PWS vs RISN: Grades, Fees and Holdings Compared

Pacer WealthShield ETF

PWSBCboe

Inspire Capital Appreciation ETF

RISNANYSE Arca

Overlap

2.3%by weight

Expense ratio

PWS −0.12pt a year

PWS0.60%RISN0.72%

Avg volume · 30D

RISN 2.4×the volume

PWS6.13KRISN14.8K

5Y return · a year

RISN +3.3pt

PWS+0.1%RISN+3.4%

PWS vs RISN Performance

Oct 29, 2021 – Oct 30, 2026

+0.7%PWS+18.4%RISN

Expense ratio: PWS 0.60%, better; RISN 0.72%
Fund size: PWS $14M; RISN $70M
1Y total return: PWS −3.7%; RISN +4.8%, better
Yield (12M): PWS 2.14%, better; RISN 1.05%
Holdings: PWS 315; RISN 53
Avg volume (30D): PWS 6.13K sh; RISN 14.8K sh, better
NAV per share: PWS $31.81; RISN $31.09
52W range

ETF.net Grade

Pillar letters and Scores for PWS, RISN, with each pillar’s weight
Pillar	PWS	RISN
Cost30% weight	A83Higher	A76
Mission25% weight	Not scored	A85
Risk15% weight	D39	C46Higher
Tradability15% weight	B64	B64
Holdings10% weight	A77	A80Higher
Durability5% weight	B56	B68Higher

Rank among Tactical Allocation funds

How we build Categories ›

Same Category. PWS and RISN 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 ›

RISN ranks 4th and PWS 6th 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 5BPBLPGIM Portfolio Ballast ETFScore 69
Rank 6BPWSPacer WealthShield ETFScore 67
Rank 7BLEXIAlexis Practical Tactical ETFScore 66

Our read on each fund

ETF.net Research

PWSBPacer WealthShield ETF

RISNAInspire Capital Appreciation ETF

In short

PWS A tactical fund that takes its cue from the junk-bond market. When high-yield credit and sector momentum turn, PWS rotates between U.S. equity sectors and Treasuries, then re-checks the tape every month.

RISN A tactical blend of U.S. large-cap stocks and U.S. bonds from a values-screening shop, built to chase long-term growth with less turbulence than the large-cap market, at a fee below the typical tactical peer.

Stated mandate

PWS The Fund uses a rules-based trend-following strategy to shift exposure between U.S. equity sectors and U.S. Treasury securities. Its monthly evaluations consider high-yield credit conditions, Treasury rates, and momentum in equity sectors and long-term Treasuries.

RISN The fund seeks long-term capital appreciation with lower volatility than the U.S. large-cap stock market.

Why people hold it

PWS Rules run it, not hunches: monthly signals from high-yield credit, Treasury rates and sector momentum decide the mix. It has tracked its own index tightly.paceretfs.com
0.60% a year, under the median for tactical multi-asset funds, which is unusual for a strategy that rotates whole asset classes on a schedule.
Live since 2017, so the record spans real drawdowns, not just a backtest. It pays quarterly and holds roughly 300 stocks when the equity side is on.
Rated among the stronger implementations in its tactical peer group on ETF.net's review.

RISN Charges 0.72% a year, under the going rate for tactical multi-asset funds that actively shift their mix.
One ticket holds U.S. large-cap equities alongside U.S. fixed income, with the stated aim of long-term appreciation at lower volatility than U.S. large caps.
One of the stronger implementations in a crowded tactical multi-asset field, with a live record going back to its 2020 launch.
Pays out quarterly, so the bond sleeve shows up as scheduled cash rather than a once-a-year surprise.

Worth knowing

PWS Small and thinly traded. Spreads can be wide and orders can move the price, so the trading experience differs from a mega-cap index fund.
Trend rules can whipsaw. In choppy markets the fund may step out after a drop and step back in after a bounce, paying for the round trip.
Cheaper tactical options exist: ENDW runs 0.22% and ONOF 0.39%, though neither uses the same credit-plus-momentum switch.

