PSMO vs. ICOW
PSMO (Pacer Swan SOS Moderate (October) ETF) and ICOW (Pacer Developed Markets International Cash Cows 100 ETF) are both exchange-traded funds - PSMO is a Options Trading fund actively managed by Pacer, while ICOW is a Foreign Large Cap Equities fund tracking the Pacer Developed Markets International Cash Cows 100 Index. PSMO is actively managed, while ICOW is passively managed. Over the past 3 years, PSMO returned 12.18%/yr vs 16.73%/yr for ICOW. Their 0.57 correlation means they have sometimes moved together and sometimes differently. PSMO charges 0.60%/yr vs 0.65%/yr for ICOW.
Performance
PSMO vs. ICOW - Performance Comparison
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Returns By Period
In the year-to-date period, PSMO achieves a 7.47% return, which is significantly lower than ICOW's 14.59% return.
PSMO
- 1D
- 0.34%
- 1M
- 1.60%
- 6M
- 6.82%
- YTD
- 7.47%
- 1Y
- 12.72%
- 3Y*
- 12.18%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 10.25%
ICOW
- 1D
- 0.27%
- 1M
- 4.34%
- 6M
- 6.55%
- YTD
- 14.59%
- 1Y
- 31.79%
- 3Y*
- 16.73%
- 5Y*
- 10.28%
- 10Y*
- —
- ALL TIME*
- 9.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $9.40M | $8.02M | $8.97M | |
| $36.16K | $28.15K | $26.49K |
PSMO vs. ICOW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSMO Pacer Swan SOS Moderate (October) ETF | 7.47% | 11.44% | 9.44% | 20.50% | -1.32% | 2.88% |
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 14.59% | 36.95% | -2.59% | 18.94% | -7.98% | 0.90% |
Correlation
The correlation between PSMO and ICOW is 0.54, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.54 |
Correlation (3Y) Balances recent behavior with more history. | 0.47 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.57 |
The correlation between PSMO and ICOW shifts across timeframes, from 0.47 (3 years) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSMO vs. ICOW — Risk / Return Rank
PSMO
ICOW
PSMO vs. ICOW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (October) ETF (PSMO) and Pacer Developed Markets International Cash Cows 100 ETF (ICOW). 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.
| PSMO | ICOW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.39 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.85 | 3.58 | -0.73 |
| Martin ratioReturn relative to average drawdown | 14.17 | 9.91 | +4.26 |
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Drawdowns
PSMO vs. ICOW - Drawdown Comparison
The maximum PSMO drawdown since its inception was -9.77%, smaller than the maximum ICOW drawdown of -43.49%. Use the drawdown chart below to compare losses from any high point for PSMO and ICOW.
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Drawdown Indicators
| PSMO | ICOW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.77% | -43.49% | +33.72% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -8.92% | +4.44% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -14.81% | +5.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -27.79% | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.97% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -1.30% | -7.55% | +6.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.90% | 3.22% | -2.32% |
Volatility
PSMO vs. ICOW - Volatility Comparison
The current volatility for Pacer Swan SOS Moderate (October) ETF (PSMO) is 1.53%, while Pacer Developed Markets International Cash Cows 100 ETF (ICOW) has a volatility of 3.24%. This indicates that PSMO experiences smaller price fluctuations and is considered to be less risky than ICOW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSMO | ICOW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.53% | 3.24% | -1.71% |
Volatility (6M)Calculated over the trailing 6-month period | 5.09% | 11.96% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.33% | 14.52% | -8.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.37% | 16.74% | -8.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.37% | 18.44% | -10.07% |
PSMO vs. ICOW - Expense Ratio Comparison
PSMO has a 0.60% expense ratio, which is lower than ICOW's 0.65% expense ratio.
Dividends
PSMO vs. ICOW - Dividend Comparison
PSMO has not paid dividends to shareholders, while ICOW's dividend yield for the trailing twelve months is around 2.23%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
ICOW Pacer Developed Markets International Cash Cows 100 ETF | 2.23% | 3.03% | 4.39% | 3.61% | 5.26% | 2.11% | 2.46% | 3.10% | 2.61% | 0.80% |
PSMO Pacer Swan SOS Moderate (October) ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSMO and ICOW have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ICOW has higher volatility (3.24%) compared to PSMO (1.53%). In terms of maximum drawdown, PSMO dropped -9.77% vs ICOW's -43.49%.
On 3-year performance, ICOW leads with 16.73% vs 12.18% for PSMO. On fees, PSMO is cheaper at 0.60% per year. On volatility, PSMO has been the lower-risk option at 1.53%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ICOW has performed better with a 16.73% return vs 12.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSMO is cheaper with a 0.60% expense ratio, compared with 0.65% for ICOW.
ICOW has the higher dividend yield at 2.23%, compared with 0.00% for PSMO.
PSMO is categorized as Options Trading, while ICOW is Foreign Large Cap Equities. Their fees differ too: 0.60% for PSMO and 0.65% for ICOW.
ICOW currently has the higher Sharpe Ratio (2.20 vs 2.03), 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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