PSCD vs. IYC
Compare and contrast key facts about Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and iShares US Consumer Services ETF (IYC).
PSCD and IYC 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. IYC is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Consumer Services Index. It was launched on Jun 28, 2000. Both PSCD and IYC 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 IYC.
Key characteristics
| PSCD | IYC | |
|---|---|---|
| YTD Return | -2.60% | 2.87% |
| 1Y Return | 18.39% | 25.00% |
| 3Y Return (Ann) | -3.10% | 0.73% |
| 5Y Return (Ann) | 11.17% | 8.18% |
| 10Y Return (Ann) | 9.37% | 11.13% |
| Sharpe Ratio | 0.76 | 1.61 |
| Daily Std Dev | 23.48% | 14.91% |
| Max Drawdown | -56.57% | -53.10% |
| Current Drawdown | -16.62% | -9.11% |
Correlation
The correlation between PSCD and IYC is 0.76, 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.
Performance
PSCD vs. IYC - Performance Comparison
In the year-to-date period, PSCD achieves a -2.60% return, which is significantly lower than IYC's 2.87% return. Over the past 10 years, PSCD has underperformed IYC with an annualized return of 9.37%, while IYC has yielded a comparatively higher 11.13% 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. IYC - Expense Ratio Comparison
PSCD has a 0.29% expense ratio, which is lower than IYC's 0.42% expense ratio.
Risk-Adjusted Performance
PSCD vs. IYC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and iShares US Consumer Services ETF (IYC). 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. IYC - Dividend Comparison
PSCD's dividend yield for the trailing twelve months is around 1.12%, more than IYC's 0.64% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 1.12% | 1.09% | 1.60% | 0.57% | 0.56% | 0.91% | 1.39% | 0.97% | 1.07% | 1.10% | 0.69% | 0.44% |
IYC iShares US Consumer Services ETF | 0.64% | 0.68% | 0.68% | 0.39% | 0.65% | 0.89% | 0.90% | 0.92% | 1.10% | 1.03% | 0.79% | 0.79% |
Drawdowns
PSCD vs. IYC - Drawdown Comparison
The maximum PSCD drawdown since its inception was -56.57%, which is greater than IYC's maximum drawdown of -53.10%. Use the drawdown chart below to compare losses from any high point for PSCD and IYC. For additional features, visit the drawdowns tool.
Volatility
PSCD vs. IYC - Volatility Comparison
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) has a higher volatility of 6.93% compared to iShares US Consumer Services ETF (IYC) at 3.87%. This indicates that PSCD's price experiences larger fluctuations and is considered to be riskier than IYC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.