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ETFs

Pacer Swan SOS Moderate (July) ETF

PSMJ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 30, 2021
Expense Ratio
0.75%
Type
US Equities
Fund Owner
Pacer Financial
Volume (1m avg. daily)
$136,170
AUM
$47,845,360
Associated Index
SPDR S&P 500 ETF Trust
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
SPY 06/28/2024 4.92 C
96.12%
n/a
SPY 06/28/2024 443.32 P
5.25%
n/a
Cash & Other
0.95%
n/a
SPY 06/28/2024 507.64 C
-0.54%
n/a
SPY 06/28/2024 376.79 P
-1.78%
Invest with PSMJ

What is PSMJ?

The Fund is an actively managed exchange-traded fund ( ETF ) that, under normal market conditions, invests substantially all of its assets in FLexible EXchange Options ( FLEX Options ) that reference the market price of the SPDR S&P 500 ETF Trust (the Underlying ETF ). The Fund uses FLEX Options to employ a structured outcome strategy. Structured outcome strategies seek to produce pre-determined target investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund are intended to reflect the performance of the Underlying ETF over an approximate one-year period (the Investment Period ), subject to a buffer (the Buffer ) against certain Underlying ETF losses and a cap.

ETFs related toPSMJ

ETFs correlated to PSMJ include FJUL, BJUL, FSEP

PSMJ
Pacer Funds Trust - Pacer Swan SOS Moderate (July) ETF
FJUL
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF - July
BJUL
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - July
FSEP
First Trust Exchange-Traded Fund VIII - FT Cboe Vest U.S. Equity Buffer ETF -September
PJUL
Innovator ETFs Trust - Innovator U.S. Equity Power Buffer ETF - July
BAUG
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - August
BSEP
Innovator ETFs Trust - Innovator U.S. Equity Buffer ETF - September
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
VOTE
Engine No. 1 ETF Trust - Engine No. 1 Transform 500 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
VONE
Vanguard Group, Inc. - Vanguard Russell 1000 Index ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

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Fed's Bostic Reportedly Says Adding Even More Uncertainty Would Cause Further Delays In Policy Changes As Fed Seeks More Clarity; Says Market Functioning Is Not A Risk Today; Says Certainty Means The Rules For Trade, Other Aspects Of The Economy Are Stable Enough For People To Make Long-run Spending And Investment Plans; Says U.S. Economy Is Going To See A Slowdown In Activity, But How It Plays Out By Sector And Nationally Is Hard To Say

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FAQ

PSMJ is a US Equities ETF. The Fund is an actively managed exchange-traded fund ( ETF ) that, under normal market conditions, invests substantially all of its assets in FLexible EXchange Options ( FLEX Options ) that reference the market price of the SPDR S&P 500 ETF Trust (the Underlying ETF ). The Fund uses FLEX Options to employ a structured outcome strategy. Structured outcome strategies seek to produce pre-determined target investment outcomes based upon the performance of an underlying security or index. The pre-determined outcomes sought by the Fund are intended to reflect the performance of the Underlying ETF over an approximate one-year period (the Investment Period ), subject to a buffer (the Buffer ) against certain Underlying ETF losses and a cap.

PSMJ tracks the SPDR S&P 500 ETF Trust.

No, PSMJ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PSMJ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PSMJ is -0.0027%. This is the percent change in the value of PSMJ over the most recent 1-month period. The 3-month return on PSMJ is 0.0162%. This is the percent change in the value of PSMJ over the most recent 3-month period.

The standard deviation of PSMJ for the past year is 0.1073%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PSMJ include DJUL, DAUG, and FAUG.

ETFs correlated to PSMJ include FJUL, BJUL, and FSEP.

ETFs that are inversely correlated to PSMJ include SPDN, SPXS, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.