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PSMO vs PSMR

Pacer Swan SOS Moderate (October) ETF

PSMOBCboe

Pacer Swan SOS Moderate (April) ETF

PSMRBCboe

Overlap

Expense ratio

Same figure. Both funds show the same value, so neither comes out ahead.

PSMO0.49%PSMR0.49%

Avg volume · 30D

PSMO 5.8×the volume

PSMO7.3KPSMR1.26K

3Y return · a year

PSMR +0.2pt

PSMO+12.6%PSMR+12.8%

PSMO vs PSMR Performance

Oct 31, 2025 – Oct 30, 2026

+10.0%PSMO+12.1%PSMR

Oct 31, 2025 to Oct 30, 2026. PSMO +10.0%. PSMR +12.1%. Use the arrow keys to read each point.−2.5%0%2.5%5%7.5%Oct 2025Apr 2026Oct 2026
Expense ratio
PSMO 0.49%
PSMR 0.49%
Fund size
PSMO $116M
PSMR $91M
1Y total return
PSMO +10.0%
PSMR +12.1%, better
Holdings
PSMO 3
PSMR 3
Avg volume (30D)
PSMO 7.3K sh, better
PSMR 1.26K sh
NAV per share
PSMO $33.50
PSMR $33.00
52W range

ETF.net Grade

PSMO: Cost 70, Risk 54, Mission 95, Tradability 64, Holdings not scored, Durability 66. PSMR: Cost 70, Risk 57, Mission not scored, Tradability 32, Holdings not scored, Durability 64.
Pillar letters and Scores for PSMO, PSMR, with each pillar’s weight
PillarPSMOPSMR
Cost30% weightA70A70
Mission25% weightA95Not scored
Risk15% weightC54B57Higher
Tradability15% weightB64HigherD32
Holdings10% weightNot scoredNot scored
Durability5% weightB66HigherB64

Rank among S&P 500 Buffer 15% funds

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

Same Category. PSMO and PSMR are both graded against the same 51 S&P 500 Buffer 15% funds, so their Grades compare head to head.

S&P 500 Buffer 15%⁠

Category · 51 funds
See all 51 ›

PSMO ranks 1st and PSMR 3rd of 51 funds in the S&P 500 Buffer 15% Category.

  1. Rank 1BPSMOPacer Swan SOS Moderate (October) ETFScore 64
  2. Rank 2BPSMJPacer Swan SOS Moderate (July) ETFScore 59
  3. Rank 3BPSMRPacer Swan SOS Moderate (April) ETFScore 57
  4. Rank 4BBUFCAB Conservative Buffer ETFScore 55

Our read on each fund

ETF.net Research

PSMOBPacer Swan SOS Moderate (October) ETF

PSMRBPacer Swan SOS Moderate (April) ETF

In short

PSMO A 15% cushion against SPY's first losses, reset every October, for 0.49% a year. Most defined-outcome funds charge more, and the trade is a cap on the upside that gets set fresh at the start of each period.

PSMR A 15-point cushion on SPY, reset every April, for 0.49% a year while the typical buffer fund charges more. Pacer and Swan's moderate tier trades away some upside (a cap set each period) for a floor you know going in.

Stated mandate

PSMO The fund seeks to track the returns of the SPDR S&P 500 ETF Trust up to a stated cap while buffering the first 15% of losses during an approximately one-year outcome period.

PSMR The Fund seeks to match the returns of the SPDR S&P 500 ETF Trust up to a predetermined cap while providing a downside buffer over an approximately one-year period.

