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PTBD vs QPX

Pacer Trendpilot US Bond ETF

PTBDANYSE Arca

AdvisorShares Q Dynamic Growth ETF

QPXFNYSE Arca

Overlap

Expense ratio

PTBD −1.17pt a year

PTBD0.60%QPX1.77%

Avg volume · 30D

PTBD 6.0×the volume

PTBD18.6KQPX3.08K

5Y return · a year

QPX +10.6pt

PTBD−1.6%QPX+9.0%

PTBD vs QPX Performance

Oct 29, 2021 – Oct 30, 2026

−7.9%PTBD+54.1%QPX

Oct 29, 2021 to Oct 30, 2026. PTBD −7.9%. QPX +54.1%. Use the arrow keys to read each point.−20%20%40%Oct 2021Apr 2024Oct 2026
Expense ratio
PTBD 0.60%, better
QPX 1.77%
Fund size
PTBD $83M
QPX $32M
1Y total return
PTBD −0.1%
QPX +4.0%, better
Yield (12M)
PTBD 6.36%
QPX No data
Holdings
PTBD 1047
QPX 8
Avg volume (30D)
PTBD 18.6K sh, better
QPX 3.08K sh
NAV per share
PTBD $18.34
QPX $46.11
52W range

ETF.net Grade

PTBD: Cost 83, Risk 60, Mission not scored, Tradability 50, Holdings 90, Durability 83. QPX: Cost 3, Risk 32, Mission not scored, Tradability 33, Holdings 37, Durability 55.
Pillar letters and Scores for PTBD, QPX, with each pillar’s weight
PillarPTBDQPX
Cost30% weightA83HigherF3
Mission25% weightNot scoredNot scored
Risk15% weightB60HigherD32
Tradability15% weightC50HigherD33
Holdings10% weightA90HigherD37
Durability5% weightA83HigherB55

Rank among Tactical Allocation funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PTBD and QPX are both graded against the same 46 Tactical Allocation funds, so their Grades compare head to head.

Tactical Allocation⁠

Category · 46 funds
See all 46 ›

PTBD ranks 3rd and QPX 43rd of 46 funds in the Tactical Allocation Category.

  1. Rank 1AENDWCambria Endowment Style ETFScore 81
  2. Rank 2AGMODGMO Dynamic Allocation ETFScore 76
  3. Rank 3APTBDPacer Trendpilot US Bond ETFScore 72
  4. Rank 4ARISNInspire Capital Appreciation ETFScore 71
  5. Rank 43FDRAIDraco Evolution AI ETFScore 23
  6. Rank 43FQPXAdvisorShares Q Dynamic Growth ETFScore 23
  7. Rank 45FOROArrow Valtoro ETFScore 22

Our read on each fund

ETF.net Research

PTBDAPacer Trendpilot US Bond ETF

QPXFAdvisorShares Q Dynamic Growth ETF

In short

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.

QPX A one-ticker tactical mix: it owns other ETFs across stocks, bonds, commodities and volatility products, pursuing equity-like growth until implied volatility turns abnormal, then shifting defensive. Actively run, and priced like it.

Stated mandate

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.

QPX The Fund seeks long-term growth. It actively allocates among ETFs spanning equities, bonds, commodities, volatility products and other asset classes, normally pursuing equity-like returns but moving defensively when implied volatility is abnormal.

Why people hold it

  • 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.
  • QPX Stocks, bonds, commodities and volatility products in a single holding, with a manager free to move the mix instead of sitting in a fixed allocation.advisorshares.com
  • The defense switch is written into the mandate, not the marketing: abnormal implied volatility is the documented cue to move the portfolio defensively.advisorshares.com
  • Trading since December 2020, so there is a multi-year live record to inspect instead of a backtest.advisorshares.com

Worth knowing

  • 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.
  • QPX The 1.76% annual fee is a heavy lift. Tactical cohort peers such as ENDW (0.22%) and ONOF (0.39%) charge a fraction of it.
  • Small and thinly traded, so spreads can be wide and a big order can move the price. Limit orders are the norm here.
  • No published benchmark to measure it against, so results ride on one team's volatility read rather than a rule you can check yourself.

