PSCQ vs. XAPR

Last updated Jun 6, 2026

PSCQ (Pacer Swan SOS Conservative (October) ETF) and XAPR (FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - April) are both Options Trading funds. Both are actively managed. Over the past year, PSCQ returned 14.83% vs 8.25% for XAPR. A 0.76 correlation means they provide meaningful diversification when combined. PSCQ charges 0.60%/yr vs 0.85%/yr for XAPR.

Performance

PSCQ vs. XAPR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Conservative (October) ETF (PSCQ) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCQ achieves a 4.64% return, which is significantly higher than XAPR's 2.79% return.

PSCQ

• 1D: -0.86%
• 1M: 0.54%
• YTD: 4.64%
• 6M: 5.04%
• 1Y: 14.83%
• 3Y*: 12.25%
• 5Y*: —
• 10Y*: —

XAPR

• 1D: -0.69%
• 1M: 0.37%
• YTD: 2.79%
• 6M: 3.31%
• 1Y: 8.25%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCQ vs. XAPR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSCQ Pacer Swan SOS Conservative (October) ETF	4.64%	11.50%	6.36%
XAPR FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - April	2.79%	12.57%	8.25%

Correlation

The correlation between PSCQ and XAPR is 0.80, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 23, 2024	0.76

The correlation between PSCQ and XAPR has been stable across timeframes, ranging from 0.76 to 0.80 - a consistent structural relationship.

Return for Risk

PSCQ vs. XAPR — Risk / Return Rank

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

PSCQ

PSCQ Risk / Return Rank: 82
PSCQ Sharpe Ratio Rank: 82
PSCQ Sortino Ratio Rank: 87
PSCQ Omega Ratio Rank: 87
PSCQ Calmar Ratio Rank: 69
PSCQ Martin Ratio Rank: 85

XAPR

XAPR Risk / Return Rank: 97
XAPR Sharpe Ratio Rank: 96
XAPR Sortino Ratio Rank: 97
XAPR Omega Ratio Rank: 97
XAPR Calmar Ratio Rank: 97
XAPR Martin Ratio Rank: 98

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.

PSCQ vs. XAPR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (October) ETF (PSCQ) and FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR). 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.

	PSCQ	XAPR	Difference
Sharpe ratio: Return per unit of total volatility	2.51	3.83	-1.32
Sortino ratio: Return per unit of downside risk	3.69	5.95	-2.26
Omega ratio: Gain probability vs. loss probability	1.51	1.94	-0.43
Calmar ratio: Return relative to maximum drawdown	3.25	11.23	-7.98
Martin ratio: Return relative to average drawdown	16.35	62.23	-45.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCQ vs. XAPR - Sharpe Ratio Comparison

The current PSCQ Sharpe Ratio is 2.51, which is lower than the XAPR Sharpe Ratio of 3.83. The chart below compares the historical Sharpe Ratios of PSCQ and XAPR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSCQ	XAPR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	3.83	-1.32
Sharpe Ratio (All Time) Calculated using the full available price history	1.20	1.82	-0.62

Drawdowns

PSCQ vs. XAPR - Drawdown Comparison

The maximum PSCQ drawdown since its inception was -9.92%, which is greater than XAPR's maximum drawdown of -6.18%. Use the drawdown chart below to compare losses from any high point for PSCQ and XAPR.

Drawdown Indicators

	PSCQ	XAPR	Difference
Max Drawdown Largest peak-to-trough decline	-9.92%	-6.18%	-3.74%
Max Drawdown (1Y) Largest decline over 1 year	-4.58%	-0.74%	-3.84%
Max Drawdown (3Y) Largest decline over 3 years	-9.92%	—	—
Current Drawdown Current decline from peak	-0.87%	-0.74%	-0.13%
Average Drawdown Average peak-to-trough decline	-1.58%	-0.18%	-1.40%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.91%	0.13%	+0.78%

Volatility

PSCQ vs. XAPR - Volatility Comparison

Pacer Swan SOS Conservative (October) ETF (PSCQ) has a higher volatility of 1.17% compared to FT Cboe Vest U.S. Equity Enhance & Moderate Buffer ETF - April (XAPR) at 0.96%. This indicates that PSCQ's price experiences larger fluctuations and is considered to be riskier than XAPR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCQ	XAPR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.17%	0.96%	+0.21%
Volatility (6M) Calculated over the trailing 6-month period	4.54%	1.50%	+3.04%
Volatility (1Y) Calculated over the trailing 1-year period	5.94%	2.17%	+3.77%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	7.57%	6.19%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.57%	6.19%	+1.38%

PSCQ vs. XAPR - Expense Ratio Comparison

PSCQ has a 0.60% expense ratio, which is lower than XAPR's 0.85% expense ratio.

Dividends

PSCQ vs. XAPR - Dividend Comparison

Neither PSCQ nor XAPR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PSCQ and XAPR in my portfolio?

PSCQ and XAPR have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCQ or XAPR?

PSCQ has higher volatility (1.17%) compared to XAPR (0.96%). In terms of maximum drawdown, PSCQ dropped -9.92% vs XAPR's -6.18%.

Which ETF is better, PSCQ or XAPR?

On 1-year performance, PSCQ leads with 14.83% vs 8.25% for XAPR. On fees, PSCQ is cheaper at 0.60% per year. On volatility, XAPR has been the lower-risk option at 0.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCQ or XAPR?

Over the 1-year period, PSCQ has performed better with a 14.83% return vs 8.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCQ or XAPR?

PSCQ is cheaper with a 0.60% expense ratio, compared with 0.85% for XAPR.

Which ETF pays a higher dividend yield, PSCQ or XAPR?

PSCQ and XAPR have nearly identical dividend yields, around 0.00%.

What is the main difference between PSCQ and XAPR?

They also come from different issuers: Pacer and FT Vest. Their fees differ too: 0.60% for PSCQ and 0.85% for XAPR.

Which has better risk-adjusted returns?

XAPR currently has the higher Sharpe Ratio (3.83 vs 2.51), 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.