OCTZ vs. PSCW

Last updated Jun 23, 2026

OCTZ (TrueShares Structured Outcome (October) ETF) and PSCW (Pacer Swan SOS Conservative (April) ETF) are both Defined Outcome funds. Both are actively managed. Over the past 5 years, OCTZ returned 10.79%/yr vs 7.08%/yr for PSCW. Their correlation of 0.88 suggests significant overlap in exposure. OCTZ charges 0.79%/yr vs 0.61%/yr for PSCW.

Performance

OCTZ vs. PSCW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in TrueShares Structured Outcome (October) ETF (OCTZ) and Pacer Swan SOS Conservative (April) ETF (PSCW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with OCTZ having a 7.18% return and PSCW slightly higher at 7.40%.

OCTZ

• 1D: -0.38%
• 1M: -0.02%
• YTD: 7.18%
• 6M: 6.91%
• 1Y: 19.51%
• 3Y*: 15.55%
• 5Y*: 10.79%
• 10Y*: —

PSCW

• 1D: -0.03%
• 1M: 0.40%
• YTD: 7.40%
• 6M: 7.50%
• 1Y: 14.50%
• 3Y*: 11.36%
• 5Y*: 7.08%
• 10Y*: —

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

OCTZ vs. PSCW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
OCTZ TrueShares Structured Outcome (October) ETF	7.18%	12.89%	18.89%	18.18%	-10.23%	15.06%
PSCW Pacer Swan SOS Conservative (April) ETF	7.40%	6.56%	12.95%	11.44%	-5.52%	6.09%

Correlation

The correlation between OCTZ and PSCW is 0.78, 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	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.86
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 1, 2021	0.88

The correlation between OCTZ and PSCW has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

Return for Risk

OCTZ vs. PSCW — Risk / Return Rank

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

OCTZ

OCTZ Risk / Return Rank: 60
OCTZ Sharpe Ratio Rank: 61
OCTZ Sortino Ratio Rank: 59
OCTZ Omega Ratio Rank: 59
OCTZ Calmar Ratio Rank: 56
OCTZ Martin Ratio Rank: 63

PSCW

PSCW Risk / Return Rank: 97
PSCW Sharpe Ratio Rank: 96
PSCW Sortino Ratio Rank: 97
PSCW Omega Ratio Rank: 97
PSCW Calmar Ratio Rank: 97
PSCW Martin Ratio Rank: 97

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.

OCTZ vs. PSCW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for TrueShares Structured Outcome (October) ETF (OCTZ) and Pacer Swan SOS Conservative (April) ETF (PSCW). 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.

	OCTZ	PSCW	Difference
Sharpe ratio: Return per unit of total volatility	1.97	3.95	-1.97
Sortino ratio: Return per unit of downside risk	2.71	6.65	-3.94
Omega ratio: Gain probability vs. loss probability	1.35	1.89	-0.53
Calmar ratio: Return relative to maximum drawdown	2.68	9.73	-7.05
Martin ratio: Return relative to average drawdown	11.03	47.16	-36.12

OCTZ vs. PSCW - Sharpe Ratio Comparison

The current OCTZ Sharpe Ratio is 1.97, which is lower than the PSCW Sharpe Ratio of 3.95. The chart below compares the historical Sharpe Ratios of OCTZ and PSCW, 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

OCTZ vs. PSCW - Drawdown Comparison

The maximum OCTZ drawdown since its inception was -15.82%, which is greater than PSCW's maximum drawdown of -11.89%. Use the drawdown chart below to compare losses from any high point for OCTZ and PSCW.

Drawdown Indicators

	OCTZ	PSCW	Difference
Max Drawdown Largest peak-to-trough decline	-15.82%	-11.89%	-3.93%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-1.50%	-5.81%
Max Drawdown (3Y) Largest decline over 3 years	-14.07%	-11.89%	-2.18%
Max Drawdown (5Y) Largest decline over 5 years	-15.82%	-11.89%	-3.93%
Current Drawdown Current decline from peak	-1.45%	-0.25%	-1.20%
Average Drawdown Average peak-to-trough decline	-3.15%	-2.16%	-0.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	0.31%	+1.46%

Volatility

OCTZ vs. PSCW - Volatility Comparison

TrueShares Structured Outcome (October) ETF (OCTZ) has a higher volatility of 3.82% compared to Pacer Swan SOS Conservative (April) ETF (PSCW) at 1.40%. This indicates that OCTZ's price experiences larger fluctuations and is considered to be riskier than PSCW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	OCTZ	PSCW	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.82%	1.40%	+2.42%
Volatility (6M) Calculated over the trailing 6-month period	7.98%	2.74%	+5.24%
Volatility (1Y) Calculated over the trailing 1-year period	9.94%	3.69%	+6.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.48%	7.66%	+4.82%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	12.41%	7.58%	+4.83%

OCTZ vs. PSCW - Expense Ratio Comparison

OCTZ has a 0.79% expense ratio, which is higher than PSCW's 0.61% expense ratio.

Dividends

OCTZ vs. PSCW - Dividend Comparison

OCTZ's dividend yield for the trailing twelve months is around 3.72%, while PSCW has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022
OCTZ TrueShares Structured Outcome (October) ETF	3.72%	3.99%	1.26%	3.28%	0.67%
PSCW Pacer Swan SOS Conservative (April) ETF	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both OCTZ and PSCW in my portfolio?

OCTZ and PSCW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, OCTZ or PSCW?

OCTZ has higher volatility (3.82%) compared to PSCW (1.40%). In terms of maximum drawdown, OCTZ dropped -15.82% vs PSCW's -11.89%.

Which ETF is better, OCTZ or PSCW?

On 5-year performance, OCTZ leads with 10.79% vs 7.08% for PSCW. On fees, PSCW is cheaper at 0.61% per year. On volatility, PSCW has been the lower-risk option at 1.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, OCTZ or PSCW?

Over the 5-year period, OCTZ has performed better with a 10.79% return vs 7.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, OCTZ or PSCW?

PSCW is cheaper with a 0.61% expense ratio, compared with 0.79% for OCTZ.

Which ETF pays a higher dividend yield, OCTZ or PSCW?

OCTZ has the higher dividend yield at 3.72%, compared with 0.00% for PSCW.

What is the main difference between OCTZ and PSCW?

They also come from different issuers: TrueShares and Pacer. Their fees differ too: 0.79% for OCTZ and 0.61% for PSCW.

Which has better risk-adjusted returns?

PSCW currently has the higher Sharpe Ratio (3.95 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.