RISN Thinly traded and modest in size, so bid-ask spreads can matter more than the fee does. Limit orders are the standard workaround.
Tactical means judgment calls: the allocation can look nothing like a fixed stock/bond blend at any given moment.
Cheap for tactical, not cheap outright. Peers such as ENDW (0.22%) and ONOF (0.39%) run at a fraction of the fee.

Full PWS profile⁠

Full RISN profile⁠

PWS vs RISN Holdings

As of Oct 23, 2026

How PWS and RISN differ

Overlap by weight

2.3%

Shared holdings make up 10.2% of RISN and 2.3% of PWS.

Level by level

Holdings7 in both2.3%
Sector10 Sectors46.2%
Countryby domicile99.1%
Asset classEquity100%

Sector

Sector weights in PWS and RISN, widest gap first
Sector	More in PWSMore in RISN	PWS	RISN
Financials	RISN +27.6 points	0.1%	27.7%
Health Care	PWS +18.2 points	19.8%	1.6%
Real Estate	PWS +16.5 points	18.2%	1.7%
Technology	PWS +13.5 points	23.4%	10.0%
Industrials	RISN +9.9 points	17.3%	27.2%
Materials	RISN +8.0 points	0.1%	8.1%
Energy	PWS +5.6 points	21.0%	15.4%
Consumer Discretionary	RISN +4.9 points	0.0%	4.9%
Utilities	RISN +1.7 points	0.0%	1.7%
Consumer Staples	RISN +1.7 points	0.0%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in PWS and RISN, widest gap first
Country	More in PWSMore in RISN	PWS	RISN
United States	RISN +0.9 points	99.1%	100.0%
Other countries (6)	PWS +0.9 points	0.9%	0.0%

Concentration

Weight in the 10 largest Holdings

PWS42.0%
RISN35.2%

Securities held

PWS314
RISN52

Asset class

PWS: Equity
RISN: Equity

Holdings

Only in PWS307
In both7
Only in RISN45

Only in PWS

307 securities, 95.3% of PWS by weight

United States Treasury Bill 12/31/202616.99%
NVIDIA Corp4.09%
Apple Inc3.82%
Eli Lilly & Co3.27%
Microsoft Corp3.02%
Meta Platforms Inc2.17%
Amazon.com Inc2.10%
Cisco Systems Inc2.05%
Johnson & Johnson1.99%
AbbVie Inc1.95%
UnitedHealth Group Inc1.20%
Merck & Co Inc1.18%
Alphabet Inc1.14%
Amgen Inc1.09%
Netflix Inc1.09%
Salesforce Inc1.05%
Arista Networks Inc1.02%
Gilead Sciences Inc0.92%
Alphabet Inc0.91%
Oracle Corp0.90%
Booking Holdings Inc0.83%
Thermo Fisher Scientific Inc0.82%
Moderna Inc0.82%
Micron Technology Inc0.80%
Snowflake Inc0.78%
Vertex Pharmaceuticals Inc0.72%
Datadog Inc0.71%
Cloudflare Inc0.69%
Advanced Micro Devices Inc0.69%
Abbott Laboratories0.56%
Regeneron Pharmaceuticals Inc0.55%
Pfizer Inc0.55%
Airbnb Inc0.51%
Intuitive Surgical Inc0.49%
Veeva Systems Inc0.48%
DoorDash Inc0.48%
Danaher Corp0.47%
Biogen Inc0.45%
Ciena Corp0.40%
Bristol-Myers Squibb Co0.40%
Medtronic PLC0.38%
CVS Health Corp0.38%
McKesson Corp0.38%
Natera Inc0.36%
Palantir Technologies Inc0.35%
Intel Corp0.35%
Twist Bioscience Corp0.34%
eBay Inc0.34%
PayPal Holdings Inc0.34%
Halozyme Therapeutics Inc0.34%

