PSMR vs. NVDO

Last updated Jun 4, 2026

PSMR (Pacer Swan SOS Moderate (April) ETF) and NVDO (Leverage Shares 2x Capped Accelerated NVDA Monthly ETF) are both Defined Outcome funds. Both are actively managed. At a 0.44 correlation, their price movements are largely independent. PSMR charges 0.61%/yr vs 0.77%/yr for NVDO.

Performance

PSMR vs. NVDO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer Swan SOS Moderate (April) ETF (PSMR) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSMR achieves a 7.68% return, which is significantly lower than NVDO's 18.85% return.

PSMR

• 1D: -0.15%
• 1M: 1.54%
• YTD: 7.68%
• 6M: 8.38%
• 1Y: 14.83%
• 3Y*: 11.71%
• 5Y*: 8.52%
• 10Y*: —

NVDO

• 1D: -2.46%
• 1M: 14.15%
• YTD: 18.85%
• 6M: 29.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSMR vs. NVDO - Yearly Performance Comparison

	2026 (YTD)	2025
PSMR Pacer Swan SOS Moderate (April) ETF	7.68%	3.09%
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	18.85%	11.12%

Correlation

The correlation between PSMR and NVDO is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 14, 2025	0.44

Return for Risk

PSMR vs. NVDO — 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: 98
PSMR Omega Ratio Rank: 97
PSMR Calmar Ratio Rank: 98
PSMR Martin Ratio Rank: 98

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. NVDO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer Swan SOS Moderate (April) ETF (PSMR) and Leverage Shares 2x Capped Accelerated NVDA Monthly ETF (NVDO). 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	NVDO	Difference
Sharpe ratio: Return per unit of total volatility	4.23	—	—
Sortino ratio: Return per unit of downside risk	7.28	—	—
Omega ratio: Gain probability vs. loss probability	1.96	—	—
Calmar ratio: Return relative to maximum drawdown	15.03	—	—
Martin ratio: Return relative to average drawdown	73.58	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSMR	NVDO	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.23	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.01	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.05	1.30	-0.25

Drawdowns

PSMR vs. NVDO - Drawdown Comparison

The maximum PSMR drawdown since its inception was -11.78%, smaller than the maximum NVDO drawdown of -16.25%. Use the drawdown chart below to compare losses from any high point for PSMR and NVDO.

Drawdown Indicators

	PSMR	NVDO	Difference
Max Drawdown Largest peak-to-trough decline	-11.78%	-16.25%	+4.47%
Max Drawdown (1Y) Largest decline over 1 year	-0.99%	—	—
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	-0.15%	-2.68%	+2.53%
Average Drawdown Average peak-to-trough decline	-1.67%	-4.99%	+3.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.20%	—	—

Volatility

Volatility by Period

	PSMR	NVDO	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.71%	—	—
Volatility (6M) Calculated over the trailing 6-month period	2.48%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	3.53%	31.93%	-28.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	8.48%	31.93%	-23.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	8.41%	31.93%	-23.52%

PSMR vs. NVDO - Expense Ratio Comparison

PSMR has a 0.61% expense ratio, which is lower than NVDO's 0.77% expense ratio.

Dividends

PSMR vs. NVDO - Dividend Comparison

PSMR has not paid dividends to shareholders, while NVDO's dividend yield for the trailing twelve months is around 14.02%.

Position	TTM	2025
NVDO Leverage Shares 2x Capped Accelerated NVDA Monthly ETF	14.02%	16.66%
PSMR Pacer Swan SOS Moderate (April) ETF	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSMR and NVDO in my portfolio?

PSMR and NVDO have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSMR or NVDO?

On fees, PSMR is cheaper at 0.61% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSMR or NVDO?

PSMR is cheaper with a 0.61% expense ratio, compared with 0.77% for NVDO.

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

NVDO has the higher dividend yield at 14.02%, compared with 0.00% for PSMR.

What is the main difference between PSMR and NVDO?

They also come from different issuers: Pacer and Leverage Shares. Their fees differ too: 0.61% for PSMR and 0.77% for NVDO.