ZAPR vs. PSMR
Compare and contrast key facts about Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) and Pacer Swan SOS Moderate (April) ETF (PSMR).
ZAPR and PSMR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZAPR is an actively managed fund by Innovator. It was launched on Apr 1, 2025. PSMR is an actively managed fund by Pacer. It was launched on Mar 31, 2021.
Performance
ZAPR vs. PSMR - Performance Comparison
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ZAPR vs. PSMR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZAPR Innovator Equity Defined Protection ETF - 1 Yr April | 1.24% | 5.29% |
PSMR Pacer Swan SOS Moderate (April) ETF | 1.94% | 9.70% |
Returns By Period
In the year-to-date period, ZAPR achieves a 1.24% return, which is significantly lower than PSMR's 1.94% return.
ZAPR
- 1D
- 0.04%
- 1M
- 0.46%
- YTD
- 1.24%
- 6M
- 2.59%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSMR
- 1D
- 0.51%
- 1M
- 0.90%
- YTD
- 1.94%
- 6M
- 3.84%
- 1Y
- 11.95%
- 3Y*
- 10.80%
- 5Y*
- —
- 10Y*
- —
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ZAPR vs. PSMR - Expense Ratio Comparison
ZAPR has a 0.79% expense ratio, which is higher than PSMR's 0.61% expense ratio.
Return for Risk
ZAPR vs. PSMR — Risk / Return Rank
ZAPR
PSMR
ZAPR vs. PSMR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Innovator Equity Defined Protection ETF - 1 Yr April (ZAPR) 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.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| ZAPR | PSMR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 1.37 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 2.55 | 0.94 | +1.61 |
Correlation
The correlation between ZAPR and PSMR is 0.70, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Dividends
ZAPR vs. PSMR - Dividend Comparison
Neither ZAPR nor PSMR has paid dividends to shareholders.
Drawdowns
ZAPR vs. PSMR - Drawdown Comparison
The maximum ZAPR drawdown since its inception was -1.72%, smaller than the maximum PSMR drawdown of -11.78%. Use the drawdown chart below to compare losses from any high point for ZAPR and PSMR.
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Drawdown Indicators
| ZAPR | PSMR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.72% | -11.78% | +10.06% |
Max Drawdown (1Y)Largest decline over 1 year | — | -7.10% | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -0.10% | -1.72% | +1.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 1.07% | — |
Volatility
ZAPR vs. PSMR - Volatility Comparison
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Volatility by Period
| ZAPR | PSMR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 1.27% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 2.24% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 2.62% | 8.78% | -6.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.62% | 8.52% | -5.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.62% | 8.52% | -5.90% |