PSCE vs. IEO
Compare and contrast key facts about Invesco S&P SmallCap Energy ETF (PSCE) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO).
PSCE and IEO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCE is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Energy Index. It was launched on Apr 7, 2010. IEO is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Oil Exploration & Production Index. It was launched on May 5, 2006. Both PSCE and IEO are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCE or IEO.
Correlation
The correlation between PSCE and IEO is 0.88, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PSCE vs. IEO - Performance Comparison
Key characteristics
PSCE:
-0.29
IEO:
0.25
PSCE:
-0.23
IEO:
0.47
PSCE:
0.97
IEO:
1.06
PSCE:
-0.10
IEO:
0.23
PSCE:
-0.72
IEO:
0.42
PSCE:
10.94%
IEO:
12.36%
PSCE:
27.31%
IEO:
21.08%
PSCE:
-96.21%
IEO:
-79.17%
PSCE:
-81.09%
IEO:
-11.81%
Returns By Period
In the year-to-date period, PSCE achieves a -3.16% return, which is significantly lower than IEO's 8.11% return. Over the past 10 years, PSCE has underperformed IEO with an annualized return of -10.11%, while IEO has yielded a comparatively higher 4.94% annualized return.
PSCE
-3.16%
-10.67%
-7.14%
-6.43%
12.95%
-10.11%
IEO
8.11%
-2.24%
3.27%
6.89%
18.87%
4.94%
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PSCE vs. IEO - Expense Ratio Comparison
PSCE has a 0.29% expense ratio, which is lower than IEO's 0.42% expense ratio.
Risk-Adjusted Performance
PSCE vs. IEO — Risk-Adjusted Performance Rank
PSCE
IEO
PSCE vs. IEO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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.
Dividends
PSCE vs. IEO - Dividend Comparison
PSCE's dividend yield for the trailing twelve months is around 1.76%, less than IEO's 2.43% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 1.76% | 1.70% | 2.57% | 1.71% | 0.46% | 0.87% | 0.13% | 0.22% | 0.05% | 0.22% | 0.81% | 0.29% |
IEO iShares U.S. Oil & Gas Exploration & Production ETF | 2.43% | 2.63% | 3.00% | 3.77% | 2.62% | 3.17% | 1.85% | 1.67% | 0.94% | 0.98% | 2.03% | 1.30% |
Drawdowns
PSCE vs. IEO - Drawdown Comparison
The maximum PSCE drawdown since its inception was -96.21%, which is greater than IEO's maximum drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for PSCE and IEO. For additional features, visit the drawdowns tool.
Volatility
PSCE vs. IEO - Volatility Comparison
Invesco S&P SmallCap Energy ETF (PSCE) has a higher volatility of 7.83% compared to iShares U.S. Oil & Gas Exploration & Production ETF (IEO) at 7.11%. This indicates that PSCE's price experiences larger fluctuations and is considered to be riskier than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.