PSMD vs. NVDO
PSMD (Pacer Swan SOS Moderate (December) ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. PSMD charges 0.75%/yr vs 0.77%/yr for NVDO.
Performance
PSMD vs. NVDO - Performance Comparison
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Returns By Period
In the year-to-date period, PSMD achieves a 5.98% return, which is significantly lower than NVDO's 16.35% return.
PSMD
- 1D
- -0.28%
- 1M
- 0.95%
- 6M
- 4.94%
- YTD
- 5.98%
- 1Y
- 12.56%
- 3Y*
- 11.84%
- 5Y*
- 9.18%
- 10Y*
- —
NVDO
- 1D
- 0.00%
- 1M
- 1.48%
- 6M
- 16.25%
- YTD
- 16.35%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSMD vs. NVDO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PSMD Pacer Swan SOS Moderate (December) ETF | 5.98% | 4.52% |
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 16.35% | 10.05% |
Correlation
The correlation between PSMD and NVDO is 0.51, 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 13, 2025 | 0.51 |
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Return for Risk
PSMD vs. NVDO — Risk / Return Rank
PSMD
NVDO
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSMD vs. NVDO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (December) ETF (PSMD) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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 | NVDO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.45 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | — | — |
| Martin ratioReturn relative to average drawdown | 14.78 | — | — |
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Drawdowns
PSMD vs. NVDO - Drawdown Comparison
The maximum PSMD drawdown since its inception was -11.96%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for PSMD and NVDO.
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Drawdown Indicators
| PSMD | NVDO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.96% | -16.25% | +4.29% |
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 DrawdownCurrent decline from peak | -0.28% | -4.73% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -1.64% | -4.96% | +3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.85% | — | — |
Volatility
PSMD vs. NVDO - Volatility Comparison
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Volatility by Period
| PSMD | NVDO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.95% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 4.90% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 5.76% | 31.20% | -25.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.64% | 31.20% | -22.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.44% | 31.20% | -22.76% |
PSMD vs. NVDO - Expense Ratio Comparison
PSMD has a 0.75% expense ratio, which is lower than NVDO's 0.77% expense ratio.
Dividends
PSMD vs. NVDO - Dividend Comparison
PSMD has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF | 14.32% | 16.66% | 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
PSMD and NVDO have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSMD is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSMD is cheaper with a 0.75% expense ratio, compared with 0.77% for NVDO.
NVDO has the higher dividend yield at 14.32%, compared with 0.00% for PSMD.
They also come from different issuers: Pacer and Leverage Shares. Their fees differ too: 0.75% for PSMD and 0.77% for NVDO.
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