PSCD vs. DVXY
PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and DVXY (WEBs Consumer Discretionary XLY Defined Volatility ETF) are both Consumer Discretionary Equities funds - PSCD tracks the S&P Small Cap 600 / Consumer Discretionary -SEC while DVXY tracks the Syntax Defined Volatility XLY Index. Both are passively managed. A 0.64 correlation means they provide meaningful diversification when combined. PSCD charges 0.29%/yr vs 0.89%/yr for DVXY.
Performance
PSCD vs. DVXY - Performance Comparison
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Returns By Period
In the year-to-date period, PSCD achieves a 12.29% return, which is significantly higher than DVXY's -11.00% 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%
DVXY
- 1D
- -1.16%
- 1M
- -0.54%
- 6M
- -17.21%
- YTD
- -11.00%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSCD vs. DVXY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 12.29% | -0.81% |
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF | -11.00% | 1.31% |
Correlation
The correlation between PSCD and DVXY is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.64 |
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Return for Risk
PSCD vs. DVXY — Risk / Return Rank
PSCD
DVXY
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSCD vs. DVXY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY). 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 | DVXY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.11 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | — | — |
| Martin ratioReturn relative to average drawdown | 1.78 | — | — |
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Drawdowns
PSCD vs. DVXY - Drawdown Comparison
The maximum PSCD drawdown since its inception was -56.57%, which is greater than DVXY's maximum drawdown of -23.09%. Use the drawdown chart below to compare losses from any high point for PSCD and DVXY.
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Drawdown Indicators
| PSCD | DVXY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -23.09% | -33.48% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | — | — |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -56.57% | — | — |
Current DrawdownCurrent decline from peak | -2.22% | -17.21% | +14.99% |
Average DrawdownAverage peak-to-trough decline | -11.28% | -8.75% | -2.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | — | — |
Volatility
PSCD vs. DVXY - Volatility Comparison
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Volatility by Period
| PSCD | DVXY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.98% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 16.85% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.28% | 26.76% | -2.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.74% | 26.76% | +0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.07% | 26.76% | +2.31% |
PSCD vs. DVXY - Expense Ratio Comparison
PSCD has a 0.29% expense ratio, which is lower than DVXY's 0.89% expense ratio.
Dividends
PSCD vs. DVXY - Dividend Comparison
PSCD's dividend yield for the trailing twelve months is around 1.00%, while DVXY has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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 DVXY have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSCD is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSCD is cheaper with a 0.29% expense ratio, compared with 0.89% for DVXY.
PSCD has the higher dividend yield at 1.00%, compared with 0.00% for DVXY.
PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while DVXY tracks Syntax Defined Volatility XLY Index. They also come from different issuers: Invesco and WEBs. Their fees differ too: 0.29% for PSCD and 0.89% for DVXY.
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