PSCD vs. XRT

Last updated Jun 4, 2026

PSCD (Invesco S&P SmallCap Consumer Discretionary ETF) and XRT (SPDR S&P Retail ETF) are both Consumer Discretionary Equities funds - PSCD tracks the S&P Small Cap 600 / Consumer Discretionary -SEC while XRT tracks the S&P Retail Select Industry. Both are passively managed. Over the past 10 years, PSCD returned 9.80%/yr vs 8.56%/yr for XRT. Their correlation of 0.88 suggests significant overlap in exposure. PSCD charges 0.29%/yr vs 0.35%/yr for XRT.

Performance

PSCD vs. XRT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and SPDR S&P Retail ETF (XRT). 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 higher than XRT's -1.99% return. Over the past 10 years, PSCD has outperformed XRT with an annualized return of 9.80%, while XRT has yielded a comparatively lower 8.56% 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%

XRT

• 1D: -0.39%
• 1M: -0.29%
• YTD: -1.99%
• 6M: -2.00%
• 1Y: 8.44%
• 3Y*: 13.38%
• 5Y*: -0.84%
• 10Y*: 8.56%

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

PSCD vs. XRT - 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%
XRT SPDR S&P Retail ETF	-1.99%	8.07%	11.78%	21.53%	-31.64%	42.60%	41.91%	14.12%	-8.04%	4.22%

Correlation

The correlation between PSCD and XRT is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.91
Correlation (5Y) Calculated over the trailing 5-year period	0.92
Correlation (10Y) Calculated over the trailing 10-year period	0.88
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010	0.88

The correlation between PSCD and XRT has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

PSCD vs. XRT - Sectors Allocation Comparison

Sectors	PSCD	XRT
Consumer Cyclical	87.7%	73.6%
Consumer Defensive	7.9%	20.9%
Industrials	2.1%	-
Technology	1.6%	1.4%
Real Estate	0.6%	-
Communication Services	0.2%	1.4%
Basic Materials	-	-
Energy	-	1.4%
Financial Services	-	-
Healthcare	-	1.4%
Utilities	-	-

Return for Risk

PSCD vs. XRT — 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

XRT

XRT Risk / Return Rank: 15
XRT Sharpe Ratio Rank: 15
XRT Sortino Ratio Rank: 15
XRT Omega Ratio Rank: 14
XRT Calmar Ratio Rank: 16
XRT 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. XRT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) and SPDR S&P Retail ETF (XRT). 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	XRT	Difference
Sharpe ratio Return per unit of total volatility	0.44	0.42	+0.02
Sortino ratio Return per unit of downside risk	0.82	0.76	+0.06
Omega ratio Gain probability vs. loss probability	1.09	1.08	+0.01
Calmar ratio Return relative to maximum drawdown	0.62	0.63	0.00
Martin ratio Return relative to average drawdown	1.54	1.45	+0.10
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. XRT - Sharpe Ratio Comparison

The current PSCD Sharpe Ratio is 0.44, which is comparable to the XRT Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of PSCD and XRT, 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	XRT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	0.42	+0.02
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.02	-0.03	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	0.32	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.35	+0.05

Drawdowns

PSCD vs. XRT - Drawdown Comparison

The maximum PSCD drawdown since its inception was -56.57%, smaller than the maximum XRT drawdown of -65.81%. Use the drawdown chart below to compare losses from any high point for PSCD and XRT.

Drawdown Indicators

	PSCD	XRT	Difference
Max Drawdown Largest peak-to-trough decline	-56.57%	-65.81%	+9.24%
Max Drawdown (1Y) Largest decline over 1 year	-17.14%	-13.53%	-3.61%
Max Drawdown (3Y) Largest decline over 3 years	-31.93%	-25.62%	-6.31%
Max Drawdown (5Y) Largest decline over 5 years	-41.88%	-44.57%	+2.69%
Max Drawdown (10Y) Largest decline over 10 years	-56.57%	-47.02%	-9.55%
Current Drawdown Current decline from peak	-7.85%	-13.82%	+5.97%
Average Drawdown Average peak-to-trough decline	-11.33%	-15.00%	+3.67%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.90%	5.85%	+1.05%

Volatility

PSCD vs. XRT - Volatility Comparison

Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) has a higher volatility of 7.62% compared to SPDR S&P Retail ETF (XRT) at 6.50%. This indicates that PSCD's price experiences larger fluctuations and is considered to be riskier than XRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCD	XRT	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.62%	6.50%	+1.12%
Volatility (6M) Calculated over the trailing 6-month period	16.31%	13.63%	+2.68%
Volatility (1Y) Calculated over the trailing 1-year period	24.18%	20.42%	+3.76%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.91%	26.90%	+1.01%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	29.06%	27.16%	+1.90%

PSCD vs. XRT - Expense Ratio Comparison

PSCD has a 0.29% expense ratio, which is lower than XRT's 0.35% expense ratio.

Dividends

PSCD vs. XRT - Dividend Comparison

PSCD's dividend yield for the trailing twelve months is around 0.91%, more than XRT's 0.83% 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%
XRT SPDR S&P Retail ETF	0.83%	0.77%	1.52%	1.40%	2.15%	1.55%	1.01%	1.57%	1.51%	1.52%	1.36%	1.30%

Frequently Asked Questions

Can I hold both PSCD and XRT in my portfolio?

With a correlation of 0.91, PSCD and XRT move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PSCD or XRT?

PSCD has higher volatility (7.62%) compared to XRT (6.50%). In terms of maximum drawdown, PSCD dropped -56.57% vs XRT's -65.81%.

Which ETF is better, PSCD or XRT?

On 10-year performance, PSCD leads with 9.80% vs 8.56% for XRT. On fees, PSCD is cheaper at 0.29% per year. On volatility, XRT has been the lower-risk option at 6.50%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCD or XRT?

Over the 10-year period, PSCD has performed better with a 9.80% return vs 8.56%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCD or XRT?

PSCD is cheaper with a 0.29% expense ratio, compared with 0.35% for XRT.

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

PSCD has the higher dividend yield at 0.91%, compared with 0.83% for XRT.

What is the main difference between PSCD and XRT?

PSCD tracks S&P Small Cap 600 / Consumer Discretionary -SEC, while XRT tracks S&P Retail Select Industry. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.29% for PSCD and 0.35% for XRT.

Which has better risk-adjusted returns?

PSCD currently has the higher Sharpe Ratio (0.44 vs 0.42), 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.