ADPV vs. PSCM

Last updated Apr 1, 2026

Compare and contrast key facts about Adaptiv Select ETF (ADPV) and Invesco S&P SmallCap Materials ETF (PSCM).

ADPV and PSCM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ADPV is an actively managed fund by Adaptiv. It was launched on Nov 3, 2022. PSCM is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 / Materials -SEC. It was launched on Apr 7, 2010.

Performance

ADPV vs. PSCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Adaptiv Select ETF (ADPV) and Invesco S&P SmallCap Materials ETF (PSCM). The values are adjusted to include any dividend payments, if applicable.

ADPV vs. PSCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ADPV Adaptiv Select ETF	-1.57%	21.19%	43.88%	-0.62%	0.57%
PSCM Invesco S&P SmallCap Materials ETF	18.11%	15.59%	0.67%	19.86%	-3.28%

Returns By Period

In the year-to-date period, ADPV achieves a -1.57% return, which is significantly lower than PSCM's 18.11% return.

ADPV

• 1D: 3.40%
• 1M: -6.60%
• YTD: -1.57%
• 6M: -0.05%
• 1Y: 23.44%
• 3Y*: 22.21%
• 5Y*: —
• 10Y*: —

PSCM

• 1D: 2.48%
• 1M: 0.04%
• YTD: 18.11%
• 6M: 28.41%
• 1Y: 50.44%
• 3Y*: 14.75%
• 5Y*: 10.33%
• 10Y*: 13.09%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ADPV vs. PSCM - Expense Ratio Comparison

ADPV has a 1.00% expense ratio, which is higher than PSCM's 0.29% expense ratio.

ADPV

Adaptiv Select ETF

PSCM

Invesco S&P SmallCap Materials ETF

Return for Risk

ADPV vs. PSCM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ADPV

ADPV Risk / Return Rank: 62
ADPV Sharpe Ratio Rank: 61
ADPV Sortino Ratio Rank: 61
ADPV Omega Ratio Rank: 56
ADPV Calmar Ratio Rank: 70
ADPV Martin Ratio Rank: 62

PSCM

PSCM Risk / Return Rank: 86
PSCM Sharpe Ratio Rank: 86
PSCM Sortino Ratio Rank: 88
PSCM Omega Ratio Rank: 81
PSCM Calmar Ratio Rank: 88
PSCM Martin Ratio Rank: 88

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ADPV vs. PSCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Adaptiv Select ETF (ADPV) and Invesco S&P SmallCap Materials ETF (PSCM). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	ADPV	PSCM	Difference
Sharpe ratio Return per unit of total volatility	1.02	1.76	-0.74
Sortino ratio Return per unit of downside risk	1.48	2.46	-0.97
Omega ratio Gain probability vs. loss probability	1.20	1.31	-0.11
Calmar ratio Return relative to maximum drawdown	1.68	2.81	-1.13
Martin ratio Return relative to average drawdown	5.68	10.86	-5.18
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ADPV vs. PSCM - Sharpe Ratio Comparison

The current ADPV Sharpe Ratio is 1.02, which is lower than the PSCM Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of ADPV and PSCM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ADPV	PSCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.02	1.76	-0.74
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.40	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.49	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.83	0.38	+0.45

Correlation

The correlation between ADPV and PSCM is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

ADPV vs. PSCM - Dividend Comparison

ADPV's dividend yield for the trailing twelve months is around 0.71%, less than PSCM's 1.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ADPV Adaptiv Select ETF	0.71%	0.70%	0.67%	0.22%	0.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCM Invesco S&P SmallCap Materials ETF	1.09%	1.17%	0.80%	0.81%	0.93%	0.67%	1.56%	1.14%	1.25%	0.61%	0.76%	1.33%

Drawdowns

ADPV vs. PSCM - Drawdown Comparison

The maximum ADPV drawdown since its inception was -22.30%, smaller than the maximum PSCM drawdown of -51.34%. Use the drawdown chart below to compare losses from any high point for ADPV and PSCM.

Drawdown Indicators

	ADPV	PSCM	Difference
Max Drawdown Largest peak-to-trough decline	-22.30%	-51.34%	+29.04%
Max Drawdown (1Y) Largest decline over 1 year	-13.88%	-17.76%	+3.88%
Max Drawdown (5Y) Largest decline over 5 years	—	-35.36%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-51.34%	—
Current Drawdown Current decline from peak	-8.53%	-4.39%	-4.14%
Average Drawdown Average peak-to-trough decline	-5.53%	-10.99%	+5.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.11%	4.60%	-0.49%

Volatility

ADPV vs. PSCM - Volatility Comparison

Adaptiv Select ETF (ADPV) has a higher volatility of 9.71% compared to Invesco S&P SmallCap Materials ETF (PSCM) at 9.12%. This indicates that ADPV's price experiences larger fluctuations and is considered to be riskier than PSCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ADPV	PSCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.71%	9.12%	+0.59%
Volatility (6M) Calculated over the trailing 6-month period	20.19%	17.83%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	23.05%	28.81%	-5.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.96%	25.81%	-4.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.96%	26.91%	-5.95%