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DAPR vs PSCX

FT Vest U.S. Equity Deep Buffer ETF - April

DAPRCCboe

Pacer Swan SOS Conservative (January) ETF

PSCXBCboe

Overlap

Expense ratio

PSCX −0.36pt a year

DAPR0.85%PSCX0.49%

Avg volume · 30D

DAPR 8.1×the volume

DAPR8.05KPSCX998

5Y return · a year

PSCX +2.6pt

DAPR+5.9%PSCX+8.5%

DAPR vs PSCX Performance

Oct 29, 2021 – Oct 30, 2026

+33.4%DAPR+50.6%PSCX

Oct 29, 2021 to Oct 30, 2026. DAPR +33.4%. PSCX +50.6%. Use the arrow keys to read each point.0%10%20%40%Oct 2021May 2024Oct 2026
Expense ratio
DAPR 0.85%
PSCX 0.49%, better
Fund size
DAPR $334M
PSCX $47M
1Y total return
DAPR +7.5%
PSCX +10.2%, better
Holdings
DAPR 3
PSCX 3
Avg volume (30D)
DAPR 8.05K sh, better
PSCX 998 sh
NAV per share
DAPR $41.69
PSCX $33.53
52W range

ETF.net Grade

DAPR: Cost 31, Risk 53, Mission not scored, Tradability 33, Holdings 65, Durability 41. PSCX: Cost 81, Risk 56, Mission not scored, Tradability 47, Holdings not scored, Durability 28.
Pillar letters and Scores for DAPR, PSCX, with each pillar’s weight
PillarDAPRPSCX
Cost30% weightD31A81Higher
Mission25% weightNot scoredNot scored
Risk15% weightC53B56Higher
Tradability15% weightD33C47Higher
Holdings10% weightB65Not scored
Durability5% weightC41HigherD28

Rank among S&P 500 Deep Buffer 25-30% funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. DAPR and PSCX are both graded against the same 19 S&P 500 Deep Buffer 25-30% funds, so their Grades compare head to head.

S&P 500 Deep Buffer 25-30%⁠

Category · 19 funds
See all 19 ›

PSCX ranks 1st and DAPR 17th of 19 funds in the S&P 500 Deep Buffer 25-30% Category.

  1. Rank 1BPSCXPacer Swan SOS Conservative (January) ETFScore 63
  2. Rank 1BUFEBInnovator U.S. Equity Ultra Buffer ETFScore 63
  3. Rank 17CCTJNCorgi U.S. Equities 30% Structured Buffer ETF - June SeriesScore 40
  4. Rank 17CDAPRFT Vest U.S. Equity Deep Buffer ETF - AprilScore 40

Our read on each fund

ETF.net Research

DAPRCFT Vest U.S. Equity Deep Buffer ETF - April

PSCXBPacer Swan SOS Conservative (January) ETF

In short

DAPR Most buffer funds cushion the first 10% of a drop. This one skips that and guards the deeper stretch: you take the first 5% of an S&P 500 slide, the fund targets -5% through -30%. April is its rung on First Trust's monthly ladder.

PSCX A 25% deep buffer against the S&P 500, reset every January, for 0.49% a year, well under the typical fee in its deep-buffer group. The trade-off: a cap on the upside, set fresh each outcome period.

Stated mandate

DAPR The Fund seeks to match the price return of the State Street® SPDR® S&P 500® ETF Trust before fees and expenses, subject to a 12.04% upside cap. It seeks to buffer losses from -5% through -30% during the April 20, 2026-April 16, 2027 target outcome period.

PSCX The fund seeks to match the pre-fee returns of the SPDR S&P 500 ETF Trust up to a predetermined cap while providing a downside buffer over approximately one year.

