.85%, compared with 3.96% for BND.
PTBD is categorized as High Yield Bonds, while BND is Total Bond Market. PTBD tracks Pacer Trendpilot US Bond Index, while BND tracks Bloomberg U.S. Aggregate Float Adjusted Index. They also come from different issuers: Pacer and Vanguard. Their fees differ too: 0.60% for PTBD and 0.03% for BND.
BND currently has the higher Sharpe Ratio (1.14 vs 0.96), 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.
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