PSCJ vs. AIOO

Last updated Aug 2, 2026

PSCJ (Pacer Swan SOS Conservative (July) ETF) and AIOO (AllianzIM U.S. Equity Buffer100 Protection ETF) are both Defined Outcome funds. PSCJ is passively managed, while AIOO is actively managed. Over the past year, PSCJ returned 11.47% vs 4.97% for AIOO. Their 0.70 correlation means they have sometimes moved together and sometimes differently. PSCJ charges 0.61%/yr vs 0.64%/yr for AIOO.

Performance

PSCJ vs. AIOO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Conservative (July) ETF (PSCJ) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCJ achieves a 5.60% return, which is significantly higher than AIOO's 2.41% return.

PSCJ

• 1D: 0.49%
• 1M: 0.50%
• 6M: 4.87%
• YTD: 5.60%
• 1Y: 11.47%
• 3Y*: 12.35%
• 5Y*: 9.02%
• 10Y*: —
• ALL TIME*: 8.97%

AIOO

• 1D: 0.10%
• 1M: 0.20%
• 6M: 2.08%
• YTD: 2.41%
• 1Y: 4.97%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 4.72%

*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)
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	$338.86K	$297.94K	$421.07K
PSCJ Pacer Swan SOS Conservative (July) ETF	$6.17K	$14.58K	$11.22K

PSCJ vs. AIOO - Yearly Performance Comparison

	2026 (YTD)	2025
PSCJ Pacer Swan SOS Conservative (July) ETF	5.60%	5.97%
AIOO AllianzIM U.S. Equity Buffer100 Protection ETF	2.41%	2.65%

Correlation

The correlation between PSCJ and AIOO is 0.72, 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.	0.72
Correlation (All Time) Calculated using the full available price history since Jul 1, 2025	0.71

The correlation between PSCJ and AIOO has been stable across timeframes, ranging from 0.70 to 0.72 - a consistent structural relationship.

Return for Risk

PSCJ vs. AIOO — Risk / Return Rank

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

PSCJ

PSCJ Risk / Return Rank: 86
PSCJ Sharpe Ratio Rank: 86
PSCJ Sortino Ratio Rank: 88
PSCJ Omega Ratio Rank: 91
PSCJ Calmar Ratio Rank: 74
PSCJ Martin Ratio Rank: 90

AIOO

AIOO Risk / Return Rank: 93
AIOO Sharpe Ratio Rank: 91
AIOO Sortino Ratio Rank: 93
AIOO Omega Ratio Rank: 92
AIOO Calmar Ratio Rank: 96
AIOO Martin Ratio Rank: 94

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.

PSCJ vs. AIOO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (July) ETF (PSCJ) and AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO). 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.

	PSCJ	AIOO	Difference
Sharpe ratio: Return per unit of total volatility	2.03	2.33	-0.29
Sortino ratio: Return per unit of downside risk	3.04	3.59	-0.55
Omega ratio: Gain probability vs. loss probability	1.43	1.44	-0.01
Calmar ratio: Return relative to maximum drawdown	2.60	6.44	-3.84
Martin ratio: Return relative to average drawdown	14.31	18.58	-4.27

PSCJ vs. AIOO - Sharpe Ratio Comparison

The current PSCJ Sharpe Ratio is 2.03, which is comparable to the AIOO Sharpe Ratio of 2.33. The chart below compares the historical Sharpe Ratios of PSCJ and AIOO, 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

PSCJ vs. AIOO - Drawdown Comparison

The maximum PSCJ drawdown since its inception was -11.87%, which is greater than AIOO's maximum drawdown of -0.74%. Use the drawdown chart below to compare losses from any high point for PSCJ and AIOO.

Drawdown Indicators

	PSCJ	AIOO	Difference
Max Drawdown Largest peak-to-trough decline	-11.87%	-0.74%	-11.13%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-0.74%	-3.42%
Max Drawdown (3Y) Largest decline over 3 years	-11.87%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.87%	—	—
Current Drawdown Current decline from peak	-0.26%	-0.13%	-0.13%
Average Drawdown Average peak-to-trough decline	-2.13%	-0.18%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.76%	0.26%	+0.50%

Volatility

PSCJ vs. AIOO - Volatility Comparison

Pacer Swan SOS Conservative (July) ETF (PSCJ) has a higher volatility of 1.95% compared to AllianzIM U.S. Equity Buffer100 Protection ETF (AIOO) at 0.40%. This indicates that PSCJ's price experiences larger fluctuations and is considered to be riskier than AIOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCJ	AIOO	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.95%	0.40%	+1.55%
Volatility (6M) Calculated over the trailing 6-month period	4.28%	1.39%	+2.89%
Volatility (1Y) Calculated over the trailing 1-year period	5.32%	2.05%	+3.27%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.67%	2.02%	+6.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.63%	2.02%	+6.61%

PSCJ vs. AIOO - Expense Ratio Comparison

PSCJ has a 0.61% expense ratio, which is lower than AIOO's 0.64% expense ratio.

Dividends

PSCJ vs. AIOO - Dividend Comparison

Neither PSCJ nor AIOO has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PSCJ and AIOO in my portfolio?

PSCJ and AIOO have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCJ or AIOO?

PSCJ has higher volatility (1.95%) compared to AIOO (0.40%). In terms of maximum drawdown, PSCJ dropped -11.87% vs AIOO's -0.74%.

Which ETF is better, PSCJ or AIOO?

On 1-year performance, PSCJ leads with 11.47% vs 4.97% for AIOO. On fees, PSCJ is cheaper at 0.61% per year. On volatility, AIOO has been the lower-risk option at 0.40%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCJ or AIOO?

Over the 1-year period, PSCJ has performed better with a 11.47% return vs 4.97%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCJ or AIOO?

PSCJ is cheaper with a 0.61% expense ratio, compared with 0.64% for AIOO.

Which ETF pays a higher dividend yield, PSCJ or AIOO?

PSCJ and AIOO have nearly identical dividend yields, around 0.00%.

What is the main difference between PSCJ and AIOO?

They also come from different issuers: Pacer and Allianz. Their fees differ too: 0.61% for PSCJ and 0.64% for AIOO.

Which has better risk-adjusted returns?

AIOO currently has the higher Sharpe Ratio (2.33 vs 2.03), 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.