ADPV vs. PSMD

Last updated Jun 4, 2026

ADPV (Adaptiv Select ETF) and PSMD (Pacer Swan SOS Moderate (December) ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past 3 years, ADPV returned 27.04%/yr vs 12.73%/yr for PSMD. A 0.56 correlation means they provide meaningful diversification when combined. ADPV charges 1.00%/yr vs 0.75%/yr for PSMD.

Performance

ADPV vs. PSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptiv Select ETF (ADPV) and Pacer Swan SOS Moderate (December) ETF (PSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ADPV achieves a 10.73% return, which is significantly higher than PSMD's 5.54% return.

ADPV

• 1D: 0.06%
• 1M: 6.65%
• YTD: 10.73%
• 6M: 11.05%
• 1Y: 39.30%
• 3Y*: 27.04%
• 5Y*: —
• 10Y*: —

PSMD

• 1D: -0.11%
• 1M: 2.03%
• YTD: 5.54%
• 6M: 6.22%
• 1Y: 15.08%
• 3Y*: 12.73%
• 5Y*: 9.26%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADPV vs. PSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ADPV Adaptiv Select ETF	10.73%	21.19%	43.88%	-0.62%	0.57%
PSMD Pacer Swan SOS Moderate (December) ETF	5.54%	11.45%	12.78%	17.46%	3.61%

Correlation

The correlation between ADPV and PSMD is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (All Time) Calculated using the full available price history since Nov 7, 2022	0.56

The correlation between ADPV and PSMD has been stable across timeframes, ranging from 0.55 to 0.58 - a consistent structural relationship.

Return for Risk

ADPV vs. PSMD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADPV

ADPV Risk / Return Rank: 47
ADPV Sharpe Ratio Rank: 46
ADPV Sortino Ratio Rank: 43
ADPV Omega Ratio Rank: 43
ADPV Calmar Ratio Rank: 56
ADPV Martin Ratio Rank: 50

PSMD

PSMD Risk / Return Rank: 83
PSMD Sharpe Ratio Rank: 83
PSMD Sortino Ratio Rank: 88
PSMD Omega Ratio Rank: 89
PSMD Calmar Ratio Rank: 69
PSMD Martin Ratio Rank: 86

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADPV vs. PSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptiv Select ETF (ADPV) and Pacer Swan SOS Moderate (December) ETF (PSMD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADPV	PSMD	Difference
Sharpe ratio: Return per unit of total volatility	1.64	2.70	-1.06
Sortino ratio: Return per unit of downside risk	2.19	4.00	-1.81
Omega ratio: Gain probability vs. loss probability	1.28	1.56	-0.28
Calmar ratio: Return relative to maximum drawdown	2.84	3.43	-0.58
Martin ratio: Return relative to average drawdown	8.42	18.22	-9.79
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADPV vs. PSMD - Sharpe Ratio Comparison

The current ADPV Sharpe Ratio is 1.64, which is lower than the PSMD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of ADPV and PSMD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ADPV	PSMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.64	2.70	-1.06
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.98	1.17	-0.20

Drawdowns

ADPV vs. PSMD - Drawdown Comparison

The maximum ADPV drawdown since its inception was -22.30%, which is greater than PSMD's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for ADPV and PSMD.

Drawdown Indicators

	ADPV	PSMD	Difference
Max Drawdown Largest peak-to-trough decline	-22.30%	-11.96%	-10.34%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-4.42%	-9.46%
Max Drawdown (3Y) Largest decline over 3 years	-22.30%	-10.70%	-11.60%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	0.00%	-0.12%	+0.12%
Average Drawdown Average peak-to-trough decline	-5.47%	-1.66%	-3.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	0.83%	+3.85%

Volatility

ADPV vs. PSMD - Volatility Comparison

Adaptiv Select ETF (ADPV) has a higher volatility of 5.94% compared to Pacer Swan SOS Moderate (December) ETF (PSMD) at 0.85%. This indicates that ADPV's price experiences larger fluctuations and is considered to be riskier than PSMD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADPV	PSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.94%	0.85%	+5.09%
Volatility (6M) Calculated over the trailing 6-month period	16.94%	4.42%	+12.52%
Volatility (1Y) Calculated over the trailing 1-year period	24.10%	5.62%	+18.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.84%	8.60%	+12.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.84%	8.47%	+12.37%

ADPV vs. PSMD - Expense Ratio Comparison

ADPV has a 1.00% expense ratio, which is higher than PSMD's 0.75% expense ratio.

Dividends

ADPV vs. PSMD - Dividend Comparison

ADPV's dividend yield for the trailing twelve months is around 0.63%, while PSMD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
ADPV Adaptiv Select ETF	0.63%	0.70%	0.67%	0.22%	0.25%	0.00%
PSMD Pacer Swan SOS Moderate (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%

Frequently Asked Questions

Can I hold both ADPV and PSMD in my portfolio?

ADPV and PSMD have a correlation of 0.55, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, ADPV or PSMD?

ADPV has higher volatility (5.94%) compared to PSMD (0.85%). In terms of maximum drawdown, ADPV dropped -22.30% vs PSMD's -11.96%.

Which ETF is better, ADPV or PSMD?

On 3-year performance, ADPV leads with 27.04% vs 12.73% for PSMD. On fees, PSMD is cheaper at 0.75% per year. On volatility, PSMD has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, ADPV or PSMD?

Over the 3-year period, ADPV has performed better with a 27.04% return vs 12.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, ADPV or PSMD?

PSMD is cheaper with a 0.75% expense ratio, compared with 1.00% for ADPV.

Which ETF pays a higher dividend yield, ADPV or PSMD?

ADPV has the higher dividend yield at 0.63%, compared with 0.00% for PSMD.

What is the main difference between ADPV and PSMD?

They also come from different issuers: Adaptiv and Pacer. Their fees differ too: 1.00% for ADPV and 0.75% for PSMD.

Which has better risk-adjusted returns?

PSMD currently has the higher Sharpe Ratio (2.70 vs 1.64), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.