PSCD vs. KLXY

Last updated Jun 4, 2026

PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both Consumer Discretionary Equities funds - PSCD tracks the S&P Small Cap 600 / Consumer Discretionary -SEC while KLXY tracks the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. A 0.62 correlation means they provide meaningful diversification when combined. PSCD charges 0.29%/yr vs 0.69%/yr for KLXY.

Performance

PSCD vs. KLXY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Kraneshares Global Luxury Index ETF (KLXY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PSCD

• 1D: -0.54%
• 1M: 3.79%
• YTD: 4.11%
• 6M: 2.55%
• 1Y: 10.62%
• 3Y*: 8.90%
• 5Y*: -0.65%
• 10Y*: 9.80%

KLXY

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCD vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	4.11%	-2.87%	6.46%	17.14%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between PSCD and KLXY is 0.57, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.57
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.62

The correlation between PSCD and KLXY has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.

PSCD vs. KLXY - Sectors Allocation Comparison

Sectors	PSCD	KLXY
Consumer Cyclical	87.7%	73.2%
Consumer Defensive	7.9%	21.8%
Industrials	2.1%	-
Technology	1.6%	-
Real Estate	0.6%	-
Communication Services	0.2%	-
Basic Materials	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	4.9%
Utilities	-	-

Return for Risk

PSCD vs. KLXY — Risk / Return Rank

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

PSCD

PSCD Risk / Return Rank: 16
PSCD Sharpe Ratio Rank: 15
PSCD Sortino Ratio Rank: 16
PSCD Omega Ratio Rank: 15
PSCD Calmar Ratio Rank: 17
PSCD Martin Ratio Rank: 16

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. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Kraneshares Global Luxury Index ETF (KLXY). 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	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	0.44	—	—
Sortino ratio: Return per unit of downside risk	0.82	—	—
Omega ratio: Gain probability vs. loss probability	1.09	—	—
Calmar ratio: Return relative to maximum drawdown	0.62	—	—
Martin ratio: Return relative to average drawdown	1.54	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSCD	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	—	—

Drawdowns

Drawdown Indicators

	PSCD	KLXY	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	—	—
Current Drawdown Current decline from peak	-7.85%	—	—
Average Drawdown Average peak-to-trough decline	-11.33%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	—	—

Volatility

Volatility by Period

	PSCD	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	—	—
Volatility (6M) Calculated over the trailing 6-month period	16.31%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.18%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.91%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.06%	—	—

PSCD vs. KLXY - Expense Ratio Comparison

PSCD has a 0.29% expense ratio, which is lower than KLXY's 0.69% expense ratio.

Dividends

PSCD vs. KLXY - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 0.91%, more than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	0.91%	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 KLXY in my portfolio?

PSCD and KLXY have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSCD or KLXY?

On fees, PSCD is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSCD or KLXY?

PSCD is cheaper with a 0.29% expense ratio, compared with 0.69% for KLXY.

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

PSCD has the higher dividend yield at 0.91%, compared with 0.85% for KLXY.

What is the main difference between PSCD and KLXY?

PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. They also come from different issuers: Invesco and KraneShares. Their fees differ too: 0.29% for PSCD and 0.69% for KLXY.