PSMJ vs. SVIX

Last updated Apr 1, 2026

Compare and contrast key facts about Pacer Swan SOS Moderate (July) ETF (PSMJ) and Volatility Shares -1x Short VIX Futures ETF (SVIX).

PSMJ and SVIX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSMJ is an actively managed fund by Pacer. It was launched on Jun 30, 2021. SVIX is managed by Volatility Shares. It was launched on Mar 28, 2022.

Performance

PSMJ vs. SVIX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (July) ETF (PSMJ) and Volatility Shares -1x Short VIX Futures ETF (SVIX). The values are adjusted to include any dividend payments, if applicable.

PSMJ vs. SVIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
PSMJ Pacer Swan SOS Moderate (July) ETF	-1.16%	13.29%	14.06%	19.80%	-2.62%
SVIX Volatility Shares -1x Short VIX Futures ETF	-35.16%	-4.49%	-32.76%	157.37%	-0.88%

Returns By Period

In the year-to-date period, PSMJ achieves a -1.16% return, which is significantly higher than SVIX's -35.16% return.

PSMJ

• 1D: 1.57%
• 1M: -1.88%
• YTD: -1.16%
• 6M: 0.87%
• 1Y: 14.41%
• 3Y*: 13.33%
• 5Y*: —
• 10Y*: —

SVIX

• 1D: 9.17%
• 1M: -25.51%
• YTD: -35.16%
• 6M: -26.52%
• 1Y: -22.76%
• 3Y*: -1.64%
• 5Y*: —
• 10Y*: —

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

PSMJ vs. SVIX - Expense Ratio Comparison

PSMJ has a 0.61% expense ratio, which is lower than SVIX's 1.47% expense ratio.

SVIX

Volatility Shares -1x Short VIX Futures ETF

PSMJ

Pacer Swan SOS Moderate (July) ETF

Return for Risk

PSMJ vs. SVIX — Risk / Return Rank

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

PSMJ

PSMJ Risk / Return Rank: 82
PSMJ Sharpe Ratio Rank: 77
PSMJ Sortino Ratio Rank: 81
PSMJ Omega Ratio Rank: 87
PSMJ Calmar Ratio Rank: 75
PSMJ Martin Ratio Rank: 89

SVIX

SVIX Risk / Return Rank: 8
SVIX Sharpe Ratio Rank: 7
SVIX Sortino Ratio Rank: 11
SVIX Omega Ratio Rank: 11
SVIX Calmar Ratio Rank: 5
SVIX Martin Ratio Rank: 4

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.

PSMJ vs. SVIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (July) ETF (PSMJ) and Volatility Shares -1x Short VIX Futures ETF (SVIX). 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.

	PSMJ	SVIX	Difference
Sharpe ratio Return per unit of total volatility	1.42	-0.31	+1.73
Sortino ratio Return per unit of downside risk	2.15	0.05	+2.10
Omega ratio Gain probability vs. loss probability	1.36	1.01	+0.35
Calmar ratio Return relative to maximum drawdown	2.01	-0.45	+2.45
Martin ratio Return relative to average drawdown	11.57	-1.03	+12.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSMJ vs. SVIX - Sharpe Ratio Comparison

The current PSMJ Sharpe Ratio is 1.42, which is higher than the SVIX Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of PSMJ and SVIX, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSMJ	SVIX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.42	-0.31	+1.73
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.02	+1.04

Correlation

The correlation between PSMJ and SVIX is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PSMJ vs. SVIX - Dividend Comparison

Neither PSMJ nor SVIX has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021
PSMJ Pacer Swan SOS Moderate (July) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.02%
SVIX Volatility Shares -1x Short VIX Futures ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PSMJ vs. SVIX - Drawdown Comparison

The maximum PSMJ drawdown since its inception was -10.87%, smaller than the maximum SVIX drawdown of -79.30%. Use the drawdown chart below to compare losses from any high point for PSMJ and SVIX.

Drawdown Indicators

	PSMJ	SVIX	Difference
Max Drawdown Largest peak-to-trough decline	-10.87%	-79.30%	+68.43%
Max Drawdown (1Y) Largest decline over 1 year	-7.31%	-49.47%	+42.16%
Current Drawdown Current decline from peak	-2.19%	-69.03%	+66.84%
Average Drawdown Average peak-to-trough decline	-1.41%	-30.26%	+28.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.27%	21.52%	-20.25%

Volatility

PSMJ vs. SVIX - Volatility Comparison

The current volatility for Pacer Swan SOS Moderate (July) ETF (PSMJ) is 2.92%, while Volatility Shares -1x Short VIX Futures ETF (SVIX) has a volatility of 29.79%. This indicates that PSMJ experiences smaller price fluctuations and is considered to be less risky than SVIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSMJ	SVIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	29.79%	-26.87%
Volatility (6M) Calculated over the trailing 6-month period	4.13%	47.49%	-43.36%
Volatility (1Y) Calculated over the trailing 1-year period	10.19%	74.62%	-64.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.09%	67.26%	-58.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.09%	67.26%	-58.17%