PTBD vs. ESHY

Last updated Jun 4, 2026

PTBD (Pacer Trendpilot US Bond ETF) and ESHY (Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF) are both High Yield Bonds funds - PTBD tracks the Pacer Trendpilot US Bond Index while ESHY tracks the JPMorgan ESG DM Corporate High Yield USD Index. Both are passively managed. PTBD charges 0.60%/yr vs 0.20%/yr for ESHY.

Performance

PTBD vs. ESHY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot US Bond ETF (PTBD) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PTBD

• 1D: -0.18%
• 1M: 0.49%
• YTD: 0.78%
• 6M: 0.48%
• 1Y: 3.56%
• 3Y*: 4.95%
• 5Y*: -1.58%
• 10Y*: —

ESHY

• 1D: 0.00%
• 1M: 0.00%
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PTBD vs. ESHY - Yearly Performance Comparison

	2026 (YTD)
PTBD Pacer Trendpilot US Bond ETF	0.11%
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%

Return for Risk

PTBD vs. ESHY — Risk / Return Rank

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

PTBD

PTBD Risk / Return Rank: 27
PTBD Sharpe Ratio Rank: 27
PTBD Sortino Ratio Rank: 26
PTBD Omega Ratio Rank: 26
PTBD Calmar Ratio Rank: 25
PTBD Martin Ratio Rank: 30

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. ESHY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF (ESHY). 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	ESHY	Difference
Sharpe ratio: Return per unit of total volatility	0.96	—	—
Sortino ratio: Return per unit of downside risk	1.39	—	—
Omega ratio: Gain probability vs. loss probability	1.18	—	—
Calmar ratio: Return relative to maximum drawdown	1.15	—	—
Martin ratio: Return relative to average drawdown	4.34	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PTBD	ESHY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.96	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.22	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.11	—	—

Drawdowns

PTBD vs. ESHY - Drawdown Comparison

The maximum PTBD drawdown since its inception was -26.00%, which is greater than ESHY's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PTBD and ESHY.

Drawdown Indicators

	PTBD	ESHY	Difference
Max Drawdown Largest peak-to-trough decline	-26.00%	0.00%	-26.00%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-26.00%	—	—
Current Drawdown Current decline from peak	-9.06%	0.00%	-9.06%
Average Drawdown Average peak-to-trough decline	-10.16%	0.00%	-10.16%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.82%	—	—

Volatility

Volatility by Period

	PTBD	ESHY	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.25%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.83%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.72%	0.00%	+3.72%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.25%	0.00%	+7.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.81%	0.00%	+7.81%

PTBD vs. ESHY - Expense Ratio Comparison

PTBD has a 0.60% expense ratio, which is higher than ESHY's 0.20% expense ratio.

Dividends

PTBD vs. ESHY - Dividend Comparison

PTBD's dividend yield for the trailing twelve months is around 5.88%, while ESHY has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
ESHY Xtrackers J.P. Morgan ESG USD High Yield Corporate Bond ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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

Which ETF is better, PTBD or ESHY?

On fees, ESHY is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PTBD or ESHY?

ESHY is cheaper with a 0.20% expense ratio, compared with 0.60% for PTBD.

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

PTBD has the higher dividend yield at 5.88%, compared with 0.00% for ESHY.

What is the main difference between PTBD and ESHY?

PTBD tracks Pacer Trendpilot US Bond Index, while ESHY tracks JPMorgan ESG DM Corporate High Yield USD Index. They also come from different issuers: Pacer and Deutsche Bank. Their fees differ too: 0.60% for PTBD and 0.20% for ESHY.