CVLC vs. PSCX

Last updated Jun 24, 2026

CVLC (Calvert US Large-Cap Core Responsible Index ETF) and PSCX (Pacer Swan SOS Conservative (December) ETF) are both Large Cap Blend Equities funds. CVLC is passively managed, while PSCX is actively managed. Over the past 3 years, CVLC returned 20.91%/yr vs 12.23%/yr for PSCX. Their correlation of 0.91 suggests significant overlap in exposure. CVLC charges 0.15%/yr vs 0.75%/yr for PSCX.

Performance

CVLC vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Calvert US Large-Cap Core Responsible Index ETF (CVLC) and Pacer Swan SOS Conservative (December) ETF (PSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, CVLC achieves a 10.46% return, which is significantly higher than PSCX's 4.46% return.

CVLC

• 1D: -1.42%
• 1M: 0.19%
• YTD: 10.46%
• 6M: 9.54%
• 1Y: 26.31%
• 3Y*: 20.91%
• 5Y*: —
• 10Y*: —

PSCX

• 1D: -0.49%
• 1M: -0.08%
• YTD: 4.46%
• 6M: 4.60%
• 1Y: 14.18%
• 3Y*: 12.23%
• 5Y*: 8.22%
• 10Y*: —

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

CVLC vs. PSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
CVLC Calvert US Large-Cap Core Responsible Index ETF	10.46%	16.13%	24.20%	19.04%
PSCX Pacer Swan SOS Conservative (December) ETF	4.46%	12.08%	13.27%	12.07%

Correlation

The correlation between CVLC and PSCX is 0.90, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.90
Correlation (3Y) Calculated over the trailing 3-year period	0.90
Correlation (All Time) Calculated using the full available price history since Feb 1, 2023	0.91

The correlation between CVLC and PSCX has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.

CVLC vs. PSCX - Sectors Allocation Comparison

Sectors	CVLC	PSCX
Technology	39.8%	33.2%
Financial Services	12.0%	12.5%
Industrials	10.2%	8.4%
Healthcare	9.2%	9.6%
Consumer Cyclical	8.8%	10.0%
Communication Services	8.7%	10.3%
Consumer Defensive	4.6%	5.4%
Real Estate	2.7%	2.0%
Basic Materials	2.0%	1.9%
Utilities	1.7%	2.6%
Energy	0.4%	4.2%

Return for Risk

CVLC vs. PSCX — Risk / Return Rank

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

CVLC

CVLC Risk / Return Rank: 66
CVLC Sharpe Ratio Rank: 67
CVLC Sortino Ratio Rank: 65
CVLC Omega Ratio Rank: 64
CVLC Calmar Ratio Rank: 60
CVLC Martin Ratio Rank: 71

PSCX

PSCX Risk / Return Rank: 84
PSCX Sharpe Ratio Rank: 85
PSCX Sortino Ratio Rank: 89
PSCX Omega Ratio Rank: 88
PSCX Calmar Ratio Rank: 72
PSCX 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.

CVLC vs. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Calvert US Large-Cap Core Responsible Index ETF (CVLC) and Pacer Swan SOS Conservative (December) ETF (PSCX). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	CVLC	PSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.02	2.53	-0.51
Sortino ratio: Return per unit of downside risk	2.79	3.75	-0.96
Omega ratio: Gain probability vs. loss probability	1.36	1.51	-0.15
Calmar ratio: Return relative to maximum drawdown	2.75	3.39	-0.64
Martin ratio: Return relative to average drawdown	12.34	17.03	-4.69

CVLC vs. PSCX - Sharpe Ratio Comparison

The current CVLC Sharpe Ratio is 2.02, which is comparable to the PSCX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of CVLC and PSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

CVLC vs. PSCX - Drawdown Comparison

The maximum CVLC drawdown since its inception was -19.92%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for CVLC and PSCX.

Drawdown Indicators

	CVLC	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-19.92%	-10.20%	-9.72%
Max Drawdown (1Y) Largest decline over 1 year	-9.61%	-4.20%	-5.41%
Max Drawdown (3Y) Largest decline over 3 years	-19.92%	-9.61%	-10.31%
Max Drawdown (5Y) Largest decline over 5 years	—	-10.20%	—
Current Drawdown Current decline from peak	-2.40%	-0.75%	-1.65%
Average Drawdown Average peak-to-trough decline	-2.40%	-1.85%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.14%	0.83%	+1.31%

Volatility

CVLC vs. PSCX - Volatility Comparison

Calvert US Large-Cap Core Responsible Index ETF (CVLC) has a higher volatility of 4.97% compared to Pacer Swan SOS Conservative (December) ETF (PSCX) at 1.79%. This indicates that CVLC's price experiences larger fluctuations and is considered to be riskier than PSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	CVLC	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.97%	1.79%	+3.18%
Volatility (6M) Calculated over the trailing 6-month period	10.51%	4.52%	+5.99%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	5.65%	+7.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.65%	7.11%	+8.54%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	6.97%	+8.68%

CVLC vs. PSCX - Expense Ratio Comparison

CVLC has a 0.15% expense ratio, which is lower than PSCX's 0.75% expense ratio.

Dividends

CVLC vs. PSCX - Dividend Comparison

CVLC's dividend yield for the trailing twelve months is around 0.93%, while PSCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
CVLC Calvert US Large-Cap Core Responsible Index ETF	0.93%	1.02%	1.03%	0.91%
PSCX Pacer Swan SOS Conservative (December) ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both CVLC and PSCX in my portfolio?

With a correlation of 0.90, CVLC and PSCX move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, CVLC or PSCX?

CVLC has higher volatility (4.97%) compared to PSCX (1.79%). In terms of maximum drawdown, CVLC dropped -19.92% vs PSCX's -10.20%.

Which ETF is better, CVLC or PSCX?

On 3-year performance, CVLC leads with 20.91% vs 12.23% for PSCX. On fees, CVLC is cheaper at 0.15% per year. On volatility, PSCX has been the lower-risk option at 1.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, CVLC or PSCX?

Over the 3-year period, CVLC has performed better with a 20.91% return vs 12.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, CVLC or PSCX?

CVLC is cheaper with a 0.15% expense ratio, compared with 0.75% for PSCX.

Which ETF pays a higher dividend yield, CVLC or PSCX?

CVLC has the higher dividend yield at 0.93%, compared with 0.00% for PSCX.

What is the main difference between CVLC and PSCX?

They also come from different issuers: Calvert and Pacer. Their fees differ too: 0.15% for CVLC and 0.75% for PSCX.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.53 vs 2.02), 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.