DDFL vs. PSMR
DDFL (Innovator Equity Dual Directional 15 Buffer ETF - July) and PSMR (Pacer Swan SOS Moderate (April) ETF) are both Defined Outcome funds. Both are actively managed. A 0.65 correlation means they provide meaningful diversification when combined. DDFL charges 0.79%/yr vs 0.61%/yr for PSMR.
Performance
DDFL vs. PSMR - Performance Comparison
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Returns By Period
In the year-to-date period, DDFL achieves a 2.83% return, which is significantly lower than PSMR's 7.84% return.
DDFL
- 1D
- 0.02%
- 1M
- 0.67%
- YTD
- 2.83%
- 6M
- 3.63%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSMR
- 1D
- 0.15%
- 1M
- 1.38%
- YTD
- 7.84%
- 6M
- 8.66%
- 1Y
- 15.03%
- 3Y*
- 11.89%
- 5Y*
- 8.55%
- 10Y*
- —
DDFL vs. PSMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
DDFL Innovator Equity Dual Directional 15 Buffer ETF - July | 2.83% | 4.76% |
PSMR Pacer Swan SOS Moderate (April) ETF | 7.84% | 4.88% |
Correlation
The correlation between DDFL and PSMR is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 2, 2025 | 0.65 |
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Return for Risk
DDFL vs. PSMR — Risk / Return Rank
DDFL
PSMR
DDFL vs. PSMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Dual Directional 15 Buffer ETF - July (DDFL) and Pacer Swan SOS Moderate (April) ETF (PSMR). 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| DDFL | PSMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 4.28 | — |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.01 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.59 | 1.06 | +1.53 |
Drawdowns
DDFL vs. PSMR - Drawdown Comparison
The maximum DDFL drawdown since its inception was -1.63%, smaller than the maximum PSMR drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for DDFL and PSMR.
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Drawdown Indicators
| DDFL | PSMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.63% | -11.78% | +10.15% |
Max Drawdown (1Y)Largest decline over 1 year | — | -0.99% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -11.78% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.78% | — |
Current DrawdownCurrent decline from peak | -0.02% | -0.01% | -0.01% |
Average DrawdownAverage peak-to-trough decline | -0.19% | -1.66% | +1.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 0.20% | — |
Volatility
DDFL vs. PSMR - Volatility Comparison
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Volatility by Period
| DDFL | PSMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 0.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.46% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 3.25% | 3.53% | -0.28% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.25% | 8.48% | -5.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.25% | 8.41% | -5.16% |
DDFL vs. PSMR - Expense Ratio Comparison
DDFL has a 0.79% expense ratio, which is higher than PSMR's 0.61% expense ratio.
Dividends
DDFL vs. PSMR - Dividend Comparison
Neither DDFL nor PSMR has paid dividends to shareholders.
Frequently Asked Questions
DDFL and PSMR have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSMR is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSMR is cheaper with a 0.61% expense ratio, compared with 0.79% for DDFL.
DDFL and PSMR have nearly identical dividend yields, around 0.00%.
They also come from different issuers: Innovator and Pacer. Their fees differ too: 0.79% for DDFL and 0.61% for PSMR.
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