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PTBD vs USAF

Pacer Trendpilot US Bond ETF

PTBDANYSE Arca

Atlas America Fund

USAFBNasdaq

Overlap

0.0%by weight

Expense ratio

PTBD −0.34pt a year

PTBD0.60%USAF0.94%

Avg volume · 30D

PTBD 7.7×the volume

PTBD18.6KUSAF2.41K

PTBD vs USAF Performance

Oct 31, 2025 – Oct 30, 2026

−0.1%PTBD+3.8%USAF

Oct 31, 2025 to Oct 30, 2026. PTBD −0.1%. USAF +3.8%. Use the arrow keys to read each point.−2%2%6%Oct 2025Apr 2026Oct 2026
Expense ratio
PTBD 0.60%, better
USAF 0.94%
Fund size
PTBD $83M
USAF $16M
1Y total return
PTBD −0.1%
USAF +3.8%, better
Yield (12M)
PTBD 6.36%
USAF No data
Holdings
PTBD 1047
USAF 63
Avg volume (30D)
PTBD 18.6K sh, better
USAF 2.41K sh
NAV per share
PTBD $18.34
USAF $27.91
52W range

ETF.net Grade

PTBD: Cost 83, Risk 60, Mission not scored, Tradability 50, Holdings 90, Durability 83. USAF: Cost 49, Risk 62, Mission 81, Tradability 25, Holdings 64, Durability 17.
Pillar letters and Scores for PTBD, USAF, with each pillar’s weight
PillarPTBDUSAF
Cost30% weightA83HigherC49
Mission25% weightNot scoredA81
Risk15% weightB60B62Higher
Tradability15% weightC50HigherD25
Holdings10% weightA90HigherB64
Durability5% weightA83HigherF17

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 USAF 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 USAF 21st 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 21BPRTORCN Pareto Strategic Allocation ETFScore 55
  6. Rank 21BUSAFAtlas America FundScore 55
  7. Rank 24CXFLXFundX Flexible ETFScore 54

Our read on each fund

ETF.net Research

PTBDAPacer Trendpilot US Bond ETF

USAFBAtlas America Fund

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.

USAF No data

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.

USAF No data

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.

USAF No data

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.

USAF No data

Full PTBD profile⁠

Full USAF profile⁠

PTBD vs USAF Holdings

As of

How PTBD and USAF differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PTBD and 0.0% of USAF.

Level by level

  • Asset classFixed Income, Equity0.0%
  • Holdings0 in both0.0%
  • Countryby domicile89.6%

Sector

No Sector split for PTBD.

Country, concentration and asset class

Country by domicile

Country weights in PTBD and USAF, widest gap first
CountryMore in PTBDMore in USAF
United StatesUSAF +6.8 points
CanadaPTBD +3.3 points
Cayman IslandsPTBD +1.3 points
IsraelUSAF +1.3 points
LuxembourgPTBD +1.2 points
United KingdomPTBD +1.2 points
JapanPTBD +0.7 points
South KoreaUSAF +0.7 points
Other countries (16)PTBD +1.1 points

Concentration

Weight in the 10 largest Holdings

  • PTBD5.8%
  • USAF68.5%

Securities held

  • PTBD1,043
  • USAF61

Asset class

PTBD
Fixed Income
USAF
Equity

Holdings

  • Only in PTBD1,043
  • In both0
  • Only in USAF61

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%

Only in USAF

61 securities, 96.5% of USAF by weight

  • Vanguard I 0-3 Month Treasury Bill9.22%
  • Invesco Ac Agriculture Commodity St9.15%
  • Ishares Gold Trust Micro8.09%

Weight gaps

PTBD and USAF share no securities.

All 1,050 PTBD holdings⁠All 61 USAF 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 USAF Cost

Overpaying USAF vs PTBD

$5,887

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

  • PTBD 0.60%

    $11,817

  • USAF 0.94%

    $17,704

$10,000
30 years

Cost over time

  • PTBD 0.60%
  • USAF 0.94%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530USAF $17,704PTBD $11,817

Year by year

YearPTBDUSAFOverpaying
10$1,076$1,661$585
20$4,116$6,260$2,144
30$11,817$17,704$5,887

Expense ratio

  • 0.60%PTBD, cheaper
  • 0.94%USAF
  • Middle half of Tactical Allocation funds
  • Median 0.93%

PTBD 8th cheapest of 46 funds

USAF 24th cheapest of 46 funds

PTBD vs USAF Dividends

Last 12 months to Oct 30, 2026
Yield (12M)
PTBD 6.36%
USAF No data
Payout (12M)
PTBD $1.17
USAF No data
Last payment
PTBD $0.10
USAF $0.67
Ex-dividend
PTBD Oct 22, 2026
USAF Dec 30, 2025
Paid on
PTBD Oct 26, 2026
USAF Dec 31, 2025
Frequency
PTBD Monthly
USAF Irregular

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$0.5020232026YTD
USAFIrregular · 1 paymentAll USAF payments⁠
One bar per payment. 1 payment from 2023 to 2026 YTD. Dec 30, 2025 $0.67. Use the arrow keys to read each point.$0$0.5020232026YTD

PTBD vs USAF 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%USAF 5.0%since Dec 2024
Return per unit of riskSharpe ratio, 3 years
PTBD 0.08USAF 0.43since Dec 2024
Worst fallMax drawdown, 5 years
PTBD −24.8%USAF −4.4%since Nov 2024
Market sensitivityBeta, 5 years
PTBD 0.74USAF 0.08

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