PSCJ vs. TMAR

Last updated Jun 25, 2026

PSCJ (Pacer Swan SOS Conservative (July) ETF) and TMAR (FT Vest Emerging Markets Buffer ETF - March) are both Defined Outcome funds - PSCJ tracks the SPDR S&P 500 ETF Trust while TMAR tracks the iShares MSCI Emerging Markets ETF (EEM) Price Return. Both are passively managed. Over the past year, PSCJ returned 13.51% vs 22.71% for TMAR. A 0.54 correlation means they provide meaningful diversification when combined. PSCJ charges 0.61%/yr vs 0.95%/yr for TMAR.

Performance

PSCJ vs. TMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Conservative (July) ETF (PSCJ) and FT Vest Emerging Markets Buffer ETF - March (TMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCJ achieves a 5.10% return, which is significantly lower than TMAR's 12.21% return.

PSCJ

• 1D: 0.02%
• 1M: 0.60%
• YTD: 5.10%
• 6M: 4.86%
• 1Y: 13.51%
• 3Y*: 13.13%
• 5Y*: —
• 10Y*: —

TMAR

• 1D: -0.23%
• 1M: -0.17%
• YTD: 12.21%
• 6M: 12.43%
• 1Y: 22.71%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCJ vs. TMAR - Yearly Performance Comparison

	2026 (YTD)	2025
PSCJ Pacer Swan SOS Conservative (July) ETF	5.10%	15.42%
TMAR FT Vest Emerging Markets Buffer ETF - March	12.21%	15.97%

Correlation

The correlation between PSCJ and TMAR is 0.58, 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	0.58
Correlation (All Time) Calculated using the full available price history since Mar 24, 2025	0.54

The correlation between PSCJ and TMAR has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.

Return for Risk

PSCJ vs. TMAR — Risk / Return Rank

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

PSCJ

PSCJ Risk / Return Rank: 88
PSCJ Sharpe Ratio Rank: 90
PSCJ Sortino Ratio Rank: 93
PSCJ Omega Ratio Rank: 94
PSCJ Calmar Ratio Rank: 73
PSCJ Martin Ratio Rank: 90

TMAR

TMAR Risk / Return Rank: 86
TMAR Sharpe Ratio Rank: 76
TMAR Sortino Ratio Rank: 77
TMAR Omega Ratio Rank: 91
TMAR Calmar Ratio Rank: 90
TMAR Martin Ratio Rank: 94

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.

PSCJ vs. TMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (July) ETF (PSCJ) and FT Vest Emerging Markets Buffer ETF - March (TMAR). 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	TMAR	Difference
Sharpe ratio: Return per unit of total volatility	2.64	2.11	+0.54
Sortino ratio: Return per unit of downside risk	4.05	2.99	+1.05
Omega ratio: Gain probability vs. loss probability	1.59	1.53	+0.06
Calmar ratio: Return relative to maximum drawdown	3.26	4.86	-1.60
Martin ratio: Return relative to average drawdown	18.39	23.50	-5.11

PSCJ vs. TMAR - Sharpe Ratio Comparison

The current PSCJ Sharpe Ratio is 2.64, which is comparable to the TMAR Sharpe Ratio of 2.11. The chart below compares the historical Sharpe Ratios of PSCJ and TMAR, 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. TMAR - Drawdown Comparison

The maximum PSCJ drawdown since its inception was -11.87%, which is greater than TMAR's maximum drawdown of -9.93%. Use the drawdown chart below to compare losses from any high point for PSCJ and TMAR.

Drawdown Indicators

	PSCJ	TMAR	Difference
Max Drawdown Largest peak-to-trough decline	-11.87%	-9.93%	-1.94%
Max Drawdown (1Y) Largest decline over 1 year	-4.16%	-4.69%	+0.53%
Max Drawdown (3Y) Largest decline over 3 years	-11.87%	—	—
Current Drawdown Current decline from peak	0.00%	-2.96%	+2.96%
Average Drawdown Average peak-to-trough decline	-2.17%	-0.73%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.74%	0.97%	-0.23%

Volatility

PSCJ vs. TMAR - Volatility Comparison

The current volatility for Pacer Swan SOS Conservative (July) ETF (PSCJ) is 0.48%, while FT Vest Emerging Markets Buffer ETF - March (TMAR) has a volatility of 6.23%. This indicates that PSCJ experiences smaller price fluctuations and is considered to be less risky than TMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCJ	TMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.48%	6.23%	-5.75%
Volatility (6M) Calculated over the trailing 6-month period	4.00%	9.98%	-5.98%
Volatility (1Y) Calculated over the trailing 1-year period	5.24%	10.88%	-5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.67%	12.31%	-3.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.67%	12.31%	-3.64%

PSCJ vs. TMAR - Expense Ratio Comparison

PSCJ has a 0.61% expense ratio, which is lower than TMAR's 0.95% expense ratio.

Dividends

PSCJ vs. TMAR - Dividend Comparison

Neither PSCJ nor TMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PSCJ and TMAR in my portfolio?

PSCJ and TMAR have a correlation of 0.58, 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 TMAR?

TMAR has higher volatility (6.23%) compared to PSCJ (0.48%). In terms of maximum drawdown, PSCJ dropped -11.87% vs TMAR's -9.93%.

Which ETF is better, PSCJ or TMAR?

On 1-year performance, TMAR leads with 22.71% vs 13.51% for PSCJ. On fees, PSCJ is cheaper at 0.61% per year. On volatility, PSCJ has been the lower-risk option at 0.48%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCJ or TMAR?

Over the 1-year period, TMAR has performed better with a 22.71% return vs 13.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCJ or TMAR?

PSCJ is cheaper with a 0.61% expense ratio, compared with 0.95% for TMAR.

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

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

What is the main difference between PSCJ and TMAR?

PSCJ tracks SPDR S&P 500 ETF Trust, while TMAR tracks iShares MSCI Emerging Markets ETF (EEM) Price Return. They also come from different issuers: Pacer and First Trust. Their fees differ too: 0.61% for PSCJ and 0.95% for TMAR.

Which has better risk-adjusted returns?

PSCJ currently has the higher Sharpe Ratio (2.64 vs 2.11), 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.