TRND vs. SPXM

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer Trendpilot Fund of Funds ETF (TRND) and Azoria 500 Meritocracy ETF (SPXM).

TRND and SPXM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TRND is a passively managed fund by Pacer that tracks the performance of the Pacer Trendpilot Fund of Funds Index. It was launched on May 3, 2019. SPXM is an actively managed fund by Azoria. It was launched on Jul 7, 2025.

Performance

TRND vs. SPXM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Trendpilot Fund of Funds ETF (TRND) and Azoria 500 Meritocracy ETF (SPXM). The values are adjusted to include any dividend payments, if applicable.

TRND vs. SPXM - Yearly Performance Comparison

	2026 (YTD)	2025
TRND Pacer Trendpilot Fund of Funds ETF	-1.81%	7.86%
SPXM Azoria 500 Meritocracy ETF	0.00%	9.16%

Returns By Period

TRND

• 1D: 1.95%
• 1M: -5.56%
• YTD: -1.81%
• 6M: 0.62%
• 1Y: 5.14%
• 3Y*: 8.90%
• 5Y*: 4.46%
• 10Y*: —

SPXM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 2.20%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRND vs. SPXM - Expense Ratio Comparison

TRND has a 0.77% expense ratio, which is higher than SPXM's 0.47% expense ratio.

TRND

Pacer Trendpilot Fund of Funds ETF

SPXM

Azoria 500 Meritocracy ETF

Return for Risk

TRND vs. SPXM — Risk / Return Rank

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

TRND

TRND Risk / Return Rank: 26
TRND Sharpe Ratio Rank: 27
TRND Sortino Ratio Rank: 25
TRND Omega Ratio Rank: 24
TRND Calmar Ratio Rank: 27
TRND Martin Ratio Rank: 26

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. SPXM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot Fund of Funds ETF (TRND) and Azoria 500 Meritocracy ETF (SPXM). 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.

	TRND	SPXM	Difference
Sharpe ratio Return per unit of total volatility	0.48	—	—
Sortino ratio Return per unit of downside risk	0.71	—	—
Omega ratio Gain probability vs. loss probability	1.09	—	—
Calmar ratio Return relative to maximum drawdown	0.63	—	—
Martin ratio Return relative to average drawdown	2.03	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	TRND	SPXM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.48	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	1.83	-1.32

Correlation

The correlation between TRND and SPXM is 0.64, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

TRND vs. SPXM - Dividend Comparison

TRND's dividend yield for the trailing twelve months is around 2.36%, more than SPXM's 0.24% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019
TRND Pacer Trendpilot Fund of Funds ETF	2.36%	2.32%	2.31%	2.51%	1.76%	0.93%	0.60%	0.93%
SPXM Azoria 500 Meritocracy ETF	0.24%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

TRND vs. SPXM - Drawdown Comparison

The maximum TRND drawdown since its inception was -17.88%, which is greater than SPXM's maximum drawdown of -5.08%. Use the drawdown chart below to compare losses from any high point for TRND and SPXM.

Drawdown Indicators

	TRND	SPXM	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-5.08%	-12.80%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	—	—
Current Drawdown Current decline from peak	-6.21%	-0.75%	-5.46%
Average Drawdown Average peak-to-trough decline	-5.32%	-0.80%	-4.52%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.48%	—	—

Volatility

Volatility by Period

	TRND	SPXM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.21%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.73%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	10.80%	9.38%	+1.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.53%	9.38%	+0.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.13%	9.38%	+1.75%