ESMV vs. PSMD
ESMV (iShares ESG MSCI USA Min Vol Factor ETF) and PSMD (Pacer Swan SOS Moderate (December) ETF) are both Large Cap Blend Equities funds. ESMV is passively managed, while PSMD is actively managed. Over the past 3 years, ESMV returned 11.27%/yr vs 12.73%/yr for PSMD. A 0.72 correlation means they provide meaningful diversification when combined. ESMV charges 0.18%/yr vs 0.75%/yr for PSMD.
Performance
ESMV vs. PSMD - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ESMV having a 5.28% return and PSMD slightly higher at 5.54%.
ESMV
- 1D
- -0.78%
- 1M
- 3.36%
- YTD
- 5.28%
- 6M
- 5.39%
- 1Y
- 6.76%
- 3Y*
- 11.27%
- 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*
- —
ESMV vs. PSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 5.28% | 5.34% | 13.06% | 12.20% | -11.08% | 3.20% |
PSMD Pacer Swan SOS Moderate (December) ETF | 5.54% | 11.45% | 12.78% | 17.46% | -4.47% | 1.53% |
Correlation
The correlation between ESMV and PSMD is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Nov 5, 2021 | 0.72 |
The correlation between ESMV and PSMD shifts across timeframes, from 0.60 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ESMV vs. PSMD — Risk / Return Rank
ESMV
PSMD
ESMV vs. PSMD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares ESG MSCI USA Min Vol Factor ETF (ESMV) 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.
| ESMV | PSMD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.02 | ||
| Sortino ratioReturn per unit of downside risk | -3.00 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.56 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | 0.97 | 3.43 | -2.46 |
| Martin ratioReturn relative to average drawdown | 2.97 | 18.22 | -15.24 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ESMV | PSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.67 | 2.70 | -2.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 1.08 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 1.17 | -0.74 |
Drawdowns
ESMV vs. PSMD - Drawdown Comparison
The maximum ESMV drawdown since its inception was -19.77%, which is greater than PSMD's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for ESMV and PSMD.
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Drawdown Indicators
| ESMV | PSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.77% | -11.96% | -7.81% |
Max Drawdown (1Y)Largest decline over 1 year | -7.01% | -4.42% | -2.59% |
Max Drawdown (3Y)Largest decline over 3 years | -12.16% | -10.70% | -1.46% |
Max Drawdown (5Y)Largest decline over 5 years | — | -11.96% | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.12% | -0.66% |
Average DrawdownAverage peak-to-trough decline | -5.33% | -1.66% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.28% | 0.83% | +1.45% |
Volatility
ESMV vs. PSMD - Volatility Comparison
iShares ESG MSCI USA Min Vol Factor ETF (ESMV) has a higher volatility of 2.25% compared to Pacer Swan SOS Moderate (December) ETF (PSMD) at 0.85%. This indicates that ESMV'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.
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Volatility by Period
| ESMV | PSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 0.85% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.26% | 4.42% | +1.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.06% | 5.62% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.24% | 8.60% | +4.64% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.24% | 8.47% | +4.77% |
ESMV vs. PSMD - Expense Ratio Comparison
ESMV has a 0.18% expense ratio, which is lower than PSMD's 0.75% expense ratio.
Dividends
ESMV vs. PSMD - Dividend Comparison
ESMV's dividend yield for the trailing twelve months is around 1.58%, while PSMD has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
ESMV iShares ESG MSCI USA Min Vol Factor ETF | 1.58% | 1.56% | 1.71% | 1.75% | 1.66% | 0.24% |
PSMD Pacer Swan SOS Moderate (December) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.47% |
Frequently Asked Questions
ESMV and PSMD have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ESMV has higher volatility (2.25%) compared to PSMD (0.85%). In terms of maximum drawdown, ESMV dropped -19.77% vs PSMD's -11.96%.
On 3-year performance, PSMD leads with 12.73% vs 11.27% for ESMV. On fees, ESMV is cheaper at 0.18% 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.
Over the 3-year period, PSMD has performed better with a 12.73% return vs 11.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ESMV is cheaper with a 0.18% expense ratio, compared with 0.75% for PSMD.
ESMV has the higher dividend yield at 1.58%, compared with 0.00% for PSMD.
They also come from different issuers: iShares and Pacer. Their fees differ too: 0.18% for ESMV and 0.75% for PSMD.
PSMD currently has the higher Sharpe Ratio (2.70 vs 0.67), 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.
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