NVIR vs. PSCE
Compare and contrast key facts about Horizon Kinetics Energy Remediation ETF (NVIR) and Invesco S&P SmallCap Energy ETF (PSCE).
NVIR and PSCE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. NVIR is an actively managed fund by Horizon. It was launched on Feb 21, 2023. PSCE is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Energy Index. It was launched on Apr 7, 2010.
Performance
NVIR vs. PSCE - Performance Comparison
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NVIR vs. PSCE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 23.20% | 9.84% | 17.53% | 6.90% |
PSCE Invesco S&P SmallCap Energy ETF | 42.67% | -9.00% | -5.47% | 10.15% |
Returns By Period
In the year-to-date period, NVIR achieves a 23.20% return, which is significantly lower than PSCE's 42.67% return.
NVIR
- 1D
- 0.04%
- 1M
- 2.38%
- YTD
- 23.20%
- 6M
- 25.81%
- 1Y
- 33.29%
- 3Y*
- 20.14%
- 5Y*
- —
- 10Y*
- —
PSCE
- 1D
- -0.78%
- 1M
- 10.75%
- YTD
- 42.67%
- 6M
- 44.85%
- 1Y
- 49.10%
- 3Y*
- 12.00%
- 5Y*
- 14.91%
- 10Y*
- -0.66%
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NVIR vs. PSCE - Expense Ratio Comparison
NVIR has a 0.85% expense ratio, which is higher than PSCE's 0.29% expense ratio.
Return for Risk
NVIR vs. PSCE — Risk / Return Rank
NVIR
PSCE
NVIR vs. PSCE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Horizon Kinetics Energy Remediation ETF (NVIR) 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.
| NVIR | PSCE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.52 | 1.39 | +0.13 |
Sortino ratioReturn per unit of downside risk | 1.96 | 1.82 | +0.14 |
Omega ratioGain probability vs. loss probability | 1.32 | 1.27 | +0.05 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 1.94 | 0.00 |
Martin ratioReturn relative to average drawdown | 8.38 | 6.52 | +1.86 |
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
| NVIR | PSCE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.52 | 1.39 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.39 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | -0.02 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.97 | -0.09 | +1.06 |
Correlation
The correlation between NVIR and PSCE is 0.88, 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
NVIR vs. PSCE - Dividend Comparison
NVIR's dividend yield for the trailing twelve months is around 0.74%, less than PSCE's 1.83% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
NVIR Horizon Kinetics Energy Remediation ETF | 0.74% | 0.92% | 1.50% | 1.34% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCE Invesco S&P SmallCap Energy ETF | 1.83% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
Drawdowns
NVIR vs. PSCE - Drawdown Comparison
The maximum NVIR drawdown since its inception was -22.47%, smaller than the maximum PSCE drawdown of -96.21%. Use the drawdown chart below to compare losses from any high point for NVIR and PSCE.
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Drawdown Indicators
| NVIR | PSCE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.47% | -96.21% | +73.74% |
Max Drawdown (1Y)Largest decline over 1 year | -17.59% | -25.44% | +7.85% |
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 | -2.27% | -74.65% | +72.38% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -58.66% | +54.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.08% | 7.59% | -3.51% |
Volatility
NVIR vs. PSCE - Volatility Comparison
The current volatility for Horizon Kinetics Energy Remediation ETF (NVIR) is 4.25%, while Invesco S&P SmallCap Energy ETF (PSCE) has a volatility of 5.33%. This indicates that NVIR 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
| NVIR | PSCE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 5.33% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.67% | 18.54% | -6.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.04% | 35.47% | -13.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.26% | 38.21% | -18.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.26% | 43.44% | -24.18% |