PSCD vs. FHLC
Compare and contrast key facts about Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Fidelity MSCI Health Care Index ETF (FHLC).
PSCD and FHLC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCD is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 / Consumer Discretionary -SEC. It was launched on Apr 7, 2010. FHLC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Health Care Index. It was launched on Oct 21, 2013. Both PSCD and FHLC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCD or FHLC.
Key characteristics
| PSCD | FHLC | |
|---|---|---|
| YTD Return | 10.84% | 11.28% |
| 1Y Return | 37.33% | 22.71% |
| 3Y Return (Ann) | -0.18% | 3.70% |
| 5Y Return (Ann) | 14.27% | 10.70% |
| 10Y Return (Ann) | 10.15% | 10.01% |
| Sharpe Ratio | 1.61 | 2.15 |
| Sortino Ratio | 2.38 | 3.00 |
| Omega Ratio | 1.28 | 1.39 |
| Calmar Ratio | 1.25 | 1.86 |
| Martin Ratio | 8.13 | 9.85 |
| Ulcer Index | 4.81% | 2.36% |
| Daily Std Dev | 24.24% | 10.87% |
| Max Drawdown | -56.57% | -28.76% |
| Current Drawdown | -5.12% | -3.70% |
Correlation
The correlation between PSCD and FHLC is 0.49, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PSCD vs. FHLC - Performance Comparison
The year-to-date returns for both investments are quite close, with PSCD having a 10.84% return and FHLC slightly higher at 11.28%. Both investments have delivered pretty close results over the past 10 years, with PSCD having a 10.15% annualized return and FHLC not far behind at 10.01%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSCD vs. FHLC - Expense Ratio Comparison
PSCD has a 0.29% expense ratio, which is higher than FHLC's 0.08% expense ratio.
Risk-Adjusted Performance
PSCD vs. FHLC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Fidelity MSCI Health Care Index ETF (FHLC). 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.
Dividends
PSCD vs. FHLC - Dividend Comparison
PSCD's dividend yield for the trailing twelve months is around 1.29%, less than FHLC's 1.34% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 1.29% | 1.09% | 1.60% | 0.57% | 0.55% | 0.91% | 1.39% | 0.97% | 1.06% | 1.10% | 0.69% | 0.43% |
FHLC Fidelity MSCI Health Care Index ETF | 1.34% | 1.40% | 1.30% | 1.16% | 1.45% | 1.18% | 2.14% | 1.38% | 1.40% | 2.07% | 1.03% | 0.20% |
Drawdowns
PSCD vs. FHLC - Drawdown Comparison
The maximum PSCD drawdown since its inception was -56.57%, which is greater than FHLC's maximum drawdown of -28.76%. Use the drawdown chart below to compare losses from any high point for PSCD and FHLC. For additional features, visit the drawdowns tool.
Volatility
PSCD vs. FHLC - Volatility Comparison
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) has a higher volatility of 5.78% compared to Fidelity MSCI Health Care Index ETF (FHLC) at 2.89%. This indicates that PSCD's price experiences larger fluctuations and is considered to be riskier than FHLC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.