PSCE vs. BILD

Last updated Aug 2, 2026

PSCE (Invesco S&P SmallCap Energy ETF) and BILD (Macquarie Global Listed Infrastructure ETF) are both exchange-traded funds - PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index, while BILD is a Infrastructure Equities fund actively managed by Macquarie. PSCE is passively managed, while BILD is actively managed. Over the past year, PSCE returned 55.62% vs 16.75% for BILD. Their 0.19 correlation means their historical movements had little consistent relationship. PSCE charges 0.29%/yr vs 0.49%/yr for BILD.

Performance

PSCE vs. BILD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Energy ETF (PSCE) and Macquarie Global Listed Infrastructure ETF (BILD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCE achieves a 35.93% return, which is significantly higher than BILD's 10.49% return.

PSCE

• 1D: 1.76%
• 1M: 7.67%
• 6M: 15.91%
• YTD: 35.93%
• 1Y: 55.62%
• 3Y*: 3.86%
• 5Y*: 13.60%
• 10Y*: -1.41%
• ALL TIME*: -3.92%

BILD

• 1D: -0.47%
• 1M: 0.88%
• 6M: 6.26%
• YTD: 10.49%
• 1Y: 16.75%
• 3Y*: —
• 5Y*: —
• 10Y*: —
• ALL TIME*: 11.91%

*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)
BILD Macquarie Global Listed Infrastructure ETF	$632.99	$26.02K	$12.55K
PSCE Invesco S&P SmallCap Energy ETF	$1.43M	$1.38M	$1.78M

PSCE vs. BILD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSCE Invesco S&P SmallCap Energy ETF	35.93%	-9.00%	-5.47%	1.37%
BILD Macquarie Global Listed Infrastructure ETF	10.49%	21.08%	-2.68%	3.73%

Correlation

The correlation between PSCE and BILD is 0.16, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.16
Correlation (All Time) Calculated using the full available price history since Nov 29, 2023	0.19

PSCE vs. BILD - Sectors Allocation Comparison

Sectors	PSCE	BILD
Energy	90.0%	19.0%
Industrials	3.6%	22.0%
Basic Materials	1.2%	-
Financial Services	0.2%	1.7%
Communication Services	-	4.7%
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	1.9%
Technology	-	-
Utilities	-	48.8%

Return for Risk

PSCE vs. BILD — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

PSCE

PSCE Risk / Return Rank: 76
PSCE Sharpe Ratio Rank: 79
PSCE Sortino Ratio Rank: 74
PSCE Omega Ratio Rank: 70
PSCE Calmar Ratio Rank: 82
PSCE Martin Ratio Rank: 73

BILD

BILD Risk / Return Rank: 70
BILD Sharpe Ratio Rank: 72
BILD Sortino Ratio Rank: 68
BILD Omega Ratio Rank: 70
BILD Calmar Ratio Rank: 82
BILD Martin Ratio Rank: 59

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.

PSCE vs. BILD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) and Macquarie Global Listed Infrastructure ETF (BILD). 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.

	PSCE	BILD	Difference
Sharpe ratio: Return per unit of total volatility	1.80	1.64	+0.16
Sortino ratio: Return per unit of downside risk	2.37	2.24	+0.13
Omega ratio: Gain probability vs. loss probability	1.29	1.29	0.00
Calmar ratio: Return relative to maximum drawdown	3.04	2.98	+0.06
Martin ratio: Return relative to average drawdown	9.13	7.11	+2.01

PSCE vs. BILD - Sharpe Ratio Comparison

The current PSCE Sharpe Ratio is 1.80, which is comparable to the BILD Sharpe Ratio of 1.64. The chart below compares the historical Sharpe Ratios of PSCE and BILD, 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

PSCE vs. BILD - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than BILD's maximum drawdown of -14.78%. Use the drawdown chart below to compare losses from any high point for PSCE and BILD.

Drawdown Indicators

	PSCE	BILD	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-14.78%	-81.43%
Max Drawdown (1Y) Largest decline over 1 year	-16.17%	-6.05%	-10.12%
Max Drawdown (3Y) Largest decline over 3 years	-44.57%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-45.42%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-90.70%	—	—
Current Drawdown Current decline from peak	-75.85%	-2.17%	-73.68%
Average Drawdown Average peak-to-trough decline	-58.99%	-3.68%	-55.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.39%	2.53%	+2.86%

Volatility

PSCE vs. BILD - Volatility Comparison

Invesco S&P SmallCap Energy ETF (PSCE) has a higher volatility of 8.68% compared to Macquarie Global Listed Infrastructure ETF (BILD) at 3.28%. This indicates that PSCE's price experiences larger fluctuations and is considered to be riskier than BILD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCE	BILD	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.68%	3.28%	+5.40%
Volatility (6M) Calculated over the trailing 6-month period	20.04%	9.08%	+10.96%
Volatility (1Y) Calculated over the trailing 1-year period	27.41%	11.00%	+16.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.95%	13.08%	+23.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.02%	13.08%	+29.94%

PSCE vs. BILD - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is lower than BILD's 0.49% expense ratio.

Dividends

PSCE vs. BILD - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 2.22%, less than BILD's 4.67% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILD Macquarie Global Listed Infrastructure ETF	4.67%	3.05%	5.53%	0.52%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCE Invesco S&P SmallCap Energy ETF	2.22%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%

Frequently Asked Questions

Can I hold both PSCE and BILD in my portfolio?

PSCE and BILD have a correlation of 0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCE or BILD?

PSCE has higher volatility (8.68%) compared to BILD (3.28%). In terms of maximum drawdown, PSCE dropped -96.21% vs BILD's -14.78%.

Which ETF is better, PSCE or BILD?

On 1-year performance, PSCE leads with 55.62% vs 16.75% for BILD. On fees, PSCE is cheaper at 0.29% per year. On volatility, BILD has been the lower-risk option at 3.28%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCE or BILD?

Over the 1-year period, PSCE has performed better with a 55.62% return vs 16.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCE or BILD?

PSCE is cheaper with a 0.29% expense ratio, compared with 0.49% for BILD.

Which ETF pays a higher dividend yield, PSCE or BILD?

BILD has the higher dividend yield at 4.67%, compared with 2.22% for PSCE.

What is the main difference between PSCE and BILD?

PSCE is categorized as Energy Equities, while BILD is Infrastructure Equities. They also come from different issuers: Invesco and Macquarie. Their fees differ too: 0.29% for PSCE and 0.49% for BILD.

Which has better risk-adjusted returns?

PSCE currently has the higher Sharpe Ratio (1.80 vs 1.64), 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.