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PSMR vs TENM

Pacer Swan SOS Moderate (April) ETF

PSMRBCboe

iShares Large Cap 10% Target Buffer Mar ETF

TENMCCboe

Overlap

Expense ratio

PSMR −0.04pt a year

PSMR0.49%TENM0.53%

Avg volume · 30D

TENM 1.6×the volume

PSMR1.26KTENM2.06K

PSMR vs TENM Performance

Oct 31, 2025 – Nov 2, 2026

+11.9%PSMR+10.4%TENM

Oct 31, 2025 to Nov 2, 2026. PSMR +11.9%. TENM +10.4%. Use the arrow keys to read each point.−2.5%0%2.5%5%7.5%Oct 2025May 2026Nov 2026
Expense ratio
PSMR 0.49%, better
TENM 0.53%
Fund size
PSMR $91M
TENM $47M
1Y total return
PSMR +11.9%, better
TENM +10.4%
Holdings
PSMR 3
TENM 4
Avg volume (30D)
PSMR 1.26K sh
TENM 2.06K sh, better
NAV per share
PSMR $33.00
TENM $27.78
52W range

ETF.net Grade

PSMR: Cost 70, Risk 57, Mission not scored, Tradability 32, Holdings not scored, Durability 64. TENM: Cost 60, Risk 52, Mission not scored, Tradability 30, Holdings 48, Durability 51.
Pillar letters and Scores for PSMR, TENM, with each pillar’s weight
PillarPSMRTENM
Cost30% weightA70HigherB60
Mission25% weightNot scoredNot scored
Risk15% weightB57HigherC52
Tradability15% weightD32HigherD30
Holdings10% weightNot scoredC48
Durability5% weightB64HigherC51

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. PSMR 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 ›

PSMR ranks 3rd 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 3BPSMRPacer Swan SOS Moderate (April) ETFScore 57
  4. Rank 4BBUFCAB Conservative Buffer ETFScore 55
  5. Rank 11CPAPRInnovator U.S. Equity Power Buffer ETFScore 50
  6. Rank 11CTENMiShares Large Cap 10% Target Buffer Mar ETFScore 50
  7. Rank 13CPJULInnovator U.S. Equity Power Buffer ETFScore 49

Our read on each fund

ETF.net Research

PSMRBPacer Swan SOS Moderate (April) ETF

TENMCiShares Large Cap 10% Target Buffer Mar ETF

In short

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.

TENM No data

Stated mandate

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.

TENM No data

Why people hold it

  • 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.

TENM No data

Worth knowing

  • 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.

TENM No data

Full PSMR profile⁠

Full TENM profile⁠

PSMR vs 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.

PSMR vs TENM Cost

Overpaying TENM vs PSMR

$744

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

  • PSMR 0.49%

    $9,792

  • TENM 0.53%

    $10,536

$10,000
30 years

Cost over time

  • PSMR 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 $10,536PSMR $9,792

Year by year

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

Expense ratio

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

PSMR 5th cheapest of 51 funds

TENM 15th cheapest of 51 funds

PSMR vs TENM Dividends

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

Distribution history

Per share, 2025 to 2026, same scale for both

PSMRAll PSMR 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

PSMR vs TENM Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
PSMR 6.0%TENM 7.0%since Nov 2025
Return per unit of riskSharpe ratio, 3 years
PSMR 1.31TENM 0.94since Nov 2025
Worst fallMax drawdown, 5 years
PSMR −11.8%TENM −3.6%since Oct 2025
Market sensitivityBeta, 5 years
PSMR 0.45TENM 0.52

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