Why people hold it

  • PSMO Charges 0.49% a year versus a 0.79% median across its 15%-buffer peer group, one of the lower-cost ways to own this structure.
  • Pacer's moderate SOS funds (PSMD, PSMR, PSMJ) all price at 0.49%, while the Innovator power-buffer lineup (POCT, PJUL, PJAN) runs 0.79%.
  • The reference asset is the SPDR S&P 500 ETF Trust itself, not an abstract index, so what's being buffered is a fund you can watch tick by tick.paceretfs.com
  • PSMR Charges 0.49% a year against a 0.79% median in its buffered-SPY cohort, and undercuts Pacer's own single-month siblings like PJUL and POCT at 0.79%.
  • The contract is spelled out: a 15-point buffer against SPDR S&P 500 ETF Trust losses over roughly a one-year period, with upside capped at a level set when the period begins.paceretfs.com
  • Terms reset on April 1 each year, so the new buffer and cap arrive on a known calendar date instead of whenever you happened to buy in.paceretfs.com
  • Running since 2021, so this April series has cycled through several complete outcome periods rather than being a fresh launch with a paper track record.

Worth knowing

  • PSMO Buffer and cap are engineered for the full one-year outcome period running October through September. Buy or sell mid-period and you may get neither in full.paceretfs.com
  • Upside stops at a cap reset each October. A runaway rally in the S&P 500 is the scenario this structure hands back in exchange for the 15% cushion.paceretfs.com
  • One of the quieter tickers in the buffer aisle, so spreads and order type matter more here than with the category's household names.
  • PSMR Thinly traded next to the biggest names in buffer land, so spreads and order size are worth a look before you place a trade.
  • The cap cuts both ways: big SPY years get trimmed, and the stated buffer and cap only line up in full for a holder who rides one April reset to the next.
  • Not an income vehicle. It has not been paying a regular distribution, so whatever the strategy delivers shows up in the share price.

Full PSMO profile⁠

Full PSMR profile⁠

PSMO vs PSMR 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.

PSMO vs PSMR Cost

Same expense ratio

$9,792

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

  • PSMO 0.49%

    $9,792

  • PSMR 0.49%

    $9,792

$10,000
30 years

Cost over time

  • PSMO 0.49%
  • PSMR 0.49%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530PSMO $9,792PSMR $9,792

Year by year

YearPSMOPSMR
10$883$883
20$3,394$3,394
30$9,792$9,792

Expense ratio

  • 0.49%PSMO
  • 0.49%PSMR
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

PSMO 5th cheapest of 51 funds

PSMR 5th cheapest of 51 funds

PSMO vs PSMR Dividends

Last 12 months to Oct 30, 2026
Payout (12M)
PSMO None
PSMR None

Distribution history

PSMOAll PSMO payments⁠

No distribution history available.

PSMRAll PSMR payments⁠

No distribution history available.

PSMO vs PSMR Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PSMO 5.9%, betterPSMR 6.0%
Return per unit of riskSharpe ratio, 3 years
PSMO 1.31PSMR 1.31Same figure. Both funds show the same value, so neither comes out ahead.
Worst fallMax drawdown, 5 years
PSMO −9.8%, betterPSMR −11.8%
Market sensitivityBeta, 5 years
PSMO 0.41PSMR 0.45

Popular comparisons

  • PSMOBvsPSMJB

    Pacer Swan SOS Moderate (October) ETF · Pacer Swan SOS Moderate (July) 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.

  • PSMRBvsPSMJB

    Pacer Swan SOS Moderate (April) ETF · Pacer Swan SOS Moderate (July) ETF

    Expense ratio
    0.49% · 0.49%
    Category
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  • PSMOBvsBUFCB

    Pacer Swan SOS Moderate (October) ETF · AB Conservative Buffer ETF

    Expense ratio
    0.49% · 0.69%
    Category
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  • PSMRBvsBUFCB

    Pacer Swan SOS Moderate (April) ETF · AB Conservative Buffer ETF

    Expense ratio
    0.49% · 0.69%
    Category
    Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

  • PSMOBvsPOCTC

    Pacer Swan SOS Moderate (October) ETF · Innovator U.S. Equity Power 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.

  • PSMRBvsPOCTC

    Pacer Swan SOS Moderate (April) ETF · Innovator U.S. Equity Power 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.