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PSMO vs TENM

Pacer Swan SOS Moderate (October) ETF

PSMOBCboe

iShares Large Cap 10% Target Buffer Mar ETF

TENMCCboe

Overlap

0.0%by weight

Expense ratio

PSMO −0.04pt a year

PSMO0.49%TENM0.53%

Avg volume · 30D

PSMO 3.5×the volume

PSMO7.3KTENM2.06K

PSMO vs TENM Performance

Oct 31, 2025 – Nov 2, 2026

+9.7%PSMO+10.4%TENM

Oct 31, 2025 to Nov 2, 2026. PSMO +9.7%. TENM +10.4%. Use the arrow keys to read each point.−2.5%0%2.5%5%Oct 2025May 2026Nov 2026
Expense ratio
PSMO 0.49%, better
TENM 0.53%
Fund size
PSMO $116M
TENM $47M
1Y total return
PSMO +9.7%
TENM +10.4%, better
Holdings
PSMO 3
TENM 4
Avg volume (30D)
PSMO 7.3K sh, better
TENM 2.06K sh
NAV per share
PSMO $33.50
TENM $27.78
52W range

ETF.net Grade

PSMO: Cost 70, Risk 54, Mission 95, Tradability 65, Holdings not scored, Durability 66. TENM: Cost 60, Risk 52, Mission not scored, Tradability 30, Holdings 48, Durability 51.
Pillar letters and Scores for PSMO, TENM, with each pillar’s weight
PillarPSMOTENM
Cost30% weightA70HigherB60
Mission25% weightA95Not scored
Risk15% weightC54HigherC52
Tradability15% weightB65HigherD30
Holdings10% weightNot scoredC48
Durability5% weightB66HigherC51

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 TENM 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 TENM 11th 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 11CPAPRInnovator U.S. Equity Power Buffer ETFScore 50
  4. Rank 11CTENMiShares Large Cap 10% Target Buffer Mar ETFScore 50
  5. Rank 13CPJULInnovator U.S. Equity Power Buffer ETFScore 49

Our read on each fund

ETF.net Research

PSMOBPacer Swan SOS Moderate (October) ETF

TENMCiShares Large Cap 10% Target Buffer Mar 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.

TENM No data

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.

TENM No data

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

TENM No data

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.

TENM No data

Full PSMO profile⁠

Full TENM profile⁠

PSMO vs TENM Holdings

How PSMO and TENM differ

Overlap by weight

0.0%

Shared holdings make up 0.0% of PSMO and 0.0% of TENM.

Level by level

  • Holdings0 in both0.0%
  • Sector11 Sectors97.4%
  • Asset classEquity100%
  • Countryby domicile100%

Sector

Sector weights in PSMO and TENM, widest gap first
SectorMore in PSMOMore in TENM
Consumer DiscretionaryPSMO +1.2 points
TechnologyTENM +1.0 points
Health CareTENM +1.1 points
CommunicationPSMO +0.7 points
EnergyTENM +0.3 points
FinancialsTENM +0.2 points
UtilitiesPSMO +0.2 points
IndustrialsPSMO +0.2 points
Consumer StaplesPSMO +0.1 points
Real EstatePSMO +0.1 points
MaterialsPSMO +0.1 points

Country, concentration and asset class

Country by domicile

Country weights in PSMO and TENM, widest gap first
CountryMore in PSMOMore in TENM
United StatesTENM +0.1 points
SwitzerlandSame weight
ChinaSame weight
MexicoPSMO +0.1 points
IrelandSame weight
United KingdomSame weight

Concentration

Weight in the 10 largest Holdings

  • PSMO105.5%
  • TENM104.4%

Securities held

  • PSMO2
  • TENM2

Asset class

PSMO
Equity
TENM
Equity

Holdings

  • Only in PSMO2
  • In both0
  • Only in TENM2

Only in PSMO

2 securities, 100% of PSMO by weight

  • Spy 09/30/2027 8.47 C97.65%
  • Spy 09/30/2027 762.71 P5.36%

Only in TENM

2 securities, 100% of TENM by weight

  • Ishares Core S&P Etf Trust101.90%
  • APR27 Ivv Us P @ 653.211.17%

Weight gaps

PSMO and TENM share no securities.

All 6 PSMO holdings⁠All TENM 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.

PSMO vs TENM Cost

Overpaying TENM vs PSMO

$744

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

  • PSMO 0.49%

    $9,792

  • TENM 0.53%

    $10,536

$10,000
30 years

Cost over time

  • PSMO 0.49%
  • TENM 0.53%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530TENM $10,536PSMO $9,792

Year by year

YearPSMOTENMOverpaying
10$883$953$70
20$3,394$3,658$264
30$9,792$10,536$744

Expense ratio

  • 0.49%PSMO, cheaper
  • 0.53%TENM
  • Middle half of S&P 500 Buffer 15% funds
  • Median 0.79%

PSMO 5th cheapest of 51 funds

TENM 15th cheapest of 51 funds

PSMO vs TENM Dividends

Last 12 months to Nov 2, 2026
Payout (12M)
PSMO None
TENM No data
Last payment
PSMO No data
TENM $0.08
Ex-dividend
PSMO No data
TENM Dec 23, 2025
Paid on
PSMO No data
TENM Dec 29, 2025
Frequency
PSMO No data
TENM Irregular

Distribution history

Per share, 2025 to 2026, same scale for both

PSMOAll PSMO payments⁠

No distribution history available.

TENMIrregular · 1 paymentAll TENM payments⁠
One bar per payment. 1 payment from 2025 to 2026 YTD. Dec 23, 2025 $0.08. Use the arrow keys to read each point.$0$0.052026YTD

PSMO vs TENM 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%TENM 7.0%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
PSMO 1.31TENM 0.94since Nov 2025
Worst fallMax drawdown, 5 years
PSMO −9.8%TENM −3.6%since Oct 2025
Market sensitivityBeta, 5 years
PSMO 0.41TENM 0.52

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