JUSA vs. PSMD

Last updated Jun 6, 2026

JUSA (JPMorgan U.S. Research Enhanced Large Cap ETF) and PSMD (Pacer Swan SOS Moderate (December) ETF) are both Large Cap Blend Equities funds. Both are actively managed. Over the past year, JUSA returned 24.65% vs 14.66% for PSMD. Their correlation of 0.93 suggests significant overlap in exposure. JUSA charges 0.20%/yr vs 0.75%/yr for PSMD.

Performance

JUSA vs. PSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) and Pacer Swan SOS Moderate (December) ETF (PSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JUSA achieves a 7.68% return, which is significantly higher than PSMD's 4.71% return.

JUSA

• 1D: -2.43%
• 1M: -0.02%
• YTD: 7.68%
• 6M: 7.58%
• 1Y: 24.65%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSMD

• 1D: -0.90%
• 1M: 0.55%
• YTD: 4.71%
• 6M: 5.28%
• 1Y: 14.66%
• 3Y*: 12.37%
• 5Y*: 9.08%
• 10Y*: —

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

JUSA vs. PSMD - Yearly Performance Comparison

	2026 (YTD)	2025
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	7.68%	21.69%
PSMD Pacer Swan SOS Moderate (December) ETF	4.71%	12.96%

Correlation

The correlation between JUSA and PSMD is 0.93, 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	0.93
Correlation (All Time) Calculated using the full available price history since Mar 17, 2025	0.93

The correlation between JUSA and PSMD has been stable across timeframes, ranging from 0.93 to 0.93 - a consistent structural relationship.

Return for Risk

JUSA vs. PSMD — Risk / Return Rank

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

JUSA

JUSA Risk / Return Rank: 66
JUSA Sharpe Ratio Rank: 67
JUSA Sortino Ratio Rank: 65
JUSA Omega Ratio Rank: 67
JUSA Calmar Ratio Rank: 60
JUSA Martin Ratio Rank: 73

PSMD

PSMD Risk / Return Rank: 83
PSMD Sharpe Ratio Rank: 84
PSMD Sortino Ratio Rank: 88
PSMD Omega Ratio Rank: 89
PSMD Calmar Ratio Rank: 70
PSMD 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.

JUSA vs. PSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) 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.

	JUSA	PSMD	Difference
Sharpe ratio: Return per unit of total volatility	2.05	2.59	-0.54
Sortino ratio: Return per unit of downside risk	2.81	3.80	-0.99
Omega ratio: Gain probability vs. loss probability	1.37	1.54	-0.17
Calmar ratio: Return relative to maximum drawdown	2.77	3.33	-0.56
Martin ratio: Return relative to average drawdown	12.73	17.68	-4.95
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

JUSA vs. PSMD - Sharpe Ratio Comparison

The current JUSA Sharpe Ratio is 2.05, which is comparable to the PSMD Sharpe Ratio of 2.59. The chart below compares the historical Sharpe Ratios of JUSA and PSMD, 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

	JUSA	PSMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.05	2.59	-0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.06	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	1.15	+0.17

Drawdowns

JUSA vs. PSMD - Drawdown Comparison

The maximum JUSA drawdown since its inception was -14.02%, which is greater than PSMD's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for JUSA and PSMD.

Drawdown Indicators

	JUSA	PSMD	Difference
Max Drawdown Largest peak-to-trough decline	-14.02%	-11.96%	-2.06%
Max Drawdown (1Y) Largest decline over 1 year	-8.93%	-4.42%	-4.51%
Max Drawdown (3Y) Largest decline over 3 years	—	-10.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	-2.81%	-0.91%	-1.90%
Average Drawdown Average peak-to-trough decline	-1.51%	-1.66%	+0.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.94%	0.83%	+1.11%

Volatility

JUSA vs. PSMD - Volatility Comparison

JPMorgan U.S. Research Enhanced Large Cap ETF (JUSA) has a higher volatility of 3.53% compared to Pacer Swan SOS Moderate (December) ETF (PSMD) at 1.24%. This indicates that JUSA'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.

Volatility by Period

	JUSA	PSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.53%	1.24%	+2.29%
Volatility (6M) Calculated over the trailing 6-month period	9.30%	4.52%	+4.78%
Volatility (1Y) Calculated over the trailing 1-year period	12.08%	5.70%	+6.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.79%	8.60%	+10.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.79%	8.47%	+10.32%

JUSA vs. PSMD - Expense Ratio Comparison

JUSA has a 0.20% expense ratio, which is lower than PSMD's 0.75% expense ratio.

Dividends

JUSA vs. PSMD - Dividend Comparison

JUSA's dividend yield for the trailing twelve months is around 0.88%, while PSMD has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
JUSA JPMorgan U.S. Research Enhanced Large Cap ETF	0.88%	0.77%	0.00%	0.00%	0.00%	0.00%
PSMD Pacer Swan SOS Moderate (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%

Frequently Asked Questions

Can I hold both JUSA and PSMD in my portfolio?

With a correlation of 0.93, JUSA and PSMD 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, JUSA or PSMD?

JUSA has higher volatility (3.53%) compared to PSMD (1.24%). In terms of maximum drawdown, JUSA dropped -14.02% vs PSMD's -11.96%.

Which ETF is better, JUSA or PSMD?

On 1-year performance, JUSA leads with 24.65% vs 14.66% for PSMD. On fees, JUSA is cheaper at 0.20% per year. On volatility, PSMD has been the lower-risk option at 1.24%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, JUSA or PSMD?

Over the 1-year period, JUSA has performed better with a 24.65% return vs 14.66%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, JUSA or PSMD?

JUSA is cheaper with a 0.20% expense ratio, compared with 0.75% for PSMD.

Which ETF pays a higher dividend yield, JUSA or PSMD?

JUSA has the higher dividend yield at 0.88%, compared with 0.00% for PSMD.

What is the main difference between JUSA and PSMD?

They also come from different issuers: JPMorgan and Pacer. Their fees differ too: 0.20% for JUSA and 0.75% for PSMD.

Which has better risk-adjusted returns?

PSMD currently has the higher Sharpe Ratio (2.59 vs 2.05), 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.