FSEP vs PSMJ
FT Vest US Equity Buffer ETF - September vs Pacer Swan SOS Moderate July ETF
Which is better, FSEP or PSMJ?
Each has led over a different period.
PSMJ has a lower expense ratio. FSEP led over 1Y and 3Y, PSMJ over 5Y and the full window. The two have moved almost in lockstep, correlation 0.94.
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 | FSEP | PSMJ |
|---|---|---|
| Expense Ratio | 0.85% | 0.49%Best |
| AUM | $1.4B | $108M |
| Dividend Yield | 0.00% | 0.00% |
| Holdings | 10 | 12 |
| YTD Return | +11.52%Best | +7.57% |
| 1Y Return | +14.29%Best | +10.19% |
| 3Y Return (annualized) | +15.18%Best | +13.78% |
| 5Y Return (annualized) | +10.70% | +10.75%Best |
| Volatility (annualized) | 9.7% | 7.8%Best |
| Max Drawdown | -13.8% | -10.9%Best |
| $10,000 over 5 years | $16,624 | $16,662Best |
| Fund Family | First Trust Portfolios (US) | Pacer ETFs |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Sep 18, 2020 | Jun 30, 2021 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Jul 1, 2021 to Oct 14, 2026 (5.3 years).
FSEP vs PSMJ 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 5.3 years both funds cover.
FSEP vs PSMJ Performance
FT Vest US Equity Buffer ETF - September (FSEP) is an ETF from First Trust Portfolios (US) and Pacer Swan SOS Moderate July ETF (PSMJ) is an ETF from Pacer ETFs. Over the past year FSEP returned +14.29% while PSMJ returned +10.19%. Year to date, FSEP is up 11.52% versus a gain of 7.57% for PSMJ.
Over three years, FSEP compounded at +15.18% per year against +13.78% for PSMJ; over five years the annualized figures are +10.70% and +10.75% respectively.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
FSEP has been the more volatile fund, with annualized monthly volatility of 9.7% compared with 7.8% for PSMJ. 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 -13.8% for FSEP and -10.9% for PSMJ. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
FSEP charges 0.85% per year while PSMJ 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, FSEP currently yields 0.00% against 0.00% for PSMJ.
You are not choosing between two funds in isolation.
Whichever of FSEP and PSMJ 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, FSEP or PSMJ?
FSEP has an expense ratio of 0.85% while PSMJ charges 0.49%. PSMJ is the cheaper option, by $36 a year on a $10,000 investment.
Which performed better, FSEP or PSMJ?
Over the past year FSEP returned +14.29% vs +10.19% for PSMJ, so FSEP leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, FSEP or PSMJ?
FSEP has been the more volatile fund at 9.7% annualized versus 7.8% for PSMJ. Worst drawdown: FSEP -13.8% vs PSMJ -10.9%.
Should I hold both FSEP and PSMJ?
FSEP and PSMJ have a monthly-return correlation of 0.94, 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, FSEP or PSMJ?
FSEP yields 0.00% while PSMJ yields 0.00%, so PSMJ currently pays the higher dividend yield.
Is PSMJ better than FSEP?
PSMJ has a lower expense ratio. FSEP led over 1Y and 3Y, PSMJ over 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. Which one suits a particular account depends on what it is for. This is information, not a recommendation.