TRND vs. HCMT

Last updated Jun 24, 2026

TRND (Pacer Trendpilot Fund of Funds ETF) and HCMT (Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF) are both Large Cap Blend Equities funds. TRND is passively managed, while HCMT is actively managed. Over the past 3 years, TRND returned 11.32%/yr vs 18.91%/yr for HCMT. Their correlation of 0.85 suggests significant overlap in exposure. TRND charges 0.77%/yr vs 1.17%/yr for HCMT.

Performance

TRND vs. HCMT - Performance Comparison

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

Returns By Period

In the year-to-date period, TRND achieves a 8.51% return, which is significantly higher than HCMT's 4.79% return.

TRND

• 1D: -1.73%
• 1M: 0.37%
• YTD: 8.51%
• 6M: 7.65%
• 1Y: 19.47%
• 3Y*: 11.32%
• 5Y*: 5.81%
• 10Y*: —

HCMT

• 1D: -4.45%
• 1M: -0.81%
• YTD: 4.79%
• 6M: 2.44%
• 1Y: 32.49%
• 3Y*: 18.91%
• 5Y*: —
• 10Y*: —

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

TRND vs. HCMT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
TRND Pacer Trendpilot Fund of Funds ETF	8.51%	6.03%	11.97%	5.99%
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	4.79%	7.39%	39.14%	6.45%

Correlation

The correlation between TRND and HCMT is 0.87, 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	0.87
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (All Time) Calculated using the full available price history since Jun 22, 2023	0.85

The correlation between TRND and HCMT has been stable across timeframes, ranging from 0.85 to 0.87 - a consistent structural relationship.

TRND vs. HCMT - Sectors Allocation Comparison

Sectors	TRND	HCMT
Technology	34.1%	39.1%
Industrials	12.8%	7.8%
Financial Services	12.4%	11.1%
Consumer Cyclical	9.8%	9.9%
Communication Services	7.5%	10.6%
Healthcare	7.2%	8.3%
Consumer Defensive	4.9%	4.5%
Energy	3.4%	3.1%
Basic Materials	3.3%	1.7%
Real Estate	2.5%	1.8%
Utilities	2.1%	2.1%

Return for Risk

TRND vs. HCMT — Risk / Return Rank

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

TRND

TRND Risk / Return Rank: 53
TRND Sharpe Ratio Rank: 51
TRND Sortino Ratio Rank: 50
TRND Omega Ratio Rank: 50
TRND Calmar Ratio Rank: 53
TRND Martin Ratio Rank: 61

HCMT

HCMT Risk / Return Rank: 37
HCMT Sharpe Ratio Rank: 37
HCMT Sortino Ratio Rank: 34
HCMT Omega Ratio Rank: 36
HCMT Calmar Ratio Rank: 45
HCMT Martin Ratio Rank: 36

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.

TRND vs. HCMT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot Fund of Funds ETF (TRND) 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.

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.

	TRND	HCMT	Difference
Sharpe ratio: Return per unit of total volatility	1.62	1.24	+0.38
Sortino ratio: Return per unit of downside risk	2.28	1.68	+0.60
Omega ratio: Gain probability vs. loss probability	1.29	1.23	+0.07
Calmar ratio: Return relative to maximum drawdown	2.44	2.14	+0.30
Martin ratio: Return relative to average drawdown	10.01	5.30	+4.71

TRND vs. HCMT - Sharpe Ratio Comparison

The current TRND Sharpe Ratio is 1.62, which is higher than the HCMT Sharpe Ratio of 1.24. The chart below compares the historical Sharpe Ratios of TRND and HCMT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

TRND vs. HCMT - Drawdown Comparison

The maximum TRND drawdown since its inception was -17.88%, smaller than the maximum HCMT drawdown of -36.26%. Use the drawdown chart below to compare losses from any high point for TRND and HCMT.

Drawdown Indicators

	TRND	HCMT	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-36.26%	+18.38%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-15.27%	+7.27%
Max Drawdown (3Y) Largest decline over 3 years	-9.56%	-36.26%	+26.70%
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	—	—
Current Drawdown Current decline from peak	-1.97%	-6.58%	+4.61%
Average Drawdown Average peak-to-trough decline	-5.19%	-8.18%	+2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.95%	6.15%	-4.20%

Volatility

TRND vs. HCMT - Volatility Comparison

The current volatility for Pacer Trendpilot Fund of Funds ETF (TRND) is 5.06%, while Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF (HCMT) has a volatility of 12.47%. This indicates that TRND 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

	TRND	HCMT	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.06%	12.47%	-7.41%
Volatility (6M) Calculated over the trailing 6-month period	9.95%	19.67%	-9.72%
Volatility (1Y) Calculated over the trailing 1-year period	12.10%	26.47%	-14.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.92%	29.01%	-19.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.28%	29.01%	-17.73%

TRND vs. HCMT - Expense Ratio Comparison

TRND has a 0.77% expense ratio, which is lower than HCMT's 1.17% expense ratio.

Dividends

TRND vs. HCMT - Dividend Comparison

TRND's dividend yield for the trailing twelve months is around 2.14%, more than HCMT's 0.40% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
HCMT Direxion HCM Tactical Enhanced U.S. Equity Strategy ETF	0.40%	0.43%	2.75%	0.63%	0.00%	0.00%	0.00%	0.00%
TRND Pacer Trendpilot Fund of Funds ETF	2.14%	2.32%	2.31%	2.51%	1.76%	0.93%	0.60%	0.93%

Frequently Asked Questions

Can I hold both TRND and HCMT in my portfolio?

TRND and HCMT have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, TRND or HCMT?

HCMT has higher volatility (12.47%) compared to TRND (5.06%). In terms of maximum drawdown, TRND dropped -17.88% vs HCMT's -36.26%.

Which ETF is better, TRND or HCMT?

On 3-year performance, HCMT leads with 18.91% vs 11.32% for TRND. On fees, TRND is cheaper at 0.77% per year. On volatility, TRND has been the lower-risk option at 5.06%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRND or HCMT?

Over the 3-year period, HCMT has performed better with a 18.91% return vs 11.32%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRND or HCMT?

TRND is cheaper with a 0.77% expense ratio, compared with 1.17% for HCMT.

Which ETF pays a higher dividend yield, TRND or HCMT?

TRND has the higher dividend yield at 2.14%, compared with 0.40% for HCMT.

What is the main difference between TRND and HCMT?

They also come from different issuers: Pacer and Direxion. Their fees differ too: 0.77% for TRND and 1.17% for HCMT.

Which has better risk-adjusted returns?

TRND currently has the higher Sharpe Ratio (1.62 vs 1.24), 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.