JAZZ vs. PSCE

Last updated Aug 6, 2026

JAZZ (Jazz Pharmaceuticals plc) is a stock, while PSCE (Invesco S&P SmallCap Energy ETF) is Energy Equities fund tracking the S&P SmallCap 600 Energy Index. Over the past 10 years, JAZZ returned 5.67%/yr vs -2.40%/yr for PSCE. Their 0.31 correlation means their historical movements had little consistent relationship.

Performance

JAZZ vs. PSCE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Jazz Pharmaceuticals plc (JAZZ) and Invesco S&P SmallCap Energy ETF (PSCE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, JAZZ achieves a 53.86% return, which is significantly higher than PSCE's 31.68% return. Over the past 10 years, JAZZ has outperformed PSCE with an annualized return of 5.67%, while PSCE has yielded a comparatively lower -2.40% annualized return.

JAZZ

• 1D: -0.02%
• 1M: 7.13%
• 6M: 57.84%
• YTD: 53.86%
• 1Y: 131.07%
• 3Y*: 26.20%
• 5Y*: 11.76%
• 10Y*: 5.67%
• ALL TIME*: 15.14%

PSCE

• 1D: -3.44%
• 1M: 4.90%
• 6M: 10.22%
• YTD: 31.68%
• 1Y: 44.49%
• 3Y*: 2.62%
• 5Y*: 13.56%
• 10Y*: -2.40%
• ALL TIME*: -4.10%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
JAZZ Jazz Pharmaceuticals plc	$225.74M	$196.10M	$205.87M
PSCE Invesco S&P SmallCap Energy ETF	$960.74K	$1.29M	$1.55M

JAZZ vs. PSCE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
JAZZ Jazz Pharmaceuticals plc	53.86%	38.04%	0.12%	-22.79%	25.05%	-22.81%	10.56%	20.43%	-7.94%	23.50%
PSCE Invesco S&P SmallCap Energy ETF	31.68%	-9.00%	-5.47%	5.07%	48.45%	59.85%	-40.31%	-14.93%	-42.98%	-26.70%

Correlation

The correlation between JAZZ and PSCE is -0.04, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.04
Correlation (3Y) Balances recent behavior with more history.	0.15
Correlation (5Y) Shows whether the relationship held over a longer period.	0.22
Correlation (10Y) Provides a long-term view across more market conditions.	0.26
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.31

The correlation between JAZZ and PSCE shifts across timeframes, from -0.04 (1 year) to 0.31 (all time), reflecting how their relationship changes across market environments.

Return for Risk

JAZZ vs. PSCE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

JAZZ

JAZZ Risk / Return Rank: 98
JAZZ Sharpe Ratio Rank: 98
JAZZ Sortino Ratio Rank: 98
JAZZ Omega Ratio Rank: 98
JAZZ Calmar Ratio Rank: 99
JAZZ Martin Ratio Rank: 99

PSCE

PSCE Risk / Return Rank: 60
PSCE Sharpe Ratio Rank: 61
PSCE Sortino Ratio Rank: 57
PSCE Omega Ratio Rank: 52
PSCE Calmar Ratio Rank: 70
PSCE Martin Ratio Rank: 60

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

JAZZ vs. PSCE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Jazz Pharmaceuticals plc (JAZZ) 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.

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.

	JAZZ	PSCE	Difference
Sharpe ratio: Return per unit of total volatility	3.52	1.65	+1.87
Sortino ratio: Return per unit of downside risk	5.06	2.22	+2.84
Omega ratio: Gain probability vs. loss probability	1.65	1.27	+0.38
Calmar ratio: Return relative to maximum drawdown	11.55	2.76	+8.79
Martin ratio: Return relative to average drawdown	29.14	8.13	+21.01

JAZZ vs. PSCE - Sharpe Ratio Comparison

The current JAZZ Sharpe Ratio is 3.52, which is higher than the PSCE Sharpe Ratio of 1.65. The chart below compares the historical Sharpe Ratios of JAZZ and PSCE, 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

JAZZ vs. PSCE - Drawdown Comparison

The maximum JAZZ drawdown since its inception was -96.90%, roughly equal to the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for JAZZ and PSCE.

Drawdown Indicators

	JAZZ	PSCE	Difference
Max Drawdown Largest peak-to-trough decline	-96.90%	-96.21%	-0.69%
Max Drawdown (1Y) Largest decline over 1 year	-11.42%	-16.17%	+4.75%
Max Drawdown (3Y) Largest decline over 3 years	-32.71%	-44.57%	+11.86%
Max Drawdown (5Y) Largest decline over 5 years	-42.03%	-45.42%	+3.39%
Max Drawdown (10Y) Largest decline over 10 years	-52.10%	-90.70%	+38.60%
Current Drawdown Current decline from peak	-0.02%	-76.60%	+76.58%
Average Drawdown Average peak-to-trough decline	-27.19%	-59.00%	+31.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.54%	5.50%	-0.96%

Volatility

JAZZ vs. PSCE - Volatility Comparison

The current volatility for Jazz Pharmaceuticals plc (JAZZ) is 8.21%, while Invesco S&P SmallCap Energy ETF (PSCE) has a volatility of 9.28%. This indicates that JAZZ 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.

Volatility by Period

	JAZZ	PSCE	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.21%	9.28%	-1.07%
Volatility (6M) Calculated over the trailing 6-month period	23.12%	20.33%	+2.79%
Volatility (1Y) Calculated over the trailing 1-year period	37.57%	27.18%	+10.39%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	31.63%	36.87%	-5.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.73%	43.02%	-10.29%

Dividends

JAZZ vs. PSCE - Dividend Comparison

JAZZ has not paid dividends to shareholders, while PSCE's dividend yield for the trailing twelve months is around 2.29%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
JAZZ Jazz Pharmaceuticals plc	0.00%	0.00%	0.00%	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	2.29%	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

Can I hold both JAZZ and PSCE in my portfolio?

JAZZ and PSCE have a correlation of -0.04, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, JAZZ or PSCE?

PSCE has higher volatility (9.28%) compared to JAZZ (8.21%). In terms of maximum drawdown, JAZZ dropped -96.90% vs PSCE's -96.21%.

Which has better risk-adjusted returns?

JAZZ currently has the higher Sharpe Ratio (3.52 vs 1.65), 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.