PTBD vs TUG: Grades, Fees and Holdings Compared

Pacer Trendpilot US Bond ETF

PTBDANYSE Arca

STF Tactical Growth ETF

TUGBNasdaq

Overlap

1.0%by weight

Expense ratio

PTBD −0.05pt a year

PTBD0.60%TUG0.65%

Avg volume · 30D

PTBD 10.5×the volume

PTBD18.6KTUG1.78K

3Y return · a year

TUG +18.4pt

PTBD+4.9%TUG+23.3%

PTBD vs TUG Performance

Oct 31, 2025 – Oct 30, 2026

−0.1%PTBD+12.1%TUG

Expense ratio: PTBD 0.60%, better; TUG 0.65%
Fund size: PTBD $83M; TUG $35M
1Y total return: PTBD −0.1%; TUG +12.1%, better
Yield (12M): PTBD 6.36%, better; TUG 1.47%
Holdings: PTBD 1047; TUG 101
Avg volume (30D): PTBD 18.6K sh, better; TUG 1.78K sh
NAV per share: PTBD $18.34; TUG $45.27
52W range

ETF.net Grade

Pillar letters and Scores for PTBD, TUG, with each pillar’s weight
Pillar	PTBD	TUG
Cost30% weight	A83Higher	A80
Mission25% weight	Not scored	A92
Risk15% weight	B60Higher	D35
Tradability15% weight	C50Higher	D25
Holdings10% weight	A90Higher	A82
Durability5% weight	A83Higher	C43

Rank among Tactical Allocation funds

How we build Categories ›

Same Category. PTBD and TUG 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 TUG 7th of 46 funds in the Tactical Allocation Category.

Rank 1AENDWCambria Endowment Style ETFScore 81
Rank 2AGMODGMO Dynamic Allocation ETFScore 76
Rank 3APTBDPacer Trendpilot US Bond ETFScore 72
Rank 4ARISNInspire Capital Appreciation ETFScore 71
Rank 7BLEXIAlexis Practical Tactical ETFScore 66
Rank 7BTUGSTF Tactical Growth ETFScore 66
Rank 9BDDXXDefined Duration 20 ETFScore 63

Our read on each fund

ETF.net Research

PTBDAPacer Trendpilot US Bond ETF

TUGBSTF Tactical 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.

TUG A trend-following read on the Nasdaq-100: STF's model watches moving averages and shifts the fund between big-tech equity, long-duration Treasuries and T-bills, so the risk-off decision is built into the machinery.

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.

TUG The Fund seeks long-term growth of capital.

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.

TUG At 0.65% a year it undercuts the typical tactical allocation fund, where 0.95% sits in the middle of the pack.
One clear job: the model reads trends in the Nasdaq-100 and dials between index equity, long-duration Treasuries and cash. No black-box asset soup.sec.gov
Same engine as sibling TUGN, minus the overlay. TUGN layers on an options spread for income; TUG stays the straight growth version.sec.gov sec.gov 2

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.

TUG Small asset base and light trading volume. Spreads can widen, so your entry price can matter more than the fee.
Trend models trade. The prospectus flags active and frequent trading, which brings turnover, tax friction and whipsaw risk in choppy markets.sec.gov
The defensive sleeve leans on long-duration Treasuries, which swing with interest rates rather than parking flat like cash.sec.gov

Full PTBD profile⁠

Full TUG profile⁠

PTBD vs TUG Holdings

As of Oct 23, 2026

How PTBD and TUG differ

Overlap by weight

1.0%

Shared holdings make up 1.4% of TUG and 1.0% of PTBD.

Level by level

Holdings0 in both1.0%
Countryby domicile90.0%

Sector

No Sector split for PTBD.

