XTR vs. PTLC
XTR (Global X S&P 500 Tail Risk ETF) and PTLC (Pacer Trendpilot US Large Cap ETF) are both exchange-traded funds - XTR is a Equity Hedged fund tracking the Cboe S&P 500 Tail Risk Index, while PTLC is a Large Cap Blend Equities fund tracking the Pacer Trendpilot U.S. Large Cap Index. Both are passively managed. Over the past 3 years, XTR returned 17.03%/yr vs 13.44%/yr for PTLC. Their correlation of 0.84 suggests significant overlap in exposure. XTR charges 0.25%/yr vs 0.60%/yr for PTLC.
Performance
XTR vs. PTLC - Performance Comparison
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Returns By Period
In the year-to-date period, XTR achieves a 6.30% return, which is significantly higher than PTLC's 2.97% return.
XTR
- 1D
- -1.06%
- 1M
- -1.03%
- YTD
- 6.30%
- 6M
- 5.43%
- 1Y
- 19.25%
- 3Y*
- 17.03%
- 5Y*
- —
- 10Y*
- —
PTLC
- 1D
- -1.38%
- 1M
- -1.33%
- YTD
- 2.97%
- 6M
- 2.00%
- 1Y
- 17.43%
- 3Y*
- 13.44%
- 5Y*
- 9.97%
- 10Y*
- 11.31%
XTR vs. PTLC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XTR Global X S&P 500 Tail Risk ETF | 6.30% | 13.66% | 21.85% | 21.16% | -17.67% | 4.25% |
PTLC Pacer Trendpilot US Large Cap ETF | 2.97% | 5.10% | 24.31% | 16.78% | -8.62% | 6.27% |
Correlation
The correlation between XTR and PTLC is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 26, 2021 | 0.84 |
The correlation between XTR and PTLC shifts across timeframes, from 0.84 (all time) to 0.98 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
XTR vs. PTLC — Risk / Return Rank
XTR
PTLC
XTR vs. PTLC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X S&P 500 Tail Risk ETF (XTR) and Pacer Trendpilot US Large Cap ETF (PTLC). 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.
| XTR | PTLC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.39 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.26 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | 2.00 | +0.28 |
| Martin ratioReturn relative to average drawdown | 9.38 | 7.66 | +1.71 |
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Drawdowns
XTR vs. PTLC - Drawdown Comparison
The maximum XTR drawdown since its inception was -20.83%, smaller than the maximum PTLC drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for XTR and PTLC.
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Drawdown Indicators
| XTR | PTLC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -20.83% | -26.63% | +5.80% |
Max Drawdown (1Y)Largest decline over 1 year | -8.51% | -8.77% | +0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -14.35% | -15.17% | +0.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.17% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -2.81% | -3.15% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -5.90% | -5.63% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.06% | 2.28% | -0.22% |
Volatility
XTR vs. PTLC - Volatility Comparison
The current volatility for Global X S&P 500 Tail Risk ETF (XTR) is 4.66%, while Pacer Trendpilot US Large Cap ETF (PTLC) has a volatility of 4.91%. This indicates that XTR experiences smaller price fluctuations and is considered to be less risky than PTLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XTR | PTLC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 4.91% | -0.25% |
Volatility (6M)Calculated over the trailing 6-month period | 9.03% | 9.19% | -0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.40% | 11.98% | -0.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.85% | 11.87% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.85% | 13.19% | +0.66% |
XTR vs. PTLC - Expense Ratio Comparison
XTR has a 0.25% expense ratio, which is lower than PTLC's 0.60% expense ratio.
Dividends
XTR vs. PTLC - Dividend Comparison
XTR's dividend yield for the trailing twelve months is around 16.77%, more than PTLC's 1.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PTLC Pacer Trendpilot US Large Cap ETF | 1.03% | 1.06% | 0.67% | 1.18% | 1.26% | 0.73% | 1.08% | 1.10% | 1.00% | 0.97% | 1.08% | 0.42% |
XTR Global X S&P 500 Tail Risk ETF | 16.77% | 17.82% | 20.89% | 1.09% | 1.08% | 2.32% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, XTR and PTLC 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.
PTLC has higher volatility (4.91%) compared to XTR (4.66%). In terms of maximum drawdown, XTR dropped -20.83% vs PTLC's -26.63%.
On 3-year performance, XTR leads with 17.03% vs 13.44% for PTLC. On fees, XTR is cheaper at 0.25% per year. On volatility, XTR has been the lower-risk option at 4.66%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, XTR has performed better with a 17.03% return vs 13.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
XTR is cheaper with a 0.25% expense ratio, compared with 0.60% for PTLC.
XTR has the higher dividend yield at 16.77%, compared with 1.03% for PTLC.
XTR is categorized as Equity Hedged, while PTLC is Large Cap Blend Equities. XTR tracks Cboe S&P 500 Tail Risk Index, while PTLC tracks Pacer Trendpilot U.S. Large Cap Index. They also come from different issuers: Global X and Pacer. Their fees differ too: 0.25% for XTR and 0.60% for PTLC.
XTR currently has the higher Sharpe Ratio (1.70 vs 1.46), 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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