UNOV vs. PSCX

Last updated Jun 4, 2026

UNOV (Innovator U.S. Equity Ultra Buffer ETF - November) and PSCX (Pacer Swan SOS Conservative (December) ETF) are both Large Cap Blend Equities funds. UNOV is passively managed, while PSCX is actively managed. Over the past 5 years, UNOV returned 6.68%/yr vs 8.46%/yr for PSCX. Their correlation of 0.80 suggests significant overlap in exposure. UNOV charges 0.79%/yr vs 0.75%/yr for PSCX.

Performance

UNOV vs. PSCX - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) and Pacer Swan SOS Conservative (December) ETF (PSCX). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, UNOV achieves a 5.40% return, which is significantly higher than PSCX's 5.11% return.

UNOV

• 1D: -0.22%
• 1M: 2.17%
• YTD: 5.40%
• 6M: 5.64%
• 1Y: 13.88%
• 3Y*: 10.20%
• 5Y*: 6.68%
• 10Y*: —

PSCX

• 1D: -0.12%
• 1M: 2.00%
• YTD: 5.11%
• 6M: 5.98%
• 1Y: 15.49%
• 3Y*: 12.85%
• 5Y*: 8.46%
• 10Y*: —

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

UNOV vs. PSCX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
UNOV Innovator U.S. Equity Ultra Buffer ETF - November	5.40%	9.92%	9.42%	14.18%	-6.23%	4.45%	0.18%
PSCX Pacer Swan SOS Conservative (December) ETF	5.11%	12.08%	13.27%	16.57%	-7.35%	9.03%	0.81%

Correlation

The correlation between UNOV and PSCX is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.86
Correlation (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (All Time) Calculated using the full available price history since Dec 24, 2020	0.80

The correlation between UNOV and PSCX has been stable across timeframes, ranging from 0.80 to 0.86 - a consistent structural relationship.

UNOV vs. PSCX - Sectors Allocation Comparison

Sectors	UNOV	PSCX
Technology	36.2%	33.2%
Financial Services	11.9%	12.5%
Communication Services	10.9%	10.3%
Consumer Cyclical	10.1%	10.0%
Healthcare	8.4%	9.6%
Industrials	8.1%	8.4%
Consumer Defensive	4.9%	5.4%
Energy	3.5%	4.2%
Utilities	2.3%	2.6%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.9%

Return for Risk

UNOV vs. PSCX — Risk / Return Rank

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

UNOV

UNOV Risk / Return Rank: 77
UNOV Sharpe Ratio Rank: 77
UNOV Sortino Ratio Rank: 81
UNOV Omega Ratio Rank: 84
UNOV Calmar Ratio Rank: 63
UNOV Martin Ratio Rank: 78

PSCX

PSCX Risk / Return Rank: 85
PSCX Sharpe Ratio Rank: 85
PSCX Sortino Ratio Rank: 90
PSCX Omega Ratio Rank: 90
PSCX Calmar Ratio Rank: 74
PSCX Martin Ratio Rank: 87

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.

UNOV vs. PSCX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) and Pacer Swan SOS Conservative (December) ETF (PSCX). 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.

	UNOV	PSCX	Difference
Sharpe ratio: Return per unit of total volatility	2.50	2.82	-0.32
Sortino ratio: Return per unit of downside risk	3.63	4.22	-0.59
Omega ratio: Gain probability vs. loss probability	1.51	1.58	-0.07
Calmar ratio: Return relative to maximum drawdown	3.08	3.70	-0.62
Martin ratio: Return relative to average drawdown	15.01	18.94	-3.93
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

UNOV vs. PSCX - Sharpe Ratio Comparison

The current UNOV Sharpe Ratio is 2.50, which is comparable to the PSCX Sharpe Ratio of 2.82. The chart below compares the historical Sharpe Ratios of UNOV and PSCX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	UNOV	PSCX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.50	2.82	-0.32
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.98	1.20	-0.22
Sharpe Ratio (All Time) Calculated using the full available price history	0.91	1.27	-0.36

Drawdowns

UNOV vs. PSCX - Drawdown Comparison

The maximum UNOV drawdown since its inception was -13.84%, which is greater than PSCX's maximum drawdown of -10.20%. Use the drawdown chart below to compare losses from any high point for UNOV and PSCX.

Drawdown Indicators

	UNOV	PSCX	Difference
Max Drawdown Largest peak-to-trough decline	-13.84%	-10.20%	-3.64%
Max Drawdown (1Y) Largest decline over 1 year	-4.52%	-4.20%	-0.32%
Max Drawdown (3Y) Largest decline over 3 years	-9.10%	-9.61%	+0.51%
Max Drawdown (5Y) Largest decline over 5 years	-9.10%	-10.20%	+1.10%
Current Drawdown Current decline from peak	-0.22%	-0.12%	-0.10%
Average Drawdown Average peak-to-trough decline	-1.66%	-1.87%	+0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.93%	0.82%	+0.11%

Volatility

UNOV vs. PSCX - Volatility Comparison

Innovator U.S. Equity Ultra Buffer ETF - November (UNOV) has a higher volatility of 1.14% compared to Pacer Swan SOS Conservative (December) ETF (PSCX) at 0.89%. This indicates that UNOV's price experiences larger fluctuations and is considered to be riskier than PSCX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	UNOV	PSCX	Difference
Volatility (1M) Calculated over the trailing 1-month period	1.14%	0.89%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	4.67%	4.21%	+0.46%
Volatility (1Y) Calculated over the trailing 1-year period	5.58%	5.53%	+0.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	6.83%	7.07%	-0.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	7.72%	6.96%	+0.76%

UNOV vs. PSCX - Expense Ratio Comparison

UNOV has a 0.79% expense ratio, which is higher than PSCX's 0.75% expense ratio.

Dividends

UNOV vs. PSCX - Dividend Comparison

Neither UNOV nor PSCX has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both UNOV and PSCX in my portfolio?

UNOV and PSCX have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, UNOV or PSCX?

UNOV has higher volatility (1.14%) compared to PSCX (0.89%). In terms of maximum drawdown, UNOV dropped -13.84% vs PSCX's -10.20%.

Which ETF is better, UNOV or PSCX?

On 5-year performance, PSCX leads with 8.46% vs 6.68% for UNOV. On fees, PSCX is cheaper at 0.75% per year. On volatility, PSCX has been the lower-risk option at 0.89%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, UNOV or PSCX?

Over the 5-year period, PSCX has performed better with a 8.46% return vs 6.68%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, UNOV or PSCX?

PSCX is cheaper with a 0.75% expense ratio, compared with 0.79% for UNOV.

Which ETF pays a higher dividend yield, UNOV or PSCX?

UNOV and PSCX have nearly identical dividend yields, around 0.00%.

What is the main difference between UNOV and PSCX?

They also come from different issuers: Innovator and Pacer. Their fees differ too: 0.79% for UNOV and 0.75% for PSCX.

Which has better risk-adjusted returns?

PSCX currently has the higher Sharpe Ratio (2.82 vs 2.50), 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.