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PSMD vs. MTUM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSMD vs. MTUM

Last updated Jun 24, 2026

PSMD (Pacer Swan SOS Moderate (December) ETF) and MTUM (iShares MSCI USA Momentum Factor ETF) are both exchange-traded funds - PSMD is a Large Cap Blend Equities fund actively managed by Pacer, while MTUM is a Momentum fund tracking the MSCI USA Momentum SR Variant Index. PSMD is actively managed, while MTUM is passively managed. Over the past 5 years, PSMD returned 8.98%/yr vs 15.18%/yr for MTUM. A 0.77 correlation means they provide meaningful diversification when combined. PSMD charges 0.75%/yr vs 0.15%/yr for MTUM.

Performance

PSMD vs. MTUM - Performance Comparison

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

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Returns By Period

In the year-to-date period, PSMD achieves a 4.91% return, which is significantly lower than MTUM's 32.00% return.

PSMD

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

MTUM

1D
-4.48%
1M
8.74%
YTD
32.00%
6M
29.92%
1Y
41.78%
3Y*
33.87%
5Y*
15.18%
10Y*
17.49%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSMD vs. MTUM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020
PSMD
Pacer Swan SOS Moderate (December) ETF		4.91%11.45%12.78%17.46%-4.47%11.23%0.55%
MTUM
iShares MSCI USA Momentum Factor ETF		32.00%22.15%32.89%9.15%-18.27%13.36%-0.96%

Correlation

The correlation between PSMD and MTUM is 0.75, 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

0.75

Correlation (3Y)
Calculated over the trailing 3-year period

0.77

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (All Time)
Calculated using the full available price history since Dec 23, 2020

0.77

The correlation between PSMD and MTUM has been stable across timeframes, ranging from 0.75 to 0.77 - a consistent structural relationship.

PSMD vs. MTUM - Sectors Allocation Comparison

Sectors
PSMD
MTUM

Technology

34.1%
50.2%

Financial Services

12.6%
5.0%

Communication Services

11.2%
5.1%

Consumer Cyclical

10.6%
2.9%

Healthcare

9.4%
3.5%

Industrials

8.0%
15.0%

Consumer Defensive

5.0%
3.7%

Energy

3.2%
10.5%

Utilities

2.3%
0.6%

Real Estate

1.9%
1.3%

Basic Materials

1.8%
2.3%

Technology

PSMD
34.1%
MTUM
50.2%

Financial Services

PSMD
12.6%
MTUM
5.0%

Communication Services

PSMD
11.2%
MTUM
5.1%

Consumer Cyclical

PSMD
10.6%
MTUM
2.9%

Healthcare

PSMD
9.4%
MTUM
3.5%

Industrials

PSMD
8.0%
MTUM
15.0%

Consumer Defensive

PSMD
5.0%
MTUM
3.7%

Energy

PSMD
3.2%
MTUM
10.5%

Utilities

PSMD
2.3%
MTUM
0.6%

Real Estate

PSMD
1.9%
MTUM
1.3%

Basic Materials

PSMD
1.8%
MTUM
2.3%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Pacer Swan SOS Moderate (December) ETF

iShares MSCI USA Momentum Factor ETF

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Often compared with MTUM:
MTUM vs. SPMOMTUM vs. SPYMTUM vs. QQQMTUM vs. QUALMTUM vs. VFMOMTUM vs. VOOMTUM vs. QMOM

Return for Risk

PSMD vs. MTUM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSMD
PSMD Risk / Return Rank: 8181
Overall Rank
PSMD Sharpe Ratio Rank: 8181
Sharpe Ratio Rank
PSMD Sortino Ratio Rank: 8686
Sortino Ratio Rank
PSMD Omega Ratio Rank: 8787
Omega Ratio Rank
PSMD Calmar Ratio Rank: 6767
Calmar Ratio Rank
PSMD Martin Ratio Rank: 8484
Martin Ratio Rank
MTUM
MTUM Risk / Return Rank: 6464
Overall Rank
MTUM Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
MTUM Sortino Ratio Rank: 5454
Sortino Ratio Rank
MTUM Omega Ratio Rank: 5959
Omega Ratio Rank
MTUM Calmar Ratio Rank: 7474
Calmar Ratio Rank
MTUM Martin Ratio Rank: 7676
Martin Ratio Rank
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. MTUM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (December) ETF (PSMD) and iShares MSCI USA Momentum Factor ETF (MTUM). 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.

