PSCD vs. FTEC
Compare and contrast key facts about Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Fidelity MSCI Information Technology Index ETF (FTEC).
PSCD and FTEC 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. FTEC is a passively managed fund by Fidelity that tracks the performance of the MSCI USA IMI Information Technology Index. It was launched on Oct 21, 2013. Both PSCD and FTEC 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 FTEC.
Key characteristics
| PSCD | FTEC | |
|---|---|---|
| YTD Return | 9.33% | 28.96% |
| 1Y Return | 27.90% | 37.69% |
| 3Y Return (Ann) | -0.63% | 12.48% |
| 5Y Return (Ann) | 13.98% | 22.84% |
| 10Y Return (Ann) | 9.99% | 20.65% |
| Sharpe Ratio | 1.49 | 1.94 |
| Sortino Ratio | 2.24 | 2.51 |
| Omega Ratio | 1.26 | 1.34 |
| Calmar Ratio | 1.31 | 2.68 |
| Martin Ratio | 7.53 | 9.66 |
| Ulcer Index | 4.81% | 4.23% |
| Daily Std Dev | 24.22% | 21.08% |
| Max Drawdown | -56.57% | -34.95% |
| Current Drawdown | -6.41% | -0.83% |
Correlation
The correlation between PSCD and FTEC is 0.55, 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. FTEC - Performance Comparison
In the year-to-date period, PSCD achieves a 9.33% return, which is significantly lower than FTEC's 28.96% return. Over the past 10 years, PSCD has underperformed FTEC with an annualized return of 9.99%, while FTEC has yielded a comparatively higher 20.65% annualized return. 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. FTEC - Expense Ratio Comparison
PSCD has a 0.29% expense ratio, which is higher than FTEC's 0.08% expense ratio.
Risk-Adjusted Performance
PSCD vs. FTEC - 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 Information Technology Index ETF (FTEC). 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. FTEC - Dividend Comparison
PSCD's dividend yield for the trailing twelve months is around 1.31%, more than FTEC's 0.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 1.31% | 1.09% | 1.60% | 0.57% | 0.55% | 0.91% | 1.39% | 0.97% | 1.06% | 1.10% | 0.69% | 0.43% |
FTEC Fidelity MSCI Information Technology Index ETF | 0.61% | 0.77% | 0.93% | 0.63% | 0.83% | 1.03% | 1.20% | 0.96% | 1.25% | 1.27% | 1.09% | 0.18% |
Drawdowns
PSCD vs. FTEC - Drawdown Comparison
The maximum PSCD drawdown since its inception was -56.57%, which is greater than FTEC's maximum drawdown of -34.95%. Use the drawdown chart below to compare losses from any high point for PSCD and FTEC. For additional features, visit the drawdowns tool.
Volatility
PSCD vs. FTEC - Volatility Comparison
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Fidelity MSCI Information Technology Index ETF (FTEC) have volatilities of 5.89% and 6.03%, 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.