PSCE vs. XES
Compare and contrast key facts about Invesco S&P SmallCap Energy ETF (PSCE) and SPDR S&P Oil & Gas Equipment & Services ETF (XES).
PSCE and XES 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. XES is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Equipment & Services Select Industry Index. It was launched on Jun 19, 2006. Both PSCE and XES 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 XES.
Correlation
The correlation between PSCE and XES is 0.92, 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. XES - Performance Comparison
Key characteristics
PSCE:
-0.37
XES:
-0.19
PSCE:
-0.35
XES:
-0.06
PSCE:
0.96
XES:
0.99
PSCE:
-0.12
XES:
-0.07
PSCE:
-0.92
XES:
-0.43
PSCE:
11.08%
XES:
12.90%
PSCE:
27.44%
XES:
29.51%
PSCE:
-96.21%
XES:
-95.65%
PSCE:
-81.85%
XES:
-82.23%
Returns By Period
In the year-to-date period, PSCE achieves a -7.05% return, which is significantly lower than XES's -2.56% return. Both investments have delivered pretty close results over the past 10 years, with PSCE having a -10.31% annualized return and XES not far behind at -10.54%.
PSCE
-7.05%
-12.69%
-13.20%
-12.13%
12.00%
-10.31%
XES
-2.56%
-9.78%
-11.54%
-7.75%
4.86%
-10.54%
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PSCE vs. XES - Expense Ratio Comparison
PSCE has a 0.29% expense ratio, which is lower than XES's 0.35% expense ratio.
Risk-Adjusted Performance
PSCE vs. XES — Risk-Adjusted Performance Rank
PSCE
XES
PSCE vs. XES - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Energy ETF (PSCE) and SPDR S&P Oil & Gas Equipment & Services ETF (XES). 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. XES - Dividend Comparison
PSCE's dividend yield for the trailing twelve months is around 1.83%, more than XES's 1.35% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 1.83% | 1.70% | 2.57% | 1.71% | 0.46% | 0.87% | 0.13% | 0.22% | 0.05% | 0.22% | 0.81% | 0.29% |
XES SPDR S&P Oil & Gas Equipment & Services ETF | 1.35% | 1.32% | 0.66% | 0.36% | 1.81% | 1.33% | 1.43% | 1.15% | 1.68% | 0.64% | 2.47% | 1.60% |
Drawdowns
PSCE vs. XES - Drawdown Comparison
The maximum PSCE drawdown since its inception was -96.21%, roughly equal to the maximum XES drawdown of -95.65%. Use the drawdown chart below to compare losses from any high point for PSCE and XES. For additional features, visit the drawdowns tool.
Volatility
PSCE vs. XES - Volatility Comparison
Invesco S&P SmallCap Energy ETF (PSCE) and SPDR S&P Oil & Gas Equipment & Services ETF (XES) have volatilities of 8.28% and 8.16%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.