GENM vs. PSCE
GENM (Genter Capital Municipal Quality Intermediate ETF) and PSCE (Invesco S&P SmallCap Energy ETF) are both exchange-traded funds - GENM is a Municipal Bonds fund actively managed by Genter Capital, while PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index. GENM is actively managed, while PSCE is passively managed. Over the past year, GENM returned 5.22% vs 61.94% for PSCE. At a correlation of -0.07, they often move in opposite directions. GENM charges 0.39%/yr vs 0.29%/yr for PSCE.
Performance
GENM vs. PSCE - Performance Comparison
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Returns By Period
In the year-to-date period, GENM achieves a 1.68% return, which is significantly lower than PSCE's 42.33% return.
GENM
- 1D
- 0.10%
- 1M
- 0.64%
- YTD
- 1.68%
- 6M
- 1.86%
- 1Y
- 5.22%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSCE
- 1D
- 0.29%
- 1M
- -4.35%
- YTD
- 42.33%
- 6M
- 34.80%
- 1Y
- 61.94%
- 3Y*
- 12.72%
- 5Y*
- 10.77%
- 10Y*
- -1.45%
GENM vs. PSCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
GENM Genter Capital Municipal Quality Intermediate ETF | 1.68% | 5.10% | 2.29% |
PSCE Invesco S&P SmallCap Energy ETF | 42.33% | -9.00% | -10.05% |
Correlation
The correlation between GENM and PSCE is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (All Time) Calculated using the full available price history since May 23, 2024 | -0.07 |
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Return for Risk
GENM vs. PSCE — Risk / Return Rank
GENM
PSCE
GENM vs. PSCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Genter Capital Municipal Quality Intermediate ETF (GENM) and Invesco S&P SmallCap Energy ETF (PSCE). 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.
| GENM | PSCE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.36 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.43 | 6.61 | -4.18 |
| Martin ratioReturn relative to average drawdown | 7.90 | 16.61 | -8.70 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| GENM | PSCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 2.32 | -0.50 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.29 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.03 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.43 | -0.09 | +1.52 |
Drawdowns
GENM vs. PSCE - Drawdown Comparison
The maximum GENM drawdown since its inception was -2.41%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for GENM and PSCE.
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Drawdown Indicators
| GENM | PSCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -2.41% | -96.21% | +93.80% |
Max Drawdown (1Y)Largest decline over 1 year | -2.15% | -9.41% | +7.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -44.57% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -45.42% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -90.70% | — |
Current DrawdownCurrent decline from peak | -0.38% | -74.71% | +74.33% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -58.83% | +58.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.66% | 3.74% | -3.08% |
Volatility
GENM vs. PSCE - Volatility Comparison
The current volatility for Genter Capital Municipal Quality Intermediate ETF (GENM) is 0.61%, while Invesco S&P SmallCap Energy ETF (PSCE) has a volatility of 7.96%. This indicates that GENM experiences smaller price fluctuations and is considered to be less risky than PSCE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| GENM | PSCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 7.96% | -7.35% |
Volatility (6M)Calculated over the trailing 6-month period | 1.86% | 18.54% | -16.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.88% | 27.01% | -24.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.16% | 37.44% | -34.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.16% | 43.26% | -40.10% |
GENM vs. PSCE - Expense Ratio Comparison
GENM has a 0.39% expense ratio, which is higher than PSCE's 0.29% expense ratio.
Dividends
GENM vs. PSCE - Dividend Comparison
GENM's dividend yield for the trailing twelve months is around 2.92%, more than PSCE's 1.84% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GENM Genter Capital Municipal Quality Intermediate ETF | 2.92% | 2.88% | 2.19% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCE Invesco S&P SmallCap Energy ETF | 1.84% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
Frequently Asked Questions
GENM and PSCE have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCE has higher volatility (7.96%) compared to GENM (0.61%). In terms of maximum drawdown, GENM dropped -2.41% vs PSCE's -96.21%.
On 1-year performance, PSCE leads with 61.94% vs 5.22% for GENM. On fees, PSCE is cheaper at 0.29% per year. On volatility, GENM has been the lower-risk option at 0.61%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PSCE has performed better with a 61.94% return vs 5.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCE is cheaper with a 0.29% expense ratio, compared with 0.39% for GENM.
GENM has the higher dividend yield at 2.92%, compared with 1.84% for PSCE.
GENM is categorized as Municipal Bonds, while PSCE is Energy Equities. They also come from different issuers: Genter Capital and Invesco. Their fees differ too: 0.39% for GENM and 0.29% for PSCE.
PSCE currently has the higher Sharpe Ratio (2.32 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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