Country, concentration and asset class

Country by domicile

Country weights in PTBD and TUG, widest gap first
Country	More in PTBDMore in TUG	PTBD	TUG
United States	TUG +8.7 points	86.1%	94.8%
Canada	PTBD +2.5 points	3.5%	1.0%
Japan	PTBD +1.7 points	1.7%	0.0%
Luxembourg	PTBD +1.2 points	1.2%	0.0%
France	PTBD +1.1 points	1.1%	0.0%
Cayman Islands	PTBD +1.0 points	1.4%	0.4%
Singapore	TUG +0.7 points	0.0%	0.7%
Netherlands	TUG +0.6 points	0.7%	1.3%
Other countries (10)	PTBD +2.4 points	4.2%	1.8%

Concentration

Weight in the 10 largest Holdings

PTBD5.8%
TUG49.0%

Securities held

PTBD1,043
TUG100

Asset class

PTBD: Fixed Income
TUG: Multi-Asset

Holdings

Only in PTBD1,043
In both0
Only in TUG100

Only in PTBD

1,043 securities, 97.5% of PTBD by weight

1261229 BC Ltd 10% 04/15/20320.60%
EchoStar Corp 10.75% 11/30/20290.49%
Meridian Arc Holdco LLC 6.25% 04/30/20310.48%
SoftBank Group Corp 9.25% 04/01/20320.36%
SoftBank Group Corp 9.75% 04/01/20340.36%
Cloud Software Group LLC 6.5% 03/31/20290.35%
TransDigm Inc 6.375% 03/01/20290.34%
PR RNO Property Owner 1 LLC 6.5% 05/01/20310.34%
Cloud Software Group LLC 9% 09/30/20290.34%
Quikrete Holdings Inc 6.375% 03/01/20320.33%
EMRLD Borrower LP / Emerald Co-Issuer Inc 6.625% 12/15/20300.30%
SV RNO Property Owner 1 LLC 5.875% 03/01/20310.29%
HUB International Ltd 7.25% 06/15/20300.29%
Nexstar Media Inc 6.5% 09/15/20330.29%
WULF Compute LLC 7.75% 10/15/20300.28%
Rakuten Group Inc 9.75% 04/15/20290.27%
Venture Global LNG Inc 9.5% 02/01/20290.27%
CRC Insurance Group LLC 7.125% 06/01/20310.27%
OAK-Eagle Acquireco Inc 7.25% 07/01/20330.27%
Galaxy Helios Data Centers II LLC 9.875% 08/01/20310.26%
Directv Financing LLC 8.875% 02/01/20300.26%
Asurion LLC/ Asurion Co-Issuer Inc 8% 12/31/20320.26%
Medline Borrower LP 5.25% 10/01/20290.26%
Core Scientific Finance I LLC 7.75% 05/15/20310.26%
Mauser Packaging Solutions Holding Co 7.875% 04/15/20300.25%
TransDigm Inc 6.375% 05/31/20330.24%
TransDigm Inc 6.75% 01/31/20350.24%
1011778 BC ULC / New Red Finance Inc 4% 10/15/20300.24%
CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 03/01/20300.24%
Neptune Bidco US Inc 9.29% 04/15/20290.23%
Centene Corp 4.625% 12/15/20290.23%
OAK-Eagle Acquireco Inc 8.75% 07/01/20340.23%
DaVita Inc 4.625% 06/01/20300.23%
AthenaHealth Group Inc 6.5% 02/15/20300.22%
CCO Holdings LLC / CCO Holdings Capital Corp 5% 02/01/20280.22%
CCO Holdings LLC / CCO Holdings Capital Corp 4.25% 02/01/20310.22%
Level 3 Financing Inc 7% 03/31/20340.21%
UKG Inc 6.875% 02/01/20310.21%
EchoStar Corp 6.75% 11/30/20300.21%
IQVIA Inc 6.25% 06/01/20320.21%
Talen Energy Supply LLC 6.375% 05/01/20330.21%
American Airlines Inc/AAdvantage Loyalty IP Ltd 5.75% 04/20/20290.21%
Allied Universal Holdco LLC/Allied Universal Finance Corp/Atlas Luxco 4 Sarl 4.625% 06/01/20280.21%
CoreWeave Inc 9.75% 10/01/20310.21%
Carrix Inc 6.125% 08/01/20330.21%
Rocket Cos Inc 6.375% 08/01/20330.21%
Allied Universal Holdco LLC 7.875% 02/15/20310.21%
Beach Acquisition Bidco LLC 10% 07/15/20330.21%
APLD ComputeCo LLC 9.25% 12/15/20300.21%
Venture Global LNG Inc 8.375% 06/01/20310.20%

