IGF vs. PSCI

Last updated Jun 24, 2026

IGF (iShares Global Infrastructure ETF) and PSCI (Invesco S&P SmallCap Industrials ETF) are both Industrials Equities funds - IGF tracks the S&P Global Infrastructure Index (Net) while PSCI tracks the S&P SmallCap 600 Industrials Index. Both are passively managed. Over the past 10 years, IGF returned 8.79%/yr vs 15.82%/yr for PSCI. A 0.58 correlation means they provide meaningful diversification when combined. IGF charges 0.39%/yr vs 0.29%/yr for PSCI.

Performance

IGF vs. PSCI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Global Infrastructure ETF (IGF) and Invesco S&P SmallCap Industrials ETF (PSCI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IGF achieves a 9.67% return, which is significantly lower than PSCI's 18.77% return. Over the past 10 years, IGF has underperformed PSCI with an annualized return of 8.79%, while PSCI has yielded a comparatively higher 15.82% annualized return.

IGF

• 1D: -0.03%
• 1M: -0.16%
• YTD: 9.67%
• 6M: 8.98%
• 1Y: 17.62%
• 3Y*: 16.78%
• 5Y*: 10.70%
• 10Y*: 8.79%

PSCI

• 1D: -1.73%
• 1M: 5.91%
• YTD: 18.77%
• 6M: 15.85%
• 1Y: 40.48%
• 3Y*: 22.48%
• 5Y*: 14.78%
• 10Y*: 15.82%

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

IGF vs. PSCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IGF iShares Global Infrastructure ETF	9.67%	21.31%	14.81%	6.14%	-1.26%	11.57%	-6.50%	25.82%	-9.95%	19.31%
PSCI Invesco S&P SmallCap Industrials ETF	18.77%	13.50%	16.68%	31.64%	-9.02%	24.44%	12.02%	29.80%	-13.20%	17.52%

Correlation

The correlation between IGF and PSCI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (3Y) Calculated over the trailing 3-year period	0.52
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (10Y) Calculated over the trailing 10-year period	0.54
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.58

The correlation between IGF and PSCI has been stable across timeframes, ranging from 0.49 to 0.59 - a consistent structural relationship.

IGF vs. PSCI - Sectors Allocation Comparison

Sectors	IGF	PSCI
Industrials	40.6%	83.2%
Utilities	39.7%	-
Energy	19.6%	1.8%
Real Estate	0.1%	0.9%
Basic Materials	-	0.9%
Communication Services	-	0.3%
Consumer Cyclical	-	5.2%
Consumer Defensive	-	-
Financial Services	-	0.1%
Healthcare	-	0.5%
Technology	-	6.9%

Return for Risk

IGF vs. PSCI — Risk / Return Rank

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

IGF

IGF Risk / Return Rank: 53
IGF Sharpe Ratio Rank: 51
IGF Sortino Ratio Rank: 51
IGF Omega Ratio Rank: 49
IGF Calmar Ratio Rank: 64
IGF Martin Ratio Rank: 51

PSCI

PSCI Risk / Return Rank: 59
PSCI Sharpe Ratio Rank: 61
PSCI Sortino Ratio Rank: 63
PSCI Omega Ratio Rank: 55
PSCI Calmar Ratio Rank: 59
PSCI Martin Ratio Rank: 56

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.

IGF vs. PSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Global Infrastructure ETF (IGF) and Invesco S&P SmallCap Industrials ETF (PSCI). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	IGF	PSCI	Difference
Sharpe ratio: Return per unit of total volatility	1.68	1.90	-0.22
Sortino ratio: Return per unit of downside risk	2.39	2.75	-0.37
Omega ratio: Gain probability vs. loss probability	1.30	1.32	-0.02
Calmar ratio: Return relative to maximum drawdown	3.02	2.73	+0.28
Martin ratio: Return relative to average drawdown	8.52	9.29	-0.77

IGF vs. PSCI - Sharpe Ratio Comparison

The current IGF Sharpe Ratio is 1.68, which is comparable to the PSCI Sharpe Ratio of 1.90. The chart below compares the historical Sharpe Ratios of IGF and PSCI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IGF vs. PSCI - Drawdown Comparison

The maximum IGF drawdown since its inception was -58.33%, which is greater than PSCI's maximum drawdown of -45.55%. Use the drawdown chart below to compare losses from any high point for IGF and PSCI.

Drawdown Indicators

	IGF	PSCI	Difference
Max Drawdown Largest peak-to-trough decline	-58.33%	-45.55%	-12.78%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-14.88%	+9.01%
Max Drawdown (3Y) Largest decline over 3 years	-14.28%	-29.36%	+15.08%
Max Drawdown (5Y) Largest decline over 5 years	-20.83%	-29.36%	+8.53%
Max Drawdown (10Y) Largest decline over 10 years	-42.11%	-45.55%	+3.44%
Current Drawdown Current decline from peak	-2.99%	-1.73%	-1.26%
Average Drawdown Average peak-to-trough decline	-11.84%	-6.89%	-4.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.07%	4.37%	-2.30%

Volatility

IGF vs. PSCI - Volatility Comparison

The current volatility for iShares Global Infrastructure ETF (IGF) is 3.35%, while Invesco S&P SmallCap Industrials ETF (PSCI) has a volatility of 5.81%. This indicates that IGF experiences smaller price fluctuations and is considered to be less risky than PSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IGF	PSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.35%	5.81%	-2.46%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	15.80%	-7.07%
Volatility (1Y) Calculated over the trailing 1-year period	10.56%	21.44%	-10.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.96%	23.00%	-9.04%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.73%	25.25%	-8.52%

IGF vs. PSCI - Expense Ratio Comparison

IGF has a 0.39% expense ratio, which is higher than PSCI's 0.29% expense ratio.

Dividends

IGF vs. PSCI - Dividend Comparison

IGF's dividend yield for the trailing twelve months is around 2.91%, more than PSCI's 1.33% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IGF iShares Global Infrastructure ETF	2.91%	3.23%	3.21%	3.36%	2.67%	2.42%	2.33%	3.27%	3.52%	2.95%	2.98%	3.25%
PSCI Invesco S&P SmallCap Industrials ETF	1.33%	1.56%	0.65%	0.72%	0.87%	0.69%	0.59%	0.64%	0.67%	0.71%	0.74%	1.02%

Frequently Asked Questions

Can I hold both IGF and PSCI in my portfolio?

IGF and PSCI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IGF or PSCI?

PSCI has higher volatility (5.81%) compared to IGF (3.35%). In terms of maximum drawdown, IGF dropped -58.33% vs PSCI's -45.55%.

Which ETF is better, IGF or PSCI?

On 10-year performance, PSCI leads with 15.82% vs 8.79% for IGF. On fees, PSCI is cheaper at 0.29% per year. On volatility, IGF has been the lower-risk option at 3.35%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IGF or PSCI?

Over the 10-year period, PSCI has performed better with a 15.82% return vs 8.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IGF or PSCI?

PSCI is cheaper with a 0.29% expense ratio, compared with 0.39% for IGF.

Which ETF pays a higher dividend yield, IGF or PSCI?

IGF has the higher dividend yield at 2.91%, compared with 1.33% for PSCI.

What is the main difference between IGF and PSCI?

IGF tracks S&P Global Infrastructure Index (Net), while PSCI tracks S&P SmallCap 600 Industrials Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.39% for IGF and 0.29% for PSCI.

Which has better risk-adjusted returns?

PSCI currently has the higher Sharpe Ratio (1.90 vs 1.68), 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.