PCF vs. PSP

Last updated Feb 7, 2026

Compare and contrast key facts about High Income Securities Fund (PCF) and Invesco Global Listed Private Equity ETF (PSP).

PSP is a passively managed fund by Invesco that tracks the performance of the Red Rocks Global Listed Private Equity Index. It was launched on Oct 24, 2006.

Performance

PCF vs. PSP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in High Income Securities Fund (PCF) and Invesco Global Listed Private Equity ETF (PSP). The values are adjusted to include any dividend payments, if applicable.

PCF vs. PSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PCF High Income Securities Fund	-0.20%	5.31%	16.66%	10.45%	-15.56%	11.44%	8.13%	4.22%	5.46%	14.58%
PSP Invesco Global Listed Private Equity ETF	-15.50%	6.49%	17.42%	37.72%	-37.37%	27.30%	12.47%	35.73%	-15.12%	24.13%

Returns By Period

PCF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSP

• 1D: 2.50%
• 1M: -6.13%
• YTD: -15.50%
• 6M: -16.07%
• 1Y: -6.54%
• 3Y*: 10.76%
• 5Y*: 0.92%
• 10Y*: 7.53%

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

PCF vs. PSP - Expense Ratio Comparison

PSP

Invesco Global Listed Private Equity ETF

Return for Risk

PCF vs. PSP — Risk / Return Rank

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

PCF

PCF Risk / Return Rank: 10
PCF Sharpe Ratio Rank: 11
PCF Sortino Ratio Rank: 10
PCF Omega Ratio Rank: 10
PCF Calmar Ratio Rank: 11
PCF Martin Ratio Rank: 10

PSP

PSP Risk / Return Rank: 6
PSP Sharpe Ratio Rank: 7
PSP Sortino Ratio Rank: 7
PSP Omega Ratio Rank: 7
PSP Calmar Ratio Rank: 7
PSP Martin Ratio Rank: 5

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.

PCF vs. PSP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for High Income Securities Fund (PCF) and Invesco Global Listed Private Equity ETF (PSP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	PCF	PSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	-0.27	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.04	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.34	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.08	—

Correlation

The correlation between PCF and PSP is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PCF vs. PSP - Dividend Comparison

PCF's dividend yield for the trailing twelve months is around 11.68%, more than PSP's 6.84% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PCF High Income Securities Fund	9.73%	11.57%	11.29%	11.29%	13.48%	10.82%	11.46%	3.29%	6.88%	3.97%	4.52%	5.07%
PSP Invesco Global Listed Private Equity ETF	6.84%	5.87%	8.62%	3.96%	2.88%	10.34%	4.66%	5.87%	6.81%	10.18%	4.12%	6.23%

Drawdowns

Drawdown Indicators

	PCF	PSP	Difference
Max Drawdown Largest peak-to-trough decline	-53.82%	-85.40%	+31.58%
Max Drawdown (1Y) Largest decline over 1 year	-13.33%	-22.37%	+9.04%
Max Drawdown (5Y) Largest decline over 5 years	-29.06%	-47.16%	+18.10%
Max Drawdown (10Y) Largest decline over 10 years	-45.13%	-47.16%	+2.03%
Current Drawdown Current decline from peak	-2.21%	-19.63%	+17.42%
Average Drawdown Average peak-to-trough decline	-10.53%	-30.84%	+20.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.14%	7.91%	-3.77%

Volatility

Volatility by Period

	PCF	PSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	7.24%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.52%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	24.36%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.57%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	22.30%	—