PSMJ vs. GSG
PSMJ (Pacer Swan SOS Moderate (July) ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - PSMJ is a Defined Outcome fund actively managed by Pacer, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. PSMJ is actively managed, while GSG is passively managed. Over the past 5 years, PSMJ returned 10.39%/yr vs 13.83%/yr for GSG. At a 0.12 correlation, their price movements are largely independent. PSMJ charges 0.61%/yr vs 0.75%/yr for GSG.
Performance
PSMJ vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, PSMJ achieves a 5.09% return, which is significantly lower than GSG's 32.35% return.
PSMJ
- 1D
- -0.40%
- 1M
- 0.44%
- 6M
- 4.43%
- YTD
- 5.09%
- 1Y
- 11.18%
- 3Y*
- 12.46%
- 5Y*
- 10.39%
- 10Y*
- —
GSG
- 1D
- 3.60%
- 1M
- -0.20%
- 6M
- 28.24%
- YTD
- 32.35%
- 1Y
- 34.57%
- 3Y*
- 14.41%
- 5Y*
- 13.83%
- 10Y*
- 7.40%
PSMJ vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSMJ Pacer Swan SOS Moderate (July) ETF | 5.09% | 13.29% | 14.06% | 19.80% | -2.41% | 3.66% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 32.35% | 5.93% | 8.52% | -5.51% | 24.08% | 6.34% |
Correlation
The correlation between PSMJ and GSG is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.12 |
Correlation (All Time) Calculated using the full available price history since Jul 1, 2021 | 0.12 |
The correlation between PSMJ and GSG shifts across timeframes, from -0.12 (1 year) to 0.12 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSMJ vs. GSG — Risk / Return Rank
PSMJ
GSG
PSMJ vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (July) ETF (PSMJ) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| PSMJ | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.27 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.04 | 1.85 | +1.19 |
| Martin ratioReturn relative to average drawdown | 16.98 | 6.29 | +10.69 |
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Drawdowns
PSMJ vs. GSG - Drawdown Comparison
The maximum PSMJ drawdown since its inception was -10.87%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PSMJ and GSG.
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Drawdown Indicators
| PSMJ | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -10.87% | -89.62% | +78.75% |
Max Drawdown (1Y)Largest decline over 1 year | -3.70% | -18.81% | +15.11% |
Max Drawdown (3Y)Largest decline over 3 years | -10.87% | -18.81% | +7.94% |
Max Drawdown (5Y)Largest decline over 5 years | -10.87% | -29.12% | +18.25% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.40% | -60.04% | +59.64% |
Average DrawdownAverage peak-to-trough decline | -1.34% | -63.69% | +62.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 5.51% | -4.85% |
Volatility
PSMJ vs. GSG - Volatility Comparison
The current volatility for Pacer Swan SOS Moderate (July) ETF (PSMJ) is 1.62%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.35%. This indicates that PSMJ experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSMJ | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 7.35% | -5.73% |
Volatility (6M)Calculated over the trailing 6-month period | 4.11% | 21.50% | -17.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.13% | 23.48% | -18.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.91% | 22.80% | -13.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.89% | 22.00% | -13.11% |
PSMJ vs. GSG - Expense Ratio Comparison
PSMJ has a 0.61% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
PSMJ vs. GSG - Dividend Comparison
Neither PSMJ nor GSG has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
GSG iShares S&P GSCI Commodity-Indexed Trust | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSMJ Pacer Swan SOS Moderate (July) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% |
Frequently Asked Questions
PSMJ and GSG have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.35%) compared to PSMJ (1.62%). In terms of maximum drawdown, PSMJ dropped -10.87% vs GSG's -89.62%.
On 5-year performance, GSG leads with 13.83% vs 10.39% for PSMJ. On fees, PSMJ is cheaper at 0.61% per year. On volatility, PSMJ has been the lower-risk option at 1.62%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 13.83% return vs 10.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSMJ is cheaper with a 0.61% expense ratio, compared with 0.75% for GSG.
PSMJ and GSG have nearly identical dividend yields, around 0.00%.
PSMJ is categorized as Defined Outcome, while GSG is Commodities. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.61% for PSMJ and 0.75% for GSG.
PSMJ currently has the higher Sharpe Ratio (2.19 vs 1.48), 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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