POWA vs. PSMD
Compare and contrast key facts about Invesco Bloomberg Pricing Power ETF (POWA) and Pacer Swan SOS Moderate (December) ETF (PSMD).
POWA and PSMD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. POWA is a passively managed fund by Invesco that tracks the performance of the Bloomberg Pricing Power Index. It was launched on Dec 15, 2006. PSMD is an actively managed fund by Pacer. It was launched on Dec 22, 2020.
Performance
POWA vs. PSMD - Performance Comparison
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POWA vs. PSMD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
POWA Invesco Bloomberg Pricing Power ETF | -4.22% | 11.71% | 13.18% | 10.58% | -7.67% | 24.93% | 1.32% |
PSMD Pacer Swan SOS Moderate (December) ETF | -1.77% | 11.45% | 12.78% | 17.46% | -4.47% | 11.23% | 0.95% |
Returns By Period
In the year-to-date period, POWA achieves a -4.22% return, which is significantly lower than PSMD's -1.77% return.
POWA
- 1D
- 1.63%
- 1M
- -7.55%
- YTD
- -4.22%
- 6M
- -3.94%
- 1Y
- 5.85%
- 3Y*
- 9.79%
- 5Y*
- 8.23%
- 10Y*
- 10.28%
PSMD
- 1D
- 1.56%
- 1M
- -2.40%
- YTD
- -1.77%
- 6M
- 0.79%
- 1Y
- 11.20%
- 3Y*
- 11.24%
- 5Y*
- 8.15%
- 10Y*
- —
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POWA vs. PSMD - Expense Ratio Comparison
POWA has a 0.40% expense ratio, which is lower than PSMD's 0.75% expense ratio.
Return for Risk
POWA vs. PSMD — Risk / Return Rank
POWA
PSMD
POWA vs. PSMD - 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 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.
| POWA | PSMD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.39 | 1.12 | -0.73 |
Sortino ratioReturn per unit of downside risk | 0.67 | 1.71 | -1.04 |
Omega ratioGain probability vs. loss probability | 1.09 | 1.29 | -0.20 |
Calmar ratioReturn relative to maximum drawdown | 0.64 | 1.53 | -0.88 |
Martin ratioReturn relative to average drawdown | 2.57 | 8.66 | -6.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| POWA | PSMD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.39 | 1.12 | -0.73 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.95 | -0.35 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.03 | -0.49 |
Correlation
The correlation between POWA and PSMD is 0.76, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
POWA vs. PSMD - Dividend Comparison
POWA's dividend yield for the trailing twelve months is around 0.98%, while PSMD has not paid dividends to shareholders.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
POWA Invesco Bloomberg Pricing Power ETF | 0.98% | 0.94% | 0.79% | 1.60% | 1.48% | 1.06% | 1.34% | 1.16% | 1.39% | 1.63% | 2.18% | 3.31% |
PSMD Pacer Swan SOS Moderate (December) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
POWA vs. PSMD - Drawdown Comparison
The maximum POWA drawdown since its inception was -47.91%, which is greater than PSMD's maximum drawdown of -11.96%. Use the drawdown chart below to compare losses from any high point for POWA and PSMD.
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Drawdown Indicators
| POWA | PSMD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.91% | -11.96% | -35.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.77% | -7.51% | -3.26% |
Max Drawdown (5Y)Largest decline over 5 years | -17.75% | -11.96% | -5.79% |
Max Drawdown (10Y)Largest decline over 10 years | -36.53% | — | — |
Current DrawdownCurrent decline from peak | -8.29% | -2.89% | -5.40% |
Average DrawdownAverage peak-to-trough decline | -6.23% | -1.71% | -4.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.70% | 1.32% | +1.38% |
Volatility
POWA vs. PSMD - Volatility Comparison
Invesco Bloomberg Pricing Power ETF (POWA) has a higher volatility of 4.03% compared to Pacer Swan SOS Moderate (December) ETF (PSMD) at 3.10%. This indicates that POWA'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.
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Volatility by Period
| POWA | PSMD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.03% | 3.10% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 8.77% | 4.39% | +4.38% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 10.09% | +5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 8.60% | +5.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.01% | 8.56% | +7.45% |