PWS vs. ACIO

Last updated Aug 2, 2026

PWS (Pacer WealthShield ETF) and ACIO (Aptus Collared Income Opportunity ETF) are both Diversified Portfolio funds. PWS is passively managed, while ACIO is actively managed. Over the past 5 years, PWS returned 1.52%/yr vs 9.08%/yr for ACIO. Their 0.53 correlation means they have sometimes moved together and sometimes differently. PWS charges 0.60%/yr vs 0.79%/yr for ACIO.

Performance

PWS vs. ACIO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pacer WealthShield ETF (PWS) and Aptus Collared Income Opportunity ETF (ACIO). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PWS achieves a -0.34% return, which is significantly lower than ACIO's 5.38% return.

PWS

• 1D: -0.54%
• 1M: -1.75%
• 6M: -2.53%
• YTD: -0.34%
• 1Y: 6.04%
• 3Y*: 6.01%
• 5Y*: 1.52%
• 10Y*: —
• ALL TIME*: 4.27%

ACIO

• 1D: 0.64%
• 1M: -0.48%
• 6M: 4.80%
• YTD: 5.38%
• 1Y: 11.77%
• 3Y*: 13.58%
• 5Y*: 9.08%
• 10Y*: —
• ALL TIME*: 9.92%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
ACIO Aptus Collared Income Opportunity ETF	$6.61M	$6.60M	$6.14M
PWS Pacer WealthShield ETF	$30.91K	$71.31K	$181.41K

PWS vs. ACIO - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
PWS Pacer WealthShield ETF	-0.34%	8.05%	14.01%	-3.58%	-12.10%	14.43%	22.16%	-1.50%
ACIO Aptus Collared Income Opportunity ETF	5.38%	9.03%	21.92%	15.90%	-10.31%	18.03%	9.85%	3.30%

Correlation

The correlation between PWS and ACIO is 0.58, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.58
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (All Time) Calculated using the full available price history since Jul 10, 2019	0.53

The correlation between PWS and ACIO has been stable across timeframes, ranging from 0.53 to 0.61 - a consistent structural relationship.

Return for Risk

PWS vs. ACIO — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PWS

PWS Risk / Return Rank: 20
PWS Sharpe Ratio Rank: 19
PWS Sortino Ratio Rank: 18
PWS Omega Ratio Rank: 18
PWS Calmar Ratio Rank: 22
PWS Martin Ratio Rank: 21

ACIO

ACIO Risk / Return Rank: 45
ACIO Sharpe Ratio Rank: 47
ACIO Sortino Ratio Rank: 45
ACIO Omega Ratio Rank: 45
ACIO Calmar Ratio Rank: 41
ACIO Martin Ratio Rank: 47

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

PWS vs. ACIO - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pacer WealthShield ETF (PWS) and Aptus Collared Income Opportunity ETF (ACIO). 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.

	PWS	ACIO	Difference
Sharpe ratio: Return per unit of total volatility	0.37	1.15	-0.78
Sortino ratio: Return per unit of downside risk	0.60	1.64	-1.03
Omega ratio: Gain probability vs. loss probability	1.07	1.21	-0.13
Calmar ratio: Return relative to maximum drawdown	0.63	1.46	-0.83
Martin ratio: Return relative to average drawdown	1.39	5.28	-3.89

PWS vs. ACIO - Sharpe Ratio Comparison

The current PWS Sharpe Ratio is 0.37, which is lower than the ACIO Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of PWS and ACIO, 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

PWS vs. ACIO - Drawdown Comparison

The maximum PWS drawdown since its inception was -24.93%, which is greater than ACIO's maximum drawdown of -14.19%. Use the drawdown chart below to compare losses from any high point for PWS and ACIO.

Drawdown Indicators

	PWS	ACIO	Difference
Max Drawdown Largest peak-to-trough decline	-24.93%	-14.19%	-10.74%
Max Drawdown (1Y) Largest decline over 1 year	-6.88%	-7.22%	+0.34%
Max Drawdown (3Y) Largest decline over 3 years	-10.47%	-12.12%	+1.65%
Max Drawdown (5Y) Largest decline over 5 years	-24.93%	-14.00%	-10.93%
Current Drawdown Current decline from peak	-4.15%	-2.34%	-1.81%
Average Drawdown Average peak-to-trough decline	-9.01%	-3.16%	-5.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.13%	2.00%	+1.13%

Volatility

PWS vs. ACIO - Volatility Comparison

Pacer WealthShield ETF (PWS) and Aptus Collared Income Opportunity ETF (ACIO) have volatilities of 2.96% and 2.97%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PWS	ACIO	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.96%	2.97%	-0.01%
Volatility (6M) Calculated over the trailing 6-month period	7.56%	7.15%	+0.41%
Volatility (1Y) Calculated over the trailing 1-year period	11.74%	9.17%	+2.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.78%	11.14%	+0.64%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.33%	11.64%	+2.69%

PWS vs. ACIO - Expense Ratio Comparison

PWS has a 0.60% expense ratio, which is lower than ACIO's 0.79% expense ratio.

Dividends

PWS vs. ACIO - Dividend Comparison

PWS's dividend yield for the trailing twelve months is around 1.32%, more than ACIO's 0.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018
ACIO Aptus Collared Income Opportunity ETF	0.38%	0.37%	0.44%	0.72%	1.51%	0.61%	1.02%	1.32%	0.00%
PWS Pacer WealthShield ETF	1.32%	1.59%	1.33%	2.21%	1.45%	0.94%	0.53%	1.77%	1.16%

Frequently Asked Questions

Can I hold both PWS and ACIO in my portfolio?

PWS and ACIO have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PWS or ACIO?

ACIO has higher volatility (2.97%) compared to PWS (2.96%). In terms of maximum drawdown, PWS dropped -24.93% vs ACIO's -14.19%.

Which ETF is better, PWS or ACIO?

On 5-year performance, ACIO leads with 9.08% vs 1.52% for PWS. On fees, PWS is cheaper at 0.60% per year. Their volatility is very similar. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PWS or ACIO?

Over the 5-year period, ACIO has performed better with a 9.08% return vs 1.52%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PWS or ACIO?

PWS is cheaper with a 0.60% expense ratio, compared with 0.79% for ACIO.

Which ETF pays a higher dividend yield, PWS or ACIO?

PWS has the higher dividend yield at 1.32%, compared with 0.38% for ACIO.

What is the main difference between PWS and ACIO?

They also come from different issuers: Pacer and Aptus. Their fees differ too: 0.60% for PWS and 0.79% for ACIO.

Which has better risk-adjusted returns?

ACIO currently has the higher Sharpe Ratio (1.15 vs 0.37), 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.