PSMO vs. SPMO
PSMO (Pacer Swan SOS Moderate (October) ETF) and SPMO (Invesco S&P 500 Momentum ETF) are both exchange-traded funds - PSMO is a Options Trading fund actively managed by Pacer, while SPMO is a Momentum fund tracking the S&P 500 Momentum Index. PSMO is actively managed, while SPMO is passively managed. Over the past 3 years, PSMO returned 11.84%/yr vs 42.47%/yr for SPMO. A 0.76 correlation means they provide meaningful diversification when combined. PSMO charges 0.60%/yr vs 0.13%/yr for SPMO.
Performance
PSMO vs. SPMO - Performance Comparison
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Returns By Period
In the year-to-date period, PSMO achieves a 5.01% return, which is significantly lower than SPMO's 29.91% return.
PSMO
- 1D
- -0.45%
- 1M
- 0.05%
- YTD
- 5.01%
- 6M
- 4.46%
- 1Y
- 13.37%
- 3Y*
- 11.84%
- 5Y*
- —
- 10Y*
- —
SPMO
- 1D
- -4.53%
- 1M
- 6.65%
- YTD
- 29.91%
- 6M
- 28.13%
- 1Y
- 43.55%
- 3Y*
- 42.47%
- 5Y*
- 22.89%
- 10Y*
- 21.03%
PSMO vs. SPMO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSMO Pacer Swan SOS Moderate (October) ETF | 5.01% | 11.44% | 9.44% | 20.50% | -1.32% | 2.88% |
SPMO Invesco S&P 500 Momentum ETF | 29.91% | 26.58% | 45.82% | 17.56% | -10.45% | 7.02% |
Correlation
The correlation between PSMO and SPMO is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Oct 1, 2021 | 0.76 |
The correlation between PSMO and SPMO has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
PSMO vs. SPMO — Risk / Return Rank
PSMO
SPMO
PSMO vs. SPMO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (October) ETF (PSMO) and Invesco S&P 500 Momentum ETF (SPMO). 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 | SPMO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 3.45 | -0.45 |
| Martin ratioReturn relative to average drawdown | 15.09 | 12.97 | +2.12 |
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Drawdowns
PSMO vs. SPMO - Drawdown Comparison
The maximum PSMO drawdown since its inception was -9.77%, smaller than the maximum SPMO drawdown of -30.95%. Use the drawdown chart below to compare losses from any high point for PSMO and SPMO.
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Drawdown Indicators
| PSMO | SPMO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -9.77% | -30.95% | +21.18% |
Max Drawdown (1Y)Largest decline over 1 year | -4.48% | -12.70% | +8.22% |
Max Drawdown (3Y)Largest decline over 3 years | -9.77% | -20.13% | +10.36% |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.74% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.95% | — |
Current DrawdownCurrent decline from peak | -0.66% | -4.53% | +3.87% |
Average DrawdownAverage peak-to-trough decline | -1.32% | -4.59% | +3.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.89% | 3.37% | -2.48% |
Volatility
PSMO vs. SPMO - Volatility Comparison
The current volatility for Pacer Swan SOS Moderate (October) ETF (PSMO) is 1.62%, while Invesco S&P 500 Momentum ETF (SPMO) has a volatility of 11.75%. This indicates that PSMO experiences smaller price fluctuations and is considered to be less risky than SPMO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSMO | SPMO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.62% | 11.75% | -10.13% |
Volatility (6M)Calculated over the trailing 6-month period | 4.70% | 17.78% | -13.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.99% | 20.55% | -14.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.38% | 19.88% | -11.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.38% | 20.60% | -12.22% |
PSMO vs. SPMO - Expense Ratio Comparison
PSMO has a 0.60% expense ratio, which is higher than SPMO's 0.13% expense ratio.
Dividends
PSMO vs. SPMO - Dividend Comparison
PSMO has not paid dividends to shareholders, while SPMO's dividend yield for the trailing twelve months is around 0.68%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% | 0.00% | 0.00% |
SPMO Invesco S&P 500 Momentum ETF | 0.68% | 0.73% | 0.48% | 1.63% | 1.66% | 0.52% | 1.27% | 1.39% | 1.05% | 0.77% | 1.94% | 0.36% |
Frequently Asked Questions
PSMO and SPMO have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
SPMO has higher volatility (11.75%) compared to PSMO (1.62%). In terms of maximum drawdown, PSMO dropped -9.77% vs SPMO's -30.95%.
On 3-year performance, SPMO leads with 42.47% vs 11.84% for PSMO. On fees, SPMO is cheaper at 0.13% per year. On volatility, PSMO 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 3-year period, SPMO has performed better with a 42.47% return vs 11.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
SPMO is cheaper with a 0.13% expense ratio, compared with 0.60% for PSMO.
SPMO has the higher dividend yield at 0.68%, compared with 0.00% for PSMO.
PSMO is categorized as Options Trading, while SPMO is Momentum. They also come from different issuers: Pacer and Invesco. Their fees differ too: 0.60% for PSMO and 0.13% for SPMO.
PSMO currently has the higher Sharpe Ratio (2.26 vs 2.13), 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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