PSMR vs. KMAR

Last updated Jun 25, 2026

PSMR (Pacer Swan SOS Moderate (April) ETF) and KMAR (Innovator U.S. Small Cap Power Buffer ETF - March) are both Defined Outcome funds. PSMR is actively managed, while KMAR is passively managed. Over the past year, PSMR returned 13.15% vs 23.23% for KMAR. A 0.74 correlation means they provide meaningful diversification when combined. PSMR charges 0.61%/yr vs 0.79%/yr for KMAR.

Performance

PSMR vs. KMAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (April) ETF (PSMR) and Innovator U.S. Small Cap Power Buffer ETF - March (KMAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSMR achieves a 7.28% return, which is significantly lower than KMAR's 11.31% return.

PSMR

• 1D: -0.08%
• 1M: 0.02%
• YTD: 7.28%
• 6M: 7.16%
• 1Y: 13.15%
• 3Y*: 11.23%
• 5Y*: 8.31%
• 10Y*: —

KMAR

• 1D: 0.23%
• 1M: 1.99%
• YTD: 11.31%
• 6M: 10.34%
• 1Y: 23.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSMR vs. KMAR - Yearly Performance Comparison

	2026 (YTD)	2025
PSMR Pacer Swan SOS Moderate (April) ETF	7.28%	4.90%
KMAR Innovator U.S. Small Cap Power Buffer ETF - March	11.31%	11.45%

Correlation

The correlation between PSMR and KMAR is 0.68, 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	0.68
Correlation (All Time) Calculated using the full available price history since Mar 3, 2025	0.74

The correlation between PSMR and KMAR has been stable across timeframes, ranging from 0.68 to 0.74 - a consistent structural relationship.

Return for Risk

PSMR vs. KMAR — Risk / Return Rank

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

PSMR

PSMR Risk / Return Rank: 97
PSMR Sharpe Ratio Rank: 96
PSMR Sortino Ratio Rank: 97
PSMR Omega Ratio Rank: 97
PSMR Calmar Ratio Rank: 98
PSMR Martin Ratio Rank: 98

KMAR

KMAR Risk / Return Rank: 89
KMAR Sharpe Ratio Rank: 87
KMAR Sortino Ratio Rank: 90
KMAR Omega Ratio Rank: 87
KMAR Calmar Ratio Rank: 90
KMAR Martin Ratio Rank: 92

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.

PSMR vs. KMAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (April) ETF (PSMR) and Innovator U.S. Small Cap Power Buffer ETF - March (KMAR). 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.

	PSMR	KMAR	Difference
Sharpe ratio: Return per unit of total volatility	3.70	2.48	+1.22
Sortino ratio: Return per unit of downside risk	6.14	3.61	+2.54
Omega ratio: Gain probability vs. loss probability	1.81	1.46	+0.35
Calmar ratio: Return relative to maximum drawdown	12.13	4.77	+7.36
Martin ratio: Return relative to average drawdown	56.32	19.52	+36.80

PSMR vs. KMAR - Sharpe Ratio Comparison

The current PSMR Sharpe Ratio is 3.70, which is higher than the KMAR Sharpe Ratio of 2.48. The chart below compares the historical Sharpe Ratios of PSMR and KMAR, 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

PSMR vs. KMAR - Drawdown Comparison

The maximum PSMR drawdown since its inception was -11.78%, roughly equal to the maximum KMAR drawdown of -11.32%. Use the drawdown chart below to compare losses from any high point for PSMR and KMAR.

Drawdown Indicators

	PSMR	KMAR	Difference
Max Drawdown Largest peak-to-trough decline	-11.78%	-11.32%	-0.46%
Max Drawdown (1Y) Largest decline over 1 year	-1.09%	-4.89%	+3.80%
Max Drawdown (3Y) Largest decline over 3 years	-11.78%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-11.78%	—	—
Current Drawdown Current decline from peak	-0.63%	-0.30%	-0.33%
Average Drawdown Average peak-to-trough decline	-1.65%	-1.34%	-0.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	1.19%	-0.96%

Volatility

PSMR vs. KMAR - Volatility Comparison

The current volatility for Pacer Swan SOS Moderate (April) ETF (PSMR) is 1.44%, while Innovator U.S. Small Cap Power Buffer ETF - March (KMAR) has a volatility of 2.99%. This indicates that PSMR experiences smaller price fluctuations and is considered to be less risky than KMAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSMR	KMAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.44%	2.99%	-1.55%
Volatility (6M) Calculated over the trailing 6-month period	2.78%	6.72%	-3.94%
Volatility (1Y) Calculated over the trailing 1-year period	3.60%	9.44%	-5.84%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.50%	12.15%	-3.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.39%	12.15%	-3.76%

PSMR vs. KMAR - Expense Ratio Comparison

PSMR has a 0.61% expense ratio, which is lower than KMAR's 0.79% expense ratio.

Dividends

PSMR vs. KMAR - Dividend Comparison

Neither PSMR nor KMAR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PSMR and KMAR in my portfolio?

PSMR and KMAR have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSMR or KMAR?

KMAR has higher volatility (2.99%) compared to PSMR (1.44%). In terms of maximum drawdown, PSMR dropped -11.78% vs KMAR's -11.32%.

Which ETF is better, PSMR or KMAR?

On 1-year performance, KMAR leads with 23.23% vs 13.15% for PSMR. On fees, PSMR is cheaper at 0.61% per year. On volatility, PSMR has been the lower-risk option at 1.44%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSMR or KMAR?

Over the 1-year period, KMAR has performed better with a 23.23% return vs 13.15%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSMR or KMAR?

PSMR is cheaper with a 0.61% expense ratio, compared with 0.79% for KMAR.

Which ETF pays a higher dividend yield, PSMR or KMAR?

PSMR and KMAR have nearly identical dividend yields, around 0.00%.

What is the main difference between PSMR and KMAR?

They also come from different issuers: Pacer and Innovator. Their fees differ too: 0.61% for PSMR and 0.79% for KMAR.

Which has better risk-adjusted returns?

PSMR currently has the higher Sharpe Ratio (3.70 vs 2.48), 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.