PWZ vs PTNQ

Comparison between INVESCO CALIFORNIA AMT-FREE MUNICIPAL BOND ETF (PWZ, ETF) and PACER TRENDPILOT 100 ETF (PTNQ, ETF).

5-Year PerformancePTNQ has outperformed PWZ, delivering a return of +10.9% compared to +0.1%

PWZ vs PTNQ - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PWZ(ETF)	PTNQ(ETF)
Net Assets	$1.10B	$1.10B
Expense Ratio	0.28%	0.65%
Max Drawdown	24.70%	28.07%
Sharpe Ratio	0.78	1.46
5Y Beta	0.11	0.61
P/E Ratio	N/A	36.55
Forward P/E	N/A	24.29
PEG Ratio	N/A	0.45
5Y Dividends CAGR	5.92%	52.84%
5Y EPS CAGR	N/A	30.70%
Debt to Equity	N/A	35.81%
P/S Ratio	N/A	5.64
P/B Ratio	N/A	8.85

Net Assets

PWZ

$1.10B

PTNQ

$1.10B

Expense Ratio

Winner

PWZ

0.28%

PTNQ

0.65%

Max Drawdown

Winner

PWZ

24.70%

PTNQ

28.07%

Sharpe Ratio

PWZ

0.78

Winner

PTNQ

1.46

5Y Beta

Winner

PWZ

0.11

PTNQ

0.61

P/E Ratio

PWZ

N/A

PTNQ

36.55

Forward P/E

PWZ

N/A

PTNQ

24.29

PEG Ratio

PWZ

N/A

PTNQ

0.45

5Y Dividends CAGR

PWZ

5.92%

Winner

PTNQ

52.84%

5Y EPS CAGR

PWZ

N/A

PTNQ

30.70%

Debt to Equity

PWZ

N/A

PTNQ

35.81%

P/S Ratio

PWZ

N/A

PTNQ

5.64

P/B Ratio

PWZ

N/A

PTNQ

8.85

PWZ vs PTNQ - Historical Returns

Returns include dividend reinvestment.

Period	PWZ	PTNQ
1 month	+0.65%	+14.61%
3 months	+0.79%	+8.90%
6 months	+1.95%	+9.80%
1 year	+7.35%	+28.36%
5 years(CAGR)	+0.10%	+10.86%
10 years(CAGR)	+1.88%	+15.70%
Max(CAGR)	+3.23%	+12.74%

PWZ

+0.65%

Winner

PTNQ

+14.61%

PWZ

+0.79%

Winner

PTNQ

+8.90%

PWZ

+1.95%

Winner

PTNQ

+9.80%

PWZ

+7.35%

Winner

PTNQ

+28.36%

5Y(CAGR)

PWZ

+0.10%

Winner

PTNQ

+10.86%

10Y(CAGR)

PWZ

+1.88%

Winner

PTNQ

+15.70%

Max(CAGR)

PWZ

+3.23%

Winner

PTNQ

+12.74%

PWZ vs PTNQ - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PWZ	PTNQ
2026	+1.57%	+9.13%
2025	+1.55%	+7.27%
2024	+2.03%	+16.30%
2023	+6.20%	+35.50%
2022	-11.22%	-16.59%
2021	+1.80%	+14.46%
2020	+4.94%	+27.22%
2019	+8.51%	+23.91%
2018	+0.63%	+6.81%
2017	+6.56%	+31.40%
2016	+0.51%	-1.66%
2015	+3.23%	-3.30%
2014	+15.24%	N/A
2013	-4.57%	N/A
2012	+8.85%	N/A
2011	+12.31%	N/A
2010	+0.40%	N/A
2009	+14.61%	N/A
2008	-10.62%	N/A
2007	+0.63%	N/A

PWZ vs PTNQ Drawdown Comparison

The maximum drawdown for PWZ was -21.49%, occurring on Dec 16, 2008. Recovery took 414 trading sessions.

The maximum drawdown for PTNQ was -28.07%, occurring on Mar 16, 2020. Recovery took 98 trading sessions.

The current PWZ drawdown is -1.21%.

Rank	PWZ	PTNQ
#1	-21.49% Jan 15, 2008 - Sep 4, 2009	-28.07% Feb 19, 2020 - Jul 9, 2020
#2	-17.56% Jul 19, 2021 - Oct 24, 2022	-24.01% Jul 21, 2015 - Apr 24, 2017
#3	-13.10% Mar 9, 2020 - Aug 11, 2020	-18.47% Nov 19, 2021 - May 26, 2023
#4	-11.55% Sep 29, 2010 - Aug 4, 2011	-14.19% Feb 19, 2025 - Sep 18, 2025
#5	-11.26% May 2, 2013 - Apr 11, 2014	-12.95% Sep 2, 2020 - Jan 8, 2021
#6	-7.29% Jul 7, 2016 - Aug 30, 2017	-12.31% Aug 29, 2018 - Apr 23, 2019
#7	-4.89% Oct 5, 2009 - Apr 30, 2010	-11.76% Oct 29, 2025 - May 5, 2026
#8	-3.28% Feb 2, 2015 - Nov 18, 2015	-10.83% May 3, 2019 - Jul 3, 2019
#9	-3.02% Dec 6, 2017 - Dec 28, 2018	-10.58% Mar 12, 2018 - Jun 4, 2018
#10	-2.81% Feb 11, 2021 - Jun 3, 2021	-9.98% Jan 26, 2018 - Mar 9, 2018
#11	-2.24% Aug 11, 2020 - Nov 20, 2020	-7.59% Jul 26, 2019 - Oct 25, 2019
#12	-2.20% Oct 22, 2007 - Jan 8, 2008	-7.55% Jul 10, 2024 - Oct 29, 2024
#13	-2.04% Sep 22, 2011 - Dec 12, 2011	-6.01% Feb 12, 2021 - Apr 9, 2021
#14	-1.99% Nov 28, 2012 - May 1, 2013	-5.07% Jul 19, 2023 - Nov 14, 2023
#15	-1.81% Aug 28, 2019 - Jan 6, 2020	-4.82% Jun 8, 2017 - Jul 19, 2017

Correlation

Correlation between PWZ and PTNQ is 0.78 which considered as a strong positive correlation - the stocks tend to move together.

0.78

-101

Dividend Comparison (2007 - 2026)

PWZ vs PTNQ dividend yield comparison.

Year	PWZ	PTNQ
2026	1.27%	0.00%
2025	3.41%	0.88%
2024	3.28%	1.96%
2023	2.85%	1.47%
2022	2.49%	0.62%
2021	2.28%	0.00%
2020	2.34%	0.16%
2019	2.51%	0.44%
2018	2.53%	0.45%
2017	2.48%	0.32%
2016	2.86%	0.30%
2015	3.16%	0.22%
2014	3.80%	0.00%
2013	3.97%	0.00%
2012	3.94%	0.00%
2011	4.29%	0.00%
2010	4.74%	0.00%
2009	4.65%	0.00%
2008	4.88%	0.00%
2007	0.94%	0.00%