PSCX vs. GSG
PSCX (Pacer Swan SOS Conservative (December) ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - PSCX is a Large Cap Blend Equities fund actively managed by Pacer, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. PSCX is actively managed, while GSG is passively managed. Over the past 5 years, PSCX returned 8.46%/yr vs 15.74%/yr for GSG. At a 0.09 correlation, their price movements are largely independent. Both charge a 0.75% expense ratio.
Performance
PSCX vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, PSCX achieves a 5.11% return, which is significantly lower than GSG's 42.58% return.
PSCX
- 1D
- -0.12%
- 1M
- 2.00%
- YTD
- 5.11%
- 6M
- 5.98%
- 1Y
- 15.49%
- 3Y*
- 12.85%
- 5Y*
- 8.46%
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
PSCX vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSCX Pacer Swan SOS Conservative (December) ETF | 5.11% | 12.08% | 13.27% | 16.57% | -7.35% | 9.03% | 0.81% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 38.77% | 1.65% |
Correlation
The correlation between PSCX and GSG is -0.27, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.02 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020 | 0.09 |
The correlation between PSCX and GSG shifts across timeframes, from -0.27 (1 year) to 0.09 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCX vs. GSG — Risk / Return Rank
PSCX
GSG
PSCX vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Conservative (December) ETF (PSCX) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| PSCX | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.34 | ||
| Omega ratioGain probability vs. loss probability | 1.58 | 1.40 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 3.70 | 5.47 | -1.78 |
| Martin ratioReturn relative to average drawdown | 18.94 | 14.39 | +4.55 |
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
| PSCX | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.82 | 2.26 | +0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.20 | 0.70 | +0.50 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | -0.09 | +1.36 |
Drawdowns
PSCX vs. GSG - Drawdown Comparison
The maximum PSCX drawdown since its inception was -10.20%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PSCX and GSG.
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Drawdown Indicators
| PSCX | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.20% | -89.62% | +79.42% |
Max Drawdown (1Y)Largest decline over 1 year | -4.20% | -9.46% | +5.26% |
Max Drawdown (3Y)Largest decline over 3 years | -9.61% | -14.94% | +5.33% |
Max Drawdown (5Y)Largest decline over 5 years | -10.20% | -29.12% | +18.92% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.12% | -56.95% | +56.83% |
Average DrawdownAverage peak-to-trough decline | -1.87% | -63.71% | +61.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.82% | 3.59% | -2.77% |
Volatility
PSCX vs. GSG - Volatility Comparison
The current volatility for Pacer Swan SOS Conservative (December) ETF (PSCX) is 0.89%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that PSCX experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCX | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.89% | 7.65% | -6.76% |
Volatility (6M)Calculated over the trailing 6-month period | 4.21% | 20.42% | -16.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.53% | 22.95% | -17.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.07% | 22.61% | -15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.96% | 22.03% | -15.07% |
PSCX vs. GSG - Expense Ratio Comparison
Both PSCX and GSG have an expense ratio of 0.75%.
Dividends
PSCX vs. GSG - Dividend Comparison
Neither PSCX nor GSG has paid dividends to shareholders.
Frequently Asked Questions
PSCX and GSG have a correlation of -0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to PSCX (0.89%). In terms of maximum drawdown, PSCX dropped -10.20% vs GSG's -89.62%.
On 5-year performance, GSG leads with 15.74% vs 8.46% for PSCX. Both ETFs have the same 0.75% expense ratio. On volatility, PSCX has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 15.74% return vs 8.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCX and GSG have the same expense ratio: 0.75% per year.
PSCX and GSG have nearly identical dividend yields, around 0.00%.
PSCX is categorized as Large Cap Blend Equities, while GSG is Commodities. They also come from different issuers: Pacer and iShares.
PSCX currently has the higher Sharpe Ratio (2.82 vs 2.26), 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.
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