SPQ vs. PSMD

Last updated Jun 4, 2026

SPQ (Simplify US Equity Plus QIS ETF) and PSMD (Pacer Swan SOS Moderate (December) ETF) are both Large Cap Blend Equities funds. Both are actively managed. A 0.51 correlation means they provide meaningful diversification when combined. SPQ charges 1.00%/yr vs 0.75%/yr for PSMD.

Performance

SPQ vs. PSMD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Simplify US Equity Plus QIS ETF (SPQ) and Pacer Swan SOS Moderate (December) ETF (PSMD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

SPQ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSMD

• 1D: -0.11%
• 1M: 2.03%
• YTD: 5.54%
• 6M: 6.22%
• 1Y: 15.08%
• 3Y*: 12.73%
• 5Y*: 9.26%
• 10Y*: —

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

SPQ vs. PSMD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPQ Simplify US Equity Plus QIS ETF	0.00%	-4.67%	20.38%	5.51%
PSMD Pacer Swan SOS Moderate (December) ETF	5.54%	11.45%	12.78%	2.39%

Correlation

The correlation between SPQ and PSMD is 0.51, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 15, 2023	0.51

Return for Risk

SPQ vs. PSMD — Risk / Return Rank

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

PSMD

PSMD Risk / Return Rank: 83
PSMD Sharpe Ratio Rank: 83
PSMD Sortino Ratio Rank: 88
PSMD Omega Ratio Rank: 89
PSMD Calmar Ratio Rank: 69
PSMD Martin Ratio Rank: 86

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.

SPQ vs. PSMD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Simplify US Equity Plus QIS ETF (SPQ) and Pacer Swan SOS Moderate (December) ETF (PSMD). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	SPQ	PSMD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.70	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	1.17	—

Drawdowns

Drawdown Indicators

	SPQ	PSMD	Difference
Max Drawdown Largest peak-to-trough decline	—	-11.96%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.42%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-10.70%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-11.96%	—
Current Drawdown Current decline from peak	—	-0.12%	—
Average Drawdown Average peak-to-trough decline	—	-1.66%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	0.83%	—

Volatility

Volatility by Period

	SPQ	PSMD	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	0.85%	—
Volatility (6M) Calculated over the trailing 6-month period	—	4.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	5.62%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	8.60%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	8.47%	—

SPQ vs. PSMD - Expense Ratio Comparison

SPQ has a 1.00% expense ratio, which is higher than PSMD's 0.75% expense ratio.

Dividends

SPQ vs. PSMD - Dividend Comparison

Neither SPQ nor PSMD has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
PSMD Pacer Swan SOS Moderate (December) ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.47%
SPQ Simplify US Equity Plus QIS ETF	0.00%	0.31%	17.17%	1.68%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPQ and PSMD in my portfolio?

SPQ and PSMD have a correlation of 0.51, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPQ or PSMD?

On fees, PSMD is cheaper at 0.75% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPQ or PSMD?

PSMD is cheaper with a 0.75% expense ratio, compared with 1.00% for SPQ.

Which ETF pays a higher dividend yield, SPQ or PSMD?

SPQ and PSMD have nearly identical dividend yields, around 0.00%.

What is the main difference between SPQ and PSMD?

They also come from different issuers: Simplify and Pacer. Their fees differ too: 1.00% for SPQ and 0.75% for PSMD.