DSEP vs PSMR
FT Vest US Equity Deep Buffer ETF - September vs Pacer Swan SOS Moderate (April) ETF
Which is better, DSEP or PSMR?
Each has led over a different period.
PSMR has a lower expense ratio. DSEP led over 3Y, PSMR over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DSEP | PSMR |
|---|---|---|
| Expense Ratio | 0.85% | 0.49%Best |
| AUM | $423M | $90M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 12 |
| YTD Return | +8.74% | +11.01%Best |
| 1Y Return | +9.57% | +12.45%Best |
| 3Y Return (annualized) | +12.09%Best | +11.73% |
| 5Y Return (annualized) | +8.23% | +8.44%Best |
| Volatility (annualized) | 7.0%Best | 7.2% |
| Max Drawdown | -11.8%Tie | -11.8%Tie |
| $10,000 over 5 years | $14,850 | $14,995Best |
| Fund Family | First Trust Portfolios (US) | Pacer ETFs |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 18, 2020 | Mar 31, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2021 to Nov 11, 2026 (5.6 years).
DSEP vs PSMR growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 5.6 years both funds cover.
DSEP vs PSMR Performance
FT Vest US Equity Deep Buffer ETF - September (DSEP) is an ETF from First Trust Portfolios (US) and Pacer Swan SOS Moderate (April) ETF (PSMR) is an ETF from Pacer ETFs. Over the past year DSEP returned +9.57% while PSMR returned +12.45%. Year to date, DSEP is up 8.74% versus a gain of 11.01% for PSMR.
Over three years, DSEP compounded at +12.09% per year against +11.73% for PSMR; over five years the annualized figures are +8.23% and +8.44% respectively. Across the full 6-year window we track, PSMR has the edge at +8.70% annualized vs +7.94%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSMR has been the more volatile fund, with annualized monthly volatility of 7.2% compared with 7.0% for DSEP. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -11.8% for DSEP and -11.8% for PSMR. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.91. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DSEP charges 0.85% per year while PSMR charges 0.49%. On a $10,000 position that is $85 vs $49 annually, a gap of $36 per year that compounds over a long holding period. On income, DSEP currently yields 0.00% against 0.00% for PSMR.
You are not choosing between two funds in isolation.
Whichever of DSEP and PSMR you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DSEP or PSMR?
DSEP has an expense ratio of 0.85% while PSMR charges 0.49%. PSMR is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, DSEP or PSMR?
Over the past year DSEP returned +9.57% vs +12.45% for PSMR, so PSMR leads on 1-year performance. Over the longest common window we track (6 years), DSEP annualized +7.94% vs +8.70% for PSMR. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DSEP or PSMR?
PSMR has been the more volatile fund at 7.2% annualized versus 7.0% for DSEP. Worst drawdown: DSEP -11.8% vs PSMR -11.8%.
Should I hold both DSEP and PSMR?
DSEP and PSMR have a monthly-return correlation of 0.91, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
Which pays a higher dividend, DSEP or PSMR?
DSEP yields 0.00% while PSMR yields 0.00%, so PSMR currently pays the higher dividend yield.
Is PSMR better than DSEP?
PSMR has a lower expense ratio. DSEP led over 3Y, PSMR over 1Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.91. Which one suits a particular account depends on what it is for. This is information, not a recommendation.