Only in RISN

45 securities, 89.9% of RISN by weight

Wisdomtree Float19.09%
United Parcel-B1.82%
Home Depot Inc1.82%
Nasdaq Inc1.81%
Cheniere Energy1.81%
Eog Resources1.79%
Exxonmobil Holdi1.77%
Cintas Corp1.77%
Republic Svcs1.76%
Waste Management1.75%
Csx Corp1.74%
Nucor Corp1.74%
Automatic Data1.73%
Targa Resources1.73%
Occidental Pete1.72%
Progressive Corp1.72%
Norfolk Southern1.72%
Aflac Inc1.72%
Crh PLC1.71%
3M Co1.71%
Slb Ltd1.71%
Kinder Morgan In1.71%
Fedex Corp1.70%
United Rentals1.70%
Simon Property1.69%
Nextera Energy1.69%
Intercont Exch I1.68%
Mondelez Inter-A1.67%
O'reilly Automot1.63%
Fastenal Co1.63%
Linde PLC1.62%
Ametek Inc1.55%
Baker Hughes Co1.52%
Delta Air Li1.51%
Southern Copper1.50%
Valero Energy1.48%
Paccar Inc1.47%
Freeport-Mcmoran1.47%
Applovin Co-Cl A1.44%
Parker Hannifin1.43%
Interactive Brok1.43%
Ge Vernova Inc1.37%
Comfort Systems1.19%
Caterpillar Inc1.17%
Bbh Sweep Vehicle0.49%

Weight gaps

All 7 Holdings in both funds, largest gap first.

Holding weights in PWS and RISN, widest gap first
Holding	More in PWSMore in RISN	PWS	RISN
IQVIA Holdings IncIQV	RISN +1.44 points	0.15%	1.59%
Carvana CoCVNA	RISN +1.39 points	0.29%	1.68%
Western Digital CorpWDC	RISN +1.37 points	0.11%	1.48%
Amphenol CorpAPH	RISN +1.30 points	0.15%	1.45%
Kla CorpKLAC	RISN +1.15 points	0.16%	1.31%
Sandisk CorpSNDK	RISN +1.03 points	0.17%	1.20%
Broadcom IncAVGO	RISN +0.23 points	1.23%	1.46%

All 393 PWS holdings⁠All RISN 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.

PWS vs RISN Cost

Overpaying RISN vs PWS

$2,140

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

PWS 0.60%
$11,817
RISN 0.72%
$13,957

Amount$10,000

Years30 years

Cost over time

PWS 0.60%
RISN 0.72%
Overpaying

Year by year

Year	PWS	RISN	Overpaying
10	$1,076	$1,284	$208
20	$4,116	$4,888	$772
30	$11,817	$13,957	$2,140

Expense ratio

0.60%PWS, cheaper
0.72%RISN

PWS0.60%RISN0.72%

0.22%1.99%

Middle half of Tactical Allocation funds
Median 0.93%

PWS 8th cheapest of 46 funds

RISN 12th cheapest of 46 funds

PWS vs RISN Dividends

Last 12 months to Oct 30, 2026

Yield (12M): PWS 2.14%, better; RISN 1.05%
Payout (12M): PWS $0.68; RISN $0.32
Last payment: PWS $0.34; RISN $0.08
Ex-dividend: PWS Sep 3, 2026; RISN Sep 25, 2026
Paid on: PWS Sep 8, 2026; RISN Oct 1, 2026
Frequency: PWS Quarterly; RISN Quarterly

Distribution history

Per share, 2018 to 2026, same scale for both

PWSQuarterly · 34 paymentsAll PWS payments⁠

RISNQuarterly · 24 paymentsAll RISN payments⁠

PWS vs RISN Risk

Fall from peak · 5 years

PWS
RISN

Risk facts

VolatilityStd dev, 3 years: PWS 11.4%RISN 11.4%
Return per unit of riskSharpe ratio, 3 years: PWS 0.42RISN 0.77, better
Worst fallMax drawdown, 5 years: PWS −24.9%RISN −21.9%, better
Market sensitivityBeta, 5 years: PWS 0.72RISN 1.08; Market = 1

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