PSMD vs. FLRT
PSMD (Pacer Swan SOS Moderate (December) ETF) and FLRT (Pacer Aristotle Pacific Floating Rate High Income ETF) are both exchange-traded funds - PSMD is a Defined Outcome fund actively managed by Pacer, while FLRT is a Bank Loan fund actively managed by Pacer. Both are actively managed. Over the past 5 years, PSMD returned 9.18%/yr vs 6.08%/yr for FLRT. Their 0.30 correlation means their historical movements had little consistent relationship. PSMD charges 0.75%/yr vs 0.60%/yr for FLRT.
Performance
PSMD vs. FLRT - Performance Comparison
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Returns By Period
In the year-to-date period, PSMD achieves a 6.35% return, which is significantly higher than FLRT's 2.39% 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%
FLRT
- 1D
- 0.06%
- 1M
- 0.38%
- 6M
- 2.08%
- YTD
- 2.39%
- 1Y
- 5.09%
- 3Y*
- 7.87%
- 5Y*
- 6.08%
- 10Y*
- 4.83%
- ALL TIME*
- 4.48%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $4.88M | $4.59M | $4.78M | |
| $12.30K | $15.12K | $38.33K |
PSMD vs. FLRT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
PSMD Pacer Swan SOS Moderate (December) ETF | 6.35% | 11.45% | 12.78% | 17.46% | -4.47% | 11.23% | 0.55% |
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 2.39% | 6.24% | 9.18% | 14.59% | -2.72% | 3.18% | 0.25% |
Correlation
The correlation between PSMD and FLRT is 0.46, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.46 |
Correlation (3Y) Balances recent behavior with more history. | 0.35 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Dec 23, 2020 | 0.30 |
The correlation between PSMD and FLRT shifts across timeframes, from 0.30 (all time) to 0.46 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PSMD vs. FLRT — Risk / Return Rank
PSMD
FLRT
PSMD vs. FLRT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (December) ETF (PSMD) and Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT). 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 | FLRT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -2.06 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.76 | -0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.75 | 2.89 | -0.13 |
| Martin ratioReturn relative to average drawdown | 14.24 | 10.59 | +3.66 |
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Drawdowns
PSMD vs. FLRT - Drawdown Comparison
The maximum PSMD drawdown since its inception was -11.96%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for PSMD and FLRT.
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Drawdown Indicators
| PSMD | FLRT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -20.96% | +9.00% |
Max Drawdown (1Y)Largest decline over 1 year | -4.42% | -1.78% | -2.64% |
Max Drawdown (3Y)Largest decline over 3 years | -10.70% | -2.87% | -7.83% |
Max Drawdown (5Y)Largest decline over 5 years | -11.96% | -7.60% | -4.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.96% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -1.62% | -1.39% | -0.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | 0.48% | +0.37% |
Volatility
PSMD vs. FLRT - Volatility Comparison
Pacer Swan SOS Moderate (December) ETF (PSMD) has a higher volatility of 1.44% compared to Pacer Aristotle Pacific Floating Rate High Income ETF (FLRT) at 0.29%. This indicates that PSMD's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSMD | FLRT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.44% | 0.29% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 4.83% | 1.19% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.85% | 1.49% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.65% | 2.30% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.42% | 6.09% | +2.33% |
PSMD vs. FLRT - Expense Ratio Comparison
PSMD has a 0.75% expense ratio, which is higher than FLRT's 0.60% expense ratio.
Dividends
PSMD vs. FLRT - Dividend Comparison
PSMD has not paid dividends to shareholders, while FLRT's dividend yield for the trailing twelve months is around 6.72%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FLRT Pacer Aristotle Pacific Floating Rate High Income ETF | 6.72% | 6.93% | 7.93% | 8.40% | 5.81% | 3.16% | 3.52% | 4.30% | 3.95% | 3.20% | 3.38% | 3.21% |
PSMD Pacer Swan SOS Moderate (December) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.47% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSMD and FLRT have a correlation of 0.46, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSMD has higher volatility (1.44%) compared to FLRT (0.29%). In terms of maximum drawdown, PSMD dropped -11.96% vs FLRT's -20.96%.
On 5-year performance, PSMD leads with 9.18% vs 6.08% for FLRT. On fees, FLRT is cheaper at 0.60% per year. On volatility, FLRT has been the lower-risk option at 0.29%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PSMD has performed better with a 9.18% return vs 6.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
FLRT is cheaper with a 0.60% expense ratio, compared with 0.75% for PSMD.
FLRT has the higher dividend yield at 6.72%, compared with 0.00% for PSMD.
PSMD is categorized as Defined Outcome, while FLRT is Bank Loan. Their fees differ too: 0.75% for PSMD and 0.60% for FLRT.
FLRT currently has the higher Sharpe Ratio (3.45 vs 2.08), 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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