PTBD vs. BSJR
PTBD (Pacer Trendpilot US Bond ETF) and BSJR (Invesco BulletShares 2027 High Yield Corporate Bond ETF) are both High Yield Bonds funds - PTBD tracks the Pacer Trendpilot US Bond Index while BSJR tracks the NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. Both are passively managed. Over the past 5 years, PTBD returned -1.58%/yr vs 3.37%/yr for BSJR. A 0.61 correlation means they provide meaningful diversification when combined. PTBD charges 0.60%/yr vs 0.42%/yr for BSJR.
Performance
PTBD vs. BSJR - Performance Comparison
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Returns By Period
In the year-to-date period, PTBD achieves a 0.78% return, which is significantly lower than BSJR's 1.11% return.
PTBD
- 1D
- -0.18%
- 1M
- 0.49%
- YTD
- 0.78%
- 6M
- 0.48%
- 1Y
- 3.56%
- 3Y*
- 4.95%
- 5Y*
- -1.58%
- 10Y*
- —
BSJR
- 1D
- -0.09%
- 1M
- 0.05%
- YTD
- 1.11%
- 6M
- 1.70%
- 1Y
- 4.78%
- 3Y*
- 7.78%
- 5Y*
- 3.37%
- 10Y*
- —
PTBD vs. BSJR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
PTBD Pacer Trendpilot US Bond ETF | 0.78% | 2.49% | 4.24% | 8.84% | -20.88% | 0.47% | 10.62% | 2.49% |
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 1.11% | 7.41% | 7.15% | 11.91% | -11.35% | 3.60% | 5.69% | 2.07% |
Correlation
The correlation between PTBD and BSJR is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019 | 0.61 |
The correlation between PTBD and BSJR shifts across timeframes, from 0.61 (all time) to 0.74 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTBD vs. BSJR — Risk / Return Rank
PTBD
BSJR
PTBD vs. BSJR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR). 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 | BSJR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -2.12 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.45 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 4.13 | -2.98 |
| Martin ratioReturn relative to average drawdown | 4.34 | 19.02 | -14.68 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PTBD | BSJR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 2.27 | -1.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.50 | -0.72 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.43 | -0.32 |
Drawdowns
PTBD vs. BSJR - Drawdown Comparison
The maximum PTBD drawdown since its inception was -26.00%, which is greater than BSJR's maximum drawdown of -22.58%. Use the drawdown chart below to compare losses from any high point for PTBD and BSJR.
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Drawdown Indicators
| PTBD | BSJR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -22.58% | -3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -1.16% | -1.96% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -3.15% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | -16.37% | -9.63% |
Current DrawdownCurrent decline from peak | -9.06% | -0.27% | -8.79% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -3.25% | -6.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.25% | +0.57% |
Volatility
PTBD vs. BSJR - Volatility Comparison
Pacer Trendpilot US Bond ETF (PTBD) has a higher volatility of 1.25% compared to Invesco BulletShares 2027 High Yield Corporate Bond ETF (BSJR) at 0.57%. This indicates that PTBD's price experiences larger fluctuations and is considered to be riskier than BSJR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTBD | BSJR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 0.57% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 1.45% | +1.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 2.12% | +1.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 6.73% | +0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 9.37% | -1.56% |
PTBD vs. BSJR - Expense Ratio Comparison
PTBD has a 0.60% expense ratio, which is higher than BSJR's 0.42% expense ratio.
Dividends
PTBD vs. BSJR - Dividend Comparison
PTBD's dividend yield for the trailing twelve months is around 5.88%, more than BSJR's 5.75% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
BSJR Invesco BulletShares 2027 High Yield Corporate Bond ETF | 5.75% | 6.19% | 6.75% | 6.48% | 5.37% | 4.49% | 4.53% | 1.20% |
PTBD Pacer Trendpilot US Bond ETF | 5.88% | 5.62% | 6.56% | 6.55% | 6.14% | 2.70% | 2.50% | 0.62% |
Frequently Asked Questions
PTBD and BSJR have a correlation of 0.66, 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 BSJR (0.57%). In terms of maximum drawdown, PTBD dropped -26.00% vs BSJR's -22.58%.
On 5-year performance, BSJR leads with 3.37% vs -1.58% for PTBD. On fees, BSJR is cheaper at 0.42% per year. On volatility, BSJR has been the lower-risk option at 0.57%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, BSJR has performed better with a 3.37% return vs -1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
BSJR is cheaper with a 0.42% expense ratio, compared with 0.60% for PTBD.
PTBD has the higher dividend yield at 5.88%, compared with 5.75% for BSJR.
PTBD tracks Pacer Trendpilot US Bond Index, while BSJR tracks NASDAQ BulletShares USD High Yield Corporate Bond 2027 Index. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for PTBD and 0.42% for BSJR.
BSJR currently has the higher Sharpe Ratio (2.27 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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