PTBD vs. IGEB
PTBD (Pacer Trendpilot US Bond ETF) and IGEB (iShares Investment Grade Bond Factor ETF) are both exchange-traded funds - PTBD is a High Yield Bonds fund tracking the Pacer Trendpilot US Bond Index, while IGEB is a Corporate Bonds fund tracking the BlackRock Investment Grade Enhanced Bond Index. Both are passively managed. Over the past 5 years, PTBD returned -1.59%/yr vs 0.96%/yr for IGEB. A 0.57 correlation means they provide meaningful diversification when combined. PTBD charges 0.60%/yr vs 0.18%/yr for IGEB.
Performance
PTBD vs. IGEB - 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 IGEB's 0.51% return.
PTBD
- 1D
- -0.01%
- 1M
- 0.76%
- YTD
- 1.32%
- 6M
- 1.58%
- 1Y
- 3.66%
- 3Y*
- 5.44%
- 5Y*
- -1.59%
- 10Y*
- —
IGEB
- 1D
- -0.17%
- 1M
- 0.59%
- YTD
- 0.51%
- 6M
- 0.74%
- 1Y
- 5.16%
- 3Y*
- 5.84%
- 5Y*
- 0.96%
- 10Y*
- —
PTBD vs. IGEB - 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% |
IGEB iShares Investment Grade Bond Factor ETF | 0.51% | 8.17% | 3.10% | 9.56% | -14.85% | -1.14% | 11.23% | 1.30% |
Correlation
The correlation between PTBD and IGEB is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.57 |
The correlation between PTBD and IGEB shifts across timeframes, from 0.57 (all time) to 0.72 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PTBD vs. IGEB — Risk / Return Rank
PTBD
IGEB
PTBD vs. IGEB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and iShares Investment Grade Bond Factor ETF (IGEB). 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 | IGEB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.22 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.18 | 1.80 | -0.62 |
| Martin ratioReturn relative to average drawdown | 4.45 | 5.73 | -1.28 |
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Drawdowns
PTBD vs. IGEB - Drawdown Comparison
The maximum PTBD drawdown since its inception was -26.00%, which is greater than IGEB's maximum drawdown of -21.13%. Use the drawdown chart below to compare losses from any high point for PTBD and IGEB.
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Drawdown Indicators
| PTBD | IGEB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -21.13% | -4.87% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -2.88% | -0.24% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -5.95% | +2.13% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | -21.13% | -4.87% |
Current DrawdownCurrent decline from peak | -8.58% | -0.93% | -7.65% |
Average DrawdownAverage peak-to-trough decline | -10.15% | -4.88% | -5.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.90% | -0.08% |
Volatility
PTBD vs. IGEB - Volatility Comparison
Pacer Trendpilot US Bond ETF (PTBD) has a higher volatility of 1.25% compared to iShares Investment Grade Bond Factor ETF (IGEB) at 1.17%. This indicates that PTBD's price experiences larger fluctuations and is considered to be riskier than IGEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTBD | IGEB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.17% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 2.95% | 3.17% | -0.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.84% | 4.15% | -0.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.27% | 6.70% | +0.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.79% | 6.51% | +1.28% |
PTBD vs. IGEB - Expense Ratio Comparison
PTBD has a 0.60% expense ratio, which is higher than IGEB's 0.18% expense ratio.
Dividends
PTBD vs. IGEB - Dividend Comparison
PTBD's dividend yield for the trailing twelve months is around 5.85%, more than IGEB's 5.06% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IGEB iShares Investment Grade Bond Factor ETF | 5.06% | 4.92% | 5.09% | 4.60% | 3.64% | 3.84% | 3.78% | 5.61% | 3.59% | 1.62% |
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% |
Frequently Asked Questions
PTBD and IGEB have a correlation of 0.68, 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 IGEB (1.17%). In terms of maximum drawdown, PTBD dropped -26.00% vs IGEB's -21.13%.
On 5-year performance, IGEB leads with 0.96% vs -1.59% for PTBD. On fees, IGEB is cheaper at 0.18% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, IGEB has performed better with a 0.96% return vs -1.59%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
IGEB is cheaper with a 0.18% expense ratio, compared with 0.60% for PTBD.
PTBD has the higher dividend yield at 5.85%, compared with 5.06% for IGEB.
PTBD is categorized as High Yield Bonds, while IGEB is Corporate Bonds. PTBD tracks Pacer Trendpilot US Bond Index, while IGEB tracks BlackRock Investment Grade Enhanced Bond Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for PTBD and 0.18% for IGEB.
IGEB currently has the higher Sharpe Ratio (1.25 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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