PSMJPacer Swan SOS Moderate (July) ETF
Seeks to provide returns with a buffer against a pre-determined percentage of losses from the Underlying ETF.
Pacer · Since 2021 (4 years)
0.60%
#2918 out of 5,332 ETFs
$84M
#2884 out of 5,332 ETFs
0.00%
4 years
#2476 out of 5,332 ETFs
Performance
1 Year
+20.0%
3 Years
+15.3%
5 Years
N/A
What's inside
Risk profile
6.6%
Moderate
-10.9%
Worst peak-to-trough loss
1.31
Excellent risk-adjusted returns
1.98
Good downside protection
Similar ETFs
Our take
Structural notes on how this fund behaves. Read our guide on the 6 warning signs.
Buffer ETF — downside protection at a cost
Defined-outcome funds cap upside (typically 8–20%) in exchange for partial downside protection (9–30%), priced via options. Fees are materially higher than the underlying index (often 0.70%+ vs 0.03–0.10%). For most pre-retirees, a simple stock/bond mix achieves similar downside behaviour at a fraction of the cost.
Source: Morningstar, 'Defined-Outcome ETFs: Useful or Uneconomic?' (2023)
Why we flagged this: strategy=structured_outcome + structured_outcome_strategy
Educational analysis of structural product characteristics. Not investment advice. Always read the fund prospectus and consult a qualified advisor before investing. More
Data updated on 2026-05-05