PSCD vs. QQQ

Last updated Aug 2, 2026

PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - PSCD is a Consumer Discretionary Equities fund tracking the S&P Small Cap 600 / Consumer Discretionary -SEC, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, PSCD returned 10.31%/yr vs 20.44%/yr for QQQ. Their 0.59 correlation means they have sometimes moved together and sometimes differently. PSCD charges 0.29%/yr vs 0.18%/yr for QQQ.

Performance

PSCD vs. QQQ - 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 QQQ ETF (QQQ). 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 QQQ's 12.26% return. Over the past 10 years, PSCD has underperformed QQQ with an annualized return of 10.31%, while QQQ has yielded a comparatively higher 20.44% annualized 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%

QQQ

• 1D: 0.65%
• 1M: -3.45%
• 6M: 10.89%
• YTD: 12.26%
• 1Y: 24.81%
• 3Y*: 22.29%
• 5Y*: 14.23%
• 10Y*: 20.44%
• ALL TIME*: 10.64%

*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)
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	$37.38K	$43.87K	$67.57K
QQQ Invesco QQQ ETF	$30.32B	$28.40B	$31.45B

PSCD vs. QQQ - 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%
QQQ Invesco QQQ ETF	12.26%	20.77%	25.58%	54.86%	-32.58%	27.42%	48.62%	38.96%	-0.13%	32.66%

Correlation

The correlation between PSCD and QQQ is 0.37, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.37
Correlation (3Y) Balances recent behavior with more history.	0.48
Correlation (5Y) Shows whether the relationship held over a longer period.	0.58
Correlation (10Y) Provides a long-term view across more market conditions.	0.51
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.59

Over the past year, the correlation between PSCD and QQQ has dropped to 0.37 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

PSCD vs. QQQ - Sectors Allocation Comparison

Sectors	PSCD	QQQ
Consumer Cyclical	83.9%	10.7%
Consumer Defensive	8.3%	6.3%
Industrials	4.5%	2.7%
Technology	1.4%	60.9%
Healthcare	1.2%	3.6%
Real Estate	0.7%	0.1%
Communication Services	0.2%	13.1%
Basic Materials	-	1.0%
Energy	-	0.5%
Financial Services	-	0.2%
Utilities	-	1.1%

Return for Risk

PSCD vs. QQQ — 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

QQQ

QQQ Risk / Return Rank: 49
QQQ Sharpe Ratio Rank: 47
QQQ Sortino Ratio Rank: 46
QQQ Omega Ratio Rank: 45
QQQ Calmar Ratio Rank: 53
QQQ Martin Ratio Rank: 52

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. QQQ - 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 QQQ ETF (QQQ). 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	QQQ	Difference
Sharpe ratio: Return per unit of total volatility	0.77	1.16	-0.39
Sortino ratio: Return per unit of downside risk	1.29	1.65	-0.36
Omega ratio: Gain probability vs. loss probability	1.15	1.21	-0.06
Calmar ratio: Return relative to maximum drawdown	1.07	1.88	-0.80
Martin ratio: Return relative to average drawdown	2.67	6.00	-3.32

PSCD vs. QQQ - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.77, which is lower than the QQQ Sharpe Ratio of 1.16. The chart below compares the historical Sharpe Ratios of PSCD and QQQ, 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. QQQ - Drawdown Comparison

The maximum PSCD drawdown since its inception was -56.57%, smaller than the maximum QQQ drawdown of -82.97%. Use the drawdown chart below to compare losses from any high point for PSCD and QQQ.

Drawdown Indicators

	PSCD	QQQ	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-82.97%	+26.40%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-11.96%	-5.18%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-22.77%	-9.16%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	-35.12%	-4.91%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	-35.12%	-21.45%
Current Drawdown Current decline from peak	-3.41%	-7.69%	+4.28%
Average Drawdown Average peak-to-trough decline	-11.25%	-32.62%	+21.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.87%	3.74%	+3.13%

Volatility

PSCD vs. QQQ - Volatility Comparison

The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 6.09%, while Invesco QQQ ETF (QQQ) has a volatility of 6.87%. This indicates that PSCD experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCD	QQQ	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	6.87%	-0.78%
Volatility (6M) Calculated over the trailing 6-month period	16.85%	16.08%	+0.77%
Volatility (1Y) Calculated over the trailing 1-year period	24.13%	19.38%	+4.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.66%	22.90%	+4.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.10%	22.50%	+6.60%

PSCD vs. QQQ - Expense Ratio Comparison

PSCD has a 0.29% expense ratio, which is higher than QQQ's 0.18% expense ratio.

Dividends

PSCD vs. QQQ - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 0.99%, more than QQQ's 0.44% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
QQQ Invesco QQQ ETF	0.44%	0.45%	0.56%	0.62%	0.80%	0.43%	0.55%	0.74%	0.91%	0.84%	1.06%	0.99%

Frequently Asked Questions

Can I hold both PSCD and QQQ in my portfolio?

PSCD and QQQ have a correlation of 0.37, 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 QQQ?

QQQ has higher volatility (6.87%) compared to PSCD (6.09%). In terms of maximum drawdown, PSCD dropped -56.57% vs QQQ's -82.97%.

Which ETF is better, PSCD or QQQ?

On 10-year performance, QQQ leads with 20.44% vs 10.31% for PSCD. On fees, QQQ is cheaper at 0.18% per year. On volatility, PSCD has been the lower-risk option at 6.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCD or QQQ?

Over the 10-year period, QQQ has performed better with a 20.44% return vs 10.31%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCD or QQQ?

QQQ is cheaper with a 0.18% expense ratio, compared with 0.29% for PSCD.

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

PSCD has the higher dividend yield at 0.99%, compared with 0.44% for QQQ.

What is the main difference between PSCD and QQQ?

PSCD is categorized as Consumer Discretionary Equities, while QQQ is Nasdaq-100. PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while QQQ tracks NASDAQ-100 Index. Their fees differ too: 0.29% for PSCD and 0.18% for QQQ.

Which has better risk-adjusted returns?

QQQ currently has the higher Sharpe Ratio (1.16 vs 0.77), 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.