PSCW vs SPXL
Pacer Swan SOS Conservative (April) ETF vs Direxion Daily S&P 500 Bull 3X ETF
Which is better, PSCW or SPXL?
SPXL has been ahead.
PSCW has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window.
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 | PSCW | SPXL |
|---|---|---|
| Expense Ratio | 0.49%Best | 0.87% |
| AUM | $62M | $7.4B |
| Dividend Yield | 0.00% | 0.52% |
| Holdings | 12 | 1,030 |
| YTD Return | +10.39% | +31.54%Best |
| 1Y Return | +12.68% | +39.30%Best |
| 3Y Return (annualized) | +11.98% | +53.35%Best |
| 5Y Return (annualized) | +7.32% | +20.32%Best |
| Volatility (annualized) | 6.8%Best | 46.0% |
| Max Drawdown | -11.9%Best | -63.8% |
| $10,000 over 5 years | $14,237 | $25,217Best |
| Fund Family | Pacer ETFs | Direxion Shares ETF Trust |
| Category | Alternative | Alternative |
| Style | Multi Alternative | Multi Alternative |
| Inception | Mar 31, 2021 | Nov 5, 2008 |
Not shown on this pair: Top 10 Weight.
Volatility and max drawdown are measured over the window both funds cover: Apr 1, 2021 to Oct 15, 2026 (5.5 years).
PSCW vs SPXL 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 5.5 years both funds cover.
PSCW vs SPXL Performance
Pacer Swan SOS Conservative (April) ETF (PSCW) is an ETF from Pacer ETFs and Direxion Daily S&P 500 Bull 3X ETF (SPXL) is an ETF from Direxion Shares ETF Trust. Over the past year PSCW returned +12.68% while SPXL returned +39.30%. Year to date, PSCW is up 10.39% versus a gain of 31.54% for SPXL.
Over three years, PSCW compounded at +11.98% per year against +53.35% for SPXL; over five years the annualized figures are +7.32% and +20.32% respectively. Across the full 6-year window we track, SPXL has the edge at +24.99% annualized vs +7.44%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPXL has been the more volatile fund, with annualized monthly volatility of 46.0% compared with 6.8% 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 -63.8% for SPXL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 SPXL charges 0.87%. On a $10,000 position that is $49 vs $87 annually, a gap of $38 per year that compounds over a long holding period. On income, PSCW currently yields 0.00% against 0.52% for SPXL.
You are not choosing between two funds in isolation.
Whichever of PSCW and SPXL 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, PSCW or SPXL?
PSCW has an expense ratio of 0.49% while SPXL charges 0.87%. PSCW is the cheaper option, by $38 a year on a $10,000 investment.
Which performed better, PSCW or SPXL?
Over the past year PSCW returned +12.68% vs +39.30% for SPXL, so SPXL leads on 1-year performance. Over the longest common window we track (6 years), PSCW annualized +7.44% vs +24.99% for SPXL. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSCW or SPXL?
SPXL has been the more volatile fund at 46.0% annualized versus 6.8% for PSCW. Worst drawdown: PSCW -11.9% vs SPXL -63.8%.
Should I hold both PSCW and SPXL?
PSCW and SPXL have a monthly-return correlation of 0.89, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PSCW or SPXL?
PSCW yields 0.00% while SPXL yields 0.52%, so SPXL currently pays the higher dividend yield.
Is SPXL better than PSCW?
PSCW has a lower expense ratio. SPXL led over 1Y, 3Y, 5Y and the full window. Which one suits a particular account depends on what it is for. This is information, not a recommendation.