PTLC vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: SPYMore Diversified: SPY

Side-by-Side Comparison

MetricPTLCSPYWinner
Expense Ratio0.60%0.09%
AUM$3.2B$789.1B
Dividend Yield1.01%1.01%
Holdings506505
YTD Return+4.54%+9.93%
1Y Return+12.30%+19.50%
3Y Return (annualized)+11.76%+19.33%
5Y Return (annualized)+9.53%+12.82%
Volatility (annualized)65542.9%15.3%
Max Drawdown-100.0%-56.5%
Fund FamilyPacer ETFsState Street Investment Management
CategoryEquityEquity
InceptionJun 11, 2015Jan 22, 1993

PTLC vs SPY Performance

Pacer Trendpilot US Large Cap ETF (PTLC) is a ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PTLC returned +12.30% while SPY returned +19.50%. Year to date, PTLC is up 4.54% versus a gain of 9.93% for SPY.

Over three years, PTLC compounded at +11.76% per year against +19.33% for SPY; over five years the annualized figures are +9.53% and +12.82% respectively. Across the full 21-year window we track, PTLC has the edge at +36.83% annualized vs +8.74%. Past performance does not guarantee future results.

Risk: Volatility and Drawdowns

PTLC has been the more volatile fund, with annualized monthly volatility of 65542.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -100.0% for PTLC and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at -0.06. They move independently enough that combining them can meaningfully diversify a portfolio.

Fees and Cost Over Time

PTLC charges 0.60% per year while SPY charges 0.09%. On a $10,000 position that is $60 vs $9 annually, a gap of $51 per year that compounds over a long holding period. On income, PTLC currently yields 1.01% against 1.01% for SPY.

Holdings Overlap

98.2%overlap

PTLC and SPY share 485 holdings out of 511 unique holdings combined, representing a 98.2% weight overlap.

High overlap means holding both may not provide much additional diversification.

Top Shared Holdings

StockWeight in PTLCWeight in SPYDifference
NVDA7.33%7.31%0.02%
AAPL7.04%7.09%0.05%
MSFT4.50%4.43%0.07%
AMZNProProPro
GOOGLProProPro
AVGOProProPro
GOOGProProPro
METAProProPro
TSLAProProPro
MUProProPro
See all 10 holdings PTLC shares with SPY
Exact weights in each fund and the difference, for every overlapping position.
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Frequently Asked Questions

Which is cheaper, PTLC or SPY?

PTLC has an expense ratio of 0.60% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $51 per year of difference.

Which performed better, PTLC or SPY?

Over the past year PTLC returned +12.30% vs +19.50% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (21 years), PTLC annualized +36.83% vs +8.74% for SPY. Past performance does not guarantee future results.

Which is riskier, PTLC or SPY?

PTLC has been the more volatile fund at 65542.9% annualized versus 15.3% for SPY. Worst drawdown: PTLC -100.0% vs SPY -56.5%.

Should I hold both PTLC and SPY?

PTLC and SPY have a monthly-return correlation of -0.06, so combining them can provide real diversification depending on your allocation goals.

What is the holdings overlap between PTLC and SPY?

PTLC and SPY share 485 common holdings with a 98.2% weight overlap. Combined, they hold 511 unique securities.

Which pays a higher dividend, PTLC or SPY?

PTLC yields 1.01% while SPY yields 1.01%, so PTLC currently pays the higher dividend yield.

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