PTBD vs. TLT
Compare and contrast key facts about Pacer Trendpilot US Bond ETF (PTBD) and iShares 20+ Year Treasury Bond ETF (TLT).
PTBD and TLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTBD is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Trendpilot US Bond Index. It was launched on Oct 22, 2019. TLT is a passively managed fund by iShares that tracks the performance of the Barclays Capital U.S. 20+ Year Treasury Bond Index. It was launched on Jul 26, 2002. Both PTBD and TLT are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTBD or TLT.
Key characteristics
| PTBD | TLT | |
|---|---|---|
| YTD Return | 4.93% | -3.33% |
| 1Y Return | 11.39% | 9.94% |
| 3Y Return (Ann) | -3.40% | -12.43% |
| 5Y Return (Ann) | 0.56% | -4.96% |
| Sharpe Ratio | 1.96 | 0.49 |
| Sortino Ratio | 2.97 | 0.79 |
| Omega Ratio | 1.36 | 1.09 |
| Calmar Ratio | 0.53 | 0.16 |
| Martin Ratio | 10.13 | 1.23 |
| Ulcer Index | 1.07% | 6.00% |
| Daily Std Dev | 5.54% | 15.09% |
| Max Drawdown | -26.00% | -48.35% |
| Current Drawdown | -11.37% | -39.77% |
Correlation
The correlation between PTBD and TLT is 0.43, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PTBD vs. TLT - Performance Comparison
In the year-to-date period, PTBD achieves a 4.93% return, which is significantly higher than TLT's -3.33% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PTBD vs. TLT - Expense Ratio Comparison
PTBD has a 0.60% expense ratio, which is higher than TLT's 0.15% expense ratio.
Risk-Adjusted Performance
PTBD vs. TLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and iShares 20+ Year Treasury Bond ETF (TLT). 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.
Dividends
PTBD vs. TLT - Dividend Comparison
PTBD's dividend yield for the trailing twelve months is around 6.62%, more than TLT's 3.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTBD Pacer Trendpilot US Bond ETF | 6.62% | 6.56% | 6.15% | 2.70% | 2.50% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
TLT iShares 20+ Year Treasury Bond ETF | 3.98% | 3.38% | 2.67% | 1.50% | 1.50% | 2.27% | 2.63% | 2.43% | 2.60% | 2.61% | 2.67% | 3.26% |
Drawdowns
PTBD vs. TLT - Drawdown Comparison
The maximum PTBD drawdown since its inception was -26.00%, smaller than the maximum TLT drawdown of -48.35%. Use the drawdown chart below to compare losses from any high point for PTBD and TLT. For additional features, visit the drawdowns tool.
Volatility
PTBD vs. TLT - Volatility Comparison
The current volatility for Pacer Trendpilot US Bond ETF (PTBD) is 1.06%, while iShares 20+ Year Treasury Bond ETF (TLT) has a volatility of 5.01%. This indicates that PTBD experiences smaller price fluctuations and is considered to be less risky than TLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.