PSCE vs. SETM

Last updated Jun 4, 2026

PSCE (Invesco S&P SmallCap Energy ETF) and SETM (Sprott Energy Transition Materials ETF) are both Energy Equities funds - PSCE tracks the S&P SmallCap 600 Energy Index while SETM tracks the Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. Both are passively managed. Over the past 3 years, PSCE returned 12.72%/yr vs 30.90%/yr for SETM. At a 0.39 correlation, their price movements are largely independent. PSCE charges 0.29%/yr vs 0.65%/yr for SETM.

Performance

PSCE vs. SETM - Performance Comparison

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

Returns By Period

In the year-to-date period, PSCE achieves a 42.33% return, which is significantly higher than SETM's 27.22% return.

PSCE

• 1D: 0.29%
• 1M: -4.35%
• YTD: 42.33%
• 6M: 34.80%
• 1Y: 61.94%
• 3Y*: 12.72%
• 5Y*: 10.77%
• 10Y*: -1.45%

SETM

• 1D: -4.09%
• 1M: 2.39%
• YTD: 27.22%
• 6M: 33.66%
• 1Y: 144.21%
• 3Y*: 30.90%
• 5Y*: —
• 10Y*: —

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

PSCE vs. SETM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSCE Invesco S&P SmallCap Energy ETF	42.33%	-9.00%	-5.47%	1.77%
SETM Sprott Energy Transition Materials ETF	27.22%	95.27%	-13.24%	-11.03%

Correlation

The correlation between PSCE and SETM is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.11
Correlation (3Y) Calculated over the trailing 3-year period	0.35
Correlation (All Time) Calculated using the full available price history since Feb 3, 2023	0.39

Over the past year, the correlation between PSCE and SETM has dropped to 0.11 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.

PSCE vs. SETM - Sectors Allocation Comparison

Sectors	PSCE	SETM
Energy	98.6%	25.8%
Basic Materials	1.4%	73.2%
Financial Services	0.1%	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	0.1%
Healthcare	-	-
Industrials	-	0.9%
Real Estate	-	-
Technology	-	0.1%
Utilities	-	-

Return for Risk

PSCE vs. SETM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSCE

PSCE Risk / Return Rank: 73
PSCE Sharpe Ratio Rank: 70
PSCE Sortino Ratio Rank: 62
PSCE Omega Ratio Rank: 58
PSCE Calmar Ratio Rank: 93
PSCE Martin Ratio Rank: 82

SETM

SETM Risk / Return Rank: 82
SETM Sharpe Ratio Rank: 91
SETM Sortino Ratio Rank: 71
SETM Omega Ratio Rank: 72
SETM Calmar Ratio Rank: 90
SETM Martin Ratio Rank: 84

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.

PSCE vs. SETM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) and Sprott Energy Transition Materials ETF (SETM). 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	SETM	Difference
Sharpe ratio: Return per unit of total volatility	2.32	3.25	-0.92
Sortino ratio: Return per unit of downside risk	2.92	3.29	-0.37
Omega ratio: Gain probability vs. loss probability	1.36	1.44	-0.08
Calmar ratio: Return relative to maximum drawdown	6.61	5.61	+1.00
Martin ratio: Return relative to average drawdown	16.61	17.42	-0.81
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCE vs. SETM - Sharpe Ratio Comparison

The current PSCE Sharpe Ratio is 2.32, which is comparable to the SETM Sharpe Ratio of 3.25. The chart below compares the historical Sharpe Ratios of PSCE and SETM, 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

	PSCE	SETM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.32	3.25	-0.92
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.29	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	-0.03	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.09	0.59	-0.68

Drawdowns

PSCE vs. SETM - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than SETM's maximum drawdown of -42.81%. Use the drawdown chart below to compare losses from any high point for PSCE and SETM.

Drawdown Indicators

	PSCE	SETM	Difference
Max Drawdown Largest peak-to-trough decline	-96.21%	-42.81%	-53.40%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-25.85%	+16.44%
Max Drawdown (3Y) Largest decline over 3 years	-44.57%	-42.81%	-1.76%
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	-74.71%	-7.30%	-67.41%
Average Drawdown Average peak-to-trough decline	-58.83%	-14.26%	-44.57%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.74%	8.31%	-4.57%

Volatility

PSCE vs. SETM - Volatility Comparison

The current volatility for Invesco S&P SmallCap Energy ETF (PSCE) is 7.96%, while Sprott Energy Transition Materials ETF (SETM) has a volatility of 13.58%. This indicates that PSCE experiences smaller price fluctuations and is considered to be less risky than SETM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCE	SETM	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.96%	13.58%	-5.62%
Volatility (6M) Calculated over the trailing 6-month period	18.54%	34.49%	-15.95%
Volatility (1Y) Calculated over the trailing 1-year period	27.01%	44.71%	-17.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.44%	36.57%	+0.87%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	43.26%	36.57%	+6.69%

PSCE vs. SETM - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is lower than SETM's 0.65% expense ratio.

Dividends

PSCE vs. SETM - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 1.84%, more than SETM's 1.23% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCE Invesco S&P SmallCap Energy ETF	1.84%	2.39%	1.70%	2.57%	1.70%	0.46%	0.87%	0.14%	0.22%	0.04%	0.22%	0.82%
SETM Sprott Energy Transition Materials ETF	1.23%	1.56%	2.07%	2.47%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PSCE and SETM in my portfolio?

PSCE and SETM have a correlation of 0.11, 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 SETM?

SETM has higher volatility (13.58%) compared to PSCE (7.96%). In terms of maximum drawdown, PSCE dropped -96.21% vs SETM's -42.81%.

Which ETF is better, PSCE or SETM?

On 3-year performance, SETM leads with 30.90% vs 12.72% for PSCE. On fees, PSCE is cheaper at 0.29% per year. On volatility, PSCE has been the lower-risk option at 7.96%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCE or SETM?

Over the 3-year period, SETM has performed better with a 30.90% return vs 12.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCE or SETM?

PSCE is cheaper with a 0.29% expense ratio, compared with 0.65% for SETM.

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

PSCE has the higher dividend yield at 1.84%, compared with 1.23% for SETM.

What is the main difference between PSCE and SETM?

PSCE tracks S&P SmallCap 600 Energy Index, while SETM tracks Nasdaq Sprott Energy Transition Materials Select Index - AUD - Benchmark TR Gross. They also come from different issuers: Invesco and Sprott. Their fees differ too: 0.29% for PSCE and 0.65% for SETM.

Which has better risk-adjusted returns?

SETM currently has the higher Sharpe Ratio (3.25 vs 2.32), 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.