PTEU vs. NORW
Compare and contrast key facts about Pacer Trendpilot European Index ETF (PTEU) and Global X MSCI Norway ETF (NORW).
PTEU and NORW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTEU is a passively managed fund by Pacer that tracks the performance of the Pacer Trendpilot European Index. It was launched on Dec 15, 2015. NORW is a passively managed fund by Global X that tracks the performance of the MSCI Norway IMI 25/50 Index. It was launched on Nov 9, 2010. Both PTEU and NORW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
PTEU vs. NORW - Performance Comparison
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PTEU vs. NORW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTEU Pacer Trendpilot European Index ETF | -3.01% | 30.80% | -0.50% | 12.45% | -7.46% | 13.43% | -19.41% | 13.50% | -16.87% | 28.91% |
NORW Global X MSCI Norway ETF | 27.18% | 32.59% | -2.50% | 5.03% | -12.55% | 13.65% | 26.00% | 14.39% | -10.39% | 24.03% |
Returns By Period
In the year-to-date period, PTEU achieves a -3.01% return, which is significantly lower than NORW's 27.18% return. Over the past 10 years, PTEU has underperformed NORW with an annualized return of 3.42%, while NORW has yielded a comparatively higher 9.91% annualized return.
PTEU
- 1D
- 2.73%
- 1M
- -9.51%
- YTD
- -3.01%
- 6M
- 1.56%
- 1Y
- 11.46%
- 3Y*
- 7.62%
- 5Y*
- 7.01%
- 10Y*
- 3.42%
NORW
- 1D
- 2.44%
- 1M
- 6.82%
- YTD
- 27.18%
- 6M
- 28.29%
- 1Y
- 46.00%
- 3Y*
- 22.15%
- 5Y*
- 10.33%
- 10Y*
- 9.91%
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PTEU vs. NORW - Expense Ratio Comparison
PTEU has a 0.65% expense ratio, which is higher than NORW's 0.50% expense ratio.
Return for Risk
PTEU vs. NORW — Risk / Return Rank
PTEU
NORW
PTEU vs. NORW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot European Index ETF (PTEU) and Global X MSCI Norway ETF (NORW). 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.
| PTEU | NORW | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.62 | 2.07 | -1.46 |
Sortino ratioReturn per unit of downside risk | 0.98 | 2.73 | -1.75 |
Omega ratioGain probability vs. loss probability | 1.13 | 1.41 | -0.28 |
Calmar ratioReturn relative to maximum drawdown | 0.82 | 2.97 | -2.15 |
Martin ratioReturn relative to average drawdown | 2.95 | 12.16 | -9.21 |
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
| PTEU | NORW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.07 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.47 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.24 | 0.48 | -0.24 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.24 | 0.41 | -0.17 |
Correlation
The correlation between PTEU and NORW is 0.52, 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.
Dividends
PTEU vs. NORW - Dividend Comparison
PTEU's dividend yield for the trailing twelve months is around 1.98%, less than NORW's 2.71% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTEU Pacer Trendpilot European Index ETF | 1.98% | 1.92% | 3.49% | 2.74% | 0.69% | 1.55% | 0.00% | 3.43% | 1.86% | 0.60% | 0.00% | 0.00% |
NORW Global X MSCI Norway ETF | 2.71% | 3.44% | 6.02% | 5.27% | 4.01% | 1.51% | 1.13% | 2.47% | 3.53% | 3.64% | 3.79% | 2.95% |
Drawdowns
PTEU vs. NORW - Drawdown Comparison
The maximum PTEU drawdown since its inception was -35.45%, roughly equal to the maximum NORW drawdown of -35.62%. Use the drawdown chart below to compare losses from any high point for PTEU and NORW.
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Drawdown Indicators
| PTEU | NORW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -35.62% | +0.17% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -15.77% | +2.95% |
Max Drawdown (5Y)Largest decline over 5 years | -15.04% | -32.78% | +17.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | -33.86% | -1.59% |
Current DrawdownCurrent decline from peak | -10.27% | 0.00% | -10.27% |
Average DrawdownAverage peak-to-trough decline | -14.69% | -10.22% | -4.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 3.85% | -0.29% |
Volatility
PTEU vs. NORW - Volatility Comparison
Pacer Trendpilot European Index ETF (PTEU) has a higher volatility of 8.31% compared to Global X MSCI Norway ETF (NORW) at 7.20%. This indicates that PTEU's price experiences larger fluctuations and is considered to be riskier than NORW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTEU | NORW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.31% | 7.20% | +1.11% |
Volatility (6M)Calculated over the trailing 6-month period | 11.91% | 13.06% | -1.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 22.29% | -3.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.01% | 21.93% | -6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.30% | 20.79% | -6.49% |