TRND vs. SSPY

Last updated Jun 5, 2026

TRND (Pacer Trendpilot Fund of Funds ETF) and SSPY (Stratified LargeCap Index ETF) are both Large Cap Blend Equities funds - TRND tracks the Pacer Trendpilot Fund of Funds Index while SSPY tracks the Syntax Stratified LargeCap Index. Both are passively managed. Over the past year, TRND returned 21.50% vs 21.83% for SSPY. A 0.76 correlation means they provide meaningful diversification when combined. TRND charges 0.77%/yr vs 0.45%/yr for SSPY.

Performance

TRND vs. SSPY - Performance Comparison

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

Returns By Period

The year-to-date returns for both investments are quite close, with TRND having a 10.26% return and SSPY slightly higher at 10.75%.

TRND

• 1D: 0.09%
• 1M: 4.42%
• YTD: 10.26%
• 6M: 10.38%
• 1Y: 21.50%
• 3Y*: 11.99%
• 5Y*: 6.27%
• 10Y*: —

SSPY

• 1D: 0.55%
• 1M: 3.17%
• YTD: 10.75%
• 6M: 11.14%
• 1Y: 21.83%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

TRND vs. SSPY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
TRND Pacer Trendpilot Fund of Funds ETF	10.26%	6.03%	-1.04%
SSPY Stratified LargeCap Index ETF	10.75%	12.88%	-0.90%

Correlation

The correlation between TRND and SSPY is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Oct 1, 2024	0.76

The correlation between TRND and SSPY has been stable across timeframes, ranging from 0.76 to 0.78 - a consistent structural relationship.

TRND vs. SSPY - Sectors Allocation Comparison

Sectors	TRND	SSPY
Technology	30.6%	17.8%
Industrials	13.4%	10.5%
Financial Services	13.2%	10.4%
Consumer Cyclical	10.0%	13.0%
Communication Services	7.7%	6.2%
Healthcare	7.4%	11.8%
Consumer Defensive	5.5%	12.1%
Energy	3.8%	6.4%
Basic Materials	3.4%	2.6%
Real Estate	2.7%	3.4%
Utilities	2.3%	5.9%

Return for Risk

TRND vs. SSPY — Risk / Return Rank

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

TRND

TRND Risk / Return Rank: 58
TRND Sharpe Ratio Rank: 58
TRND Sortino Ratio Rank: 59
TRND Omega Ratio Rank: 57
TRND Calmar Ratio Rank: 55
TRND Martin Ratio Rank: 63

SSPY

SSPY Risk / Return Rank: 63
SSPY Sharpe Ratio Rank: 63
SSPY Sortino Ratio Rank: 68
SSPY Omega Ratio Rank: 62
SSPY Calmar Ratio Rank: 61
SSPY Martin Ratio Rank: 64

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. SSPY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot Fund of Funds ETF (TRND) and Stratified LargeCap Index ETF (SSPY). 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	SSPY	Difference
Sharpe ratio: Return per unit of total volatility	1.92	2.07	-0.15
Sortino ratio: Return per unit of downside risk	2.73	3.04	-0.30
Omega ratio: Gain probability vs. loss probability	1.35	1.37	-0.02
Calmar ratio: Return relative to maximum drawdown	2.70	3.00	-0.30
Martin ratio: Return relative to average drawdown	11.32	11.52	-0.20
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TRND vs. SSPY - Sharpe Ratio Comparison

The current TRND Sharpe Ratio is 1.92, which is comparable to the SSPY Sharpe Ratio of 2.07. The chart below compares the historical Sharpe Ratios of TRND and SSPY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	TRND	SSPY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.92	2.07	-0.15
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.65	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.65	0.94	-0.29

Drawdowns

TRND vs. SSPY - Drawdown Comparison

The maximum TRND drawdown since its inception was -17.88%, which is greater than SSPY's maximum drawdown of -16.16%. Use the drawdown chart below to compare losses from any high point for TRND and SSPY.

Drawdown Indicators

	TRND	SSPY	Difference
Max Drawdown Largest peak-to-trough decline	-17.88%	-16.16%	-1.72%
Max Drawdown (1Y) Largest decline over 1 year	-8.00%	-7.32%	-0.68%
Max Drawdown (3Y) Largest decline over 3 years	-9.56%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-16.21%	—	—
Current Drawdown Current decline from peak	-0.29%	0.00%	-0.29%
Average Drawdown Average peak-to-trough decline	-5.22%	-2.31%	-2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.90%	1.90%	0.00%

Volatility

TRND vs. SSPY - Volatility Comparison

Pacer Trendpilot Fund of Funds ETF (TRND) has a higher volatility of 3.48% compared to Stratified LargeCap Index ETF (SSPY) at 2.41%. This indicates that TRND's price experiences larger fluctuations and is considered to be riskier than SSPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	TRND	SSPY	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.48%	2.41%	+1.07%
Volatility (6M) Calculated over the trailing 6-month period	8.97%	7.63%	+1.34%
Volatility (1Y) Calculated over the trailing 1-year period	11.23%	10.61%	+0.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.71%	14.54%	-4.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	11.18%	14.54%	-3.36%

TRND vs. SSPY - Expense Ratio Comparison

TRND has a 0.77% expense ratio, which is higher than SSPY's 0.45% expense ratio.

Dividends

TRND vs. SSPY - Dividend Comparison

TRND's dividend yield for the trailing twelve months is around 2.10%, more than SSPY's 1.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
SSPY Stratified LargeCap Index ETF	1.25%	1.38%	0.35%	0.00%	0.00%	0.00%	0.00%	0.00%
TRND Pacer Trendpilot Fund of Funds ETF	2.10%	2.32%	2.31%	2.51%	1.76%	0.93%	0.60%	0.93%

Frequently Asked Questions

Can I hold both TRND and SSPY in my portfolio?

TRND and SSPY have a correlation of 0.78, 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 SSPY?

TRND has higher volatility (3.48%) compared to SSPY (2.41%). In terms of maximum drawdown, TRND dropped -17.88% vs SSPY's -16.16%.

Which ETF is better, TRND or SSPY?

On 1-year performance, SSPY leads with 21.83% vs 21.50% for TRND. On fees, SSPY is cheaper at 0.45% per year. On volatility, SSPY has been the lower-risk option at 2.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TRND or SSPY?

Over the 1-year period, SSPY has performed better with a 21.83% return vs 21.50%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TRND or SSPY?

SSPY is cheaper with a 0.45% expense ratio, compared with 0.77% for TRND.

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

TRND has the higher dividend yield at 2.10%, compared with 1.25% for SSPY.

What is the main difference between TRND and SSPY?

TRND tracks Pacer Trendpilot Fund of Funds Index, while SSPY tracks Syntax Stratified LargeCap Index. They also come from different issuers: Pacer and Exchange Traded Concepts. Their fees differ too: 0.77% for TRND and 0.45% for SSPY.

Which has better risk-adjusted returns?

SSPY currently has the higher Sharpe Ratio (2.07 vs 1.92), 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.