PTMC vs. PHDG
Compare and contrast key facts about Pacer Trendpilot US Mid Cap ETF (PTMC) and Invesco S&P 500® Downside Hedged ETF (PHDG).
PTMC and PHDG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTMC is a passively managed fund by Pacer Advisors that tracks the performance of the Pacer Trendpilot US Mid Cap Index. It was launched on Jun 11, 2015. PHDG is an actively managed fund by Invesco. It was launched on Dec 6, 2012.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PTMC or PHDG.
Key characteristics
| PTMC | PHDG | |
|---|---|---|
| YTD Return | 17.46% | 12.92% |
| 1Y Return | 28.24% | 18.91% |
| 3Y Return (Ann) | 2.33% | 2.27% |
| 5Y Return (Ann) | 6.06% | 8.35% |
| Sharpe Ratio | 1.80 | 1.82 |
| Sortino Ratio | 2.56 | 2.78 |
| Omega Ratio | 1.32 | 1.36 |
| Calmar Ratio | 1.68 | 1.46 |
| Martin Ratio | 10.24 | 8.48 |
| Ulcer Index | 2.77% | 2.23% |
| Daily Std Dev | 15.78% | 10.37% |
| Max Drawdown | -20.53% | -17.70% |
| Current Drawdown | -2.56% | -2.40% |
Correlation
The correlation between PTMC and PHDG is 0.44, 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
PTMC vs. PHDG - Performance Comparison
In the year-to-date period, PTMC achieves a 17.46% return, which is significantly higher than PHDG's 12.92% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PTMC vs. PHDG - Expense Ratio Comparison
PTMC has a 0.60% expense ratio, which is higher than PHDG's 0.40% expense ratio.
Risk-Adjusted Performance
PTMC vs. PHDG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot US Mid Cap ETF (PTMC) and Invesco S&P 500® Downside Hedged ETF (PHDG). 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
PTMC vs. PHDG - Dividend Comparison
PTMC's dividend yield for the trailing twelve months is around 1.63%, less than PHDG's 2.02% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTMC Pacer Trendpilot US Mid Cap ETF | 1.63% | 1.92% | 0.82% | 0.12% | 0.52% | 1.41% | 0.89% | 0.68% | 0.66% | 0.07% | 0.00% | 0.00% |
PHDG Invesco S&P 500® Downside Hedged ETF | 2.02% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.65% | 5.45% | 1.76% |
Drawdowns
PTMC vs. PHDG - Drawdown Comparison
The maximum PTMC drawdown since its inception was -20.53%, which is greater than PHDG's maximum drawdown of -17.70%. Use the drawdown chart below to compare losses from any high point for PTMC and PHDG. For additional features, visit the drawdowns tool.
Volatility
PTMC vs. PHDG - Volatility Comparison
Pacer Trendpilot US Mid Cap ETF (PTMC) has a higher volatility of 5.37% compared to Invesco S&P 500® Downside Hedged ETF (PHDG) at 3.53%. This indicates that PTMC's price experiences larger fluctuations and is considered to be riskier than PHDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.