PSFD vs. KFEB

Last updated Jul 14, 2026

PSFD (Pacer Swan SOS Flex (December) ETF) and KFEB (Innovator U.S. Small Cap Power Buffer ETF - February) are both Defined Outcome funds. Both are actively managed. Over the past year, PSFD returned 14.61% vs 22.21% for KFEB. A 0.78 correlation means they provide meaningful diversification when combined. PSFD charges 0.75%/yr vs 0.79%/yr for KFEB.

Performance

PSFD vs. KFEB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Flex (December) ETF (PSFD) and Innovator U.S. Small Cap Power Buffer ETF - February (KFEB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSFD achieves a 6.92% return, which is significantly lower than KFEB's 13.34% return.

PSFD

• 1D: -0.30%
• 1M: 1.09%
• 6M: 5.53%
• YTD: 6.92%
• 1Y: 14.61%
• 3Y*: 13.75%
• 5Y*: 11.51%
• 10Y*: —

KFEB

• 1D: -0.32%
• 1M: 0.85%
• 6M: 7.72%
• YTD: 13.34%
• 1Y: 22.21%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSFD vs. KFEB - Yearly Performance Comparison

	2026 (YTD)	2025
PSFD Pacer Swan SOS Flex (December) ETF	6.92%	10.92%
KFEB Innovator U.S. Small Cap Power Buffer ETF - February	13.34%	9.19%

Correlation

The correlation between PSFD and KFEB is 0.73, 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	0.73
Correlation (All Time) Calculated using the full available price history since Feb 3, 2025	0.78

The correlation between PSFD and KFEB has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.

Return for Risk

PSFD vs. KFEB — Risk / Return Rank

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

PSFD

PSFD Risk / Return Rank: 80
PSFD Sharpe Ratio Rank: 83
PSFD Sortino Ratio Rank: 86
PSFD Omega Ratio Rank: 87
PSFD Calmar Ratio Rank: 63
PSFD Martin Ratio Rank: 81

KFEB

KFEB Risk / Return Rank: 83
KFEB Sharpe Ratio Rank: 81
KFEB Sortino Ratio Rank: 84
KFEB Omega Ratio Rank: 77
KFEB Calmar Ratio Rank: 86
KFEB Martin Ratio Rank: 86

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.

PSFD vs. KFEB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Flex (December) ETF (PSFD) and Innovator U.S. Small Cap Power Buffer ETF - February (KFEB). 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.

	PSFD	KFEB	Difference
Sharpe ratio: Return per unit of total volatility	2.11	2.05	+0.06
Sortino ratio: Return per unit of downside risk	3.10	2.99	+0.11
Omega ratio: Gain probability vs. loss probability	1.42	1.36	+0.06
Calmar ratio: Return relative to maximum drawdown	2.49	3.85	-1.35
Martin ratio: Return relative to average drawdown	12.49	14.04	-1.55

PSFD vs. KFEB - Sharpe Ratio Comparison

The current PSFD Sharpe Ratio is 2.11, which is comparable to the KFEB Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of PSFD and KFEB, 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

PSFD vs. KFEB - Drawdown Comparison

The maximum PSFD drawdown since its inception was -14.94%, which is greater than KFEB's maximum drawdown of -14.16%. Use the drawdown chart below to compare losses from any high point for PSFD and KFEB.

Drawdown Indicators

	PSFD	KFEB	Difference
Max Drawdown Largest peak-to-trough decline	-14.94%	-14.16%	-0.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.88%	-5.80%	-0.08%
Max Drawdown (3Y) Largest decline over 3 years	-12.26%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-14.94%	—	—
Current Drawdown Current decline from peak	-0.30%	-0.64%	+0.34%
Average Drawdown Average peak-to-trough decline	-1.99%	-2.18%	+0.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.17%	1.59%	-0.42%

Volatility

PSFD vs. KFEB - Volatility Comparison

Pacer Swan SOS Flex (December) ETF (PSFD) has a higher volatility of 2.04% compared to Innovator U.S. Small Cap Power Buffer ETF - February (KFEB) at 1.93%. This indicates that PSFD's price experiences larger fluctuations and is considered to be riskier than KFEB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSFD	KFEB	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.04%	1.93%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	6.05%	7.36%	-1.31%
Volatility (1Y) Calculated over the trailing 1-year period	6.96%	10.92%	-3.96%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.52%	12.95%	-2.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.38%	12.95%	-2.57%

PSFD vs. KFEB - Expense Ratio Comparison

PSFD has a 0.75% expense ratio, which is lower than KFEB's 0.79% expense ratio.

Dividends

PSFD vs. KFEB - Dividend Comparison

Neither PSFD nor KFEB has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PSFD and KFEB in my portfolio?

PSFD and KFEB have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSFD or KFEB?

PSFD has higher volatility (2.04%) compared to KFEB (1.93%). In terms of maximum drawdown, PSFD dropped -14.94% vs KFEB's -14.16%.

Which ETF is better, PSFD or KFEB?

On 1-year performance, KFEB leads with 22.21% vs 14.61% for PSFD. On fees, PSFD is cheaper at 0.75% per year. On volatility, KFEB has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSFD or KFEB?

Over the 1-year period, KFEB has performed better with a 22.21% return vs 14.61%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSFD or KFEB?

PSFD is cheaper with a 0.75% expense ratio, compared with 0.79% for KFEB.

Which ETF pays a higher dividend yield, PSFD or KFEB?

PSFD and KFEB have nearly identical dividend yields, around 0.00%.

What is the main difference between PSFD and KFEB?

They also come from different issuers: Pacer and Innovator. Their fees differ too: 0.75% for PSFD and 0.79% for KFEB.

Which has better risk-adjusted returns?

PSFD currently has the higher Sharpe Ratio (2.11 vs 2.05), 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.