PSCD vs. PSCT

Last updated Jun 4, 2026

PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and PSCT (Invesco S&P SmallCap Information Technology ETF) are both exchange-traded funds - PSCD is a Consumer Discretionary Equities fund tracking the S&P Small Cap 600 / Consumer Discretionary -SEC, while PSCT is a Technology Equities fund tracking the S&P SmallCap 600 Information Technology Index. Both are passively managed. Over the past 10 years, PSCD returned 9.80%/yr vs 16.70%/yr for PSCT. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.29% expense ratio.

Performance

PSCD vs. PSCT - Performance Comparison

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

Returns By Period

In the year-to-date period, PSCD achieves a 4.11% return, which is significantly lower than PSCT's 54.18% return. Over the past 10 years, PSCD has underperformed PSCT with an annualized return of 9.80%, while PSCT has yielded a comparatively higher 16.70% annualized return.

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%

PSCT

• 1D: -1.18%
• 1M: 15.45%
• YTD: 54.18%
• 6M: 50.59%
• 1Y: 98.87%
• 3Y*: 23.44%
• 5Y*: 13.84%
• 10Y*: 16.70%

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

PSCD vs. PSCT - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	4.11%	-2.87%	6.46%	33.23%	-28.06%	37.34%	29.07%	17.49%	-9.28%	18.16%
PSCT Invesco S&P SmallCap Information Technology ETF	54.18%	18.63%	-1.06%	20.81%	-22.50%	26.26%	27.79%	39.38%	-9.34%	9.96%

Correlation

The correlation between PSCD and PSCT is 0.61, 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	0.61
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010	0.73

The correlation between PSCD and PSCT shifts across timeframes, from 0.61 (1 year) to 0.73 (all time), reflecting how their relationship changes across market environments.

PSCD vs. PSCT - Sectors Allocation Comparison

Sectors	PSCD	PSCT
Consumer Cyclical	87.7%	-
Consumer Defensive	7.9%	-
Industrials	2.1%	5.1%
Technology	1.6%	85.2%
Real Estate	0.6%	-
Communication Services	0.2%	-
Basic Materials	-	-
Energy	-	5.0%
Financial Services	-	3.7%
Healthcare	-	-
Utilities	-	-

Return for Risk

PSCD vs. PSCT — 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

PSCT

PSCT Risk / Return Rank: 89
PSCT Sharpe Ratio Rank: 92
PSCT Sortino Ratio Rank: 85
PSCT Omega Ratio Rank: 81
PSCT Calmar Ratio Rank: 93
PSCT Martin Ratio Rank: 94

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. PSCT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Invesco S&P SmallCap Information Technology ETF (PSCT). 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	PSCT	Difference
Sharpe ratio: Return per unit of total volatility	0.44	3.35	-2.91
Sortino ratio: Return per unit of downside risk	0.82	3.88	-3.05
Omega ratio: Gain probability vs. loss probability	1.09	1.49	-0.40
Calmar ratio: Return relative to maximum drawdown	0.62	6.72	-6.09
Martin ratio: Return relative to average drawdown	1.54	28.34	-26.80
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. PSCT - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.44, which is lower than the PSCT Sharpe Ratio of 3.35. The chart below compares the historical Sharpe Ratios of PSCD and PSCT, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSCD	PSCT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	3.35	-2.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	0.50	-0.53
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.63	-0.29
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.62	-0.23

Drawdowns

PSCD vs. PSCT - Drawdown Comparison

The maximum PSCD drawdown since its inception was -56.57%, which is greater than PSCT's maximum drawdown of -40.44%. Use the drawdown chart below to compare losses from any high point for PSCD and PSCT.

Drawdown Indicators

	PSCD	PSCT	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-40.44%	-16.13%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-14.80%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-33.96%	+2.03%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-34.80%	-7.08%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	-40.44%	-16.13%
Current Drawdown Current decline from peak	-7.85%	-1.18%	-6.67%
Average Drawdown Average peak-to-trough decline	-11.33%	-7.91%	-3.42%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	3.50%	+3.40%

Volatility

PSCD vs. PSCT - Volatility Comparison

The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 7.62%, while Invesco S&P SmallCap Information Technology ETF (PSCT) has a volatility of 9.00%. This indicates that PSCD experiences smaller price fluctuations and is considered to be less risky than PSCT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCD	PSCT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	9.00%	-1.38%
Volatility (6M) Calculated over the trailing 6-month period	16.31%	21.05%	-4.74%
Volatility (1Y) Calculated over the trailing 1-year period	24.18%	29.82%	-5.64%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.91%	27.68%	+0.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.06%	26.67%	+2.39%

PSCD vs. PSCT - Expense Ratio Comparison

Both PSCD and PSCT have an expense ratio of 0.29%.

Dividends

PSCD vs. PSCT - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 0.91%, more than PSCT's 0.01% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PSCT Invesco S&P SmallCap Information Technology ETF	0.01%	0.02%	0.01%	0.02%	0.00%	0.01%	0.08%	0.22%	0.47%	0.19%	0.25%	0.15%

Frequently Asked Questions

Can I hold both PSCD and PSCT in my portfolio?

PSCD and PSCT have a correlation of 0.61, 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 PSCT?

PSCT has higher volatility (9.00%) compared to PSCD (7.62%). In terms of maximum drawdown, PSCD dropped -56.57% vs PSCT's -40.44%.

Which ETF is better, PSCD or PSCT?

On 10-year performance, PSCT leads with 16.70% vs 9.80% for PSCD. Both ETFs have the same 0.29% expense ratio. On volatility, PSCD has been the lower-risk option at 7.62%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCD or PSCT?

Over the 10-year period, PSCT has performed better with a 16.70% return vs 9.80%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCD or PSCT?

PSCD and PSCT have the same expense ratio: 0.29% per year.

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

PSCD has the higher dividend yield at 0.91%, compared with 0.01% for PSCT.

What is the main difference between PSCD and PSCT?

PSCD is categorized as Consumer Discretionary Equities, while PSCT is Technology Equities. PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while PSCT tracks S&P SmallCap 600 Information Technology Index.

Which has better risk-adjusted returns?

PSCT currently has the higher Sharpe Ratio (3.35 vs 0.44), 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.