POWA vs. PSCX

Last updated Aug 2, 2026

POWA (Invesco Bloomberg Pricing Power ETF) and PSCX (Pacer Swan SOS Conservative (December) ETF) are both exchange-traded funds - POWA is a Large Cap Blend Equities fund tracking the Bloomberg Pricing Power Index, while PSCX is a Defined Outcome fund actively managed by Pacer. POWA is passively managed, while PSCX is actively managed. Over the past 5 years, POWA returned 7.06%/yr vs 8.41%/yr for PSCX. Their 0.72 correlation means they have sometimes moved together and sometimes differently. POWA charges 0.40%/yr vs 0.75%/yr for PSCX.

Performance

POWA vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Bloomberg Pricing Power ETF (POWA) 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, POWA achieves a 0.99% return, which is significantly lower than PSCX's 5.97% return.

POWA

• 1D: -0.23%
• 1M: 1.49%
• 6M: -1.12%
• YTD: 0.99%
• 1Y: 4.85%
• 3Y*: 10.31%
• 5Y*: 7.06%
• 10Y*: 10.13%
• ALL TIME*: 8.65%

PSCX

• 1D: 0.42%
• 1M: 0.79%
• 6M: 5.38%
• YTD: 5.97%
• 1Y: 13.16%
• 3Y*: 11.95%
• 5Y*: 8.41%
• 10Y*: —
• ALL TIME*: 8.64%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
POWA Invesco Bloomberg Pricing Power ETF	$229.23K	$296.08K	$400.22K
PSCX Pacer Swan SOS Conservative (December) ETF	$30.18K	$20.77K	$40.17K

POWA vs. PSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
POWA Invesco Bloomberg Pricing Power ETF	0.99%	11.71%	13.18%	10.58%	-7.67%	24.93%	1.29%
PSCX Pacer Swan SOS Conservative (December) ETF	5.97%	12.08%	13.27%	16.57%	-7.35%	9.03%	0.43%

Correlation

The correlation between POWA and PSCX is 0.56, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.56
Correlation (3Y) Balances recent behavior with more history.	0.69
Correlation (5Y) Shows whether the relationship held over a longer period.	0.72
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020	0.72

The correlation between POWA and PSCX shifts across timeframes, from 0.56 (1 year) to 0.72 (all time), reflecting how their relationship changes across market environments.

POWA vs. PSCX - Sectors Allocation Comparison

Sectors	POWA	PSCX
Technology	23.0%	38.5%
Industrials	19.6%	8.4%
Consumer Defensive	17.9%	4.5%
Healthcare	17.4%	8.9%
Consumer Cyclical	16.1%	9.5%
Communication Services	2.1%	9.9%
Real Estate	2.0%	1.8%
Financial Services	1.9%	11.6%
Basic Materials	-	1.7%
Energy	-	3.0%
Utilities	-	2.2%

Return for Risk

POWA vs. PSCX — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

POWA

POWA Risk / Return Rank: 18
POWA Sharpe Ratio Rank: 19
POWA Sortino Ratio Rank: 19
POWA Omega Ratio Rank: 18
POWA Calmar Ratio Rank: 19
POWA Martin Ratio Rank: 18

PSCX

PSCX Risk / Return Rank: 88
PSCX Sharpe Ratio Rank: 88
PSCX Sortino Ratio Rank: 90
PSCX Omega Ratio Rank: 90
PSCX Calmar Ratio Rank: 80
PSCX Martin Ratio Rank: 90

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

POWA vs. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Bloomberg Pricing Power ETF (POWA) 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.

	POWA	PSCX	Difference
Sharpe ratio: Return per unit of total volatility	0.36	2.14	-1.78
Sortino ratio: Return per unit of downside risk	0.63	3.15	-2.53
Omega ratio: Gain probability vs. loss probability	1.07	1.42	-0.35
Calmar ratio: Return relative to maximum drawdown	0.45	2.92	-2.47
Martin ratio: Return relative to average drawdown	1.03	14.53	-13.50

POWA vs. PSCX - Sharpe Ratio Comparison

The current POWA Sharpe Ratio is 0.36, which is lower than the PSCX Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of POWA 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

POWA vs. PSCX - Drawdown Comparison

The maximum POWA drawdown since its inception was -47.91%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for POWA and PSCX.

Drawdown Indicators

	POWA	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-47.91%	-10.20%	-37.71%
Max Drawdown (1Y) Largest decline over 1 year	-9.76%	-4.20%	-5.56%
Max Drawdown (3Y) Largest decline over 3 years	-15.00%	-9.61%	-5.39%
Max Drawdown (5Y) Largest decline over 5 years	-17.75%	-10.20%	-7.55%
Max Drawdown (10Y) Largest decline over 10 years	-36.53%	—	—
Current Drawdown Current decline from peak	-3.30%	0.00%	-3.30%
Average Drawdown Average peak-to-trough decline	-6.23%	-1.82%	-4.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.24%	0.85%	+3.39%

Volatility

POWA vs. PSCX - Volatility Comparison

Invesco Bloomberg Pricing Power ETF (POWA) has a higher volatility of 3.98% compared to Pacer Swan SOS Conservative (December) ETF (PSCX) at 1.55%. This indicates that POWA'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

	POWA	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.98%	1.55%	+2.43%
Volatility (6M) Calculated over the trailing 6-month period	9.16%	4.63%	+4.53%
Volatility (1Y) Calculated over the trailing 1-year period	12.11%	5.75%	+6.36%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.99%	7.14%	+6.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.07%	6.94%	+9.13%

POWA vs. PSCX - Expense Ratio Comparison

POWA has a 0.40% expense ratio, which is lower than PSCX's 0.75% expense ratio.

Dividends

POWA vs. PSCX - Dividend Comparison

POWA's dividend yield for the trailing twelve months is around 0.93%, while PSCX has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
POWA Invesco Bloomberg Pricing Power ETF	0.93%	0.94%	0.79%	1.60%	1.48%	1.06%	1.34%	1.16%	1.39%	1.63%	2.18%	3.31%
PSCX Pacer Swan SOS Conservative (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both POWA and PSCX in my portfolio?

POWA and PSCX have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, POWA or PSCX?

POWA has higher volatility (3.98%) compared to PSCX (1.55%). In terms of maximum drawdown, POWA dropped -47.91% vs PSCX's -10.20%.

Which ETF is better, POWA or PSCX?

On 5-year performance, PSCX leads with 8.41% vs 7.06% for POWA. On fees, POWA is cheaper at 0.40% per year. On volatility, PSCX has been the lower-risk option at 1.55%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, POWA or PSCX?

Over the 5-year period, PSCX has performed better with a 8.41% return vs 7.06%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, POWA or PSCX?

POWA is cheaper with a 0.40% expense ratio, compared with 0.75% for PSCX.

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

POWA has the higher dividend yield at 0.93%, compared with 0.00% for PSCX.

What is the main difference between POWA and PSCX?

POWA is categorized as Large Cap Blend Equities, while PSCX is Defined Outcome. They also come from different issuers: Invesco and Pacer. Their fees differ too: 0.40% for POWA and 0.75% for PSCX.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.14 vs 0.36), 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.