PSCC vs. USML
PSCC (Invesco S&P SmallCap Consumer Staples ETF) and USML (ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN) are both exchange-traded funds - PSCC is a Consumer Staples Equities fund tracking the S&P Small Cap 600 Capped Consumer Staples, while USML is a Leveraged Equities fund tracking the MSCI USA Minimum Volatility Index. Both are passively managed. Over the past 5 years, PSCC returned -0.20%/yr vs 7.85%/yr for USML. A 0.59 correlation means they provide meaningful diversification when combined. PSCC charges 0.29%/yr vs 0.95%/yr for USML.
Performance
PSCC vs. USML - Performance Comparison
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Returns By Period
In the year-to-date period, PSCC achieves a 7.16% return, which is significantly higher than USML's 1.71% return.
PSCC
- 1D
- 1.46%
- 1M
- 0.51%
- YTD
- 7.16%
- 6M
- 6.18%
- 1Y
- -2.82%
- 3Y*
- -1.02%
- 5Y*
- -0.20%
- 10Y*
- 6.30%
USML
- 1D
- -1.73%
- 1M
- 3.16%
- YTD
- 1.71%
- 6M
- 1.67%
- 1Y
- 1.50%
- 3Y*
- 16.28%
- 5Y*
- 7.85%
- 10Y*
- —
PSCC vs. USML - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSCC Invesco S&P SmallCap Consumer Staples ETF | 7.16% | -16.47% | 0.98% | 14.83% | -6.66% | 14.38% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 1.71% | 9.33% | 23.97% | 11.37% | -22.87% | 42.12% |
Correlation
The correlation between PSCC and USML is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Feb 8, 2021 | 0.59 |
The correlation between PSCC and USML has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
PSCC vs. USML — Risk / Return Rank
PSCC
USML
PSCC vs. USML - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Staples ETF (PSCC) and ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML). 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.
| PSCC | USML | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.29 | ||
| Sortino ratioReturn per unit of downside risk | -0.41 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.04 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | -0.13 | 0.22 | -0.35 |
| Martin ratioReturn relative to average drawdown | -0.22 | 0.67 | -0.89 |
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
| PSCC | USML | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.12 | 0.18 | -0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.01 | 0.32 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.33 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.42 | +0.13 |
Drawdowns
PSCC vs. USML - Drawdown Comparison
The maximum PSCC drawdown since its inception was -33.61%, roughly equal to the maximum USML drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for PSCC and USML.
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Drawdown Indicators
| PSCC | USML | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.61% | -35.34% | +1.73% |
Max Drawdown (1Y)Largest decline over 1 year | -15.17% | -13.09% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -23.36% | -19.14% | -4.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.36% | -35.34% | +11.98% |
Max Drawdown (10Y)Largest decline over 10 years | -33.61% | — | — |
Current DrawdownCurrent decline from peak | -16.33% | -4.86% | -11.47% |
Average DrawdownAverage peak-to-trough decline | -5.98% | -10.40% | +4.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 8.68% | 4.35% | +4.33% |
Volatility
PSCC vs. USML - Volatility Comparison
Invesco S&P SmallCap Consumer Staples ETF (PSCC) and ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) have volatilities of 4.71% and 4.58%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCC | USML | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.71% | 4.58% | +0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 10.80% | 11.57% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.50% | 16.45% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.24% | 24.47% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.29% | 24.29% | -5.00% |
PSCC vs. USML - Expense Ratio Comparison
PSCC has a 0.29% expense ratio, which is lower than USML's 0.95% expense ratio.
Dividends
PSCC vs. USML - Dividend Comparison
PSCC's dividend yield for the trailing twelve months is around 2.08%, while USML has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCC Invesco S&P SmallCap Consumer Staples ETF | 2.08% | 2.35% | 1.88% | 1.49% | 1.29% | 1.21% | 1.59% | 1.77% | 0.94% | 1.25% | 1.48% | 1.34% |
USML ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
PSCC and USML have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCC has higher volatility (4.71%) compared to USML (4.58%). In terms of maximum drawdown, PSCC dropped -33.61% vs USML's -35.34%.
On 5-year performance, USML leads with 7.85% vs -0.20% for PSCC. On fees, PSCC is cheaper at 0.29% per year. On volatility, USML has been the lower-risk option at 4.58%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, USML has performed better with a 7.85% return vs -0.20%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCC is cheaper with a 0.29% expense ratio, compared with 0.95% for USML.
PSCC has the higher dividend yield at 2.08%, compared with 0.00% for USML.
PSCC is categorized as Consumer Staples Equities, while USML is Leveraged Equities. PSCC tracks S&P Small Cap 600 Capped Consumer Staples, while USML tracks MSCI USA Minimum Volatility Index. They also come from different issuers: Invesco and UBS. Their fees differ too: 0.29% for PSCC and 0.95% for USML.
USML currently has the higher Sharpe Ratio (0.18 vs -0.12), 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.
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