PSMD vs. ADPV

Last updated Aug 2, 2026

PSMD (Pacer Swan SOS Moderate (December) ETF) and ADPV (Adaptiv Select ETF) are both exchange-traded funds - PSMD is a Defined Outcome fund actively managed by Pacer, while ADPV is a Large Cap Blend Equities fund actively managed by Adaptiv. Both are actively managed. Over the past 3 years, PSMD returned 11.74%/yr vs 21.01%/yr for ADPV. Their 0.55 correlation means they have sometimes moved together and sometimes differently. PSMD charges 0.75%/yr vs 1.00%/yr for ADPV.

Performance

PSMD vs. ADPV - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (December) ETF (PSMD) and Adaptiv Select ETF (ADPV). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSMD achieves a 6.35% return, which is significantly higher than ADPV's 4.41% return.

PSMD

• 1D: 0.30%
• 1M: 0.61%
• 6M: 5.65%
• YTD: 6.35%
• 1Y: 12.94%
• 3Y*: 11.74%
• 5Y*: 9.18%
• 10Y*: —
• ALL TIME*: 9.68%

ADPV

• 1D: 0.09%
• 1M: -2.57%
• 6M: 2.43%
• YTD: 4.41%
• 1Y: 14.58%
• 3Y*: 21.01%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 17.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ADPV Adaptiv Select ETF	$409.05K	$432.17K	$514.51K
PSMD Pacer Swan SOS Moderate (December) ETF	$12.30K	$15.12K	$38.33K

PSMD vs. ADPV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PSMD Pacer Swan SOS Moderate (December) ETF	6.35%	11.45%	12.78%	17.46%	4.40%
ADPV Adaptiv Select ETF	4.41%	21.19%	43.88%	-0.62%	0.43%

Correlation

The correlation between PSMD and ADPV is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.54
Correlation (3Y) Balances recent behavior with more history.	0.57
Correlation (All Time) Calculated using the full available price history since Nov 4, 2022	0.55

The correlation between PSMD and ADPV has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.

PSMD vs. ADPV - Sectors Allocation Comparison

Sectors	PSMD	ADPV
Technology	38.5%	25.4%
Financial Services	11.6%	7.6%
Communication Services	9.9%	4.1%
Consumer Cyclical	9.5%	6.6%
Healthcare	8.9%	17.5%
Industrials	8.4%	7.0%
Consumer Defensive	4.5%	-
Energy	3.0%	18.0%
Utilities	2.2%	3.4%
Real Estate	1.8%	8.5%
Basic Materials	1.7%	7.1%

Return for Risk

PSMD vs. ADPV — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSMD

PSMD Risk / Return Rank: 87
PSMD Sharpe Ratio Rank: 87
PSMD Sortino Ratio Rank: 89
PSMD Omega Ratio Rank: 90
PSMD Calmar Ratio Rank: 78
PSMD Martin Ratio Rank: 90

ADPV

ADPV Risk / Return Rank: 25
ADPV Sharpe Ratio Rank: 22
ADPV Sortino Ratio Rank: 23
ADPV Omega Ratio Rank: 22
ADPV Calmar Ratio Rank: 28
ADPV Martin Ratio Rank: 29

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSMD vs. ADPV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (December) ETF (PSMD) and Adaptiv Select ETF (ADPV). 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.

	PSMD	ADPV	Difference
Sharpe ratio: Return per unit of total volatility	2.08	0.49	+1.59
Sortino ratio: Return per unit of downside risk	3.09	0.83	+2.25
Omega ratio: Gain probability vs. loss probability	1.42	1.10	+0.32
Calmar ratio: Return relative to maximum drawdown	2.75	0.89	+1.86
Martin ratio: Return relative to average drawdown	14.24	2.43	+11.81

PSMD vs. ADPV - Sharpe Ratio Comparison

The current PSMD Sharpe Ratio is 2.08, which is higher than the ADPV Sharpe Ratio of 0.49. The chart below compares the historical Sharpe Ratios of PSMD and ADPV, 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

PSMD vs. ADPV - Drawdown Comparison

The maximum PSMD drawdown since its inception was -11.96%, smaller than the maximum ADPV drawdown of -22.30%. Use the drawdown chart below to compare losses from any high point for PSMD and ADPV.

Drawdown Indicators

	PSMD	ADPV	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-22.30%	+10.34%
Max Drawdown (1Y) Largest decline over 1 year	-4.42%	-13.88%	+9.46%
Max Drawdown (3Y) Largest decline over 3 years	-10.70%	-22.30%	+11.60%
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	—	—
Current Drawdown Current decline from peak	0.00%	-8.34%	+8.34%
Average Drawdown Average peak-to-trough decline	-1.62%	-5.42%	+3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	5.09%	-4.24%

Volatility

PSMD vs. ADPV - Volatility Comparison

The current volatility for Pacer Swan SOS Moderate (December) ETF (PSMD) is 1.44%, while Adaptiv Select ETF (ADPV) has a volatility of 6.50%. This indicates that PSMD experiences smaller price fluctuations and is considered to be less risky than ADPV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSMD	ADPV	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	6.50%	-5.06%
Volatility (6M) Calculated over the trailing 6-month period	4.83%	18.19%	-13.36%
Volatility (1Y) Calculated over the trailing 1-year period	5.85%	25.29%	-19.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.65%	21.13%	-12.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.42%	21.13%	-12.71%

PSMD vs. ADPV - Expense Ratio Comparison

PSMD has a 0.75% expense ratio, which is lower than ADPV's 1.00% expense ratio.

Dividends

PSMD vs. ADPV - Dividend Comparison

PSMD has not paid dividends to shareholders, while ADPV's dividend yield for the trailing twelve months is around 0.67%.

Position	TTM	2025	2024	2023	2022	2021
ADPV Adaptiv Select ETF	0.67%	0.70%	0.67%	0.22%	0.25%	0.00%
PSMD Pacer Swan SOS Moderate (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%

Frequently Asked Questions

Can I hold both PSMD and ADPV in my portfolio?

PSMD and ADPV have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSMD or ADPV?

ADPV has higher volatility (6.50%) compared to PSMD (1.44%). In terms of maximum drawdown, PSMD dropped -11.96% vs ADPV's -22.30%.

Which ETF is better, PSMD or ADPV?

On 3-year performance, ADPV leads with 21.01% vs 11.74% for PSMD. On fees, PSMD is cheaper at 0.75% per year. On volatility, PSMD has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSMD or ADPV?

Over the 3-year period, ADPV has performed better with a 21.01% return vs 11.74%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSMD or ADPV?

PSMD is cheaper with a 0.75% expense ratio, compared with 1.00% for ADPV.

Which ETF pays a higher dividend yield, PSMD or ADPV?

ADPV has the higher dividend yield at 0.67%, compared with 0.00% for PSMD.

What is the main difference between PSMD and ADPV?

PSMD is categorized as Defined Outcome, while ADPV is Large Cap Blend Equities. They also come from different issuers: Pacer and Adaptiv. Their fees differ too: 0.75% for PSMD and 1.00% for ADPV.

Which has better risk-adjusted returns?

PSMD currently has the higher Sharpe Ratio (2.08 vs 0.49), 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.