Pacer Swan SOS Moderate (December) ETF (PSMD) Performance
PSMD total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +8.5% since Dec 31, 2025
- 1 year
- +10.7% total return
- 5 years
- +9.2% a year
- Since first price
- +9.6% a year since 2020
PSMD trailing returns vs SPY, QQQ, AGG
| Period | PSMD total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +0.0% | +0.0% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.7% | +2.7% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.6% | +5.6% | +7.8% | +8.4% | −1.5% |
| YTD | +8.5% | +8.5% | +12.3% | +15.1% | −1.0% |
| 1 year | +10.7% | +10.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +46.6%+13.6%/yr | +46.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +55.2%+9.2%/yr | +55.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| Since inceptionDec 23, 2020 | +71.1%+9.6%/yr | +71.1% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PSMD vs SPY
From Dec 23, 2020: PSMD grew to $17,107, SPY to $22,322.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSMD returns by calendar year
4 of 5 full years positive. Best 2023 (+17.5%), worst 2022 (−4.5%). 2026 is year to date.
PSMD annual returns table
| Year | PSMD | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +8.5% | −4.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +11.4% | −10.7% | +17.7% | +20.8% | +7.2% |
| 2024 | +12.8% | −3.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.5% | −5.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −4.5% | −12.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +10.7% | −2.1% | +28.7% | +27.4% | −1.8% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PSMD largest drawdowns
Now 0.6% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 4, 2022 | −12.0% | Jun 16, 2022 | Feb 1, 2023 | 5 months | 1.1 years |
| Feb 18, 2025 | −10.7% | Apr 8, 2025 | Jun 10, 2025 | 49 days | 4 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PSMD risk statistics
| Statistic | 3 years | 5 years | Since 2020 |
|---|---|---|---|
| Annualized return | +13.1% | +9.5% | +9.6% |
| Volatility (annualized) | 6.2% | 7.8% | 7.4% |
| Sharpe ratio | 1.34 | 0.75 | 0.87 |
| Sortino ratio | 2.84 | 1.24 | 1.45 |
| Best month | +6.6% | +6.6% | +6.6% |
| Worst month | −2.8% | −5.1% | −5.1% |
| Best 12 months | +20.0% | +20.0% | +20.0% |
| Worst 12 months | +5.9% | −8.7% | −8.7% |
| Positive months | 81% | 73% | 74% |
| Beta vs S&P 500 | 0.47 | 0.47 | — |
| Correlation with S&P 500 | 0.94 | 0.95 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PSMD rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 59 | −8.7% | +10.8% | +20.0% | 85% |
| 3-year (a year) | 35 | +6.8% | +11.1% | +15.7% | 100% |
| 5-year (a year) | 11 | +8.2% | +9.2% | +9.7% | 100% |
Every holding period starting at a month-end since 2020. Returns for 3 years and longer are annualized.
PSMD performance overview
Pacer Swan SOS Moderate (December) ETF (PSMD) returned +10.7% over the past year and +9.2% a year over five years, with distributions reinvested. Since its first recorded price in 2020 it has returned +9.6% a year, turning $10,000 into about $17,107. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −12.0%, from Jan 4, 2022 to Jun 16, 2022, and it took 8 months to get back to the old high. PSMD finished 4 of its 5 full calendar years with a gain; the best year was 2023 (+17.5%) and the worst 2022 (−4.5%). Volatility has been 7.4% a year.
Related: PSMD chart. See the PSMD overview for the latest quote and fund facts.
PSMD performance FAQ
What is the PSMD return over the past year?
PSMD returned +10.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.7%.
What is the average annual return of PSMD?
PSMD has returned +9.2% a year over 5 years, +9.6% a year since December 23, 2020 (total return, distributions reinvested).
How much would $10,000 invested in PSMD be worth?
$10,000 invested in PSMD at its first recorded close on December 23, 2020 would be worth about $17,107 on October 23, 2026 with distributions reinvested.
What was the worst year for PSMD?
The worst calendar year was 2022, with a total return of −4.5%. The best was 2023 at +17.5%.
What is the biggest drawdown of PSMD?
The largest peak-to-trough decline was −12.0% between January 4, 2022 and June 16, 2022. It recovered to the old high on February 1, 2023, 8 months after the bottom.
How volatile is PSMD?
Over the past 3 years PSMD had an annualized volatility of 6.2% and a Sharpe ratio of 1.34 (excess return over 1–3 month T-bills per unit of risk).