PTEU vs. EWN
PTEU (Pacer Trendpilot European Index ETF) and EWN (iShares MSCI Netherlands ETF) are both Europe Equities funds - PTEU tracks the Pacer Trendpilot European Index while EWN tracks the MSCI Netherlands Investable Market Index. Both are passively managed. Over the past 10 years, PTEU returned 5.37%/yr vs 14.24%/yr for EWN. A 0.68 correlation means they provide meaningful diversification when combined. PTEU charges 0.65%/yr vs 0.50%/yr for EWN.
Performance
PTEU vs. EWN - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, PTEU achieves a 6.67% return, which is significantly lower than EWN's 20.24% return. Over the past 10 years, PTEU has underperformed EWN with an annualized return of 5.37%, while EWN has yielded a comparatively higher 14.24% annualized return.
PTEU
- 1D
- -1.95%
- 1M
- 1.07%
- YTD
- 6.67%
- 6M
- 6.75%
- 1Y
- 19.59%
- 3Y*
- 10.88%
- 5Y*
- 7.49%
- 10Y*
- 5.37%
EWN
- 1D
- -3.91%
- 1M
- 2.60%
- YTD
- 20.24%
- 6M
- 20.65%
- 1Y
- 34.25%
- 3Y*
- 21.10%
- 5Y*
- 9.47%
- 10Y*
- 14.24%
PTEU vs. EWN - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTEU Pacer Trendpilot European Index ETF | 6.67% | 30.80% | -0.50% | 12.45% | -7.46% | 13.43% | -19.41% | 13.50% | -16.87% | 28.91% |
EWN iShares MSCI Netherlands ETF | 20.24% | 34.87% | 1.67% | 22.08% | -24.43% | 22.74% | 23.23% | 32.45% | -15.37% | 33.73% |
Correlation
The correlation between PTEU and EWN is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.68 |
The correlation between PTEU and EWN shifts across timeframes, from 0.68 (all time) to 0.83 (3 years), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
PTEU vs. EWN — Risk / Return Rank
PTEU
EWN
PTEU vs. EWN - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot European Index ETF (PTEU) and iShares MSCI Netherlands ETF (EWN). 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.
| PTEU | EWN | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.65 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.29 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.53 | 2.60 | -1.07 |
| Martin ratioReturn relative to average drawdown | 5.31 | 9.83 | -4.52 |
Loading charts...
Drawdowns
PTEU vs. EWN - Drawdown Comparison
The maximum PTEU drawdown since its inception was -35.45%, smaller than the maximum EWN drawdown of -65.22%. Use the drawdown chart below to compare losses from any high point for PTEU and EWN.
Loading charts...
Drawdown Indicators
| PTEU | EWN | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -65.22% | +29.77% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -13.24% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -19.77% | +4.73% |
Max Drawdown (5Y)Largest decline over 5 years | -15.04% | -43.57% | +28.53% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | -43.57% | +8.12% |
Current DrawdownCurrent decline from peak | -2.23% | -4.14% | +1.91% |
Average DrawdownAverage peak-to-trough decline | -14.43% | -16.32% | +1.89% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.70% | 3.49% | +0.21% |
Volatility
PTEU vs. EWN - Volatility Comparison
The current volatility for Pacer Trendpilot European Index ETF (PTEU) is 5.01%, while iShares MSCI Netherlands ETF (EWN) has a volatility of 8.69%. This indicates that PTEU experiences smaller price fluctuations and is considered to be less risky than EWN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| PTEU | EWN | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.01% | 8.69% | -3.68% |
Volatility (6M)Calculated over the trailing 6-month period | 14.55% | 18.07% | -3.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.19% | 21.06% | -3.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.30% | 23.14% | -7.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.54% | 21.23% | -6.69% |
PTEU vs. EWN - Expense Ratio Comparison
PTEU has a 0.65% expense ratio, which is higher than EWN's 0.50% expense ratio.
Dividends
PTEU vs. EWN - Dividend Comparison
PTEU's dividend yield for the trailing twelve months is around 1.80%, less than EWN's 4.18% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EWN iShares MSCI Netherlands ETF | 4.18% | 5.03% | 2.18% | 1.79% | 1.98% | 1.01% | 0.78% | 2.57% | 2.40% | 1.68% | 2.71% | 1.92% |
PTEU Pacer Trendpilot European Index ETF | 1.80% | 1.92% | 3.49% | 2.74% | 0.69% | 1.55% | 0.00% | 3.43% | 1.86% | 0.60% | 0.00% | 0.00% |
Frequently Asked Questions
PTEU and EWN have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EWN has higher volatility (8.69%) compared to PTEU (5.01%). In terms of maximum drawdown, PTEU dropped -35.45% vs EWN's -65.22%.
On 10-year performance, EWN leads with 14.24% vs 5.37% for PTEU. On fees, EWN is cheaper at 0.50% per year. On volatility, PTEU has been the lower-risk option at 5.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, EWN has performed better with a 14.24% return vs 5.37%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EWN is cheaper with a 0.50% expense ratio, compared with 0.65% for PTEU.
EWN has the higher dividend yield at 4.18%, compared with 1.80% for PTEU.
PTEU tracks Pacer Trendpilot European Index, while EWN tracks MSCI Netherlands Investable Market Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.65% for PTEU and 0.50% for EWN.
EWN currently has the higher Sharpe Ratio (1.64 vs 1.15), 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.
Find the right allocation for PTEU and EWN
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer