KNOV vs. PSMR

Last updated Apr 1, 2026

Compare and contrast key facts about Innovator U.S. Small Cap Power Buffer ETF - November (KNOV) and Pacer Swan SOS Moderate (April) ETF (PSMR).

KNOV and PSMR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. KNOV is an actively managed fund by Innovator. It was launched on Oct 31, 2024. PSMR is an actively managed fund by Pacer. It was launched on Mar 31, 2021.

Performance

KNOV vs. PSMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Small Cap Power Buffer ETF - November (KNOV) and Pacer Swan SOS Moderate (April) ETF (PSMR). The values are adjusted to include any dividend payments, if applicable.

KNOV vs. PSMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
KNOV Innovator U.S. Small Cap Power Buffer ETF - November	0.68%	11.91%	1.18%
PSMR Pacer Swan SOS Moderate (April) ETF	1.94%	6.74%	2.02%

Returns By Period

In the year-to-date period, KNOV achieves a 0.68% return, which is significantly lower than PSMR's 1.94% return.

KNOV

• 1D: 1.82%
• 1M: -2.56%
• YTD: 0.68%
• 6M: 3.83%
• 1Y: 17.73%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSMR

• 1D: 0.51%
• 1M: 0.90%
• YTD: 1.94%
• 6M: 3.84%
• 1Y: 11.95%
• 3Y*: 10.80%
• 5Y*: —
• 10Y*: —

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

KNOV vs. PSMR - Expense Ratio Comparison

KNOV has a 0.79% expense ratio, which is higher than PSMR's 0.61% expense ratio.

KNOV

Innovator U.S. Small Cap Power Buffer ETF - November

PSMR

Pacer Swan SOS Moderate (April) ETF

Return for Risk

KNOV vs. PSMR — Risk / Return Rank

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

KNOV

KNOV Risk / Return Rank: 71
KNOV Sharpe Ratio Rank: 69
KNOV Sortino Ratio Rank: 72
KNOV Omega Ratio Rank: 64
KNOV Calmar Ratio Rank: 74
KNOV Martin Ratio Rank: 78

PSMR

PSMR Risk / Return Rank: 81
PSMR Sharpe Ratio Rank: 75
PSMR Sortino Ratio Rank: 80
PSMR Omega Ratio Rank: 93
PSMR Calmar Ratio Rank: 69
PSMR Martin Ratio Rank: 90

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.

KNOV vs. PSMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Small Cap Power Buffer ETF - November (KNOV) and Pacer Swan SOS Moderate (April) ETF (PSMR). 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.

	KNOV	PSMR	Difference
Sharpe ratio Return per unit of total volatility	1.25	1.37	-0.12
Sortino ratio Return per unit of downside risk	1.86	2.07	-0.21
Omega ratio Gain probability vs. loss probability	1.24	1.43	-0.19
Calmar ratio Return relative to maximum drawdown	2.01	1.78	+0.22
Martin ratio Return relative to average drawdown	8.65	11.78	-3.13
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

KNOV vs. PSMR - Sharpe Ratio Comparison

The current KNOV Sharpe Ratio is 1.25, which is comparable to the PSMR Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of KNOV and PSMR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	KNOV	PSMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.25	1.37	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.74	0.94	-0.20

Correlation

The correlation between KNOV and PSMR is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

KNOV vs. PSMR - Dividend Comparison

Neither KNOV nor PSMR has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

KNOV vs. PSMR - Drawdown Comparison

The maximum KNOV drawdown since its inception was -15.03%, which is greater than PSMR's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for KNOV and PSMR.

Drawdown Indicators

	KNOV	PSMR	Difference
Max Drawdown Largest peak-to-trough decline	-15.03%	-11.78%	-3.25%
Max Drawdown (1Y) Largest decline over 1 year	-8.70%	-7.10%	-1.60%
Current Drawdown Current decline from peak	-3.64%	0.00%	-3.64%
Average Drawdown Average peak-to-trough decline	-2.87%	-1.72%	-1.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.02%	1.07%	+0.95%

Volatility

KNOV vs. PSMR - Volatility Comparison

Innovator U.S. Small Cap Power Buffer ETF - November (KNOV) has a higher volatility of 4.19% compared to Pacer Swan SOS Moderate (April) ETF (PSMR) at 1.27%. This indicates that KNOV's price experiences larger fluctuations and is considered to be riskier than PSMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	KNOV	PSMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	1.27%	+2.92%
Volatility (6M) Calculated over the trailing 6-month period	8.82%	2.24%	+6.58%
Volatility (1Y) Calculated over the trailing 1-year period	14.22%	8.78%	+5.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.34%	8.52%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.34%	8.52%	+4.82%