Why people hold it

  • DAPR Deep-buffer geometry: over each one-year period it seeks to offset S&P 500 losses from -5% through -30%, the zone where a correction becomes a bear market, in exchange for a preset upside cap.ftportfolios.com
  • Resets every April with a fresh cap and a fresh buffer, and it has a sibling for all twelve calendar months, so the series can be laddered instead of timed.
  • The engine is FLEX options on the SPDR S&P 500 ETF Trust: customized, exchange-traded contracts with terms written to match the fund's outcome period.ftportfolios.com
  • The 0.85% fee sits right at the middle of its deep-buffer peer group.
  • PSCX At 0.49%, one of the cheaper ways to buy a deep buffer: cohort peers DMAR (0.85%) and UFEB (0.79%) charge more for a similar job.
  • The cushion is deep. The structure aims to absorb the first 25% of SPDR S&P 500 ETF Trust losses over an approximately one-year outcome period.paceretfs.com
  • Pacer runs the same recipe on a quarterly calendar (PSCW in April, PSCQ in October), so the January reset is a choice of start date, not the only option.
  • Live since 2020, so the strategy has cycled through several full outcome periods, not one flattering stretch.

Worth knowing

  • DAPR The buffer is not a floor. The first 5% of a decline is yours, and past -30% losses resume one for one.ftportfolios.com
  • Cap and buffer are struck for the April-to-April period. Buy mid-period and your own upside room and cushion differ from the headline terms.ftportfolios.com
  • Cheaper deep-buffer wrappers exist: Pacer's Swan SOS Conservative funds (PSCW, PSCX) charge 0.49%.
  • PSCX Upside is capped. A new cap is set at the start of each outcome period, and a deeper buffer generally comes with a lower ceiling.paceretfs.com
  • Buffer and cap are measured over the full outcome period and stated before fees. Buy mid-period and your own cushion and ceiling differ from the headline terms.paceretfs.com
  • A small, thinly traded fund, so bid-ask spreads can run wider than on mainstream index ETFs.

Full DAPR profile⁠

Full PSCX profile⁠

DAPR vs PSCX Holdings

As of
How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DAPR vs PSCX Cost

Overpaying DAPR vs PSCX

$6,407

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DAPR 0.85%

    $16,199

  • PSCX 0.49%

    $9,792

$10,000
30 years

Cost over time

  • DAPR 0.85%
  • PSCX 0.49%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530DAPR $16,199PSCX $9,792

Year by year

YearDAPRPSCXOverpaying
10$1,508$883$625
20$5,706$3,394$2,312
30$16,199$9,792$6,407

Expense ratio

  • 0.85%DAPR
  • 0.49%PSCX, cheaper
  • Middle half of S&P 500 Deep Buffer 25-30% funds
  • Median 0.85%

PSCX 3rd cheapest of 19 funds

DAPR 8th cheapest of 19 funds

DAPR vs PSCX Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
DAPR None
PSCX None

Distribution history

DAPRAll DAPR payments⁠

No distribution history available.

PSCXAll PSCX payments⁠

No distribution history available.

DAPR vs PSCX Risk

Fall from peak · 5 years

  • DAPR
  • PSCX
Oct 29, 2021 to Oct 30, 2026. Worst fall: DAPR −10.5% · Apr 2025. Use the arrow keys to read each point.−6%−4%−2%0%Oct 2021May 2024Oct 2026

Risk facts

VolatilityStd dev, 3 years
DAPR 4.7%, betterPSCX 6.0%
Return per unit of riskSharpe ratio, 3 years
DAPR 1.46, betterPSCX 1.45
Worst fallMax drawdown, 5 years
DAPR −10.5%PSCX −10.2%, better
Market sensitivityBeta, 5 years
DAPR 0.29PSCX 0.46

Popular comparisons

  • DAPRCvsUFEBB

    FT Vest U.S. Equity Deep Buffer ETF - April · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.85% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCXBvsUFEBB

    Pacer Swan SOS Conservative (January) ETF · Innovator U.S. Equity Ultra Buffer ETF

    Expense ratio
    0.49% · 0.79%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DAPRCvsPSCQB

    FT Vest U.S. Equity Deep Buffer ETF - April · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.85% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCXBvsPSCQB

    Pacer Swan SOS Conservative (January) ETF · Pacer Swan SOS Conservative (October) ETF

    Expense ratio
    0.49% · 0.49%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • DAPRCvsDFEBC

    FT Vest U.S. Equity Deep Buffer ETF - April · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.85% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSCXBvsDFEBC

    Pacer Swan SOS Conservative (January) ETF · FT Vest U.S. Equity Deep Buffer ETF - February

    Expense ratio
    0.49% · 0.85%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.