PSCD vs. ISHP

Last updated Aug 2, 2026

PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and ISHP (First Trust S-Network Global E-Commerce ETF) are both Consumer Discretionary Equities funds - PSCD tracks the S&P Small Cap 600 / Consumer Discretionary -SEC while ISHP tracks the S-Network Global E-Commerce Index. Both are passively managed. Over the past 5 years, PSCD returned 2.08%/yr vs 2.04%/yr for ISHP. Their 0.57 correlation means they have sometimes moved together and sometimes differently. PSCD charges 0.29%/yr vs 0.60%/yr for ISHP.

Performance

PSCD vs. ISHP - 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 S-Network Global E-Commerce ETF (ISHP). 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 ISHP's -8.73% 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%

ISHP

• 1D: -0.82%
• 1M: 4.54%
• 6M: -7.70%
• YTD: -8.73%
• 1Y: -8.31%
• 3Y*: 8.87%
• 5Y*: 2.04%
• 10Y*: —
• ALL TIME*: 7.29%

*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)
ISHP First Trust S-Network Global E-Commerce ETF	$7.11K	$5.31K	$3.27K
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	$37.38K	$43.87K	$67.57K

PSCD vs. ISHP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	13.01%	-2.87%	6.46%	33.23%	-28.06%	37.34%	29.07%	17.49%	-9.28%	18.16%
ISHP First Trust S-Network Global E-Commerce ETF	-8.73%	12.27%	24.17%	22.24%	-33.79%	30.09%	15.33%	19.74%	-2.04%	7.66%

Correlation

The correlation between PSCD and ISHP is 0.59, 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.	0.59
Correlation (3Y) Balances recent behavior with more history.	0.61
Correlation (5Y) Shows whether the relationship held over a longer period.	0.63
Correlation (All Time) Calculated using the full available price history since Oct 11, 2016	0.57

The correlation between PSCD and ISHP has been stable across timeframes, ranging from 0.57 to 0.63 - a consistent structural relationship.

PSCD vs. ISHP - Sectors Allocation Comparison

Sectors	PSCD	ISHP
Consumer Cyclical	83.9%	25.8%
Consumer Defensive	8.3%	1.5%
Industrials	4.5%	7.6%
Technology	1.4%	7.6%
Healthcare	1.2%	1.5%
Real Estate	0.7%	4.5%
Communication Services	0.2%	15.2%
Basic Materials	-	-
Energy	-	-
Financial Services	-	3.0%
Utilities	-	-

Return for Risk

PSCD vs. ISHP — 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

ISHP

ISHP Risk / Return Rank: 5
ISHP Sharpe Ratio Rank: 5
ISHP Sortino Ratio Rank: 5
ISHP Omega Ratio Rank: 5
ISHP Calmar Ratio Rank: 6
ISHP Martin Ratio Rank: 6

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. ISHP - 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 S-Network Global E-Commerce ETF (ISHP). 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	ISHP	Difference
Sharpe ratio: Return per unit of total volatility	0.77	-0.53	+1.30
Sortino ratio: Return per unit of downside risk	1.29	-0.64	+1.93
Omega ratio: Gain probability vs. loss probability	1.15	0.93	+0.22
Calmar ratio: Return relative to maximum drawdown	1.07	-0.39	+1.47
Martin ratio: Return relative to average drawdown	2.67	-0.70	+3.37

PSCD vs. ISHP - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.77, which is higher than the ISHP Sharpe Ratio of -0.53. The chart below compares the historical Sharpe Ratios of PSCD and ISHP, 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. ISHP - Drawdown Comparison

The maximum PSCD drawdown since its inception was -56.57%, which is greater than ISHP's maximum drawdown of -47.57%. Use the drawdown chart below to compare losses from any high point for PSCD and ISHP.

Drawdown Indicators

	PSCD	ISHP	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-47.57%	-9.00%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-24.75%	+7.61%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-24.75%	-7.18%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	-47.57%	+7.54%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	—	—
Current Drawdown Current decline from peak	-3.41%	-16.15%	+12.74%
Average Drawdown Average peak-to-trough decline	-11.25%	-12.76%	+1.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	13.89%	-7.02%

Volatility

PSCD vs. ISHP - Volatility Comparison

Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) has a higher volatility of 6.09% compared to First Trust S-Network Global E-Commerce ETF (ISHP) at 5.32%. This indicates that PSCD's price experiences larger fluctuations and is considered to be riskier than ISHP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCD	ISHP	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	5.32%	+0.77%
Volatility (6M) Calculated over the trailing 6-month period	16.85%	14.80%	+2.05%
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	18.30%	+5.83%
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%	24.03%	+5.07%

PSCD vs. ISHP - Expense Ratio Comparison

PSCD has a 0.29% expense ratio, which is lower than ISHP's 0.60% expense ratio.

Dividends

PSCD vs. ISHP - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 0.99%, less than ISHP's 1.14% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ISHP First Trust S-Network Global E-Commerce ETF	1.14%	1.34%	1.02%	1.58%	0.76%	0.53%	0.82%	1.16%	0.89%	1.65%	0.23%	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 ISHP in my portfolio?

PSCD and ISHP have a correlation of 0.59, 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 ISHP?

PSCD has higher volatility (6.09%) compared to ISHP (5.32%). In terms of maximum drawdown, PSCD dropped -56.57% vs ISHP's -47.57%.

Which ETF is better, PSCD or ISHP?

On 5-year performance, PSCD leads with 2.08% vs 2.04% for ISHP. On fees, PSCD is cheaper at 0.29% per year. On volatility, ISHP has been the lower-risk option at 5.32%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCD or ISHP?

Over the 5-year period, PSCD has performed better with a 2.08% return vs 2.04%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCD or ISHP?

PSCD is cheaper with a 0.29% expense ratio, compared with 0.60% for ISHP.

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

ISHP has the higher dividend yield at 1.14%, compared with 0.99% for PSCD.

What is the main difference between PSCD and ISHP?

PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while ISHP tracks S-Network Global E-Commerce Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.29% for PSCD and 0.60% for ISHP.

Which has better risk-adjusted returns?

PSCD currently has the higher Sharpe Ratio (0.77 vs -0.53), 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.