PSMDMTUMDifference
Sharpe ratioReturn per unit of total volatility
2.40
1.92

+0.48

Sortino ratioReturn per unit of downside risk
3.55
2.53

+1.01

Omega ratioGain probability vs. loss probability

1.49

1.35

+0.14

Calmar ratioReturn relative to maximum drawdown

3.11

3.64

-0.53

Martin ratioReturn relative to average drawdown

16.22

13.91

+2.30

PSMD vs. MTUM - Sharpe Ratio Comparison

The current PSMD Sharpe Ratio is 2.40, which is comparable to the MTUM Sharpe Ratio of 1.92. The chart below compares the historical Sharpe Ratios of PSMD and MTUM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PSMD vs. MTUM - Drawdown Comparison

The maximum PSMD drawdown since its inception was -11.96%, smaller than the maximum MTUM drawdown of -34.08%. Use the drawdown chart below to compare losses from any high point for PSMD and MTUM.

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Drawdown Indicators

PSMDMTUMDifference

Max Drawdown

Largest peak-to-trough decline

-11.96%

-34.08%

+22.12%

Max Drawdown (1Y)

Largest decline over 1 year

-4.42%

-11.54%

+7.12%

Max Drawdown (3Y)

Largest decline over 3 years

-10.70%

-20.99%

+10.29%

Max Drawdown (5Y)

Largest decline over 5 years

-11.96%

-32.28%

+20.32%

Max Drawdown (10Y)

Largest decline over 10 years

—

-34.08%

—

Current Drawdown

Current decline from peak

-0.73%

-4.48%

+3.75%

Average Drawdown

Average peak-to-trough decline

-1.65%

-6.19%

+4.54%

Ulcer Index

Depth and duration of drawdowns from previous peaks

0.85%

3.01%

-2.16%

Volatility

PSMD vs. MTUM - Volatility Comparison

The current volatility for Pacer Swan SOS Moderate (December) ETF (PSMD) is 1.93%, while iShares MSCI USA Momentum Factor ETF (MTUM) has a volatility of 12.20%. This indicates that PSMD experiences smaller price fluctuations and is considered to be less risky than MTUM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSMDMTUMDifference

Volatility (1M)

Calculated over the trailing 1-month period

1.93%

12.20%

-10.27%

Volatility (6M)

Calculated over the trailing 6-month period

4.78%

19.44%

-14.66%

Volatility (1Y)

Calculated over the trailing 1-year period

5.75%

21.93%

-16.18%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

8.63%

21.15%

-12.52%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

8.47%

21.31%

-12.84%

PSMD vs. MTUM - Expense Ratio Comparison

PSMD has a 0.75% expense ratio, which is higher than MTUM's 0.15% expense ratio.

Dividends

PSMD vs. MTUM - Dividend Comparison

PSMD has not paid dividends to shareholders, while MTUM's dividend yield for the trailing twelve months is around 0.56%.

PositionTTM20252024202320222021202020192018201720162015
MTUM
iShares MSCI USA Momentum Factor ETF		0.56%0.91%0.75%1.35%1.80%0.55%0.83%1.48%1.27%1.02%1.43%1.12%
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 MTUM have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

MTUM has higher volatility (12.20%) compared to PSMD (1.93%). In terms of maximum drawdown, PSMD dropped -11.96% vs MTUM's -34.08%.

On 5-year performance, MTUM leads with 15.18% vs 8.98% for PSMD. On fees, MTUM is cheaper at 0.15% per year. On volatility, PSMD has been the lower-risk option at 1.93%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, MTUM has performed better with a 15.18% return vs 8.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

MTUM is cheaper with a 0.15% expense ratio, compared with 0.75% for PSMD.

MTUM has the higher dividend yield at 0.56%, compared with 0.00% for PSMD.

PSMD is categorized as Large Cap Blend Equities, while MTUM is Momentum. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.75% for PSMD and 0.15% for MTUM.

PSMD currently has the higher Sharpe Ratio (2.40 vs 1.92), 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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