ICBMX vs. PSCM
Compare and contrast key facts about ICON Natural Resources and Infrastructure Fund (ICBMX) and Invesco S&P SmallCap Materials ETF (PSCM).
ICBMX is managed by ICON Funds. It was launched on May 4, 1997. 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
ICBMX vs. PSCM - Performance Comparison
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ICBMX vs. PSCM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 15.65% | 15.95% | 21.25% | 11.02% | 0.50% | 30.63% | 5.53% | 22.11% | -17.38% | 16.93% |
PSCM Invesco S&P SmallCap Materials ETF | 19.07% | 15.59% | 0.67% | 19.86% | -6.45% | 18.02% | 22.18% | 21.75% | -23.28% | 10.37% |
Returns By Period
In the year-to-date period, ICBMX achieves a 15.65% return, which is significantly lower than PSCM's 19.07% return. Both investments have delivered pretty close results over the past 10 years, with ICBMX having a 13.20% annualized return and PSCM not far behind at 13.19%.
ICBMX
- 1D
- 2.40%
- 1M
- -3.46%
- YTD
- 15.65%
- 6M
- 18.51%
- 1Y
- 42.47%
- 3Y*
- 21.21%
- 5Y*
- 14.05%
- 10Y*
- 13.20%
PSCM
- 1D
- 0.81%
- 1M
- 0.86%
- YTD
- 19.07%
- 6M
- 29.12%
- 1Y
- 51.56%
- 3Y*
- 15.06%
- 5Y*
- 10.51%
- 10Y*
- 13.19%
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ICBMX vs. PSCM - Expense Ratio Comparison
ICBMX has a 1.31% expense ratio, which is higher than PSCM's 0.29% expense ratio.
Return for Risk
ICBMX vs. PSCM — Risk / Return Rank
ICBMX
PSCM
ICBMX vs. PSCM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for ICON Natural Resources and Infrastructure Fund (ICBMX) 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.
| ICBMX | PSCM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.72 | 1.80 | -0.08 |
Sortino ratioReturn per unit of downside risk | 2.43 | 2.50 | -0.06 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.32 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 2.59 | 2.91 | -0.32 |
Martin ratioReturn relative to average drawdown | 11.22 | 11.22 | 0.00 |
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
| ICBMX | PSCM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.72 | 1.80 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.68 | 0.41 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.49 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.38 | -0.09 |
Correlation
The correlation between ICBMX and PSCM is 0.71, 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
ICBMX vs. PSCM - Dividend Comparison
ICBMX's dividend yield for the trailing twelve months is around 8.65%, more than PSCM's 1.08% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ICBMX ICON Natural Resources and Infrastructure Fund | 8.65% | 10.01% | 17.24% | 7.07% | 11.07% | 1.32% | 0.32% | 1.55% | 21.58% | 1.19% | 0.53% | 7.78% |
PSCM Invesco S&P SmallCap Materials ETF | 1.08% | 1.17% | 0.80% | 0.81% | 0.93% | 0.67% | 1.56% | 1.14% | 1.25% | 0.61% | 0.76% | 1.33% |
Drawdowns
ICBMX vs. PSCM - Drawdown Comparison
The maximum ICBMX drawdown since its inception was -63.92%, which is greater than PSCM's maximum drawdown of -51.34%. Use the drawdown chart below to compare losses from any high point for ICBMX and PSCM.
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Drawdown Indicators
| ICBMX | PSCM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.92% | -51.34% | -12.58% |
Max Drawdown (1Y)Largest decline over 1 year | -16.07% | -17.76% | +1.69% |
Max Drawdown (5Y)Largest decline over 5 years | -26.49% | -35.36% | +8.87% |
Max Drawdown (10Y)Largest decline over 10 years | -48.18% | -51.34% | +3.16% |
Current DrawdownCurrent decline from peak | -3.46% | -3.61% | +0.15% |
Average DrawdownAverage peak-to-trough decline | -17.97% | -10.99% | -6.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 4.61% | -0.90% |
Volatility
ICBMX vs. PSCM - Volatility Comparison
The current volatility for ICON Natural Resources and Infrastructure Fund (ICBMX) is 6.79%, while Invesco S&P SmallCap Materials ETF (PSCM) has a volatility of 8.93%. This indicates that ICBMX experiences smaller price fluctuations and is considered to be less risky than PSCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ICBMX | PSCM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.79% | 8.93% | -2.14% |
Volatility (6M)Calculated over the trailing 6-month period | 15.91% | 17.81% | -1.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.07% | 28.81% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.88% | 25.81% | -4.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.29% | 26.90% | -4.61% |