EZRO vs PTBD

EZRODAlphaDroid Defensive Sector Rotation ETF

PTBDAPacer Trendpilot US Bond ETF

In short

EZRO A whole tactical playbook in one ticker. EZRO is a fund-of-funds tracking an index that ranks sector, subsector and defensive ETFs by momentum, then rotates among them by rule, at 1.01% a year.

PTBD Trend following, pointed at bonds instead of stocks. A published rulebook shifts PTBD between high yield corporates and intermediate Treasuries as their relative strength changes, dialing credit risk up or down by formula rather than by opinion.

Stated mandate

EZRO The Fund seeks to track, before fees and expenses, the total return of the AlphaDroid EZ-RO Defensive Sector Rotation Index. It uses a passive/indexing approach.

PTBD The Fund seeks to track, before fees and expenses, the total return of the Pacer Trendpilot US Bond Index through a rules-based strategy that alternates between high-yield corporate bonds and U.S. Treasury bonds.

Why people hold it

• EZRO Buys the whole rotation system, not a slice of it: the index spans sector, subsector and defensive ETFs from the SPDR, iShares and Vanguard lineups, held in one position.teucrium.com
• The rotation follows a published index, not a manager's gut call, so what it owns is set by written momentum rules.
• Plain registered-fund wrapper, not a commodity pool: shares list on Nasdaq and trade intraday like any stock ETF.sec.gov

• PTBD The rulebook is public and mechanical: high yield measured against Treasuries, compared to its 100-day average, with five straight closes needed to confirm. No manager hunch involved.paceretfs.com
• 0.60% a year, comfortably below the median for tactical multi-asset funds. Cheap for a strategy that does the reallocating for you.
• Holds roughly 1,000 bonds in whichever sleeve the signal points to, so no single issuer carries much weight. Income is distributed monthly.
• Trading since 2019, long enough to have run the rules through a rate shock and a credit wobble, and it sits in the upper tier of the tactical funds we cover.

Worth knowing

• EZRO At 1.01% with no fee waiver, it costs more than most tactical peers: ENDW charges 0.22% and GMOD 0.50% net of a waiver through June 30, 2027.
• Launched in October 2025 and still small and thinly traded, so spreads and order size matter more here than in a giant fund.
• Momentum rules read trends after they form, so a sharp reversal can leave the portfolio set for the market that just ended. It is also non-diversified.teucrium.com

• PTBD Trend rules react, they don't anticipate. A sharp reversal can flip the signal after the move has happened, and the confirmation window means the switch lands days later.paceretfs.com
• In its risk-on position the portfolio is high yield corporate debt, full stop. That is credit risk, a different animal from Treasury rate risk.paceretfs.com
• Not one of the heavily traded names in its category, so the spread and a limit order matter more here than with a mega-fund.

Full EZRO profile⁠

Full PTBD profile⁠