EQWL vs. PSCX

Last updated Jun 4, 2026

EQWL (Invesco S&P 100 Equal Weight ETF) and PSCX (Pacer Swan SOS Conservative (December) ETF) are both Large Cap Blend Equities funds. EQWL is passively managed, while PSCX is actively managed. Over the past 5 years, EQWL returned 11.79%/yr vs 8.46%/yr for PSCX. Their correlation of 0.81 suggests significant overlap in exposure. EQWL charges 0.25%/yr vs 0.75%/yr for PSCX.

Performance

EQWL vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P 100 Equal Weight ETF (EQWL) 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, EQWL achieves a 8.74% return, which is significantly higher than PSCX's 5.11% return.

EQWL

• 1D: -0.50%
• 1M: 4.84%
• YTD: 8.74%
• 6M: 9.31%
• 1Y: 21.89%
• 3Y*: 19.67%
• 5Y*: 11.79%
• 10Y*: 14.47%

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)

EQWL vs. PSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
EQWL Invesco S&P 100 Equal Weight ETF	8.74%	17.61%	19.11%	19.48%	-11.46%	28.29%	1.35%
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 EQWL and PSCX is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020	0.81

The correlation between EQWL and PSCX has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

EQWL vs. PSCX - Sectors Allocation Comparison

Sectors	EQWL	PSCX
Technology	22.8%	33.2%
Financial Services	15.6%	12.5%
Healthcare	14.0%	9.6%
Industrials	13.7%	8.4%
Consumer Defensive	8.9%	5.4%
Consumer Cyclical	8.5%	10.0%
Communication Services	7.6%	10.3%
Energy	3.0%	4.2%
Utilities	3.0%	2.6%
Real Estate	2.0%	2.0%
Basic Materials	1.0%	1.9%

Return for Risk

EQWL vs. PSCX — Risk / Return Rank

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

EQWL

EQWL Risk / Return Rank: 61
EQWL Sharpe Ratio Rank: 62
EQWL Sortino Ratio Rank: 63
EQWL Omega Ratio Rank: 60
EQWL Calmar Ratio Rank: 56
EQWL Martin Ratio Rank: 64

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.

EQWL vs. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 100 Equal Weight ETF (EQWL) 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.

	EQWL	PSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.82	-0.69
Sortino ratio: Return per unit of downside risk	2.99	4.22	-1.23
Omega ratio: Gain probability vs. loss probability	1.38	1.58	-0.20
Calmar ratio: Return relative to maximum drawdown	2.83	3.70	-0.87
Martin ratio: Return relative to average drawdown	11.94	18.94	-7.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

EQWL vs. PSCX - Sharpe Ratio Comparison

The current EQWL Sharpe Ratio is 2.12, which is comparable to the PSCX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of EQWL 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

	EQWL	PSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.82	-0.69
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.79	1.20	-0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.86	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	1.27	-0.68

Drawdowns

EQWL vs. PSCX - Drawdown Comparison

The maximum EQWL drawdown since its inception was -49.36%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for EQWL and PSCX.

Drawdown Indicators

	EQWL	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-49.36%	-10.20%	-39.16%
Max Drawdown (1Y) Largest decline over 1 year	-7.76%	-4.20%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.95%	-9.61%	-5.34%
Max Drawdown (5Y) Largest decline over 5 years	-22.99%	-10.20%	-12.79%
Max Drawdown (10Y) Largest decline over 10 years	-34.30%	—	—
Current Drawdown Current decline from peak	-0.53%	-0.12%	-0.41%
Average Drawdown Average peak-to-trough decline	-6.70%	-1.87%	-4.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.84%	0.82%	+1.02%

Volatility

EQWL vs. PSCX - Volatility Comparison

Invesco S&P 100 Equal Weight ETF (EQWL) has a higher volatility of 2.66% compared to Pacer Swan SOS Conservative (December) ETF (PSCX) at 0.89%. This indicates that EQWL'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

	EQWL	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.66%	0.89%	+1.77%
Volatility (6M) Calculated over the trailing 6-month period	7.66%	4.21%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	10.37%	5.53%	+4.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.98%	7.07%	+7.91%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.79%	6.96%	+9.83%

EQWL vs. PSCX - Expense Ratio Comparison

EQWL has a 0.25% expense ratio, which is lower than PSCX's 0.75% expense ratio.

Dividends

EQWL vs. PSCX - Dividend Comparison

EQWL's dividend yield for the trailing twelve months is around 1.54%, while PSCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EQWL Invesco S&P 100 Equal Weight ETF	1.54%	1.67%	1.86%	1.97%	2.12%	1.65%	2.01%	2.04%	2.23%	1.27%	2.01%	2.03%
PSCX Pacer Swan SOS Conservative (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EQWL and PSCX in my portfolio?

EQWL and PSCX have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EQWL or PSCX?

EQWL has higher volatility (2.66%) compared to PSCX (0.89%). In terms of maximum drawdown, EQWL dropped -49.36% vs PSCX's -10.20%.

Which ETF is better, EQWL or PSCX?

On 5-year performance, EQWL leads with 11.79% vs 8.46% for PSCX. On fees, EQWL is cheaper at 0.25% per year. On volatility, PSCX has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EQWL or PSCX?

Over the 5-year period, EQWL has performed better with a 11.79% return vs 8.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EQWL or PSCX?

EQWL is cheaper with a 0.25% expense ratio, compared with 0.75% for PSCX.

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

EQWL has the higher dividend yield at 1.54%, compared with 0.00% for PSCX.

What is the main difference between EQWL and PSCX?

They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.25% for EQWL and 0.75% for PSCX.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.82 vs 2.12), 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.