PTBD vs. FFUT

Last updated Aug 5, 2026

PTBD (Pacer Trendpilot US Bond ETF) and FFUT (Fidelity Managed Futures ETF) are both exchange-traded funds - PTBD is a High Yield Bonds fund tracking the Pacer Trendpilot US Bond Index, while FFUT is a Systematic Trend fund actively managed by Fidelity. PTBD is passively managed, while FFUT is actively managed. Over the past year, PTBD returned 2.50% vs 21.08% for FFUT. Their -0.24 correlation means they have often moved in opposite directions in the past. PTBD charges 0.60%/yr vs 0.80%/yr for FFUT.

Performance

PTBD vs. FFUT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot US Bond ETF (PTBD) and Fidelity Managed Futures ETF (FFUT). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PTBD achieves a 1.72% return, which is significantly lower than FFUT's 11.35% return.

PTBD

• 1D: 0.53%
• 1M: 0.15%
• 6M: 1.17%
• YTD: 1.72%
• 1Y: 2.50%
• 3Y*: 4.91%
• 5Y*: -1.64%
• 10Y*: —
• ALL TIME*: 0.90%

FFUT

• 1D: -1.03%
• 1M: 3.39%
• 6M: 8.23%
• YTD: 11.35%
• 1Y: 21.08%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.72%

*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)
FFUT Fidelity Managed Futures ETF	$3.34M	$3.91M	$2.05M
PTBD Pacer Trendpilot US Bond ETF	$204.54K	$249.92K	$355.58K

PTBD vs. FFUT - Yearly Performance Comparison

	2026 (YTD)	2025
PTBD Pacer Trendpilot US Bond ETF	1.72%	2.54%
FFUT Fidelity Managed Futures ETF	11.35%	8.58%

Correlation

The correlation between PTBD and FFUT is -0.25, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.25
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	-0.24

Return for Risk

PTBD vs. FFUT — Risk / Return Rank

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

PTBD

PTBD Risk / Return Rank: 25
PTBD Sharpe Ratio Rank: 25
PTBD Sortino Ratio Rank: 24
PTBD Omega Ratio Rank: 24
PTBD Calmar Ratio Rank: 24
PTBD Martin Ratio Rank: 30

FFUT

FFUT Risk / Return Rank: 77
FFUT Sharpe Ratio Rank: 70
FFUT Sortino Ratio Rank: 69
FFUT Omega Ratio Rank: 73
FFUT Calmar Ratio Rank: 87
FFUT Martin Ratio Rank: 83

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.

PTBD vs. FFUT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and Fidelity Managed Futures ETF (FFUT). 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	FFUT	Difference
Sharpe ratio: Return per unit of total volatility	0.66	1.81	-1.15
Sortino ratio: Return per unit of downside risk	0.97	2.56	-1.59
Omega ratio: Gain probability vs. loss probability	1.12	1.34	-0.22
Calmar ratio: Return relative to maximum drawdown	0.80	3.79	-2.99
Martin ratio: Return relative to average drawdown	2.99	12.78	-9.79

PTBD vs. FFUT - Sharpe Ratio Comparison

The current PTBD Sharpe Ratio is 0.66, which is lower than the FFUT Sharpe Ratio of 1.81. The chart below compares the historical Sharpe Ratios of PTBD and FFUT, 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

PTBD vs. FFUT - Drawdown Comparison

The maximum PTBD drawdown since its inception was -26.00%, which is greater than FFUT's maximum drawdown of -5.59%. Use the drawdown chart below to compare losses from any high point for PTBD and FFUT.

Drawdown Indicators

	PTBD	FFUT	Difference
Max Drawdown Largest peak-to-trough decline	-26.00%	-5.59%	-20.41%
Max Drawdown (1Y) Largest decline over 1 year	-3.12%	-5.59%	+2.47%
Max Drawdown (3Y) Largest decline over 3 years	-3.82%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-25.68%	—	—
Current Drawdown Current decline from peak	-8.21%	-3.37%	-4.84%
Average Drawdown Average peak-to-trough decline	-10.13%	-1.13%	-9.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.84%	1.65%	-0.81%

Volatility

PTBD vs. FFUT - Volatility Comparison

The current volatility for Pacer Trendpilot US Bond ETF (PTBD) is 0.94%, while Fidelity Managed Futures ETF (FFUT) has a volatility of 3.91%. This indicates that PTBD experiences smaller price fluctuations and is considered to be less risky than FFUT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTBD	FFUT	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.94%	3.91%	-2.97%
Volatility (6M) Calculated over the trailing 6-month period	3.02%	9.31%	-6.29%
Volatility (1Y) Calculated over the trailing 1-year period	3.83%	11.69%	-7.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.26%	11.14%	-3.88%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.73%	11.14%	-3.41%

PTBD vs. FFUT - Expense Ratio Comparison

PTBD has a 0.60% expense ratio, which is lower than FFUT's 0.80% expense ratio.

Dividends

PTBD vs. FFUT - Dividend Comparison

PTBD's dividend yield for the trailing twelve months is around 5.88%, more than FFUT's 1.88% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
FFUT Fidelity Managed Futures ETF	1.88%	2.09%	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

Can I hold both PTBD and FFUT in my portfolio?

PTBD and FFUT have a correlation of -0.25, 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 FFUT?

FFUT has higher volatility (3.91%) compared to PTBD (0.94%). In terms of maximum drawdown, PTBD dropped -26.00% vs FFUT's -5.59%.

Which ETF is better, PTBD or FFUT?

On 1-year performance, FFUT leads with 21.08% vs 2.50% for PTBD. On fees, PTBD is cheaper at 0.60% per year. On volatility, PTBD has been the lower-risk option at 0.94%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PTBD or FFUT?

Over the 1-year period, FFUT has performed better with a 21.08% return vs 2.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PTBD or FFUT?

PTBD is cheaper with a 0.60% expense ratio, compared with 0.80% for FFUT.

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

PTBD has the higher dividend yield at 5.88%, compared with 1.88% for FFUT.

What is the main difference between PTBD and FFUT?

PTBD is categorized as High Yield Bonds, while FFUT is Systematic Trend. They also come from different issuers: Pacer and Fidelity. Their fees differ too: 0.60% for PTBD and 0.80% for FFUT.

Which has better risk-adjusted returns?

FFUT currently has the higher Sharpe Ratio (1.81 vs 0.66), 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.