PSCE vs. XOP
Compare and contrast key facts about Invesco S&P SmallCap Energy ETF (PSCE) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
PSCE and XOP 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. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both PSCE and XOP 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 XOP.
Correlation
The correlation between PSCE and XOP is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PSCE vs. XOP - Performance Comparison
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Key characteristics
PSCE:
-0.80
XOP:
-0.51
PSCE:
-0.96
XOP:
-0.49
PSCE:
0.87
XOP:
0.93
PSCE:
-0.33
XOP:
-0.25
PSCE:
-1.61
XOP:
-1.25
PSCE:
18.01%
XOP:
12.69%
PSCE:
37.30%
XOP:
32.46%
PSCE:
-96.21%
XOP:
-90.27%
PSCE:
-84.55%
XOP:
-54.93%
Returns By Period
In the year-to-date period, PSCE achieves a -20.86% return, which is significantly lower than XOP's -5.66% return. Over the past 10 years, PSCE has underperformed XOP with an annualized return of -11.55%, while XOP has yielded a comparatively higher -3.05% annualized return.
PSCE
-20.86%
7.57%
-25.78%
-29.61%
-6.17%
20.46%
-11.55%
XOP
-5.66%
10.93%
-12.50%
-16.55%
-0.61%
21.33%
-3.05%
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PSCE vs. XOP - Expense Ratio Comparison
PSCE has a 0.29% expense ratio, which is lower than XOP's 0.35% expense ratio.
Risk-Adjusted Performance
PSCE vs. XOP — Risk-Adjusted Performance Rank
PSCE
XOP
PSCE vs. XOP - 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 Exploration & Production ETF (XOP). 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.
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Dividends
PSCE vs. XOP - Dividend Comparison
PSCE's dividend yield for the trailing twelve months is around 2.33%, less than XOP's 2.61% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCE Invesco S&P SmallCap Energy ETF | 2.33% | 1.70% | 2.57% | 1.70% | 0.46% | 0.87% | 0.14% | 0.22% | 0.04% | 0.22% | 0.82% | 0.29% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.61% | 2.45% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% | 1.41% |
Drawdowns
PSCE vs. XOP - Drawdown Comparison
The maximum PSCE drawdown since its inception was -96.21%, which is greater than XOP's maximum drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for PSCE and XOP. For additional features, visit the drawdowns tool.
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Volatility
PSCE vs. XOP - Volatility Comparison
Invesco S&P SmallCap Energy ETF (PSCE) has a higher volatility of 9.06% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 8.62%. This indicates that PSCE's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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