PSCD vs. QQQM

Last updated Jun 24, 2026

PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and QQQM (Invesco NASDAQ 100 ETF) are both exchange-traded funds - PSCD is a Consumer Discretionary Equities fund tracking the S&P Small Cap 600 / Consumer Discretionary -SEC, while QQQM is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 5 years, PSCD returned 0.67%/yr vs 16.11%/yr for QQQM. A 0.54 correlation means they provide meaningful diversification when combined. PSCD charges 0.29%/yr vs 0.15%/yr for QQQM.

Performance

PSCD vs. QQQM - 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 NASDAQ 100 ETF (QQQM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCD achieves a 9.16% return, which is significantly lower than QQQM's 16.48% return.

PSCD

• 1D: -0.09%
• 1M: 8.14%
• YTD: 9.16%
• 6M: 7.71%
• 1Y: 14.94%
• 3Y*: 10.29%
• 5Y*: 0.67%
• 10Y*: 10.44%

QQQM

• 1D: -3.30%
• 1M: -0.42%
• YTD: 16.48%
• 6M: 15.00%
• 1Y: 34.99%
• 3Y*: 26.15%
• 5Y*: 16.11%
• 10Y*: —

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

PSCD vs. QQQM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PSCD Invesco S&P SmallCap Consumer Discretionary ETF	9.16%	-2.87%	6.46%	33.23%	-28.06%	37.34%	16.15%
QQQM Invesco NASDAQ 100 ETF	16.48%	20.85%	25.68%	55.01%	-32.52%	27.45%	6.64%

Correlation

The correlation between PSCD and QQQM is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.44
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.59
Correlation (All Time) Calculated using the full available price history since Oct 13, 2020	0.54

The correlation between PSCD and QQQM shifts across timeframes, from 0.44 (1 year) to 0.59 (5 years), reflecting how their relationship changes across market environments.

PSCD vs. QQQM - Sectors Allocation Comparison

Sectors	PSCD	QQQM
Consumer Cyclical	87.0%	11.4%
Consumer Defensive	8.6%	6.4%
Industrials	2.1%	2.6%
Technology	1.6%	58.7%
Real Estate	0.6%	0.1%
Communication Services	0.2%	14.3%
Basic Materials	-	1.0%
Energy	-	0.5%
Financial Services	-	0.2%
Healthcare	-	3.7%
Utilities	-	1.2%

Return for Risk

PSCD vs. QQQM — Risk / Return Rank

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

PSCD

PSCD Risk / Return Rank: 20
PSCD Sharpe Ratio Rank: 19
PSCD Sortino Ratio Rank: 21
PSCD Omega Ratio Rank: 19
PSCD Calmar Ratio Rank: 20
PSCD Martin Ratio Rank: 20

QQQM

QQQM Risk / Return Rank: 60
QQQM Sharpe Ratio Rank: 61
QQQM Sortino Ratio Rank: 56
QQQM Omega Ratio Rank: 59
QQQM Calmar Ratio Rank: 61
QQQM Martin Ratio Rank: 62

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. QQQM - 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 NASDAQ 100 ETF (QQQM). 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	QQQM	Difference
Sharpe ratio: Return per unit of total volatility	0.62	1.97	-1.36
Sortino ratio: Return per unit of downside risk	1.08	2.58	-1.50
Omega ratio: Gain probability vs. loss probability	1.12	1.35	-0.23
Calmar ratio: Return relative to maximum drawdown	0.88	2.94	-2.06
Martin ratio: Return relative to average drawdown	2.16	10.88	-8.72

PSCD vs. QQQM - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.62, which is lower than the QQQM Sharpe Ratio of 1.97. The chart below compares the historical Sharpe Ratios of PSCD and QQQM, 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. QQQM - Drawdown Comparison

The maximum PSCD drawdown since its inception was -56.57%, which is greater than QQQM's maximum drawdown of -35.04%. Use the drawdown chart below to compare losses from any high point for PSCD and QQQM.

Drawdown Indicators

	PSCD	QQQM	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-35.04%	-21.53%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-11.96%	-5.18%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-22.70%	-9.23%
Max Drawdown (5Y) Largest decline over 5 years	-40.03%	-35.04%	-4.99%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	—	—
Current Drawdown Current decline from peak	-3.38%	-4.24%	+0.86%
Average Drawdown Average peak-to-trough decline	-11.31%	-8.20%	-3.11%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.93%	3.22%	+3.71%

Volatility

PSCD vs. QQQM - Volatility Comparison

The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 5.96%, while Invesco NASDAQ 100 ETF (QQQM) has a volatility of 9.00%. This indicates that PSCD experiences smaller price fluctuations and is considered to be less risky than QQQM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCD	QQQM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.96%	9.00%	-3.04%
Volatility (6M) Calculated over the trailing 6-month period	16.83%	14.43%	+2.40%
Volatility (1Y) Calculated over the trailing 1-year period	24.33%	17.85%	+6.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.80%	22.53%	+5.27%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.09%	22.30%	+6.79%

PSCD vs. QQQM - Expense Ratio Comparison

PSCD has a 0.29% expense ratio, which is higher than QQQM's 0.15% expense ratio.

Dividends

PSCD vs. QQQM - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 1.03%, more than QQQM'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	1.03%	0.94%	1.28%	1.09%	1.60%	0.57%	0.56%	0.91%	1.39%	0.97%	1.07%	1.10%
QQQM Invesco NASDAQ 100 ETF	0.44%	0.50%	0.61%	0.65%	0.83%	0.40%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSCD and QQQM in my portfolio?

PSCD and QQQM have a correlation of 0.44, 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 QQQM?

QQQM has higher volatility (9.00%) compared to PSCD (5.96%). In terms of maximum drawdown, PSCD dropped -56.57% vs QQQM's -35.04%.

Which ETF is better, PSCD or QQQM?

On 5-year performance, QQQM leads with 16.11% vs 0.67% for PSCD. On fees, QQQM is cheaper at 0.15% per year. On volatility, PSCD has been the lower-risk option at 5.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCD or QQQM?

Over the 5-year period, QQQM has performed better with a 16.11% return vs 0.67%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCD or QQQM?

QQQM is cheaper with a 0.15% expense ratio, compared with 0.29% for PSCD.

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

PSCD has the higher dividend yield at 1.03%, compared with 0.44% for QQQM.

What is the main difference between PSCD and QQQM?

PSCD is categorized as Consumer Discretionary Equities, while QQQM is Nasdaq-100. PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while QQQM tracks NASDAQ-100 Index. Their fees differ too: 0.29% for PSCD and 0.15% for QQQM.

Which has better risk-adjusted returns?

QQQM currently has the higher Sharpe Ratio (1.97 vs 0.62), 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.