PTNQ vs. USPX
PTNQ (Pacer Trendpilot 100 ETF) and USPX (Franklin U.S. Equity Index ETF) are both Large Cap Blend Equities funds - PTNQ tracks the Pacer NASDAQ-100 Trendpilot Index while USPX tracks the Morningstar US Target Market Exposure Index. Both are passively managed. Over the past 10 years, PTNQ returned 15.26%/yr vs 12.22%/yr for USPX. A 0.73 correlation means they provide meaningful diversification when combined. PTNQ charges 0.65%/yr vs 0.03%/yr for USPX.
Performance
PTNQ vs. USPX - Performance Comparison
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Returns By Period
In the year-to-date period, PTNQ achieves a 6.77% return, which is significantly lower than USPX's 9.23% return. Over the past 10 years, PTNQ has outperformed USPX with an annualized return of 15.26%, while USPX has yielded a comparatively lower 12.22% annualized return.
PTNQ
- 1D
- -1.32%
- 1M
- -3.58%
- 6M
- 5.55%
- YTD
- 6.77%
- 1Y
- 16.78%
- 3Y*
- 11.27%
- 5Y*
- 9.62%
- 10Y*
- 15.26%
USPX
- 1D
- -0.95%
- 1M
- 0.51%
- 6M
- 7.72%
- YTD
- 9.23%
- 1Y
- 19.10%
- 3Y*
- 19.29%
- 5Y*
- 11.96%
- 10Y*
- 12.22%
PTNQ vs. USPX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTNQ Pacer Trendpilot 100 ETF | 6.77% | 7.18% | 15.47% | 34.65% | -16.00% | 13.16% | 29.38% | 24.00% | 8.51% | 32.70% |
USPX Franklin U.S. Equity Index ETF | 9.23% | 17.78% | 24.97% | 27.07% | -18.88% | 19.53% | 9.72% | 26.60% | -7.78% | 23.80% |
Correlation
The correlation between PTNQ and USPX is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 3, 2016 | 0.73 |
The correlation between PTNQ and USPX shifts across timeframes, from 0.73 (all time) to 0.91 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PTNQ vs. USPX — Risk / Return Rank
PTNQ
USPX
PTNQ vs. USPX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot 100 ETF (PTNQ) and Franklin U.S. Equity Index ETF (USPX). 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 | USPX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.76 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.27 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.43 | 2.10 | -0.66 |
| Martin ratioReturn relative to average drawdown | 4.54 | 8.97 | -4.43 |
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Drawdowns
PTNQ vs. USPX - Drawdown Comparison
The maximum PTNQ drawdown since its inception was -28.07%, smaller than the maximum USPX drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for PTNQ and USPX.
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Drawdown Indicators
| PTNQ | USPX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.07% | -31.21% | +3.14% |
Max Drawdown (1Y)Largest decline over 1 year | -11.76% | -9.15% | -2.61% |
Max Drawdown (3Y)Largest decline over 3 years | -14.19% | -19.21% | +5.02% |
Max Drawdown (5Y)Largest decline over 5 years | -18.47% | -24.60% | +6.13% |
Max Drawdown (10Y)Largest decline over 10 years | -28.07% | -31.21% | +3.14% |
Current DrawdownCurrent decline from peak | -6.61% | -2.02% | -4.59% |
Average DrawdownAverage peak-to-trough decline | -5.67% | -4.41% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.14% | +1.57% |
Volatility
PTNQ vs. USPX - Volatility Comparison
Pacer Trendpilot 100 ETF (PTNQ) has a higher volatility of 7.00% compared to Franklin U.S. Equity Index ETF (USPX) at 3.35%. This indicates that PTNQ's price experiences larger fluctuations and is considered to be riskier than USPX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTNQ | USPX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.00% | 3.35% | +3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 14.56% | 10.19% | +4.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.00% | 12.78% | +5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 16.28% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.54% | 15.95% | +0.59% |
PTNQ vs. USPX - Expense Ratio Comparison
PTNQ has a 0.65% expense ratio, which is higher than USPX's 0.03% expense ratio.
Dividends
PTNQ vs. USPX - Dividend Comparison
PTNQ's dividend yield for the trailing twelve months is around 0.83%, less than USPX's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTNQ Pacer Trendpilot 100 ETF | 0.83% | 0.88% | 1.96% | 1.47% | 0.62% | 0.00% | 0.16% | 0.44% | 0.45% | 0.32% | 0.30% | 0.22% |
USPX Franklin U.S. Equity Index ETF | 1.10% | 1.07% | 1.23% | 1.35% | 2.21% | 2.40% | 2.51% | 3.07% | 2.91% | 2.60% | 4.89% | 0.00% |
Frequently Asked Questions
With a correlation of 0.91, PTNQ and USPX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
PTNQ has higher volatility (7.00%) compared to USPX (3.35%). In terms of maximum drawdown, PTNQ dropped -28.07% vs USPX's -31.21%.
On 10-year performance, PTNQ leads with 15.26% vs 12.22% for USPX. On fees, USPX is cheaper at 0.03% per year. On volatility, USPX has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PTNQ has performed better with a 15.26% return vs 12.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
USPX is cheaper with a 0.03% expense ratio, compared with 0.65% for PTNQ.
USPX has the higher dividend yield at 1.10%, compared with 0.83% for PTNQ.
PTNQ tracks Pacer NASDAQ-100 Trendpilot Index, while USPX tracks Morningstar US Target Market Exposure Index. They also come from different issuers: Pacer and Franklin Templeton. Their fees differ too: 0.65% for PTNQ and 0.03% for USPX.
USPX currently has the higher Sharpe Ratio (1.50 vs 0.94), 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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