PSMR vs. GSG
PSMR (Pacer Swan SOS Moderate (April) ETF) and GSG (iShares S&P GSCI Commodity-Indexed Trust) are both exchange-traded funds - PSMR is a Defined Outcome fund actively managed by Pacer, while GSG is a Commodities fund tracking the S&P GSCI Total Return Index. PSMR is actively managed, while GSG is passively managed. Over the past 5 years, PSMR returned 8.52%/yr vs 15.74%/yr for GSG. At a 0.14 correlation, their price movements are largely independent. PSMR charges 0.61%/yr vs 0.75%/yr for GSG.
Performance
PSMR vs. GSG - Performance Comparison
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Returns By Period
In the year-to-date period, PSMR achieves a 7.68% return, which is significantly lower than GSG's 42.58% return.
PSMR
- 1D
- -0.15%
- 1M
- 1.54%
- YTD
- 7.68%
- 6M
- 8.38%
- 1Y
- 14.83%
- 3Y*
- 11.71%
- 5Y*
- 8.52%
- 10Y*
- —
GSG
- 1D
- 0.77%
- 1M
- -4.83%
- YTD
- 42.58%
- 6M
- 41.06%
- 1Y
- 51.52%
- 3Y*
- 19.31%
- 5Y*
- 15.74%
- 10Y*
- 7.69%
PSMR vs. GSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSMR Pacer Swan SOS Moderate (April) ETF | 7.68% | 6.74% | 11.99% | 16.85% | -4.11% | 7.37% |
GSG iShares S&P GSCI Commodity-Indexed Trust | 42.58% | 5.93% | 8.52% | -5.51% | 24.08% | 21.00% |
Correlation
The correlation between PSMR and GSG is -0.17, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.17 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (All Time) Calculated using the full available price history since Apr 5, 2021 | 0.14 |
The correlation between PSMR and GSG shifts across timeframes, from -0.17 (1 year) to 0.15 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSMR vs. GSG — Risk / Return Rank
PSMR
GSG
PSMR vs. GSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (April) ETF (PSMR) and iShares S&P GSCI Commodity-Indexed Trust (GSG). 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.
| PSMR | GSG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.97 | ||
| Sortino ratioReturn per unit of downside risk | +4.41 | ||
| Omega ratioGain probability vs. loss probability | 1.96 | 1.40 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 15.03 | 5.47 | +9.56 |
| Martin ratioReturn relative to average drawdown | 73.58 | 14.39 | +59.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSMR | GSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.23 | 2.26 | +1.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.01 | 0.70 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.35 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.05 | -0.09 | +1.14 |
Drawdowns
PSMR vs. GSG - Drawdown Comparison
The maximum PSMR drawdown since its inception was -11.78%, smaller than the maximum GSG drawdown of -89.62%. Use the drawdown chart below to compare losses from any high point for PSMR and GSG.
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Drawdown Indicators
| PSMR | GSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.78% | -89.62% | +77.84% |
Max Drawdown (1Y)Largest decline over 1 year | -0.99% | -9.46% | +8.47% |
Max Drawdown (3Y)Largest decline over 3 years | -11.78% | -14.94% | +3.16% |
Max Drawdown (5Y)Largest decline over 5 years | -11.78% | -29.12% | +17.34% |
Max Drawdown (10Y)Largest decline over 10 years | — | -57.64% | — |
Current DrawdownCurrent decline from peak | -0.15% | -56.95% | +56.80% |
Average DrawdownAverage peak-to-trough decline | -1.67% | -63.71% | +62.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.20% | 3.59% | -3.39% |
Volatility
PSMR vs. GSG - Volatility Comparison
The current volatility for Pacer Swan SOS Moderate (April) ETF (PSMR) is 0.71%, while iShares S&P GSCI Commodity-Indexed Trust (GSG) has a volatility of 7.65%. This indicates that PSMR experiences smaller price fluctuations and is considered to be less risky than GSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSMR | GSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.71% | 7.65% | -6.94% |
Volatility (6M)Calculated over the trailing 6-month period | 2.48% | 20.42% | -17.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.53% | 22.95% | -19.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.48% | 22.61% | -14.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.41% | 22.03% | -13.62% |
PSMR vs. GSG - Expense Ratio Comparison
PSMR has a 0.61% expense ratio, which is lower than GSG's 0.75% expense ratio.
Dividends
PSMR vs. GSG - Dividend Comparison
Neither PSMR nor GSG has paid dividends to shareholders.
Frequently Asked Questions
PSMR and GSG have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GSG has higher volatility (7.65%) compared to PSMR (0.71%). In terms of maximum drawdown, PSMR dropped -11.78% vs GSG's -89.62%.
On 5-year performance, GSG leads with 15.74% vs 8.52% for PSMR. On fees, PSMR is cheaper at 0.61% per year. On volatility, PSMR has been the lower-risk option at 0.71%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GSG has performed better with a 15.74% return vs 8.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSMR is cheaper with a 0.61% expense ratio, compared with 0.75% for GSG.
PSMR and GSG have nearly identical dividend yields, around 0.00%.
PSMR is categorized as Defined Outcome, while GSG is Commodities. They also come from different issuers: Pacer and iShares. Their fees differ too: 0.61% for PSMR and 0.75% for GSG.
PSMR currently has the higher Sharpe Ratio (4.23 vs 2.26), 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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