PSMR vs. NAUG

Last updated Jun 23, 2026

PSMR (Pacer Swan SOS Moderate (April) ETF) and NAUG (Innovator Growth-100 Power Buffer ETF) are both Defined Outcome funds. Both are actively managed. Over the past year, PSMR returned 14.73% vs 17.77% for NAUG. Their correlation of 0.81 suggests significant overlap in exposure. PSMR charges 0.61%/yr vs 0.79%/yr for NAUG.

Performance

PSMR vs. NAUG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (April) ETF (PSMR) and Innovator Growth-100 Power Buffer ETF (NAUG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSMR achieves a 7.75% return, which is significantly higher than NAUG's 6.85% return.

PSMR

• 1D: -0.12%
• 1M: 0.45%
• YTD: 7.75%
• 6M: 7.88%
• 1Y: 14.73%
• 3Y*: 11.39%
• 5Y*: 8.49%
• 10Y*: —

NAUG

• 1D: -0.00%
• 1M: 0.63%
• YTD: 6.85%
• 6M: 6.88%
• 1Y: 17.77%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSMR vs. NAUG - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSMR Pacer Swan SOS Moderate (April) ETF	7.75%	6.74%	5.09%
NAUG Innovator Growth-100 Power Buffer ETF	6.85%	14.81%	5.68%

Correlation

The correlation between PSMR and NAUG is 0.74, 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	0.74
Correlation (All Time) Calculated using the full available price history since Aug 1, 2024	0.81

The correlation between PSMR and NAUG has been stable across timeframes, ranging from 0.74 to 0.81 - a consistent structural relationship.

Return for Risk

PSMR vs. NAUG — Risk / Return Rank

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

PSMR

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

NAUG

NAUG Risk / Return Rank: 80
NAUG Sharpe Ratio Rank: 80
NAUG Sortino Ratio Rank: 82
NAUG Omega Ratio Rank: 84
NAUG Calmar Ratio Rank: 71
NAUG Martin Ratio Rank: 85

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. NAUG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (April) ETF (PSMR) and Innovator Growth-100 Power Buffer ETF (NAUG). 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	NAUG	Difference
Sharpe ratio: Return per unit of total volatility	4.11	2.45	+1.66
Sortino ratio: Return per unit of downside risk	6.94	3.46	+3.49
Omega ratio: Gain probability vs. loss probability	1.93	1.49	+0.44
Calmar ratio: Return relative to maximum drawdown	13.58	3.50	+10.08
Martin ratio: Return relative to average drawdown	64.74	17.06	+47.68

PSMR vs. NAUG - Sharpe Ratio Comparison

The current PSMR Sharpe Ratio is 4.11, which is higher than the NAUG Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of PSMR and NAUG, 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. NAUG - Drawdown Comparison

The maximum PSMR drawdown since its inception was -11.78%, smaller than the maximum NAUG drawdown of -12.88%. Use the drawdown chart below to compare losses from any high point for PSMR and NAUG.

Drawdown Indicators

	PSMR	NAUG	Difference
Max Drawdown Largest peak-to-trough decline	-11.78%	-12.88%	+1.10%
Max Drawdown (1Y) Largest decline over 1 year	-1.09%	-5.10%	+4.01%
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	-0.20%	-0.00%	-0.20%
Average Drawdown Average peak-to-trough decline	-1.65%	-1.20%	-0.45%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.23%	1.04%	-0.81%

Volatility

PSMR vs. NAUG - Volatility Comparison

Pacer Swan SOS Moderate (April) ETF (PSMR) has a higher volatility of 1.40% compared to Innovator Growth-100 Power Buffer ETF (NAUG) at 1.23%. This indicates that PSMR's price experiences larger fluctuations and is considered to be riskier than NAUG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSMR	NAUG	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.40%	1.23%	+0.17%
Volatility (6M) Calculated over the trailing 6-month period	2.76%	5.50%	-2.74%
Volatility (1Y) Calculated over the trailing 1-year period	3.60%	7.29%	-3.69%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.50%	11.15%	-2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.39%	11.15%	-2.76%

PSMR vs. NAUG - Expense Ratio Comparison

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

Dividends

PSMR vs. NAUG - Dividend Comparison

Neither PSMR nor NAUG has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both PSMR and NAUG in my portfolio?

PSMR and NAUG have a correlation of 0.74, 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 NAUG?

PSMR has higher volatility (1.40%) compared to NAUG (1.23%). In terms of maximum drawdown, PSMR dropped -11.78% vs NAUG's -12.88%.

Which ETF is better, PSMR or NAUG?

On 1-year performance, NAUG leads with 17.77% vs 14.73% for PSMR. On fees, PSMR is cheaper at 0.61% per year. On volatility, NAUG has been the lower-risk option at 1.23%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSMR or NAUG?

Over the 1-year period, NAUG has performed better with a 17.77% return vs 14.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSMR or NAUG?

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

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

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

What is the main difference between PSMR and NAUG?

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

Which has better risk-adjusted returns?

PSMR currently has the higher Sharpe Ratio (4.11 vs 2.45), 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.