PSMO vs. IVVB

Last updated Aug 5, 2026

PSMO (Pacer Swan SOS Moderate (October) ETF) and IVVB (iShares Large Cap Deep Buffer ETF) are both Options Trading funds. Both are actively managed. Over the past 3 years, PSMO returned 12.18%/yr vs 12.45%/yr for IVVB. Their 0.79 correlation means they have sometimes moved together and sometimes differently. PSMO charges 0.60%/yr vs 0.50%/yr for IVVB.

Performance

PSMO vs. IVVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (October) ETF (PSMO) and iShares Large Cap Deep Buffer ETF (IVVB). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with PSMO having a 7.47% return and IVVB slightly lower at 7.14%.

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%

IVVB

• 1D: 1.08%
• 1M: 2.40%
• 6M: 6.05%
• YTD: 7.14%
• 1Y: 13.70%
• 3Y*: 12.45%
• 5Y*: —
• 10Y*: —
• ALL TIME*: 12.25%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
IVVB iShares Large Cap Deep Buffer ETF	$484.07K	$512.74K	$886.73K
PSMO Pacer Swan SOS Moderate (October) ETF	$36.16K	$28.15K	$26.49K

PSMO vs. IVVB - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSMO Pacer Swan SOS Moderate (October) ETF	7.47%	11.44%	9.44%	8.66%
IVVB iShares Large Cap Deep Buffer ETF	7.14%	9.60%	18.66%	2.64%

Correlation

The correlation between PSMO and IVVB is 0.89, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.89
Correlation (3Y) Balances recent behavior with more history.	0.80
Correlation (All Time) Calculated using the full available price history since Jun 30, 2023	0.79

The correlation between PSMO and IVVB has been stable across timeframes, ranging from 0.79 to 0.89 - a consistent structural relationship.

Return for Risk

PSMO vs. IVVB — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSMO

PSMO Risk / Return Rank: 81
PSMO Sharpe Ratio Rank: 79
PSMO Sortino Ratio Rank: 84
PSMO Omega Ratio Rank: 85
PSMO Calmar Ratio Rank: 72
PSMO Martin Ratio Rank: 87

IVVB

IVVB Risk / Return Rank: 68
IVVB Sharpe Ratio Rank: 69
IVVB Sortino Ratio Rank: 69
IVVB Omega Ratio Rank: 70
IVVB Calmar Ratio Rank: 60
IVVB Martin Ratio Rank: 72

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PSMO vs. IVVB - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (October) ETF (PSMO) and iShares Large Cap Deep Buffer ETF (IVVB). 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	IVVB	Difference
Sharpe ratio: Return per unit of total volatility	2.03	1.79	+0.24
Sortino ratio: Return per unit of downside risk	3.03	2.52	+0.51
Omega ratio: Gain probability vs. loss probability	1.40	1.33	+0.08
Calmar ratio: Return relative to maximum drawdown	2.85	2.40	+0.46
Martin ratio: Return relative to average drawdown	14.17	10.02	+4.15

PSMO vs. IVVB - Sharpe Ratio Comparison

The current PSMO Sharpe Ratio is 2.03, which is comparable to the IVVB Sharpe Ratio of 1.79. The chart below compares the historical Sharpe Ratios of PSMO and IVVB, 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

PSMO vs. IVVB - Drawdown Comparison

The maximum PSMO drawdown since its inception was -9.77%, smaller than the maximum IVVB drawdown of -13.08%. Use the drawdown chart below to compare losses from any high point for PSMO and IVVB.

Drawdown Indicators

	PSMO	IVVB	Difference
Max Drawdown Largest peak-to-trough decline	-9.77%	-13.08%	+3.31%
Max Drawdown (1Y) Largest decline over 1 year	-4.48%	-5.75%	+1.27%
Max Drawdown (3Y) Largest decline over 3 years	-9.77%	-13.08%	+3.31%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-1.30%	-1.55%	+0.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.90%	1.37%	-0.47%

Volatility

PSMO vs. IVVB - Volatility Comparison

The current volatility for Pacer Swan SOS Moderate (October) ETF (PSMO) is 1.53%, while iShares Large Cap Deep Buffer ETF (IVVB) has a volatility of 2.74%. This indicates that PSMO experiences smaller price fluctuations and is considered to be less risky than IVVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSMO	IVVB	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.53%	2.74%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	5.09%	5.61%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	6.33%	7.76%	-1.43%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.37%	9.21%	-0.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.37%	9.21%	-0.84%

PSMO vs. IVVB - Expense Ratio Comparison

PSMO has a 0.60% expense ratio, which is higher than IVVB's 0.50% expense ratio.

Dividends

PSMO vs. IVVB - Dividend Comparison

PSMO has not paid dividends to shareholders, while IVVB's dividend yield for the trailing twelve months is around 1.14%.

Position	TTM	2025	2024
IVVB iShares Large Cap Deep Buffer ETF	1.14%	1.22%	0.87%
PSMO Pacer Swan SOS Moderate (October) ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSMO and IVVB in my portfolio?

PSMO and IVVB have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSMO or IVVB?

IVVB has higher volatility (2.74%) compared to PSMO (1.53%). In terms of maximum drawdown, PSMO dropped -9.77% vs IVVB's -13.08%.

Which ETF is better, PSMO or IVVB?

On 3-year performance, IVVB leads with 12.45% vs 12.18% for PSMO. On fees, IVVB is cheaper at 0.50% 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.

Which ETF has performed better, PSMO or IVVB?

Over the 3-year period, IVVB has performed better with a 12.45% return vs 12.18%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSMO or IVVB?

IVVB is cheaper with a 0.50% expense ratio, compared with 0.60% for PSMO.

Which ETF pays a higher dividend yield, PSMO or IVVB?

IVVB has the higher dividend yield at 1.14%, compared with 0.00% for PSMO.

What is the main difference between PSMO and IVVB?

They also come from different issuers: Pacer and iShares. Their fees differ too: 0.60% for PSMO and 0.50% for IVVB.

Which has better risk-adjusted returns?

PSMO currently has the higher Sharpe Ratio (2.03 vs 1.79), 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.