PSCD vs. VCR
PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and VCR (Vanguard Consumer Discretionary ETF) are both Consumer Discretionary Equities funds - PSCD tracks the S&P Small Cap 600 / Consumer Discretionary -SEC while VCR tracks the MSCI US Investable Market Consumer Discretionary 25/50 Index. Both are passively managed. Over the past 10 years, PSCD returned 10.44%/yr vs 13.68%/yr for VCR. A 0.78 correlation means they provide meaningful diversification when combined. PSCD charges 0.29%/yr vs 0.10%/yr for VCR.
Performance
PSCD vs. VCR - Performance Comparison
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Returns By Period
In the year-to-date period, PSCD achieves a 9.16% return, which is significantly higher than VCR's -2.41% return. Over the past 10 years, PSCD has underperformed VCR with an annualized return of 10.44%, while VCR has yielded a comparatively higher 13.68% annualized 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%
VCR
- 1D
- -0.91%
- 1M
- -2.81%
- YTD
- -2.41%
- 6M
- -4.50%
- 1Y
- 8.02%
- 3Y*
- 12.53%
- 5Y*
- 5.14%
- 10Y*
- 13.68%
PSCD vs. VCR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCD Invesco S&P SmallCap Consumer Discretionary ETF | 9.16% | -2.87% | 6.46% | 33.23% | -28.06% | 37.34% | 29.07% | 17.49% | -9.28% | 18.16% |
VCR Vanguard Consumer Discretionary ETF | -2.41% | 5.77% | 24.27% | 40.38% | -35.15% | 24.86% | 48.36% | 27.45% | -2.31% | 22.82% |
Correlation
The correlation between PSCD and VCR is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010 | 0.78 |
The correlation between PSCD and VCR has been stable across timeframes, ranging from 0.73 to 0.78 - a consistent structural relationship.
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Return for Risk
PSCD vs. VCR — Risk / Return Rank
PSCD
VCR
PSCD vs. VCR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and Vanguard Consumer Discretionary ETF (VCR). 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 | VCR | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.09 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 0.88 | 0.52 | +0.36 |
| Martin ratioReturn relative to average drawdown | 2.16 | 1.57 | +0.59 |
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Drawdowns
PSCD vs. VCR - Drawdown Comparison
The maximum PSCD drawdown since its inception was -56.57%, smaller than the maximum VCR drawdown of -61.54%. Use the drawdown chart below to compare losses from any high point for PSCD and VCR.
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Drawdown Indicators
| PSCD | VCR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.57% | -61.54% | +4.97% |
Max Drawdown (1Y)Largest decline over 1 year | -17.14% | -15.59% | -1.55% |
Max Drawdown (3Y)Largest decline over 3 years | -31.93% | -27.36% | -4.57% |
Max Drawdown (5Y)Largest decline over 5 years | -40.03% | -39.20% | -0.83% |
Max Drawdown (10Y)Largest decline over 10 years | -56.57% | -39.20% | -17.37% |
Current DrawdownCurrent decline from peak | -3.38% | -6.85% | +3.47% |
Average DrawdownAverage peak-to-trough decline | -11.31% | -9.39% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.93% | 5.11% | +1.82% |
Volatility
PSCD vs. VCR - Volatility Comparison
The current volatility for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is 5.96%, while Vanguard Consumer Discretionary ETF (VCR) has a volatility of 6.34%. This indicates that PSCD experiences smaller price fluctuations and is considered to be less risky than VCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCD | VCR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.96% | 6.34% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 16.83% | 13.88% | +2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.33% | 18.86% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 27.80% | 24.10% | +3.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 29.09% | 22.44% | +6.65% |
PSCD vs. VCR - Expense Ratio Comparison
PSCD has a 0.29% expense ratio, which is higher than VCR's 0.10% expense ratio.
Dividends
PSCD vs. VCR - Dividend Comparison
PSCD's dividend yield for the trailing twelve months is around 1.03%, more than VCR's 0.75% 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% |
VCR Vanguard Consumer Discretionary ETF | 0.75% | 0.74% | 0.74% | 0.84% | 0.98% | 0.79% | 1.71% | 1.17% | 1.37% | 1.21% | 1.60% | 1.32% |
Frequently Asked Questions
PSCD and VCR have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
VCR has higher volatility (6.34%) compared to PSCD (5.96%). In terms of maximum drawdown, PSCD dropped -56.57% vs VCR's -61.54%.
On 10-year performance, VCR leads with 13.68% vs 10.44% for PSCD. On fees, VCR is cheaper at 0.10% 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.
Over the 10-year period, VCR has performed better with a 13.68% return vs 10.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
VCR is cheaper with a 0.10% expense ratio, compared with 0.29% for PSCD.
PSCD has the higher dividend yield at 1.03%, compared with 0.75% for VCR.
PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while VCR tracks MSCI US Investable Market Consumer Discretionary 25/50 Index. They also come from different issuers: Invesco and Vanguard. Their fees differ too: 0.29% for PSCD and 0.10% for VCR.
PSCD currently has the higher Sharpe Ratio (0.62 vs 0.43), 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.
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