PTBD vs. YLD
PTBD (Pacer Trendpilot US Bond ETF) and YLD (Principal Active High Yield ETF) are both High Yield Bonds funds. PTBD is passively managed, while YLD is actively managed. Over the past 5 years, PTBD returned -1.58%/yr vs 4.74%/yr for YLD. At a 0.48 correlation, their price movements are largely independent. PTBD charges 0.60%/yr vs 0.39%/yr for YLD.
Performance
PTBD vs. YLD - 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 YLD's 2.83% return.
PTBD
- 1D
- -0.18%
- 1M
- 0.49%
- YTD
- 0.78%
- 6M
- 0.48%
- 1Y
- 3.56%
- 3Y*
- 4.95%
- 5Y*
- -1.58%
- 10Y*
- —
YLD
- 1D
- -0.37%
- 1M
- 0.47%
- YTD
- 2.83%
- 6M
- 3.33%
- 1Y
- 7.36%
- 3Y*
- 8.85%
- 5Y*
- 4.74%
- 10Y*
- 5.80%
PTBD vs. YLD - 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% |
YLD Principal Active High Yield ETF | 2.83% | 6.55% | 9.19% | 12.93% | -8.78% | 9.17% | 1.50% | 3.02% |
Correlation
The correlation between PTBD and YLD is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2019 | 0.48 |
The correlation between PTBD and YLD shifts across timeframes, from 0.48 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PTBD vs. YLD — Risk / Return Rank
PTBD
YLD
PTBD vs. YLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Bond ETF (PTBD) and Principal Active High Yield ETF (YLD). 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 | YLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.32 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.15 | 3.74 | -2.59 |
| Martin ratioReturn relative to average drawdown | 4.34 | 12.96 | -8.62 |
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 | YLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.96 | 1.71 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | 0.75 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.71 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.11 | 0.65 | -0.54 |
Drawdowns
PTBD vs. YLD - Drawdown Comparison
The maximum PTBD drawdown since its inception was -26.00%, smaller than the maximum YLD drawdown of -28.34%. Use the drawdown chart below to compare losses from any high point for PTBD and YLD.
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Drawdown Indicators
| PTBD | YLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.00% | -28.34% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -3.12% | -1.98% | -1.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.82% | -5.62% | +1.80% |
Max Drawdown (5Y)Largest decline over 5 years | -26.00% | -13.89% | -12.11% |
Max Drawdown (10Y)Largest decline over 10 years | — | -28.34% | — |
Current DrawdownCurrent decline from peak | -9.06% | -0.37% | -8.69% |
Average DrawdownAverage peak-to-trough decline | -10.16% | -2.70% | -7.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 0.57% | +0.25% |
Volatility
PTBD vs. YLD - Volatility Comparison
The current volatility for Pacer Trendpilot US Bond ETF (PTBD) is 1.25%, while Principal Active High Yield ETF (YLD) has a volatility of 1.32%. This indicates that PTBD experiences smaller price fluctuations and is considered to be less risky than YLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTBD | YLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.25% | 1.32% | -0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 2.83% | 3.51% | -0.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.72% | 4.34% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.25% | 6.40% | +0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.81% | 8.21% | -0.40% |
PTBD vs. YLD - Expense Ratio Comparison
PTBD has a 0.60% expense ratio, which is higher than YLD's 0.39% expense ratio.
Dividends
PTBD vs. YLD - Dividend Comparison
PTBD's dividend yield for the trailing twelve months is around 5.88%, less than YLD's 7.27% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTBD Pacer Trendpilot US Bond ETF | 5.88% | 5.62% | 6.56% | 6.55% | 6.14% | 2.70% | 2.50% | 0.62% | 0.00% | 0.00% | 0.00% | 0.00% |
YLD Principal Active High Yield ETF | 7.27% | 7.33% | 7.12% | 6.46% | 6.51% | 3.92% | 4.40% | 4.81% | 5.42% | 6.28% | 4.47% | 2.56% |
Frequently Asked Questions
PTBD and YLD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
YLD has higher volatility (1.32%) compared to PTBD (1.25%). In terms of maximum drawdown, PTBD dropped -26.00% vs YLD's -28.34%.
On 5-year performance, YLD leads with 4.74% vs -1.58% for PTBD. On fees, YLD is cheaper at 0.39% 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, YLD has performed better with a 4.74% return vs -1.58%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
YLD is cheaper with a 0.39% expense ratio, compared with 0.60% for PTBD.
YLD has the higher dividend yield at 7.27%, compared with 5.88% for PTBD.
They also come from different issuers: Pacer and Principal. Their fees differ too: 0.60% for PTBD and 0.39% for YLD.
YLD currently has the higher Sharpe Ratio (1.71 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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