PSCD vs. FXD

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and First Trust Consumer Discretionary AlphaDEX Fund (FXD).

PSCD and FXD 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. FXD is a passively managed fund by First Trust that tracks the performance of the StrataQuant Consumer Discretionary Index. It was launched on May 8, 2007. Both PSCD and FXD are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PSCD vs. FXD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). The values are adjusted to include any dividend payments, if applicable.

PSCD vs. FXD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	-1.61%	-2.87%	6.46%	33.23%	-28.06%	37.34%	29.07%	17.49%	-9.28%	18.16%
FXD First Trust Consumer Discretionary AlphaDEX Fund	-6.20%	6.70%	10.57%	23.39%	-21.56%	22.72%	12.97%	24.22%	-11.60%	19.77%

Returns By Period

In the year-to-date period, PSCD achieves a -1.61% return, which is significantly higher than FXD's -6.20% return. Over the past 10 years, PSCD has outperformed FXD with an annualized return of 8.97%, while FXD has yielded a comparatively lower 7.08% annualized return.

PSCD

• 1D: 3.23%
• 1M: -9.07%
• YTD: -1.61%
• 6M: -7.31%
• 1Y: 12.57%
• 3Y*: 6.30%
• 5Y*: -0.69%
• 10Y*: 8.97%

FXD

• 1D: 3.17%
• 1M: -7.69%
• YTD: -6.20%
• 6M: -5.82%
• 1Y: 11.48%
• 3Y*: 8.09%
• 5Y*: 2.54%
• 10Y*: 7.08%

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

PSCD vs. FXD - Expense Ratio Comparison

PSCD has a 0.29% expense ratio, which is lower than FXD's 0.63% expense ratio.

FXD

First Trust Consumer Discretionary AlphaDEX Fund

PSCD

Invesco S&P SmallCap Consumer Discretionary ETF

Return for Risk

PSCD vs. FXD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSCD

PSCD Risk / Return Rank: 28
PSCD Sharpe Ratio Rank: 26
PSCD Sortino Ratio Rank: 29
PSCD Omega Ratio Rank: 27
PSCD Calmar Ratio Rank: 31
PSCD Martin Ratio Rank: 26

FXD

FXD Risk / Return Rank: 30
FXD Sharpe Ratio Rank: 27
FXD Sortino Ratio Rank: 31
FXD Omega Ratio Rank: 28
FXD Calmar Ratio Rank: 33
FXD Martin Ratio Rank: 30

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSCD vs. FXD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and First Trust Consumer Discretionary AlphaDEX Fund (FXD). 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.

	PSCD	FXD	Difference
Sharpe ratio Return per unit of total volatility	0.44	0.47	-0.03
Sortino ratio Return per unit of downside risk	0.84	0.87	-0.03
Omega ratio Gain probability vs. loss probability	1.11	1.11	0.00
Calmar ratio Return relative to maximum drawdown	0.76	0.81	-0.06
Martin ratio Return relative to average drawdown	1.95	2.50	-0.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCD vs. FXD - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.44, which is comparable to the FXD Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of PSCD and FXD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSCD	FXD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	0.47	-0.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.11	-0.14
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.31	0.30	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.30	+0.08

Correlation

The correlation between PSCD and FXD is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PSCD vs. FXD - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 0.97%, more than FXD's 0.82% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	0.97%	0.94%	1.28%	1.09%	1.60%	0.57%	0.56%	0.91%	1.39%	0.97%	1.07%	1.10%
FXD First Trust Consumer Discretionary AlphaDEX Fund	0.82%	0.80%	0.89%	0.70%	1.00%	0.62%	0.42%	0.92%	1.08%	0.93%	1.05%	0.90%

Drawdowns

PSCD vs. FXD - Drawdown Comparison

The maximum PSCD drawdown since its inception was -56.57%, smaller than the maximum FXD drawdown of -65.27%. Use the drawdown chart below to compare losses from any high point for PSCD and FXD.

Drawdown Indicators

	PSCD	FXD	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-65.27%	+8.70%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-15.35%	-1.79%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-33.74%	-8.14%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	-49.54%	-7.03%
Current Drawdown Current decline from peak	-12.91%	-11.21%	-1.70%
Average Drawdown Average peak-to-trough decline	-11.35%	-11.00%	-0.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.64%	5.00%	+1.64%

Volatility

PSCD vs. FXD - Volatility Comparison

Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) has a higher volatility of 6.98% compared to First Trust Consumer Discretionary AlphaDEX Fund (FXD) at 6.61%. This indicates that PSCD's price experiences larger fluctuations and is considered to be riskier than FXD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCD	FXD	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	6.61%	+0.37%
Volatility (6M) Calculated over the trailing 6-month period	17.36%	13.91%	+3.45%
Volatility (1Y) Calculated over the trailing 1-year period	28.64%	24.35%	+4.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.01%	22.52%	+5.49%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.97%	23.57%	+5.40%