PSCW vs PSCX: Grades, Fees and Holdings Compared

Pacer Swan SOS Conservative (April) ETF

PSCWCCboe

Pacer Swan SOS Conservative (January) ETF

PSCXBCboe

Overlap

0.2%by weight

Expense ratio

PSCW0.49%PSCX0.49%

Avg volume · 30D

PSCX 2.1×the volume

PSCW482PSCX998

3Y return · a year

PSCX +1.0pt

PSCW+12.8%PSCX+13.8%

PSCW vs PSCX Performance

Oct 31, 2025 – Oct 30, 2026

+11.6%PSCW+10.2%PSCX

Expense ratio: PSCW 0.49%; PSCX 0.49%
Fund size: PSCW $62M; PSCX $47M
1Y total return: PSCW +11.6%, better; PSCX +10.2%
Holdings: PSCW 3; PSCX 3
Avg volume (30D): PSCW 482 sh; PSCX 998 sh, better
NAV per share: PSCW $30.75; PSCX $33.53
52W range

ETF.net Grade

Pillar letters and Scores for PSCW, PSCX, with each pillar’s weight
Pillar	PSCW	PSCX
Cost30% weight	A81	A81
Mission25% weight	Not scored	Not scored
Risk15% weight	B57Higher	B56
Tradability15% weight	F9	C47Higher
Holdings10% weight	Not scored	Not scored
Durability5% weight	D27	D28Higher

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

How we build Categories ›

Same Category. PSCW 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 PSCW 4th of 19 funds in the S&P 500 Deep Buffer 25-30% Category.

Rank 1BPSCXPacer Swan SOS Conservative (January) ETFScore 63
Rank 1BUFEBInnovator U.S. Equity Ultra Buffer ETFScore 63
Rank 4CDFEBFT Vest U.S. Equity Deep Buffer ETF - FebruaryScore 54
Rank 4CPSCWPacer Swan SOS Conservative (April) ETFScore 54
Rank 6CDJANFT Vest U.S. Equity Deep Buffer ETF - JanuaryScore 50

Our read on each fund

ETF.net Research

PSCWCPacer Swan SOS Conservative (April) ETF

PSCXBPacer Swan SOS Conservative (January) ETF

In short

PSCW A 25% cushion against S&P 500 losses for 0.49%, well under the going rate in the deep-buffer aisle. Options do the work: index-like upside to a yearly cap, the first 25% of a decline absorbed, and the whole contract reset every April.

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

PSCW The Fund seeks to match the returns of the SPDR S&P 500 ETF Trust, before fees and expenses, up to a predetermined upside cap while providing a downside risk-mitigation buffer over an approximate one-year 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

PSCW Costs 0.49% while the typical deep-buffer peer sits nearer 0.85% (DMAR is 0.85%, UFEB 0.79%). When your upside is capped, the fee you skip is upside you keep.
Deep by design: the buffer aims to absorb the first 25% of the referenced S&P 500 ETF's decline, before fees, over an approximate one-year period starting each April 1.paceretfs.com
One reference asset, one buffer, one cap, built with FLEX options. No factor tilt, no stock picking, nothing to second-guess about what is inside.paceretfs.com
Sibling funds (PSCX, PSCQ, PSCJ) run the same conservative strategy on different reset months, so an April start date is a choice rather than the only option.paceretfs.com

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

PSCW Thinly traded next to the giants of the buffer world, so spreads can be wide and entry and exit deserve attention.
The cap is reset each April from whatever options pricing allows, and it is measured before fees. Buying mid-period means a different buffer and cap than the headline terms.paceretfs.com
Not an income vehicle: the structure has not paid a distribution over the past year, so results show up in the share price.

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 PSCW profile⁠

Full PSCX profile⁠

PSCW vs PSCX Holdings

As of Oct 23, 2026

How PSCW and PSCX differ

Overlap by weight

0.2%

Shared holdings make up 0.2% of PSCW and 0.2% of PSCX.

Level by level

Holdings0 in both0.2%
Sector11 Sectors98.0%
Asset classEquity100%
Countryby domicile100%

Sector

Sector weights in PSCW and PSCX, widest gap first
Sector	More in PSCWMore in PSCX	PSCW	PSCX
Communication	PSCX +1.0 points	8.9%	9.9%
Technology	PSCX +0.8 points	39.3%	40.1%
Consumer Discretionary	PSCW +0.4 points	9.1%	8.7%
Financials	PSCW +0.4 points	11.7%	11.3%
Health Care	PSCW +0.4 points	9.8%	9.4%
Energy	PSCW +0.3 points	3.7%	3.4%
Consumer Staples	PSCW +0.3 points	4.7%	4.4%
Industrials	PSCX +0.1 points	7.5%	7.6%
Utilities	PSCW +0.1 points	2.0%	1.9%
Materials	PSCX +0.1 points	1.5%	1.6%
Real Estate	Same weight	1.7%	1.7%

Country, concentration and asset class

Country by domicile

Country weights in PSCW and PSCX, widest gap first
Country	More in PSCWMore in PSCX	PSCW	PSCX
United States	Same weight	99.5%	99.5%
Switzerland	Same weight	0.3%	0.3%
China	Same weight	0.1%	0.1%
Mexico	Same weight	0.1%	0.1%
Ireland	Same weight	0.0%	0.0%
United Kingdom	Same weight	0.0%	0.0%

Concentration

Weight in the 10 largest Holdings

PSCW109.5%
PSCX103.8%

Securities held

PSCW2
PSCX2

Asset class

PSCW: Equity
PSCX: Equity

Holdings

Only in PSCW2
In both0
Only in PSCX2

Only in PSCW

2 securities, 100% of PSCW by weight

Spy 03/31/2027 7.15 C108.60%
Spy 03/31/2027 617.82 P0.68%

Only in PSCX

2 securities, 100% of PSCX by weight

Spy 12/31/2026 7.5 C103.33%
Spy 12/31/2026 647.82 P0.30%

Weight gaps

PSCW and PSCX share no securities.

All 6 PSCW holdings⁠All 6 PSCX holdings⁠

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.

PSCW vs PSCX Cost

Same expense ratio

$9,792

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

PSCW 0.49%
$9,792
PSCX 0.49%
$9,792

Amount$10,000

Years30 years

Cost over time

PSCW 0.49%
PSCX 0.49%

Year by year

Year	PSCW	PSCX
10	$883	$883
20	$3,394	$3,394
30	$9,792	$9,792

Expense ratio

0.49%PSCW
0.49%PSCX

PSCW0.49%PSCX0.49%

0.30%0.85%

Middle half of S&P 500 Deep Buffer 25-30% funds
Median 0.85%

PSCW 3rd cheapest of 19 funds

PSCX 3rd cheapest of 19 funds

PSCW vs PSCX Dividends

Last 12 months to Oct 30, 2026

Payout (12M): PSCW None; PSCX None

Distribution history

PSCWAll PSCW payments⁠

No distribution history available.

PSCXAll PSCX payments⁠

No distribution history available.

PSCW vs PSCX Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PSCW 6.1%PSCX 6.0%, better
Return per unit of riskSharpe ratio, 3 years: PSCW 1.29PSCX 1.45, better
Worst fallMax drawdown, 5 years: PSCW −11.9%since Nov 2021PSCX −10.2%
Market sensitivityBeta, 5 years: PSCW 0.46PSCX 0.46; Market = 1

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