TRFK vs. AAIZX
TRFK (Pacer Data and Digital Revolution ETF) and AAIZX (Alger AI Enablers & Adopters Z) are both Technology Equities funds. TRFK is passively managed, while AAIZX is actively managed. Over the past year, TRFK returned 80.29% vs 62.30% for AAIZX. Their correlation of 0.86 suggests significant overlap in exposure. TRFK charges 0.60%/yr vs 0.55%/yr for AAIZX.
Performance
TRFK vs. AAIZX - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, TRFK achieves a 50.10% return, which is significantly higher than AAIZX's 26.25% return.
TRFK
- 1D
- -9.01%
- 1M
- 10.09%
- YTD
- 50.10%
- 6M
- 42.02%
- 1Y
- 80.29%
- 3Y*
- 47.82%
- 5Y*
- —
- 10Y*
- —
AAIZX
- 1D
- -0.09%
- 1M
- 8.52%
- YTD
- 26.25%
- 6M
- 24.67%
- 1Y
- 62.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
TRFK vs. AAIZX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
TRFK Pacer Data and Digital Revolution ETF | 50.10% | 26.81% | 20.59% |
AAIZX Alger AI Enablers & Adopters Z | 26.25% | 41.00% | 33.76% |
Correlation
The correlation between TRFK and AAIZX is 0.81, 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 | 0.81 |
Correlation (All Time) Calculated using the full available price history since Apr 9, 2024 | 0.86 |
The correlation between TRFK and AAIZX has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
TRFK vs. AAIZX — Risk / Return Rank
TRFK
AAIZX
TRFK vs. AAIZX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Data and Digital Revolution ETF (TRFK) and Alger AI Enablers & Adopters Z (AAIZX). 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.
| TRFK | AAIZX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.43 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.13 | 3.55 | +0.57 |
| Martin ratioReturn relative to average drawdown | 9.86 | 10.80 | -0.94 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| TRFK | AAIZX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.75 | 2.78 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.40 | 1.83 | -0.43 |
Drawdowns
TRFK vs. AAIZX - Drawdown Comparison
The maximum TRFK drawdown since its inception was -29.06%, roughly equal to the maximum AAIZX drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for TRFK and AAIZX.
Loading charts...
Drawdown Indicators
| TRFK | AAIZX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.06% | -29.00% | -0.06% |
Max Drawdown (1Y)Largest decline over 1 year | -19.56% | -17.47% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -29.06% | — | — |
Current DrawdownCurrent decline from peak | -11.73% | -1.40% | -10.33% |
Average DrawdownAverage peak-to-trough decline | -6.04% | -4.98% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.17% | 5.73% | +2.44% |
Volatility
TRFK vs. AAIZX - Volatility Comparison
Pacer Data and Digital Revolution ETF (TRFK) has a higher volatility of 14.77% compared to Alger AI Enablers & Adopters Z (AAIZX) at 5.59%. This indicates that TRFK's price experiences larger fluctuations and is considered to be riskier than AAIZX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| TRFK | AAIZX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 14.77% | 5.59% | +9.18% |
Volatility (6M)Calculated over the trailing 6-month period | 24.07% | 16.82% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 29.33% | 22.33% | +7.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 29.29% | 27.41% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.29% | 27.41% | +1.88% |
TRFK vs. AAIZX - Expense Ratio Comparison
TRFK has a 0.60% expense ratio, which is higher than AAIZX's 0.55% expense ratio.
Dividends
TRFK vs. AAIZX - Dividend Comparison
TRFK's dividend yield for the trailing twelve months is around 0.01%, less than AAIZX's 5.00% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
AAIZX Alger AI Enablers & Adopters Z | 5.00% | 6.31% | 4.44% | 0.00% | 0.00% |
TRFK Pacer Data and Digital Revolution ETF | 0.01% | 0.01% | 0.40% | 0.20% | 0.56% |
Frequently Asked Questions
TRFK and AAIZX have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
TRFK has higher volatility (14.77%) compared to AAIZX (5.59%). In terms of maximum drawdown, TRFK dropped -29.06% vs AAIZX's -29.00%.
AAIZX currently has the higher Sharpe Ratio (2.78 vs 2.75), 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.
Find the right allocation for TRFK and AAIZX
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer