FELC vs. PSCX

Last updated Jun 24, 2026

FELC (Fidelity Enhanced Large Cap Core ETF) and PSCX (Pacer Swan SOS Conservative (December) ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, FELC returned 24.68% vs 14.18% for PSCX. Their correlation of 0.88 suggests significant overlap in exposure. FELC charges 0.18%/yr vs 0.75%/yr for PSCX.

Performance

FELC vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Enhanced Large Cap Core ETF (FELC) 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, FELC achieves a 8.65% return, which is significantly higher than PSCX's 4.46% return.

FELC

• 1D: -1.46%
• 1M: -0.92%
• YTD: 8.65%
• 6M: 7.63%
• 1Y: 24.68%
• 3Y*: —
• 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)

FELC vs. PSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FELC Fidelity Enhanced Large Cap Core ETF	8.65%	17.09%	25.25%	6.06%
PSCX Pacer Swan SOS Conservative (December) ETF	4.46%	12.08%	13.27%	1.82%

Correlation

The correlation between FELC and PSCX is 0.92, 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	0.92
Correlation (All Time) Calculated using the full available price history since Nov 20, 2023	0.88

The correlation between FELC and PSCX has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

FELC vs. PSCX - Sectors Allocation Comparison

Sectors	FELC	PSCX
Technology	40.8%	33.2%
Financial Services	12.3%	12.5%
Communication Services	11.4%	10.3%
Consumer Cyclical	10.0%	10.0%
Industrials	9.1%	8.4%
Healthcare	7.4%	9.6%
Energy	2.8%	4.2%
Consumer Defensive	2.5%	5.4%
Basic Materials	1.4%	1.9%
Utilities	1.3%	2.6%
Real Estate	1.1%	2.0%

Return for Risk

FELC vs. PSCX — Risk / Return Rank

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

FELC

FELC Risk / Return Rank: 61
FELC Sharpe Ratio Rank: 62
FELC Sortino Ratio Rank: 59
FELC Omega Ratio Rank: 60
FELC Calmar Ratio Rank: 57
FELC Martin Ratio Rank: 69

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.

FELC vs. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Enhanced Large Cap Core ETF (FELC) 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.

	FELC	PSCX	Difference
Sharpe ratio: Return per unit of total volatility	1.97	2.53	-0.56
Sortino ratio: Return per unit of downside risk	2.67	3.75	-1.07
Omega ratio: Gain probability vs. loss probability	1.36	1.51	-0.16
Calmar ratio: Return relative to maximum drawdown	2.73	3.39	-0.66
Martin ratio: Return relative to average drawdown	12.19	17.03	-4.84

FELC vs. PSCX - Sharpe Ratio Comparison

The current FELC Sharpe Ratio is 1.97, which is comparable to the PSCX Sharpe Ratio of 2.53. The chart below compares the historical Sharpe Ratios of FELC 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

FELC vs. PSCX - Drawdown Comparison

The maximum FELC drawdown since its inception was -18.59%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for FELC and PSCX.

Drawdown Indicators

	FELC	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-18.59%	-10.20%	-8.39%
Max Drawdown (1Y) Largest decline over 1 year	-9.09%	-4.20%	-4.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-9.61%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-10.20%	—
Current Drawdown Current decline from peak	-2.90%	-0.75%	-2.15%
Average Drawdown Average peak-to-trough decline	-1.91%	-1.85%	-0.06%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.03%	0.83%	+1.20%

Volatility

FELC vs. PSCX - Volatility Comparison

Fidelity Enhanced Large Cap Core ETF (FELC) has a higher volatility of 4.96% compared to Pacer Swan SOS Conservative (December) ETF (PSCX) at 1.79%. This indicates that FELC'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

	FELC	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.96%	1.79%	+3.17%
Volatility (6M) Calculated over the trailing 6-month period	9.91%	4.52%	+5.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.62%	5.65%	+6.97%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.29%	7.11%	+8.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.29%	6.97%	+8.32%

FELC vs. PSCX - Expense Ratio Comparison

FELC has a 0.18% expense ratio, which is lower than PSCX's 0.75% expense ratio.

Dividends

FELC vs. PSCX - Dividend Comparison

FELC's dividend yield for the trailing twelve months is around 0.86%, while PSCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023
FELC Fidelity Enhanced Large Cap Core ETF	0.86%	0.92%	1.03%	0.04%
PSCX Pacer Swan SOS Conservative (December) ETF	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both FELC and PSCX in my portfolio?

With a correlation of 0.92, FELC 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, FELC or PSCX?

FELC has higher volatility (4.96%) compared to PSCX (1.79%). In terms of maximum drawdown, FELC dropped -18.59% vs PSCX's -10.20%.

Which ETF is better, FELC or PSCX?

On 1-year performance, FELC leads with 24.68% vs 14.18% for PSCX. On fees, FELC is cheaper at 0.18% 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, FELC or PSCX?

Over the 1-year period, FELC has performed better with a 24.68% return vs 14.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FELC or PSCX?

FELC is cheaper with a 0.18% expense ratio, compared with 0.75% for PSCX.

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

FELC has the higher dividend yield at 0.86%, compared with 0.00% for PSCX.

What is the main difference between FELC and PSCX?

They also come from different issuers: Fidelity and Pacer. Their fees differ too: 0.18% for FELC and 0.75% for PSCX.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.53 vs 1.97), 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.