PTNQ vs. HCMT

Last updated Apr 2, 2026

Compare and contrast key facts about Pacer Trendpilot 100 ETF (PTNQ) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT).

PTNQ and HCMT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTNQ is a passively managed fund by Pacer that tracks the performance of the Pacer NASDAQ-100 Trendpilot Index. It was launched on Jun 11, 2015. HCMT is an actively managed fund by Direxion. It was launched on Jun 21, 2023.

Performance

PTNQ vs. HCMT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot 100 ETF (PTNQ) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). The values are adjusted to include any dividend payments, if applicable.

PTNQ vs. HCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PTNQ Pacer Trendpilot 100 ETF	-6.66%	7.18%	15.47%	7.37%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	-8.51%	7.39%	39.14%	5.67%

Returns By Period

In the year-to-date period, PTNQ achieves a -6.66% return, which is significantly higher than HCMT's -8.51% return.

PTNQ

• 1D: 0.62%
• 1M: -5.74%
• YTD: -6.66%
• 6M: -4.97%
• 1Y: 4.12%
• 3Y*: 11.74%
• 5Y*: 7.83%
• 10Y*: 13.36%

HCMT

• 1D: 0.09%
• 1M: -6.67%
• YTD: -8.51%
• 6M: -6.74%
• 1Y: 15.80%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PTNQ vs. HCMT - Expense Ratio Comparison

PTNQ has a 0.65% expense ratio, which is lower than HCMT's 1.17% expense ratio.

HCMT

Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF

PTNQ

Pacer Trendpilot 100 ETF

Return for Risk

PTNQ vs. HCMT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PTNQ

PTNQ Risk / Return Rank: 18
PTNQ Sharpe Ratio Rank: 19
PTNQ Sortino Ratio Rank: 17
PTNQ Omega Ratio Rank: 17
PTNQ Calmar Ratio Rank: 19
PTNQ Martin Ratio Rank: 19

HCMT

HCMT Risk / Return Rank: 29
HCMT Sharpe Ratio Rank: 27
HCMT Sortino Ratio Rank: 28
HCMT Omega Ratio Rank: 28
HCMT Calmar Ratio Rank: 33
HCMT Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PTNQ vs. HCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot 100 ETF (PTNQ) and Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT). 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.

	PTNQ	HCMT	Difference
Sharpe ratio Return per unit of total volatility	0.27	0.53	-0.26
Sortino ratio Return per unit of downside risk	0.45	0.87	-0.41
Omega ratio Gain probability vs. loss probability	1.06	1.12	-0.06
Calmar ratio Return relative to maximum drawdown	0.36	0.89	-0.52
Martin ratio Return relative to average drawdown	1.06	2.46	-1.40
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PTNQ vs. HCMT - Sharpe Ratio Comparison

The current PTNQ Sharpe Ratio is 0.27, which is lower than the HCMT Sharpe Ratio of 0.53. The chart below compares the historical Sharpe Ratios of PTNQ and HCMT, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PTNQ	HCMT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	0.53	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.62	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.82	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.49	+0.20

Correlation

The correlation between PTNQ and HCMT is 0.90, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PTNQ vs. HCMT - Dividend Comparison

PTNQ's dividend yield for the trailing twelve months is around 0.94%, more than HCMT's 0.46% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PTNQ Pacer Trendpilot 100 ETF	0.94%	0.88%	1.96%	1.47%	0.62%	0.00%	0.16%	0.44%	0.45%	0.32%	0.30%	0.22%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	0.46%	0.43%	2.75%	0.63%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PTNQ vs. HCMT - Drawdown Comparison

The maximum PTNQ drawdown since its inception was -28.07%, smaller than the maximum HCMT drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for PTNQ and HCMT.

Drawdown Indicators

	PTNQ	HCMT	Difference
Max Drawdown Largest peak-to-trough decline	-28.07%	-36.26%	+8.19%
Max Drawdown (1Y) Largest decline over 1 year	-11.76%	-19.31%	+7.55%
Max Drawdown (5Y) Largest decline over 5 years	-18.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-28.07%	—	—
Current Drawdown Current decline from peak	-9.74%	-13.43%	+3.69%
Average Drawdown Average peak-to-trough decline	-5.74%	-8.33%	+2.59%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.05%	6.98%	-2.93%

Volatility

PTNQ vs. HCMT - Volatility Comparison

The current volatility for Pacer Trendpilot 100 ETF (PTNQ) is 5.77%, while Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) has a volatility of 7.49%. This indicates that PTNQ experiences smaller price fluctuations and is considered to be less risky than HCMT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PTNQ	HCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.77%	7.49%	-1.72%
Volatility (6M) Calculated over the trailing 6-month period	12.61%	20.06%	-7.45%
Volatility (1Y) Calculated over the trailing 1-year period	15.32%	29.73%	-14.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.71%	29.00%	-16.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.30%	29.00%	-12.70%