Only in TUG

100 securities, 98.6% of TUG by weight

Apple Inc8.89%
NVIDIA Corp8.62%
Microsoft Corp6.76%
Micron Technology Inc5.18%
Amazon.com Inc4.38%
Advanced Micro Devices Inc4.33%
Alphabet Inc2.82%
Broadcom Inc2.78%
Tesla Inc2.66%
Walmart Inc2.63%
Alphabet Inc2.60%
Meta Platforms Inc2.36%
Cisco Systems Inc2.09%
Palantir Technologies Inc2.00%
Costco Wholesale Corp1.87%
Applied Materials Inc1.66%
Lam Research Corp1.64%
Kla Corp1.37%
Crowdstrike Holdings Inc1.31%
Palo Alto Networks Inc1.24%
Netflix Inc1.23%
Texas Instruments Inc1.12%
Analog Devices Inc1.06%
Gilead Sciences Inc1.04%
Linde PLC1.00%
Amgen Inc0.95%
QUALCOMM Inc0.93%
Shopify Inc0.90%
ASML Holding NV0.89%
Marvell Technology Inc0.88%
Intel Corp0.85%
PepsiCo Inc0.70%
Seagate Technology Holdings PLC0.70%
Vertex Pharmaceuticals Inc0.68%
T-Mobile US Inc0.68%
Booking Holdings Inc0.65%
Intuitive Surgical Inc0.62%
Western Digital Corp0.62%
Marriott International Inc/MD0.60%
Cadence Design Systems Inc0.55%
Automatic Data Processing Inc0.53%
CSX Corp0.49%
Synopsys Inc0.48%
Monster Beverage Corp0.45%
Ross Stores Inc0.42%
Fortinet Inc0.42%
Constellation Energy Corp0.41%
Datadog Inc0.41%
MercadoLibre Inc0.40%
O'Reilly Automotive Inc0.39%

Weight gaps

PTBD and TUG share no securities.

All 1,050 PTBD holdings⁠All 102 TUG holdings⁠

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 TUG Cost

Overpaying TUG vs PTBD

$900

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

PTBD 0.60%
$11,817
TUG 0.65%
$12,717

Amount$10,000

Years30 years

Cost over time

PTBD 0.60%
TUG 0.65%
Overpaying

Year by year

Year	PTBD	TUG	Overpaying
10	$1,076	$1,163	$87
20	$4,116	$4,440	$324
30	$11,817	$12,717	$900

Expense ratio

0.60%PTBD, cheaper
0.65%TUG

PTBD0.60%TUG0.65%

0.22%1.99%

Middle half of Tactical Allocation funds
Median 0.93%

PTBD 8th cheapest of 46 funds

TUG 10th cheapest of 46 funds

PTBD vs TUG Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PTBD 6.36%, better; TUG 1.47%
Payout (12M): PTBD $1.17; TUG $0.67
Last payment: PTBD $0.10; TUG $0.00065
Ex-dividend: PTBD Oct 22, 2026; TUG Jun 25, 2026
Paid on: PTBD Oct 26, 2026; TUG Jun 26, 2026
Frequency: PTBD Monthly; TUG Twice a year

Distribution history

Per share, 2023 to 2026, same scale for both

PTBDMonthly · 46 paymentsAll PTBD payments⁠

TUGTwice a year · 13 paymentsAll TUG payments⁠

PTBD vs TUG Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PTBD 5.2%, betterTUG 16.8%
Return per unit of riskSharpe ratio, 3 years: PTBD 0.08TUG 1.07, better
Worst fallMax drawdown, 5 years: PTBD −24.8%TUG −22.3%since May 2022
Market sensitivityBeta, 5 years: PTBD 0.74TUG 1.24; Market = 1

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