PSCE vs. RNWZ
Compare and contrast key facts about Invesco S&P SmallCap Energy ETF (PSCE) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ).
PSCE and RNWZ 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. RNWZ is an actively managed fund by TrueShares. It was launched on Dec 7, 2022.
Performance
PSCE vs. RNWZ - Performance Comparison
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PSCE vs. RNWZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 42.67% | -9.00% | -5.47% | 5.07% | 9.41% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 16.02% | 36.33% | -7.36% | -3.89% | -0.19% |
Returns By Period
In the year-to-date period, PSCE achieves a 42.67% return, which is significantly higher than RNWZ's 16.02% return.
PSCE
- 1D
- -0.78%
- 1M
- 10.75%
- YTD
- 42.67%
- 6M
- 44.85%
- 1Y
- 49.10%
- 3Y*
- 12.00%
- 5Y*
- 14.91%
- 10Y*
- -0.66%
RNWZ
- 1D
- 2.24%
- 1M
- 0.71%
- YTD
- 16.02%
- 6M
- 25.57%
- 1Y
- 47.86%
- 3Y*
- 12.20%
- 5Y*
- —
- 10Y*
- —
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PSCE vs. RNWZ - Expense Ratio Comparison
PSCE has a 0.29% expense ratio, which is lower than RNWZ's 0.75% expense ratio.
Return for Risk
PSCE vs. RNWZ — Risk / Return Rank
PSCE
RNWZ
PSCE vs. RNWZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) and TrueShares Eagle Global Renewable Energy Income ETF (RNWZ). 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.
| PSCE | RNWZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.39 | 2.85 | -1.46 |
Sortino ratioReturn per unit of downside risk | 1.82 | 3.65 | -1.83 |
Omega ratioGain probability vs. loss probability | 1.27 | 1.54 | -0.26 |
Calmar ratioReturn relative to maximum drawdown | 1.94 | 4.79 | -2.85 |
Martin ratioReturn relative to average drawdown | 6.52 | 19.98 | -13.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSCE | RNWZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.39 | 2.85 | -1.46 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.65 | -0.74 |
Correlation
The correlation between PSCE and RNWZ is 0.27, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PSCE vs. RNWZ - Dividend Comparison
PSCE's dividend yield for the trailing twelve months is around 1.83%, less than RNWZ's 1.93% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 1.83% | 2.39% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% |
RNWZ TrueShares Eagle Global Renewable Energy Income ETF | 1.93% | 2.12% | 2.36% | 3.87% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSCE vs. RNWZ - Drawdown Comparison
The maximum PSCE drawdown since its inception was -96.21%, which is greater than RNWZ's maximum drawdown of -24.90%. Use the drawdown chart below to compare losses from any high point for PSCE and RNWZ.
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Drawdown Indicators
| PSCE | RNWZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -96.21% | -24.90% | -71.31% |
Max Drawdown (1Y)Largest decline over 1 year | -25.44% | -9.98% | -15.46% |
Max Drawdown (5Y)Largest decline over 5 years | -45.42% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -90.70% | — | — |
Current DrawdownCurrent decline from peak | -74.65% | 0.00% | -74.65% |
Average DrawdownAverage peak-to-trough decline | -58.66% | -7.44% | -51.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.59% | 2.40% | +5.19% |
Volatility
PSCE vs. RNWZ - Volatility Comparison
The current volatility for Invesco S&P SmallCap Energy ETF (PSCE) is 5.33%, while TrueShares Eagle Global Renewable Energy Income ETF (RNWZ) has a volatility of 6.69%. This indicates that PSCE experiences smaller price fluctuations and is considered to be less risky than RNWZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCE | RNWZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.33% | 6.69% | -1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 18.54% | 10.83% | +7.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 35.47% | 16.85% | +18.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 38.21% | 16.88% | +21.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.44% | 16.88% | +26.56% |