PSMO vs. QFLR

Last updated Jun 4, 2026

PSMO (Pacer Swan SOS Moderate (October) ETF) and QFLR (Innovator Nasdaq-100 Managed Floor ETF) are both exchange-traded funds - PSMO is a Options Trading fund actively managed by Pacer, while QFLR is a Nasdaq-100 fund actively managed by Innovator. Both are actively managed. Over the past year, PSMO returned 14.86% vs 26.98% for QFLR. A 0.76 correlation means they provide meaningful diversification when combined. PSMO charges 0.60%/yr vs 0.89%/yr for QFLR.

Performance

PSMO vs. QFLR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (October) ETF (PSMO) and Innovator Nasdaq-100 Managed Floor ETF (QFLR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSMO achieves a 5.45% return, which is significantly lower than QFLR's 6.90% return.

PSMO

• 1D: -0.14%
• 1M: 2.03%
• YTD: 5.45%
• 6M: 6.07%
• 1Y: 14.86%
• 3Y*: 12.40%
• 5Y*: —
• 10Y*: —

QFLR

• 1D: 0.01%
• 1M: 3.99%
• YTD: 6.90%
• 6M: 5.88%
• 1Y: 26.98%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSMO vs. QFLR - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSMO Pacer Swan SOS Moderate (October) ETF	5.45%	11.44%	8.24%
QFLR Innovator Nasdaq-100 Managed Floor ETF	6.90%	17.27%	16.64%

Correlation

The correlation between PSMO and QFLR is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jan 26, 2024	0.76

The correlation between PSMO and QFLR has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.

PSMO vs. QFLR - Sectors Allocation Comparison

Sectors	PSMO	QFLR
Technology	36.2%	50.8%
Financial Services	11.9%	0.9%
Communication Services	10.9%	18.4%
Consumer Cyclical	10.1%	12.1%
Healthcare	8.4%	3.2%
Industrials	8.1%	2.8%
Consumer Defensive	4.9%	9.2%
Energy	3.5%	1.1%
Utilities	2.3%	1.5%
Real Estate	1.9%	-
Basic Materials	1.8%	0.0%

Return for Risk

PSMO vs. QFLR — Risk / Return Rank

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

PSMO

PSMO Risk / Return Rank: 79
PSMO Sharpe Ratio Rank: 78
PSMO Sortino Ratio Rank: 84
PSMO Omega Ratio Rank: 84
PSMO Calmar Ratio Rank: 68
PSMO Martin Ratio Rank: 83

QFLR

QFLR Risk / Return Rank: 74
QFLR Sharpe Ratio Rank: 73
QFLR Sortino Ratio Rank: 71
QFLR Omega Ratio Rank: 74
QFLR Calmar Ratio Rank: 71
QFLR Martin Ratio Rank: 78

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.

PSMO vs. QFLR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (October) ETF (PSMO) and Innovator Nasdaq-100 Managed Floor ETF (QFLR). 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.

	PSMO	QFLR	Difference
Sharpe ratio: Return per unit of total volatility	2.51	2.41	+0.10
Sortino ratio: Return per unit of downside risk	3.72	3.26	+0.46
Omega ratio: Gain probability vs. loss probability	1.50	1.44	+0.06
Calmar ratio: Return relative to maximum drawdown	3.33	3.56	-0.23
Martin ratio: Return relative to average drawdown	16.94	15.19	+1.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSMO vs. QFLR - Sharpe Ratio Comparison

The current PSMO Sharpe Ratio is 2.51, which is comparable to the QFLR Sharpe Ratio of 2.41. The chart below compares the historical Sharpe Ratios of PSMO and QFLR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSMO	QFLR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.51	2.41	+0.10
Sharpe Ratio (All Time) Calculated using the full available price history	1.22	1.40	-0.18

Drawdowns

PSMO vs. QFLR - Drawdown Comparison

The maximum PSMO drawdown since its inception was -9.77%, smaller than the maximum QFLR drawdown of -13.97%. Use the drawdown chart below to compare losses from any high point for PSMO and QFLR.

Drawdown Indicators

	PSMO	QFLR	Difference
Max Drawdown Largest peak-to-trough decline	-9.77%	-13.97%	+4.20%
Max Drawdown (1Y) Largest decline over 1 year	-4.48%	-7.61%	+3.13%
Max Drawdown (3Y) Largest decline over 3 years	-9.77%	—	—
Current Drawdown Current decline from peak	-0.14%	-0.48%	+0.34%
Average Drawdown Average peak-to-trough decline	-1.33%	-2.50%	+1.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.88%	1.78%	-0.90%

Volatility

PSMO vs. QFLR - Volatility Comparison

The current volatility for Pacer Swan SOS Moderate (October) ETF (PSMO) is 0.85%, while Innovator Nasdaq-100 Managed Floor ETF (QFLR) has a volatility of 2.53%. This indicates that PSMO experiences smaller price fluctuations and is considered to be less risky than QFLR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSMO	QFLR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.85%	2.53%	-1.68%
Volatility (6M) Calculated over the trailing 6-month period	4.56%	8.05%	-3.49%
Volatility (1Y) Calculated over the trailing 1-year period	5.95%	11.28%	-5.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.40%	12.62%	-4.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.40%	12.62%	-4.22%

PSMO vs. QFLR - Expense Ratio Comparison

PSMO has a 0.60% expense ratio, which is lower than QFLR's 0.89% expense ratio.

Dividends

PSMO vs. QFLR - Dividend Comparison

Neither PSMO nor QFLR has paid dividends to shareholders.

Position	TTM	2025	2024
PSMO Pacer Swan SOS Moderate (October) ETF	0.00%	0.00%	0.00%
QFLR Innovator Nasdaq-100 Managed Floor ETF	0.00%	0.02%	0.03%

Frequently Asked Questions

Can I hold both PSMO and QFLR in my portfolio?

PSMO and QFLR have a correlation of 0.83, 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 QFLR?

QFLR has higher volatility (2.53%) compared to PSMO (0.85%). In terms of maximum drawdown, PSMO dropped -9.77% vs QFLR's -13.97%.

Which ETF is better, PSMO or QFLR?

On 1-year performance, QFLR leads with 26.98% vs 14.86% for PSMO. On fees, PSMO is cheaper at 0.60% per year. On volatility, PSMO has been the lower-risk option at 0.85%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSMO or QFLR?

Over the 1-year period, QFLR has performed better with a 26.98% return vs 14.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSMO or QFLR?

PSMO is cheaper with a 0.60% expense ratio, compared with 0.89% for QFLR.

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

PSMO and QFLR have nearly identical dividend yields, around 0.00%.

What is the main difference between PSMO and QFLR?

PSMO is categorized as Options Trading, while QFLR is Nasdaq-100. They also come from different issuers: Pacer and Innovator. Their fees differ too: 0.60% for PSMO and 0.89% for QFLR.

Which has better risk-adjusted returns?

PSMO currently has the higher Sharpe Ratio (2.51 vs 2.41), 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.