PTNQ vs. MTUM
PTNQ (Pacer Trendpilot 100 ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - PTNQ is a Large Cap Blend Equities fund tracking the Pacer NASDAQ-100 Trendpilot Index, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. Both are passively managed. Over the past 10 years, PTNQ returned 16.65%/yr vs 17.88%/yr for MTUM. A 0.76 correlation means they provide meaningful diversification when combined. PTNQ charges 0.65%/yr vs 0.15%/yr for MTUM.
Performance
PTNQ vs. MTUM - Performance Comparison
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Returns By Period
In the year-to-date period, PTNQ achieves a 9.80% return, which is significantly lower than MTUM's 35.82% return. Over the past 10 years, PTNQ has underperformed MTUM with an annualized return of 16.65%, while MTUM has yielded a comparatively higher 17.88% annualized return.
PTNQ
- 1D
- 0.78%
- 1M
- -2.03%
- YTD
- 9.80%
- 6M
- 8.02%
- 1Y
- 24.68%
- 3Y*
- 13.75%
- 5Y*
- 10.52%
- 10Y*
- 16.65%
MTUM
- 1D
- 3.32%
- 1M
- 8.16%
- YTD
- 35.82%
- 6M
- 33.08%
- 1Y
- 45.28%
- 3Y*
- 35.42%
- 5Y*
- 15.79%
- 10Y*
- 17.88%
PTNQ vs. MTUM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTNQ Pacer Trendpilot 100 ETF | 9.80% | 7.18% | 15.47% | 34.65% | -16.00% | 13.16% | 29.38% | 24.00% | 8.51% | 32.70% |
MTUM iShares MSCI USA Momentum Factor ETF | 35.82% | 22.15% | 32.89% | 9.15% | -18.27% | 13.36% | 29.86% | 27.25% | -1.67% | 37.50% |
Correlation
The correlation between PTNQ and MTUM is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2015 | 0.76 |
The correlation between PTNQ and MTUM shifts across timeframes, from 0.74 (5 years) to 0.84 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PTNQ vs. MTUM — Risk / Return Rank
PTNQ
MTUM
PTNQ vs. MTUM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot 100 ETF (PTNQ) and iShares MSCI USA Momentum Factor ETF (MTUM). 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.
| PTNQ | MTUM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.63 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.37 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.11 | 3.94 | -1.83 |
| Martin ratioReturn relative to average drawdown | 6.92 | 14.99 | -8.07 |
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Drawdowns
PTNQ vs. MTUM - Drawdown Comparison
The maximum PTNQ drawdown since its inception was -28.07%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PTNQ and MTUM.
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Drawdown Indicators
| PTNQ | MTUM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -34.08% | +6.01% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -11.54% | -0.22% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -20.99% | +6.80% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -32.28% | +13.81% |
Max Drawdown (10Y)Largest decline over 10 years | -28.07% | -34.08% | +6.01% |
Current DrawdownCurrent decline from peak | -3.96% | -1.71% | -2.25% |
Average DrawdownAverage peak-to-trough decline | -5.68% | -6.19% | +0.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.57% | 3.03% | +0.54% |
Volatility
PTNQ vs. MTUM - Volatility Comparison
The current volatility for Pacer Trendpilot 100 ETF (PTNQ) is 8.54%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.20%. This indicates that PTNQ experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTNQ | MTUM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.54% | 12.20% | -3.66% |
Volatility (6M)Calculated over the trailing 6-month period | 13.68% | 19.59% | -5.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.31% | 22.09% | -4.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.40% | 21.20% | -7.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.51% | 21.33% | -4.82% |
PTNQ vs. MTUM - Expense Ratio Comparison
PTNQ has a 0.65% expense ratio, which is higher than MTUM's 0.15% expense ratio.
Dividends
PTNQ vs. MTUM - Dividend Comparison
PTNQ's dividend yield for the trailing twelve months is around 0.80%, more than MTUM's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MTUM iShares MSCI USA Momentum Factor ETF | 0.55% | 0.91% | 0.75% | 1.35% | 1.80% | 0.55% | 0.83% | 1.48% | 1.27% | 1.02% | 1.43% | 1.12% |
PTNQ Pacer Trendpilot 100 ETF | 0.80% | 0.88% | 1.96% | 1.47% | 0.62% | 0.00% | 0.16% | 0.44% | 0.45% | 0.32% | 0.30% | 0.22% |
Frequently Asked Questions
PTNQ and MTUM have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MTUM has higher volatility (12.20%) compared to PTNQ (8.54%). In terms of maximum drawdown, PTNQ dropped -28.07% vs MTUM's -34.08%.
On 10-year performance, MTUM leads with 17.88% vs 16.65% for PTNQ. On fees, MTUM is cheaper at 0.15% per year. On volatility, PTNQ has been the lower-risk option at 8.54%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, MTUM has performed better with a 17.88% return vs 16.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
MTUM is cheaper with a 0.15% expense ratio, compared with 0.65% for PTNQ.
PTNQ has the higher dividend yield at 0.80%, compared with 0.55% for MTUM.
PTNQ is categorized as Large Cap Blend Equities, while MTUM is Momentum. PTNQ tracks Pacer NASDAQ-100 Trendpilot Index, while MTUM tracks MSCI USA Momentum SR Variant Index. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.65% for PTNQ and 0.15% for MTUM.
MTUM currently has the higher Sharpe Ratio (2.06 vs 1.43), 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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