PSCD vs. DBE
PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and DBE (Invesco DB Energy Fund) are both exchange-traded funds - PSCD is a Consumer Discretionary Equities fund tracking the S&P Small Cap 600 / Consumer Discretionary -SEC, while DBE is a Oil & Gas fund tracking the DBIQ Optimum Yield Energy Index. Both are passively managed. Over the past 10 years, PSCD returned 10.08%/yr vs 11.15%/yr for DBE. At a 0.20 correlation, their price movements are largely independent. PSCD charges 0.29%/yr vs 0.78%/yr for DBE.
Performance
PSCD vs. DBE - Performance Comparison
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Returns By Period
In the year-to-date period, PSCD achieves a 12.29% return, which is significantly lower than DBE's 66.08% return. Over the past 10 years, PSCD has underperformed DBE with an annualized return of 10.08%, while DBE has yielded a comparatively higher 11.15% annualized return.
PSCD
- 1D
- -0.23%
- 1M
- 2.34%
- 6M
- 3.15%
- YTD
- 12.29%
- 1Y
- 12.32%
- 3Y*
- 9.02%
- 5Y*
- 1.98%
- 10Y*
- 10.08%
DBE
- 1D
- 6.87%
- 1M
- -1.18%
- 6M
- 62.18%
- YTD
- 66.08%
- 1Y
- 53.22%
- 3Y*
- 17.13%
- 5Y*
- 16.54%
- 10Y*
- 11.15%
PSCD vs. DBE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 12.29% | -2.87% | 6.46% | 33.23% | -28.06% | 37.34% | 29.07% | 17.49% | -9.28% | 18.16% |
DBE Invesco DB Energy Fund | 66.08% | -2.17% | 2.96% | -12.14% | 33.77% | 57.56% | -25.91% | 19.72% | -12.95% | 5.21% |
Correlation
The correlation between PSCD and DBE is -0.33, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.06 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.13 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.20 |
The correlation between PSCD and DBE shifts across timeframes, from -0.33 (1 year) to 0.20 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCD vs. DBE — Risk / Return Rank
PSCD
DBE
PSCD vs. DBE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Invesco DB Energy Fund (DBE). 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.
| PSCD | DBE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.16 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.26 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 2.16 | -1.44 |
| Martin ratioReturn relative to average drawdown | 1.78 | 6.57 | -4.78 |
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Drawdowns
PSCD vs. DBE - Drawdown Comparison
The maximum PSCD drawdown since its inception was -56.57%, smaller than the maximum DBE drawdown of -86.69%. Use the drawdown chart below to compare losses from any high point for PSCD and DBE.
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Drawdown Indicators
| PSCD | DBE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -86.69% | +30.12% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -24.72% | +7.58% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -24.72% | -7.21% |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | -38.74% | -1.29% |
Max Drawdown (10Y)Largest decline over 10 years | -56.57% | -60.84% | +4.27% |
Current DrawdownCurrent decline from peak | -2.22% | -36.95% | +34.73% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -57.20% | +45.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 8.13% | -1.20% |
Volatility
PSCD vs. DBE - Volatility Comparison
The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 6.98%, while Invesco DB Energy Fund (DBE) has a volatility of 12.49%. This indicates that PSCD experiences smaller price fluctuations and is considered to be less risky than DBE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCD | DBE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | 12.49% | -5.51% |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | 32.73% | -15.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.28% | 36.03% | -11.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.74% | 29.89% | -2.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 28.40% | +0.67% |
PSCD vs. DBE - Expense Ratio Comparison
PSCD has a 0.29% expense ratio, which is lower than DBE's 0.78% expense ratio.
Dividends
PSCD vs. DBE - Dividend Comparison
PSCD's dividend yield for the trailing twelve months is around 1.00%, less than DBE's 2.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBE Invesco DB Energy Fund | 2.33% | 3.86% | 6.32% | 3.87% | 0.75% | 0.00% | 0.00% | 1.79% | 1.67% | 0.00% | 0.00% | 0.00% |
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 1.00% | 0.94% | 1.28% | 1.09% | 1.60% | 0.57% | 0.56% | 0.91% | 1.39% | 0.97% | 1.07% | 1.10% |
Frequently Asked Questions
PSCD and DBE have a correlation of -0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBE has higher volatility (12.49%) compared to PSCD (6.98%). In terms of maximum drawdown, PSCD dropped -56.57% vs DBE's -86.69%.
On 10-year performance, DBE leads with 11.15% vs 10.08% for PSCD. On fees, PSCD is cheaper at 0.29% per year. On volatility, PSCD has been the lower-risk option at 6.98%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBE has performed better with a 11.15% return vs 10.08%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCD is cheaper with a 0.29% expense ratio, compared with 0.78% for DBE.
DBE has the higher dividend yield at 2.33%, compared with 1.00% for PSCD.
PSCD is categorized as Consumer Discretionary Equities, while DBE is Oil & Gas. PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while DBE tracks DBIQ Optimum Yield Energy Index. Their fees differ too: 0.29% for PSCD and 0.78% for DBE.
DBE currently has the higher Sharpe Ratio (1.49 vs 0.51), 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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