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Invesco S&P SmallCap Health Care ETF (PSCH) Sharpe Ratio: 1.99

ETF · Currency in USD · Last updated Aug 2, 2026

PSCH is a passive ETF by Invesco tracking the investment results of the S&P SmallCap 600 Health Care Index. PSCH launched on Apr 7, 2010 and has a 0.29% expense ratio.

PSCH's Sharpe Ratio of 1.99 indicates that for each unit of volatility, it generates 1.99 units of excess return above the risk-free rate. The ratio is calculated using historical daily returns over the past 12 months (as of Aug 2, 2026).

Sharpe uses total volatility (standard deviation) which includes both upside and downside price movements, making it useful for comparing risk-adjusted returns across different assets. For how to read this number and when it can mislead, see Sharpe Ratio Explained.

PSCH Sharpe Ratio Rank

PSCH Sharpe Ratio Rank: 84.585
Exceptional

PSCH ranks above 84.5% of all investments in our database based on Sharpe Ratio over the past 12 months, demonstrating exceptional risk-adjusted returns. Securities are ranked from 0 (worst) to 100 (best).

What moves the rank

  • Strong returns with low total volatility → Higher rank
  • High volatility (both upside and downside) → Lower rank
  • Consistent returns → Higher rank than volatile returns of same magnitude
  • Sharp drawdowns increase volatility → Lower rank

What you can do with this information

  • Suitable as a core holding given strong risk-adjusted returns
  • Monitor rank changes to detect deteriorating return-to-volatility profile
  • Exceptional Sharpe ratio supports larger position sizes
  • Compare with category peers to assess whether strength is investment-specific or category-wide

PSCH Sharpe Ratio Market Positioning

The chart shows PSCH's Sharpe Ratio relative to all ETFs on our platform, with color zones indicating percentile rankings. Higher ratios indicate better risk-adjusted returns.

  • Red zone (bottom 25%): 0.56 or lower
  • Yellow zone (middle 50%): 0.56 to 1.74
  • Green zone (top 25%): 1.74 or higher
  • Top 1%: 6.34+
  • Median: 1.26 — half of all investments score higher

How it compares to other similar ETFs

The table compares Invesco S&P SmallCap Health Care ETF's Sharpe Ratio with other ETFs in the Health & Biotech Equities category across multiple time periods, showing how PSCH's risk-adjusted performance compares to similar funds.

Data shows 1-, 5-, and 10-year periods, plus each fund's all-time average, as of Aug 2, 2026.

SymbolName1Y Sharpe Ratio5Y Sharpe Ratio10Y Sharpe RatioAll Time Sharpe Ratio
BBCVirtus LifeSci Biotech Clinical Trials ETF3.55
LFSCF/m Emerald Life Sciences Innovation ETF3.25
IHEiShares U.S. Pharmaceuticals ETF3.23
FTXHFirst Trust Nasdaq Pharmaceuticals ETF3.12
PJPInvesco Dynamic Pharmaceuticals ETF3.10
SBIOALPS Medical Breakthroughs ETF3.05
XPHSPDR S&P Pharmaceuticals ETF2.95
XHSSPDR S&P Health Care Services ETF2.75
XBISPDR S&P Biotech ETF2.70
CANCTema Oncology ETF2.51
PSCHInvesco S&P SmallCap Health Care ETF1.99
Benchmark

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Historical Sharpe Ratio

The chart shows PSCH's rolling Sharpe ratio over time compared to your chosen benchmark. Rising trends indicate improving returns relative to total volatility, while declining trends may signal deteriorating risk-adjusted performance or increased volatility. Use multiple timeframes to distinguish short-term fluctuations from long-term patterns.

Identify market cycles by observing when PSCH consistently outperforms (line above benchmark), underperforms (below benchmark), or aligns with the benchmark.

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