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ETFs

Pacer Trendpilot US Bond ETF

PTBD
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Oct 22 2019
Expense Ratio
0.60%
Type
US Bonds
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$718,637
AUM
$184,533,280
Associated Index
Pacer Trendpilot US Bond Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
Cash & Other
1.51%
n/a
Transdigm Inc 6.25 % Notes 2019-15.03.26 Secd -144A-
0.46%
MZDM5272642
MOZART DEBT MERGER SUB INC 3.875% 04/01/2029
0.41%
SLH5479266
TIBCO SOFTWARE INC 6.5% 03/31/2029
0.39%
DISH5500551
DISH NETWORK CORPORATION 11.75% 11/15/2027
0.39%
ERI5004410
CAESARS ENTERTAINMENT INC NEW SR SEC GLBL 25 6.25% 07/01/2025
0.39%
CLSR5567746
CLOUD SOFTWARE GROUP INC 9% 09/30/2029
0.37%
T5226549
DIRECTV FING LLC / DIRECTV 5.875% 08/15/2027
0.34%
CHTR4445834
CCO HLDGS LLC / CCO HLDGS CAP SR GLBL 144A 27 5.125% 05/01/2027
0.33%
AAL5147600
AADVANTAGE LOYALTY IP LTD/ AME SR SEC GLBL 29 5.75% 04/20/2029
0.31%
Invest with PTBD

What is PTBD?

The Fund seeks to track the total return performance, before fees and expenses, of the Pacer Trendpilot US Bond Index. The Pacer Trendpilot US Bond Index utilizes a systematic trend-following strategy that provides exposure to either the S&P U.S. High Yield Corporate Bond Index, the S&P U.S. Treasury Bond 7-10 Year Index, or 50% of each, depending on the relative performance of the ratio of the S&P U.S. High Yield Corporate Bond Index divided by the S&P U.S. Treasury Bond 7-10 Year Index on a simple historical, 100-day moving average.

ETFs related toPTBD

ETFs correlated to PTBD include HYDW, PHB, HYLB

PTBD
Pacer Funds Trust - Pacer Trendpilot US Bond ETF
HYDW
DBX ETF Trust - Xtrackers Low Beta High Yield Bond ETF
PHB
Invesco Capital Management LLC - Invesco Fundamental High Yield Corporate Bond ETF
HYLB
DBX ETF Trust - Xtrackers USD High Yield Corporate Bond ETF
HYG
BlackRock Institutional Trust Company N.A. - iShares iBoxx USD High Yield Corporate Bond ETF
JNK
SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF
USHY
BlackRock Institutional Trust Company N.A. - iShares Broad USD High Yield Corporate Bond ETF
HYBB
iShares Trust - iShares BB Rated Corporate Bond ETF
UJB
ProShares Trust - ProShares Ultra High Yield 2x Shares
HYGV
FlexShares Trust - FlexShares High Yield Value Scored Bond Index ETF
BBHY
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders USD High Yield Corporate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Create your own algorithmic trading strategy with PTBD using Composer

FAQ

PTBD is a US Bonds ETF. The Fund seeks to track the total return performance, before fees and expenses, of the Pacer Trendpilot US Bond Index. The Pacer Trendpilot US Bond Index utilizes a systematic trend-following strategy that provides exposure to either the S&P U.S. High Yield Corporate Bond Index, the S&P U.S. Treasury Bond 7-10 Year Index, or 50% of each, depending on the relative performance of the ratio of the S&P U.S. High Yield Corporate Bond Index divided by the S&P U.S. Treasury Bond 7-10 Year Index on a simple historical, 100-day moving average.

PTBD tracks the Pacer Trendpilot US Bond Index.

No, PTBD is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PTBD is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PTBD is 0.0018%. This is the percent change in the value of PTBD over the most recent 1-month period. The 3-month return on PTBD is 0.0122%. This is the percent change in the value of PTBD over the most recent 3-month period.

The standard deviation of PTBD for the past year is 0.1029%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PTBD include GVI, BLV, and BSV.

ETFs correlated to PTBD include HYDW, PHB, and HYLB.

ETFs that are inversely correlated to PTBD include SJB, SPXU, and SPXS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.