CNAV vs. PSMD

Last updated Jun 4, 2026

CNAV (Mohr Company Nav ETF) and PSMD (Pacer Swan SOS Moderate (December) ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, CNAV returned 72.64% vs 15.08% for PSMD. A 0.69 correlation means they provide meaningful diversification when combined. CNAV charges 1.31%/yr vs 0.75%/yr for PSMD.

Performance

CNAV vs. PSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Mohr Company Nav ETF (CNAV) 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, CNAV achieves a 47.26% return, which is significantly higher than PSMD's 5.54% return.

CNAV

• 1D: 1.11%
• 1M: 21.60%
• YTD: 47.26%
• 6M: 48.02%
• 1Y: 72.64%
• 3Y*: —
• 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)

CNAV vs. PSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024
CNAV Mohr Company Nav ETF	47.26%	16.80%	6.34%
PSMD Pacer Swan SOS Moderate (December) ETF	5.54%	11.45%	2.26%

Correlation

The correlation between CNAV and PSMD is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.69

The correlation between CNAV and PSMD has been stable across timeframes, ranging from 0.68 to 0.69 - a consistent structural relationship.

Return for Risk

CNAV vs. PSMD — Risk / Return Rank

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

CNAV

CNAV Risk / Return Rank: 87
CNAV Sharpe Ratio Rank: 87
CNAV Sortino Ratio Rank: 81
CNAV Omega Ratio Rank: 81
CNAV Calmar Ratio Rank: 90
CNAV Martin Ratio Rank: 93

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.

CNAV vs. PSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Mohr Company Nav ETF (CNAV) 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.

	CNAV	PSMD	Difference
Sharpe ratio: Return per unit of total volatility	2.91	2.70	+0.22
Sortino ratio: Return per unit of downside risk	3.62	4.00	-0.38
Omega ratio: Gain probability vs. loss probability	1.48	1.56	-0.08
Calmar ratio: Return relative to maximum drawdown	5.63	3.43	+2.20
Martin ratio: Return relative to average drawdown	24.09	18.22	+5.87
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

CNAV vs. PSMD - Sharpe Ratio Comparison

The current CNAV Sharpe Ratio is 2.91, which is comparable to the PSMD Sharpe Ratio of 2.70. The chart below compares the historical Sharpe Ratios of CNAV 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

	CNAV	PSMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.91	2.70	+0.22
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.62	1.17	+0.44

Drawdowns

CNAV vs. PSMD - Drawdown Comparison

The maximum CNAV drawdown since its inception was -30.06%, which is greater than PSMD's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for CNAV and PSMD.

Drawdown Indicators

	CNAV	PSMD	Difference
Max Drawdown Largest peak-to-trough decline	-30.06%	-11.96%	-18.10%
Max Drawdown (1Y) Largest decline over 1 year	-12.97%	-4.42%	-8.55%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.70%	—
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	-5.42%	-1.66%	-3.76%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.02%	0.83%	+2.19%

Volatility

CNAV vs. PSMD - Volatility Comparison

Mohr Company Nav ETF (CNAV) has a higher volatility of 12.28% compared to Pacer Swan SOS Moderate (December) ETF (PSMD) at 0.85%. This indicates that CNAV'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

	CNAV	PSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	12.28%	0.85%	+11.43%
Volatility (6M) Calculated over the trailing 6-month period	21.02%	4.42%	+16.60%
Volatility (1Y) Calculated over the trailing 1-year period	25.08%	5.62%	+19.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.16%	8.60%	+18.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	8.47%	+18.69%

CNAV vs. PSMD - Expense Ratio Comparison

CNAV has a 1.31% expense ratio, which is higher than PSMD's 0.75% expense ratio.

Dividends

CNAV vs. PSMD - Dividend Comparison

Neither CNAV nor PSMD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
CNAV Mohr Company Nav ETF	0.00%	0.00%	0.00%	0.00%	0.00%	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 CNAV and PSMD in my portfolio?

CNAV and PSMD have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CNAV or PSMD?

CNAV has higher volatility (12.28%) compared to PSMD (0.85%). In terms of maximum drawdown, CNAV dropped -30.06% vs PSMD's -11.96%.

Which ETF is better, CNAV or PSMD?

On 1-year performance, CNAV leads with 72.64% vs 15.08% 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, CNAV or PSMD?

Over the 1-year period, CNAV has performed better with a 72.64% return vs 15.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CNAV or PSMD?

PSMD is cheaper with a 0.75% expense ratio, compared with 1.31% for CNAV.

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

CNAV and PSMD have nearly identical dividend yields, around 0.00%.

What is the main difference between CNAV and PSMD?

They also come from different issuers: Mohr and Pacer. Their fees differ too: 1.31% for CNAV and 0.75% for PSMD.

Which has better risk-adjusted returns?

CNAV currently has the higher Sharpe Ratio (2.91 vs 2.70), 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.