PSCD vs. DVXY

Last updated Aug 2, 2026

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. Over the past year, PSCD returned 19.09% vs -3.16% for DVXY. Their 0.63 correlation means they have sometimes moved together and sometimes differently. PSCD charges 0.29%/yr vs 0.89%/yr for DVXY.

Performance

PSCD vs. DVXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCD achieves a 13.01% return, which is significantly higher than DVXY's -12.70% return.

PSCD

• 1D: -1.01%
• 1M: -0.20%
• 6M: 8.46%
• YTD: 13.01%
• 1Y: 19.09%
• 3Y*: 8.35%
• 5Y*: 2.08%
• 10Y*: 10.31%
• ALL TIME*: 10.81%

DVXY

• 1D: 3.83%
• 1M: -3.09%
• 6M: -14.07%
• YTD: -12.70%
• 1Y: -3.16%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: -11.33%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	$169.08	$603.38	$908.50
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	$37.38K	$43.87K	$67.57K

PSCD vs. DVXY - Yearly Performance Comparison

	2026 (YTD)	2025
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	13.01%	-0.81%
DVXY WEBs Consumer Discretionary XLY Defined Volatility ETF	-12.70%	1.31%

Correlation

The correlation between PSCD and DVXY is 0.62, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.62
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.63

The correlation between PSCD and DVXY has been stable across timeframes, ranging from 0.62 to 0.63 - a consistent structural relationship.

Return for Risk

PSCD vs. DVXY — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSCD

PSCD Risk / Return Rank: 32
PSCD Sharpe Ratio Rank: 31
PSCD Sortino Ratio Rank: 34
PSCD Omega Ratio Rank: 31
PSCD Calmar Ratio Rank: 32
PSCD Martin Ratio Rank: 30

DVXY

DVXY Risk / Return Rank: 7
DVXY Sharpe Ratio Rank: 7
DVXY Sortino Ratio Rank: 7
DVXY Omega Ratio Rank: 8
DVXY Calmar Ratio Rank: 7
DVXY Martin Ratio Rank: 7

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

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 ratio: Return per unit of total volatility	0.77	-0.27	+1.04
Sortino ratio: Return per unit of downside risk	1.29	-0.20	+1.49
Omega ratio: Gain probability vs. loss probability	1.15	0.98	+0.17
Calmar ratio: Return relative to maximum drawdown	1.07	-0.31	+1.38
Martin ratio: Return relative to average drawdown	2.67	-0.64	+3.31

PSCD vs. DVXY - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.77, which is higher than the DVXY Sharpe Ratio of -0.27. The chart below compares the historical Sharpe Ratios of PSCD and DVXY, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -24.30%. Use the drawdown chart below to compare losses from any high point for PSCD and DVXY.

Drawdown Indicators

	PSCD	DVXY	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-24.30%	-32.27%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-24.30%	+7.16%
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 Drawdown Current decline from peak	-3.41%	-18.78%	+15.37%
Average Drawdown Average peak-to-trough decline	-11.25%	-9.36%	-1.89%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	11.68%	-4.81%

Volatility

PSCD vs. DVXY - Volatility Comparison

The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 6.09%, while WEBs Consumer Discretionary XLY Defined Volatility ETF (DVXY) has a volatility of 9.20%. This indicates that PSCD experiences smaller price fluctuations and is considered to be less risky than DVXY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCD	DVXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	9.20%	-3.11%
Volatility (6M) Calculated over the trailing 6-month period	16.85%	20.04%	-3.19%
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	27.36%	-3.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	27.32%	+0.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.10%	27.32%	+1.78%

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 0.99%, 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	0.99%	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

Can I hold both PSCD and DVXY in my portfolio?

PSCD and DVXY have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCD or DVXY?

DVXY has higher volatility (9.20%) compared to PSCD (6.09%). In terms of maximum drawdown, PSCD dropped -56.57% vs DVXY's -24.30%.

Which ETF is better, PSCD or DVXY?

On 1-year performance, PSCD leads with 19.09% vs -3.16% for DVXY. On fees, PSCD is cheaper at 0.29% per year. On volatility, PSCD has been the lower-risk option at 6.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCD or DVXY?

Over the 1-year period, PSCD has performed better with a 19.09% return vs -3.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCD or DVXY?

PSCD is cheaper with a 0.29% expense ratio, compared with 0.89% for DVXY.

Which ETF pays a higher dividend yield, PSCD or DVXY?

PSCD has the higher dividend yield at 0.99%, compared with 0.00% for DVXY.

What is the main difference between PSCD and 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.

Which has better risk-adjusted returns?

PSCD currently has the higher Sharpe Ratio (0.77 vs -0.27), 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.