Pacer Swan Jensen Alpha
| PSCJ ETF | | | USD 31.25 0.09 0.29% |
Jensen Alpha measures the return attributable to active skill rather than passive market exposure. It is the residual return after subtracting the risk-free rate and the beta-adjusted market premium — the return the asset should have earned based solely on its systematic risk. Below is Pacer Swan's current Jensen Alpha with peer comparisons and related risk metrics.
Current Jensen Alpha Value
The current Jensen Alpha of 0.0488 places Pacer Swan at positive alpha — return above what market exposure alone would predict. Pacer Swan has generated modest excess return beyond what its systematic risk exposure explains.
Jensen Alpha | = | ER[a] - RFR * (1-BETA) | - | BETA * ER[b]) |
| = | 0.0488 | |
| ER[a] | = | Expected return on investing in Pacer Swan |
| ER[b] | = | Expected return on market index or selected benchmark |
| BETA | = | Beta coefficient between Pacer Swan and the market |
| RFR | = | Risk Free Rate of return. Typically T-Bill Rate |
Jensen Alpha Peers Comparison
Pacer Swan falls below the 0.05 peer average for Jensen Alpha. AllianzIM Large Cap leads at 0.1063 while The Future Fund registers the lowest at -0.015. Pacer Swan has generated less excess return relative to its market exposure than the peer group average.
Jensen Alpha Relative To Other Indicators
The chart below plots Jensen Alpha against Maximum Drawdown for Pacer Swan and its peers. Each point represents one equity — position along the horizontal axis shows Jensen Alpha while the vertical axis shows Maximum Drawdown. Equities that cluster in different quadrants carry distinct risk-return profiles. Use the dropdowns to swap in other indicators for either axis.
Pacer Swan registers Jensen Alpha at
0.05 against Maximum Drawdown at
1.81 , producing a
37.02 multiple between them. This indicates Maximum Drawdown substantially exceeds Jensen Alpha for Pacer Swan.
Methodology, Assumptions & Data Sources
Pacer Swan has a current Jensen Alpha reading of 0.0488. The Jensen Alpha for Pacer Swan applies a standardized calculation to daily closing prices and, where applicable, volume data across the selected period. Data sources include daily closing prices from supported exchanges, with standard corporate action adjustments applied. The output reflects the selected calculation window — changing the horizon will produce different readings. This ETF metric is provided for analytical reference.
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