PSMD vs. KAT

Last updated Jun 24, 2026

PSMD (Pacer Swan SOS Moderate (December) ETF) and KAT (Scharf ETF) are both Large Cap Blend Equities funds. Both are actively managed. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

PSMD vs. KAT - Performance Comparison

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

Returns By Period

In the year-to-date period, PSMD achieves a 4.91% return, which is significantly higher than KAT's -2.17% return.

PSMD

• 1D: -0.51%
• 1M: -0.09%
• YTD: 4.91%
• 6M: 5.01%
• 1Y: 13.69%
• 3Y*: 12.16%
• 5Y*: 8.98%
• 10Y*: —

KAT

• 1D: 0.20%
• 1M: -2.48%
• YTD: -2.17%
• 6M: -2.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSMD vs. KAT - Yearly Performance Comparison

	2026 (YTD)	2025
PSMD Pacer Swan SOS Moderate (December) ETF	4.91%	4.10%
KAT Scharf ETF	-2.17%	0.85%

Correlation

The correlation between PSMD and KAT is 0.62, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 25, 2025	0.62

PSMD vs. KAT - Sectors Allocation Comparison

Sectors	PSMD	KAT
Technology	34.1%	14.3%
Financial Services	12.6%	25.1%
Communication Services	11.2%	6.6%
Consumer Cyclical	10.6%	5.0%
Healthcare	9.4%	22.3%
Industrials	8.0%	14.6%
Consumer Defensive	5.0%	2.3%
Energy	3.2%	6.6%
Utilities	2.3%	-
Real Estate	1.9%	-
Basic Materials	1.8%	3.3%

Return for Risk

PSMD vs. KAT — Risk / Return Rank

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

PSMD

PSMD Risk / Return Rank: 81
PSMD Sharpe Ratio Rank: 81
PSMD Sortino Ratio Rank: 86
PSMD Omega Ratio Rank: 87
PSMD Calmar Ratio Rank: 67
PSMD Martin Ratio Rank: 84

KAT

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

PSMD vs. KAT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (December) ETF (PSMD) and Scharf ETF (KAT). 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	KAT	Difference
Sharpe ratio: Return per unit of total volatility	2.40	—	—
Sortino ratio: Return per unit of downside risk	3.55	—	—
Omega ratio: Gain probability vs. loss probability	1.49	—	—
Calmar ratio: Return relative to maximum drawdown	3.11	—	—
Martin ratio: Return relative to average drawdown	16.22	—	—

Drawdowns

PSMD vs. KAT - Drawdown Comparison

The maximum PSMD drawdown since its inception was -11.96%, which is greater than KAT's maximum drawdown of -9.25%. Use the drawdown chart below to compare losses from any high point for PSMD and KAT.

Drawdown Indicators

	PSMD	KAT	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-9.25%	-2.71%
Max Drawdown (1Y) Largest decline over 1 year	-4.42%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-10.70%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.96%	—	—
Current Drawdown Current decline from peak	-0.73%	-7.38%	+6.65%
Average Drawdown Average peak-to-trough decline	-1.65%	-3.35%	+1.70%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	—	—

Volatility

Volatility by Period

	PSMD	KAT	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	—	—
Volatility (6M) Calculated over the trailing 6-month period	4.78%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	5.75%	10.60%	-4.85%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.63%	10.60%	-1.97%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	10.60%	-2.13%

PSMD vs. KAT - Expense Ratio Comparison

Both PSMD and KAT have an expense ratio of 0.75%.

Dividends

PSMD vs. KAT - Dividend Comparison

Neither PSMD nor KAT has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
KAT Scharf ETF	0.00%	0.00%	0.00%	0.00%	0.00%	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 KAT in my portfolio?

PSMD and KAT have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSMD or KAT?

Both ETFs have the same 0.75% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSMD or KAT?

PSMD and KAT have the same expense ratio: 0.75% per year.

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

PSMD and KAT have nearly identical dividend yields, around 0.00%.

What is the main difference between PSMD and KAT?

They also come from different issuers: Pacer and Scharf Investments.