PSMD vs. NRSH

Last updated Jun 24, 2026

PSMD (Pacer Swan SOS Moderate (December) ETF) and NRSH (Aztlan North America Nearshoring Stock Selection ETF) are both Large Cap Blend Equities funds. PSMD is actively managed, while NRSH is passively managed. Over the past year, PSMD returned 13.69% vs 53.10% for NRSH. A 0.59 correlation means they provide meaningful diversification when combined. Both charge a 0.75% expense ratio.

Performance

PSMD vs. NRSH - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (December) ETF (PSMD) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). 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 lower than NRSH's 43.75% return.

PSMD

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

NRSH

• 1D: -3.08%
• 1M: 6.22%
• YTD: 43.75%
• 6M: 40.21%
• 1Y: 53.10%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSMD vs. NRSH - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSMD Pacer Swan SOS Moderate (December) ETF	4.91%	11.45%	12.78%	1.52%
NRSH Aztlan North America Nearshoring Stock Selection ETF	43.75%	12.95%	-6.17%	9.15%

Correlation

The correlation between PSMD and NRSH is 0.65, 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	0.65
Correlation (All Time) Calculated using the full available price history since Nov 30, 2023	0.59

The correlation between PSMD and NRSH has been stable across timeframes, ranging from 0.59 to 0.65 - a consistent structural relationship.

PSMD vs. NRSH - Sectors Allocation Comparison

Sectors	PSMD	NRSH
Technology	34.1%	36.7%
Financial Services	12.6%	-
Communication Services	11.2%	-
Consumer Cyclical	10.6%	-
Healthcare	9.4%	-
Industrials	8.0%	57.9%
Consumer Defensive	5.0%	-
Energy	3.2%	2.5%
Utilities	2.3%	-
Real Estate	1.9%	5.4%
Basic Materials	1.8%	-

Return for Risk

PSMD vs. NRSH — 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

NRSH

NRSH Risk / Return Rank: 72
NRSH Sharpe Ratio Rank: 69
NRSH Sortino Ratio Rank: 62
NRSH Omega Ratio Rank: 60
NRSH Calmar Ratio Rank: 88
NRSH Martin Ratio Rank: 81

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. NRSH - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (December) ETF (PSMD) and Aztlan North America Nearshoring Stock Selection ETF (NRSH). 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	NRSH	Difference
Sharpe ratio: Return per unit of total volatility	2.40	2.05	+0.35
Sortino ratio: Return per unit of downside risk	3.55	2.68	+0.86
Omega ratio: Gain probability vs. loss probability	1.49	1.34	+0.15
Calmar ratio: Return relative to maximum drawdown	3.11	4.88	-1.77
Martin ratio: Return relative to average drawdown	16.22	14.81	+1.40

PSMD vs. NRSH - Sharpe Ratio Comparison

The current PSMD Sharpe Ratio is 2.40, which is comparable to the NRSH Sharpe Ratio of 2.05. The chart below compares the historical Sharpe Ratios of PSMD and NRSH, 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. NRSH - Drawdown Comparison

The maximum PSMD drawdown since its inception was -11.96%, smaller than the maximum NRSH drawdown of -24.01%. Use the drawdown chart below to compare losses from any high point for PSMD and NRSH.

Drawdown Indicators

	PSMD	NRSH	Difference
Max Drawdown Largest peak-to-trough decline	-11.96%	-24.01%	+12.05%
Max Drawdown (1Y) Largest decline over 1 year	-4.42%	-10.94%	+6.52%
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%	-3.08%	+2.35%
Average Drawdown Average peak-to-trough decline	-1.65%	-5.56%	+3.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.85%	3.59%	-2.74%

Volatility

PSMD vs. NRSH - Volatility Comparison

The current volatility for Pacer Swan SOS Moderate (December) ETF (PSMD) is 1.93%, while Aztlan North America Nearshoring Stock Selection ETF (NRSH) has a volatility of 10.49%. This indicates that PSMD experiences smaller price fluctuations and is considered to be less risky than NRSH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSMD	NRSH	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.93%	10.49%	-8.56%
Volatility (6M) Calculated over the trailing 6-month period	4.78%	21.77%	-16.99%
Volatility (1Y) Calculated over the trailing 1-year period	5.75%	26.00%	-20.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.63%	22.07%	-13.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.47%	22.07%	-13.60%

PSMD vs. NRSH - Expense Ratio Comparison

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

Dividends

PSMD vs. NRSH - Dividend Comparison

PSMD has not paid dividends to shareholders, while NRSH's dividend yield for the trailing twelve months is around 0.29%.

Position	TTM	2025	2024	2023	2022	2021
NRSH Aztlan North America Nearshoring Stock Selection ETF	0.29%	0.42%	0.90%	0.17%	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 NRSH in my portfolio?

PSMD and NRSH have a correlation of 0.65, 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 NRSH?

NRSH has higher volatility (10.49%) compared to PSMD (1.93%). In terms of maximum drawdown, PSMD dropped -11.96% vs NRSH's -24.01%.

Which ETF is better, PSMD or NRSH?

On 1-year performance, NRSH leads with 53.10% vs 13.69% for PSMD. Both ETFs have the same 0.75% expense ratio. 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.

Which ETF has performed better, PSMD or NRSH?

Over the 1-year period, NRSH has performed better with a 53.10% return vs 13.69%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSMD or NRSH?

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

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

NRSH has the higher dividend yield at 0.29%, compared with 0.00% for PSMD.

What is the main difference between PSMD and NRSH?

They also come from different issuers: Pacer and Aztlan.

Which has better risk-adjusted returns?

PSMD currently has the higher Sharpe Ratio (2.40 vs 2.05), 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.