PSCW vs SPY
Pacer Swan SOS Conservative (April) ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PSCW | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.49% | 0.09% | |
| AUM | $60M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 6 | 505 | |
| YTD Return | +9.10% | +13.75% | |
| 1Y Return | +13.37% | +22.91% | |
| 3Y Return (annualized) | +11.49% | +21.67% | |
| 5Y Return (annualized) | +7.19% | +13.32% | |
| Volatility (annualized) | 6.9% | 15.3% | |
| Max Drawdown | -11.9% | -56.5% | |
| Fund Family | Pacer ETFs | State Street Investment Management | |
| Category | Alternative | Equity | |
| Inception | Mar 31, 2021 | Jan 22, 1993 |
PSCW vs SPY Performance
Pacer Swan SOS Conservative (April) ETF (PSCW) is a ETF from Pacer ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PSCW returned +13.37% while SPY returned +22.91%. Year to date, PSCW is up 9.10% versus a gain of 13.75% for SPY.
Over three years, PSCW compounded at +11.49% per year against +21.67% for SPY; over five years the annualized figures are +7.19% and +13.32% respectively. Across the full 5-year window we track, SPY has the edge at +8.85% annualized vs +7.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPY has been the more volatile fund, with annualized monthly volatility of 15.3% compared with 6.9% for PSCW. 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 -11.9% for PSCW and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.89. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCW charges 0.49% per year while SPY charges 0.09%. On a $10,000 position that is $49 vs $9 annually, a gap of $40 per year that compounds over a long holding period. On income, PSCW currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
PSCW and SPY share 0 holdings out of 504 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSCW or SPY?
PSCW has an expense ratio of 0.49% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $40 per year of difference.
Which performed better, PSCW or SPY?
Over the past year PSCW returned +13.37% vs +22.91% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (5 years), PSCW annualized +7.46% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, PSCW or SPY?
SPY has been the more volatile fund at 15.3% annualized versus 6.9% for PSCW. Worst drawdown: PSCW -11.9% vs SPY -56.5%.
Should I hold both PSCW and SPY?
PSCW and SPY have a monthly-return correlation of 0.89, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCW and SPY?
PSCW and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 504 unique securities.
Which pays a higher dividend, PSCW or SPY?
PSCW yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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