XBOC vs. PSMR

Last updated Jun 4, 2026

XBOC (Innovator U.S. Equity Accelerated 9 Buffer ETF - October) and PSMR (Pacer Swan SOS Moderate (April) ETF) are both Defined Outcome funds. Both are actively managed. Over the past 3 years, XBOC returned 11.67%/yr vs 11.71%/yr for PSMR. Their correlation of 0.83 suggests significant overlap in exposure. XBOC charges 0.79%/yr vs 0.61%/yr for PSMR.

Performance

XBOC vs. PSMR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Innovator U.S. Equity Accelerated 9 Buffer ETF - October (XBOC) and Pacer Swan SOS Moderate (April) ETF (PSMR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XBOC achieves a 5.40% return, which is significantly lower than PSMR's 7.68% return.

XBOC

• 1D: -0.10%
• 1M: 1.89%
• YTD: 5.40%
• 6M: 6.20%
• 1Y: 13.69%
• 3Y*: 11.67%
• 5Y*: —
• 10Y*: —

PSMR

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

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

XBOC vs. PSMR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XBOC Innovator U.S. Equity Accelerated 9 Buffer ETF - October	5.40%	11.15%	8.36%	20.06%	-7.58%	3.76%
PSMR Pacer Swan SOS Moderate (April) ETF	7.68%	6.74%	11.99%	16.85%	-4.11%	2.83%

Correlation

The correlation between XBOC and PSMR is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (All Time) Calculated using the full available price history since Oct 4, 2021	0.83

The correlation between XBOC and PSMR shifts across timeframes, from 0.72 (3 years) to 0.83 (all time), reflecting how their relationship changes across market environments.

XBOC vs. PSMR - Sectors Allocation Comparison

Sectors	XBOC	PSMR
Technology	36.2%	33.1%
Financial Services	11.9%	12.3%
Communication Services	10.9%	10.7%
Consumer Cyclical	10.1%	10.1%
Healthcare	8.4%	9.8%
Industrials	8.1%	8.7%
Consumer Defensive	4.9%	5.4%
Energy	3.5%	3.5%
Utilities	2.3%	2.5%
Real Estate	1.9%	2.0%
Basic Materials	1.8%	1.9%

Return for Risk

XBOC vs. PSMR — Risk / Return Rank

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

XBOC

XBOC Risk / Return Rank: 69
XBOC Sharpe Ratio Rank: 66
XBOC Sortino Ratio Rank: 69
XBOC Omega Ratio Rank: 78
XBOC Calmar Ratio Rank: 56
XBOC Martin Ratio Rank: 78

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.

XBOC vs. PSMR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Innovator U.S. Equity Accelerated 9 Buffer ETF - October (XBOC) and Pacer Swan SOS Moderate (April) ETF (PSMR). 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.

	XBOC	PSMR	Difference
Sharpe ratio: Return per unit of total volatility	2.15	4.23	-2.08
Sortino ratio: Return per unit of downside risk	3.12	7.28	-4.17
Omega ratio: Gain probability vs. loss probability	1.46	1.96	-0.50
Calmar ratio: Return relative to maximum drawdown	2.75	15.03	-12.28
Martin ratio: Return relative to average drawdown	14.85	73.58	-58.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XBOC vs. PSMR - Sharpe Ratio Comparison

The current XBOC Sharpe Ratio is 2.15, which is lower than the PSMR Sharpe Ratio of 4.23. The chart below compares the historical Sharpe Ratios of XBOC and PSMR, 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

	XBOC	PSMR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.15	4.23	-2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.01	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.86	1.05	-0.19

Drawdowns

XBOC vs. PSMR - Drawdown Comparison

The maximum XBOC drawdown since its inception was -13.35%, which is greater than PSMR's maximum drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for XBOC and PSMR.

Drawdown Indicators

	XBOC	PSMR	Difference
Max Drawdown Largest peak-to-trough decline	-13.35%	-11.78%	-1.57%
Max Drawdown (1Y) Largest decline over 1 year	-4.99%	-0.99%	-4.00%
Max Drawdown (3Y) Largest decline over 3 years	-12.53%	-11.78%	-0.75%
Max Drawdown (5Y) Largest decline over 5 years	—	-11.78%	—
Current Drawdown Current decline from peak	-0.11%	-0.15%	+0.04%
Average Drawdown Average peak-to-trough decline	-2.08%	-1.67%	-0.41%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.92%	0.20%	+0.72%

Volatility

XBOC vs. PSMR - Volatility Comparison

Innovator U.S. Equity Accelerated 9 Buffer ETF - October (XBOC) has a higher volatility of 0.78% compared to Pacer Swan SOS Moderate (April) ETF (PSMR) at 0.71%. This indicates that XBOC's price experiences larger fluctuations and is considered to be riskier than PSMR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XBOC	PSMR	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.78%	0.71%	+0.07%
Volatility (6M) Calculated over the trailing 6-month period	5.19%	2.48%	+2.71%
Volatility (1Y) Calculated over the trailing 1-year period	6.41%	3.53%	+2.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.90%	8.48%	+1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.90%	8.41%	+1.49%

XBOC vs. PSMR - Expense Ratio Comparison

XBOC has a 0.79% expense ratio, which is higher than PSMR's 0.61% expense ratio.

Dividends

XBOC vs. PSMR - Dividend Comparison

Neither XBOC nor PSMR has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XBOC and PSMR in my portfolio?

XBOC and PSMR have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XBOC or PSMR?

XBOC has higher volatility (0.78%) compared to PSMR (0.71%). In terms of maximum drawdown, XBOC dropped -13.35% vs PSMR's -11.78%.

Which ETF is better, XBOC or PSMR?

On 3-year performance, PSMR leads with 11.71% vs 11.67% for XBOC. On fees, PSMR is cheaper at 0.61% 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, XBOC or PSMR?

Over the 3-year period, PSMR has performed better with a 11.71% return vs 11.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XBOC or PSMR?

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

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

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

What is the main difference between XBOC and PSMR?

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

Which has better risk-adjusted returns?

PSMR currently has the higher Sharpe Ratio (4.23 vs 2.15), 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.