FDFF vs. PSCF

Last updated Apr 1, 2026

Compare and contrast key facts about Fidelity Disruptive Finance ETF (FDFF) and Invesco S&P SmallCap Financials ETF (PSCF).

FDFF and PSCF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FDFF is an actively managed fund by Fidelity. It was launched on Apr 16, 2020. PSCF is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Financials Index. It was launched on Apr 7, 2010.

Performance

FDFF vs. PSCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Fidelity Disruptive Finance ETF (FDFF) and Invesco S&P SmallCap Financials ETF (PSCF). The values are adjusted to include any dividend payments, if applicable.

FDFF vs. PSCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FDFF Fidelity Disruptive Finance ETF	-12.07%	-2.75%	27.86%	15.99%
PSCF Invesco S&P SmallCap Financials ETF	-0.43%	6.19%	15.50%	17.11%

Returns By Period

In the year-to-date period, FDFF achieves a -12.07% return, which is significantly lower than PSCF's -0.43% return.

FDFF

• 1D: 2.62%
• 1M: -4.44%
• YTD: -12.07%
• 6M: -13.30%
• 1Y: -9.61%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSCF

• 1D: 1.74%
• 1M: -3.09%
• YTD: -0.43%
• 6M: 0.37%
• 1Y: 10.16%
• 3Y*: 12.55%
• 5Y*: 2.57%
• 10Y*: 6.73%

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

FDFF vs. PSCF - Expense Ratio Comparison

FDFF has a 0.50% expense ratio, which is higher than PSCF's 0.29% expense ratio.

FDFF

Fidelity Disruptive Finance ETF

PSCF

Invesco S&P SmallCap Financials ETF

Return for Risk

FDFF vs. PSCF — Risk / Return Rank

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

FDFF

FDFF Risk / Return Rank: 4
FDFF Sharpe Ratio Rank: 5
FDFF Sortino Ratio Rank: 4
FDFF Omega Ratio Rank: 4
FDFF Calmar Ratio Rank: 5
FDFF Martin Ratio Rank: 4

PSCF

PSCF Risk / Return Rank: 29
PSCF Sharpe Ratio Rank: 27
PSCF Sortino Ratio Rank: 28
PSCF Omega Ratio Rank: 27
PSCF Calmar Ratio Rank: 32
PSCF Martin Ratio Rank: 29

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.

FDFF vs. PSCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity Disruptive Finance ETF (FDFF) and Invesco S&P SmallCap Financials ETF (PSCF). 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.

	FDFF	PSCF	Difference
Sharpe ratio Return per unit of total volatility	-0.43	0.47	-0.90
Sortino ratio Return per unit of downside risk	-0.47	0.80	-1.27
Omega ratio Gain probability vs. loss probability	0.94	1.11	-0.17
Calmar ratio Return relative to maximum drawdown	-0.43	0.77	-1.20
Martin ratio Return relative to average drawdown	-1.05	2.43	-3.48
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FDFF vs. PSCF - Sharpe Ratio Comparison

The current FDFF Sharpe Ratio is -0.43, which is lower than the PSCF Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of FDFF and PSCF, 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

	FDFF	PSCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.43	0.47	-0.90
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.11	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.47	0.36	+0.11

Correlation

The correlation between FDFF and PSCF is 0.72, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

FDFF vs. PSCF - Dividend Comparison

FDFF's dividend yield for the trailing twelve months is around 1.03%, less than PSCF's 2.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FDFF Fidelity Disruptive Finance ETF	1.03%	0.86%	0.70%	0.27%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCF Invesco S&P SmallCap Financials ETF	2.55%	2.09%	2.48%	3.32%	2.93%	1.83%	3.57%	4.27%	4.21%	2.26%	3.01%	2.37%

Drawdowns

FDFF vs. PSCF - Drawdown Comparison

The maximum FDFF drawdown since its inception was -23.06%, smaller than the maximum PSCF drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for FDFF and PSCF.

Drawdown Indicators

	FDFF	PSCF	Difference
Max Drawdown Largest peak-to-trough decline	-23.06%	-45.46%	+22.40%
Max Drawdown (1Y) Largest decline over 1 year	-22.31%	-14.27%	-8.04%
Max Drawdown (5Y) Largest decline over 5 years	—	-36.77%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.46%	—
Current Drawdown Current decline from peak	-20.14%	-7.36%	-12.78%
Average Drawdown Average peak-to-trough decline	-5.77%	-8.67%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	9.19%	4.53%	+4.66%

Volatility

FDFF vs. PSCF - Volatility Comparison

Fidelity Disruptive Finance ETF (FDFF) has a higher volatility of 6.00% compared to Invesco S&P SmallCap Financials ETF (PSCF) at 4.76%. This indicates that FDFF's price experiences larger fluctuations and is considered to be riskier than PSCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FDFF	PSCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.00%	4.76%	+1.24%
Volatility (6M) Calculated over the trailing 6-month period	14.20%	12.51%	+1.69%
Volatility (1Y) Calculated over the trailing 1-year period	22.46%	21.57%	+0.89%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.04%	22.56%	-3.52%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.04%	24.79%	-5.75%