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PSCE vs. SPTS
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSCE vs. SPTS

Last updated Jun 4, 2026

PSCE (Invesco S&P SmallCap Energy ETF) and SPTS (SPDR Portfolio Short Term Treasury ETF) are both exchange-traded funds - PSCE is a Energy Equities fund tracking the S&P SmallCap 600 Energy Index, while SPTS is a Government Bonds fund tracking the Bloomberg U.S. Treasury 1-3 Year Index. Both are passively managed. Over the past 10 years, PSCE returned -1.45%/yr vs 1.67%/yr for SPTS. At a correlation of -0.15, they often move in opposite directions. PSCE charges 0.29%/yr vs 0.03%/yr for SPTS.

Performance

PSCE vs. SPTS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Energy ETF (PSCE) and SPDR Portfolio Short Term Treasury ETF (SPTS). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, PSCE achieves a 42.33% return, which is significantly higher than SPTS's 0.45% return. Over the past 10 years, PSCE has underperformed SPTS with an annualized return of -1.45%, while SPTS has yielded a comparatively higher 1.67% annualized 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%

SPTS

1D
-0.07%
1M
0.05%
YTD
0.45%
6M
0.77%
1Y
3.45%
3Y*
4.18%
5Y*
1.81%
10Y*
1.67%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSCE vs. SPTS - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSCE
Invesco S&P SmallCap Energy ETF		42.33%-9.00%-5.47%5.07%48.45%59.85%-40.31%-14.93%-42.98%-26.70%
SPTS
SPDR Portfolio Short Term Treasury ETF		0.45%5.05%4.20%4.27%-3.86%-0.72%3.23%3.56%1.08%0.59%

Correlation

The correlation between PSCE and SPTS is -0.22, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

-0.22

Correlation (3Y)
Calculated over the trailing 3-year period

-0.13

Correlation (5Y)
Calculated over the trailing 5-year period

-0.10

Correlation (10Y)
Calculated over the trailing 10-year period

-0.16

Correlation (All Time)
Calculated using the full available price history since Dec 2, 2011

-0.15

The correlation between PSCE and SPTS shifts across timeframes, from -0.22 (1 year) to -0.10 (5 years), reflecting how their relationship changes across market environments.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P SmallCap Energy ETF

SPDR Portfolio Short Term Treasury ETF

Often compared with PSCE:
PSCE vs. XESPSCE vs. XOPPSCE vs. XLEPSCE vs. AVUVPSCE vs. IEOPSCE vs. VBPSCE vs. SPY
Often compared with SPTS:
SPTS vs. SGOVSPTS vs. BILSPTS vs. VGSHSPTS vs. SCHOSPTS vs. SHYSPTS vs. SPTISPTS vs. BSV

Return for Risk

PSCE vs. SPTS — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSCE
PSCE Risk / Return Rank: 7373
Overall Rank
PSCE Sharpe Ratio Rank: 7070
Sharpe Ratio Rank
PSCE Sortino Ratio Rank: 6262
Sortino Ratio Rank
PSCE Omega Ratio Rank: 5858
Omega Ratio Rank
PSCE Calmar Ratio Rank: 9393
Calmar Ratio Rank
PSCE Martin Ratio Rank: 8282
Martin Ratio Rank
SPTS
SPTS Risk / Return Rank: 8484
Overall Rank
SPTS Sharpe Ratio Rank: 7979
Sharpe Ratio Rank
SPTS Sortino Ratio Rank: 9191
Sortino Ratio Rank
SPTS Omega Ratio Rank: 8787
Omega Ratio Rank
SPTS Calmar Ratio Rank: 7979
Calmar Ratio Rank
SPTS Martin Ratio Rank: 8282
Martin Ratio Rank
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. SPTS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) and SPDR Portfolio Short Term Treasury ETF (SPTS). 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.

