DMAY vs. PSCX

Last updated Jun 4, 2026

DMAY (FT Cboe Vest U.S. Equity Deep Buffer ETF - May) and PSCX (Pacer Swan SOS Conservative (December) ETF) are both Large Cap Blend Equities funds. DMAY is passively managed, while PSCX is actively managed. Over the past 5 years, DMAY returned 7.16%/yr vs 8.46%/yr for PSCX. Their correlation of 0.84 suggests significant overlap in exposure. DMAY charges 0.85%/yr vs 0.75%/yr for PSCX.

Performance

DMAY vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) 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, DMAY achieves a 4.42% return, which is significantly lower than PSCX's 5.11% return.

DMAY

• 1D: -0.30%
• 1M: 1.30%
• YTD: 4.42%
• 6M: 5.19%
• 1Y: 12.37%
• 3Y*: 11.96%
• 5Y*: 7.16%
• 10Y*: —

PSCX

• 1D: -0.12%
• 1M: 2.00%
• YTD: 5.11%
• 6M: 5.98%
• 1Y: 15.49%
• 3Y*: 12.85%
• 5Y*: 8.46%
• 10Y*: —

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

DMAY vs. PSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
DMAY FT Cboe Vest U.S. Equity Deep Buffer ETF - May	4.42%	11.05%	12.82%	15.40%	-9.98%	6.14%	0.23%
PSCX Pacer Swan SOS Conservative (December) ETF	5.11%	12.08%	13.27%	16.57%	-7.35%	9.03%	0.81%

Correlation

The correlation between DMAY and PSCX is 0.88, 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	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.86
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020	0.84

The correlation between DMAY and PSCX has been stable across timeframes, ranging from 0.84 to 0.88 - a consistent structural relationship.

DMAY vs. PSCX - Sectors Allocation Comparison

Sectors	DMAY	PSCX
Technology	36.2%	33.2%
Financial Services	11.9%	12.5%
Communication Services	10.9%	10.3%
Consumer Cyclical	10.1%	10.0%
Healthcare	8.4%	9.6%
Industrials	8.1%	8.4%
Consumer Defensive	4.9%	5.4%
Energy	3.5%	4.2%
Utilities	2.3%	2.6%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.9%

Return for Risk

DMAY vs. PSCX — Risk / Return Rank

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

DMAY

DMAY Risk / Return Rank: 85
DMAY Sharpe Ratio Rank: 82
DMAY Sortino Ratio Rank: 88
DMAY Omega Ratio Rank: 91
DMAY Calmar Ratio Rank: 75
DMAY Martin Ratio Rank: 92

PSCX

PSCX Risk / Return Rank: 85
PSCX Sharpe Ratio Rank: 85
PSCX Sortino Ratio Rank: 90
PSCX Omega Ratio Rank: 90
PSCX Calmar Ratio Rank: 74
PSCX Martin Ratio Rank: 87

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.

DMAY vs. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) 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.

	DMAY	PSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.65	2.82	-0.16
Sortino ratio: Return per unit of downside risk	4.00	4.22	-0.22
Omega ratio: Gain probability vs. loss probability	1.60	1.58	+0.02
Calmar ratio: Return relative to maximum drawdown	3.73	3.70	+0.03
Martin ratio: Return relative to average drawdown	22.76	18.94	+3.82
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DMAY vs. PSCX - Sharpe Ratio Comparison

The current DMAY Sharpe Ratio is 2.65, which is comparable to the PSCX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of DMAY 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.

Sharpe Ratios by Period

	DMAY	PSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.65	2.82	-0.16
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.80	1.20	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.88	1.27	-0.40

Drawdowns

DMAY vs. PSCX - Drawdown Comparison

The maximum DMAY drawdown since its inception was -13.90%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for DMAY and PSCX.

Drawdown Indicators

	DMAY	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-13.90%	-10.20%	-3.70%
Max Drawdown (1Y) Largest decline over 1 year	-3.36%	-4.20%	+0.84%
Max Drawdown (3Y) Largest decline over 3 years	-12.38%	-9.61%	-2.77%
Max Drawdown (5Y) Largest decline over 5 years	-13.90%	-10.20%	-3.70%
Current Drawdown Current decline from peak	-0.30%	-0.12%	-0.18%
Average Drawdown Average peak-to-trough decline	-2.24%	-1.87%	-0.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.55%	0.82%	-0.27%

Volatility

DMAY vs. PSCX - Volatility Comparison

The current volatility for FT Cboe Vest U.S. Equity Deep Buffer ETF - May (DMAY) is 0.84%, while Pacer Swan SOS Conservative (December) ETF (PSCX) has a volatility of 0.89%. This indicates that DMAY experiences smaller price fluctuations and is considered to be less risky than PSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DMAY	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.84%	0.89%	-0.05%
Volatility (6M) Calculated over the trailing 6-month period	3.74%	4.21%	-0.47%
Volatility (1Y) Calculated over the trailing 1-year period	4.73%	5.53%	-0.80%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.02%	7.07%	+1.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.43%	6.96%	+1.47%

DMAY vs. PSCX - Expense Ratio Comparison

DMAY has a 0.85% expense ratio, which is higher than PSCX's 0.75% expense ratio.

Dividends

DMAY vs. PSCX - Dividend Comparison

Neither DMAY nor PSCX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both DMAY and PSCX in my portfolio?

DMAY and PSCX have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DMAY or PSCX?

PSCX has higher volatility (0.89%) compared to DMAY (0.84%). In terms of maximum drawdown, DMAY dropped -13.90% vs PSCX's -10.20%.

Which ETF is better, DMAY or PSCX?

On 5-year performance, PSCX leads with 8.46% vs 7.16% for DMAY. On fees, PSCX is cheaper at 0.75% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DMAY or PSCX?

Over the 5-year period, PSCX has performed better with a 8.46% return vs 7.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DMAY or PSCX?

PSCX is cheaper with a 0.75% expense ratio, compared with 0.85% for DMAY.

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

DMAY and PSCX have nearly identical dividend yields, around 0.00%.

What is the main difference between DMAY and PSCX?

They also come from different issuers: First Trust and Pacer. Their fees differ too: 0.85% for DMAY and 0.75% for PSCX.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.82 vs 2.65), 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.