Full PTBD profile⁠

Full QPX profile⁠

PTBD vs QPX Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PTBD vs QPX Cost

Overpaying QPX vs PTBD

$18,154

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • PTBD 0.60%

    $11,817

  • QPX 1.77%

    $29,971

$10,000
30 years

Cost over time

  • PTBD 0.60%
  • QPX 1.77%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$10K$20K$30K051015202530QPX $29,971PTBD $11,817

Year by year

YearPTBDQPXOverpaying
10$1,076$3,022$1,946
20$4,116$10,977$6,861
30$11,817$29,971$18,154

Expense ratio

  • 0.60%PTBD, cheaper
  • 1.77%QPX
  • Middle half of Tactical Allocation funds
  • Median 0.93%

PTBD 8th cheapest of 46 funds

QPX 44th cheapest of 46 funds

PTBD vs QPX Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PTBD 6.36%
QPX No data
Payout (12M)
PTBD $1.17
QPX None
Last payment
PTBD $0.10
QPX No data
Ex-dividend
PTBD Oct 22, 2026
QPX No data
Paid on
PTBD Oct 26, 2026
QPX No data
Frequency
PTBD Monthly
QPX No data

Distribution history

Per share, 2023 to 2026, same scale for both

PTBDMonthly · 46 paymentsAll PTBD payments⁠
One bar per payment. 46 payments from 2023 to 2026 YTD. Jan 26, 2023 $0.09; Feb 23, 2023 $0.11; Mar 23, 2023 $0.12; Apr 27, 2023 $0.07; May 25, 2023 $0.04; Jun 22, 2023 $0.09; Jul 27, 2023 $0.16; Aug 24, 2023 $0.12; Sep 21, 2023 $0.12; Oct 26, 2023 $0.14; Nov 22, 2023 $0.11; Dec 27, 2023 $0.17; Jan 25, 2024 $0.09; Feb 22, 2024 $0.11; Mar 21, 2024 $0.12; Apr 25, 2024 $0.14; May 23, 2024 $0.09; Jun 27, 2024 $0.18; Jul 25, 2024 $0.11; Aug 22, 2024 $0.09; Sep 26, 2024 $0.06; Oct 24, 2024 $0.08; Nov 21, 2024 $0.10; Dec 27, 2024 $0.15; Jan 23, 2025 $0.07; Feb 26, 2025 $0.12; Mar 27, 2025 $0.10; Apr 24, 2025 $0.03; May 22, 2025 $0.04; Jun 26, 2025 $0.12; Jul 24, 2025 $0.10; Aug 27, 2025 $0.12; Sep 25, 2025 $0.09; Oct 23, 2025 $0.09; Nov 25, 2025 $0.06; Dec 23, 2025 $0.15; Jan 22, 2026 $0.06; Feb 25, 2026 $0.11; Mar 26, 2026 $0.07; Apr 23, 2026 $0.09; May 21, 2026 $0.07; Jun 25, 2026 $0.12; Jul 23, 2026 $0.10; Aug 27, 2026 $0.15; Sep 24, 2026 $0.09; Oct 22, 2026 $0.10. Use the arrow keys to read each point.$0$0.2020232026YTD
QPXAll QPX payments⁠

No distribution history available.

PTBD vs QPX Risk

Fall from peak · 5 years

  • PTBD
  • QPX
Oct 29, 2021 to Oct 30, 2026. Worst fall: QPX −34.7% · Oct 2022. Use the arrow keys to read each point.−30%−20%−10%0%Oct 2021Apr 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
PTBD 5.2%, betterQPX 13.1%
Return per unit of riskSharpe ratio, 3 years
PTBD 0.08QPX 1.08, better
Worst fallMax drawdown, 5 years
PTBD −24.8%, betterQPX −34.7%
Market sensitivityBeta, 5 years
PTBD 0.74QPX 1.20

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