PSFM vs. QDPL

Last updated Jun 24, 2026

PSFM (Pacer Swan SOS Flex (April) ETF) and QDPL (Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF) are both exchange-traded funds - PSFM is a Defined Outcome fund actively managed by Pacer, while QDPL is a Large Cap Blend Equities fund tracking the Metaurus US Large Cap Dividend Multiplier Index - Series 400. PSFM is actively managed, while QDPL is passively managed. Over the past 3 years, PSFM returned 12.82%/yr vs 19.16%/yr for QDPL. Their correlation of 0.90 suggests significant overlap in exposure. PSFM charges 0.61%/yr vs 0.60%/yr for QDPL.

Performance

PSFM vs. QDPL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Flex (April) ETF (PSFM) and Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSFM achieves a 8.72% return, which is significantly higher than QDPL's 7.95% return.

PSFM

• 1D: -0.42%
• 1M: 0.09%
• YTD: 8.72%
• 6M: 8.75%
• 1Y: 16.21%
• 3Y*: 12.82%
• 5Y*: 9.70%
• 10Y*: —

QDPL

• 1D: -0.97%
• 1M: -1.23%
• YTD: 7.95%
• 6M: 7.14%
• 1Y: 22.55%
• 3Y*: 19.16%
• 5Y*: —
• 10Y*: —

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

PSFM vs. QDPL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PSFM Pacer Swan SOS Flex (April) ETF	8.72%	7.28%	14.18%	18.32%	-5.23%	4.90%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	7.95%	16.52%	22.83%	23.66%	-16.25%	7.82%

Correlation

The correlation between PSFM and QDPL is 0.82, 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	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (All Time) Calculated using the full available price history since Jul 13, 2021	0.90

The correlation between PSFM and QDPL has been stable across timeframes, ranging from 0.82 to 0.90 - a consistent structural relationship.

Return for Risk

PSFM vs. QDPL — Risk / Return Rank

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

PSFM

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

QDPL

QDPL Risk / Return Rank: 58
QDPL Sharpe Ratio Rank: 56
QDPL Sortino Ratio Rank: 55
QDPL Omega Ratio Rank: 56
QDPL Calmar Ratio Rank: 55
QDPL Martin Ratio Rank: 67

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.

PSFM vs. QDPL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Flex (April) ETF (PSFM) and Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL). 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.

	PSFM	QDPL	Difference
Sharpe ratio: Return per unit of total volatility	3.94	1.82	+2.12
Sortino ratio: Return per unit of downside risk	6.70	2.52	+4.18
Omega ratio: Gain probability vs. loss probability	1.91	1.33	+0.58
Calmar ratio: Return relative to maximum drawdown	11.01	2.62	+8.39
Martin ratio: Return relative to average drawdown	55.56	11.85	+43.71

PSFM vs. QDPL - Sharpe Ratio Comparison

The current PSFM Sharpe Ratio is 3.94, which is higher than the QDPL Sharpe Ratio of 1.82. The chart below compares the historical Sharpe Ratios of PSFM and QDPL, 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

PSFM vs. QDPL - Drawdown Comparison

The maximum PSFM drawdown since its inception was -14.33%, smaller than the maximum QDPL drawdown of -22.59%. Use the drawdown chart below to compare losses from any high point for PSFM and QDPL.

Drawdown Indicators

	PSFM	QDPL	Difference
Max Drawdown Largest peak-to-trough decline	-14.33%	-22.59%	+8.26%
Max Drawdown (1Y) Largest decline over 1 year	-1.48%	-8.65%	+7.17%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-17.75%	+3.63%
Max Drawdown (5Y) Largest decline over 5 years	-14.33%	—	—
Current Drawdown Current decline from peak	-0.75%	-2.85%	+2.10%
Average Drawdown Average peak-to-trough decline	-2.25%	-5.11%	+2.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.29%	1.91%	-1.62%

Volatility

PSFM vs. QDPL - Volatility Comparison

The current volatility for Pacer Swan SOS Flex (April) ETF (PSFM) is 1.74%, while Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF (QDPL) has a volatility of 4.91%. This indicates that PSFM experiences smaller price fluctuations and is considered to be less risky than QDPL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSFM	QDPL	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.74%	4.91%	-3.17%
Volatility (6M) Calculated over the trailing 6-month period	3.29%	9.73%	-6.44%
Volatility (1Y) Calculated over the trailing 1-year period	4.15%	12.46%	-8.31%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.58%	15.07%	-4.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.48%	15.07%	-4.59%

PSFM vs. QDPL - Expense Ratio Comparison

PSFM has a 0.61% expense ratio, which is higher than QDPL's 0.60% expense ratio.

Dividends

PSFM vs. QDPL - Dividend Comparison

PSFM has not paid dividends to shareholders, while QDPL's dividend yield for the trailing twelve months is around 5.16%.

Position	TTM	2025	2024	2023	2022	2021
PSFM Pacer Swan SOS Flex (April) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
QDPL Pacer Metaurus US Large Cap Dividend Multiplier 400 ETF	5.16%	4.84%	5.43%	6.30%	7.27%	2.44%

Frequently Asked Questions

Can I hold both PSFM and QDPL in my portfolio?

PSFM and QDPL have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSFM or QDPL?

QDPL has higher volatility (4.91%) compared to PSFM (1.74%). In terms of maximum drawdown, PSFM dropped -14.33% vs QDPL's -22.59%.

Which ETF is better, PSFM or QDPL?

On 3-year performance, QDPL leads with 19.16% vs 12.82% for PSFM. On fees, QDPL is cheaper at 0.60% per year. On volatility, PSFM has been the lower-risk option at 1.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSFM or QDPL?

Over the 3-year period, QDPL has performed better with a 19.16% return vs 12.82%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSFM or QDPL?

QDPL is cheaper with a 0.60% expense ratio, compared with 0.61% for PSFM.

Which ETF pays a higher dividend yield, PSFM or QDPL?

QDPL has the higher dividend yield at 5.16%, compared with 0.00% for PSFM.

What is the main difference between PSFM and QDPL?

PSFM is categorized as Defined Outcome, while QDPL is Large Cap Blend Equities. Their fees differ too: 0.61% for PSFM and 0.60% for QDPL.

Which has better risk-adjusted returns?

PSFM currently has the higher Sharpe Ratio (3.94 vs 1.82), 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.