PSCESPTSDifference
Sharpe ratioReturn per unit of total volatility
2.32
2.63

-0.31

Sortino ratioReturn per unit of downside risk
2.92
4.47

-1.54

Omega ratioGain probability vs. loss probability

1.36

1.55

-0.19

Calmar ratioReturn relative to maximum drawdown

6.61

4.13

+2.49

Martin ratioReturn relative to average drawdown

16.61

16.52

+0.08

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. SPTS - Sharpe Ratio Comparison

The current PSCE Sharpe Ratio is 2.32, which is comparable to the SPTS Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of PSCE and SPTS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

PSCESPTSDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.32

2.63

-0.31

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.29

0.92

-0.63

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

-0.03

0.98

-1.01

Sharpe Ratio (All Time)

Calculated using the full available price history

-0.09

0.49

-0.58

Drawdowns

PSCE vs. SPTS - Drawdown Comparison

The maximum PSCE drawdown since its inception was -96.21%, which is greater than SPTS's maximum drawdown of -5.83%. Use the drawdown chart below to compare losses from any high point for PSCE and SPTS.

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Drawdown Indicators

PSCESPTSDifference

Max Drawdown

Largest peak-to-trough decline

-96.21%

-5.83%

-90.38%

Max Drawdown (1Y)

Largest decline over 1 year

-9.41%

-0.84%

-8.57%

Max Drawdown (3Y)

Largest decline over 3 years

-44.57%

-0.96%

-43.61%

Max Drawdown (5Y)

Largest decline over 5 years

-45.42%

-5.71%

-39.71%

Max Drawdown (10Y)

Largest decline over 10 years

-90.70%

-5.71%

-84.99%

Current Drawdown

Current decline from peak

-74.71%

-0.28%

-74.43%

Average Drawdown

Average peak-to-trough decline

-58.83%

-1.72%

-57.11%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.74%

0.21%

+3.53%

Volatility

PSCE vs. SPTS - Volatility Comparison

Invesco S&P SmallCap Energy ETF (PSCE) has a higher volatility of 7.96% compared to SPDR Portfolio Short Term Treasury ETF (SPTS) at 0.34%. This indicates that PSCE's price experiences larger fluctuations and is considered to be riskier than SPTS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSCESPTSDifference

Volatility (1M)

Calculated over the trailing 1-month period

7.96%

0.34%

+7.62%

Volatility (6M)

Calculated over the trailing 6-month period

18.54%

0.86%

+17.68%

Volatility (1Y)

Calculated over the trailing 1-year period

27.01%

1.32%

+25.69%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

37.44%

1.98%

+35.46%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

43.26%

1.72%

+41.54%

PSCE vs. SPTS - Expense Ratio Comparison

PSCE has a 0.29% expense ratio, which is higher than SPTS's 0.03% expense ratio.

Dividends

PSCE vs. SPTS - Dividend Comparison

PSCE's dividend yield for the trailing twelve months is around 1.84%, less than SPTS's 3.91% yield.

PositionTTM20252024202320222021202020192018201720162015
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%
SPTS
SPDR Portfolio Short Term Treasury ETF		3.91%3.99%4.25%3.61%1.27%0.19%0.70%2.21%2.04%1.20%0.95%0.83%

Frequently Asked Questions

PSCE and SPTS have a correlation of -0.22, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PSCE has higher volatility (7.96%) compared to SPTS (0.34%). In terms of maximum drawdown, PSCE dropped -96.21% vs SPTS's -5.83%.

On 10-year performance, SPTS leads with 1.67% vs -1.45% for PSCE. On fees, SPTS is cheaper at 0.03% per year. On volatility, SPTS has been the lower-risk option at 0.34%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, SPTS has performed better with a 1.67% return vs -1.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SPTS is cheaper with a 0.03% expense ratio, compared with 0.29% for PSCE.

SPTS has the higher dividend yield at 3.91%, compared with 1.84% for PSCE.

PSCE is categorized as Energy Equities, while SPTS is Government Bonds. PSCE tracks S&P SmallCap 600 Energy Index, while SPTS tracks Bloomberg U.S. Treasury 1-3 Year Index. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.29% for PSCE and 0.03% for SPTS.

SPTS currently has the higher Sharpe Ratio (2.63 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.

Portfolio Optimizer

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