PSCF vs. BALI
Compare and contrast key facts about Invesco S&P SmallCap Financials ETF (PSCF) and Blackrock Advantage Large Cap Income ETF (BALI).
PSCF and BALI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCF is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Financials Index. It was launched on Apr 7, 2010. BALI is an actively managed fund by BlackRock. It was launched on Sep 26, 2023.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCF or BALI.
Performance
PSCF vs. BALI - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PSCF having a 22.07% return and BALI slightly higher at 22.94%.
PSCF
22.07%
3.29%
22.97%
40.50%
4.55%
7.20%
BALI
22.94%
0.94%
10.72%
28.54%
N/A
N/A
Key characteristics
| PSCF | BALI | |
|---|---|---|
| Sharpe Ratio | 1.89 | 2.82 |
| Sortino Ratio | 2.80 | 3.76 |
| Omega Ratio | 1.34 | 1.53 |
| Calmar Ratio | 1.44 | 3.70 |
| Martin Ratio | 8.91 | 16.96 |
| Ulcer Index | 4.73% | 1.69% |
| Daily Std Dev | 22.25% | 10.16% |
| Max Drawdown | -45.46% | -7.74% |
| Current Drawdown | -3.12% | -1.72% |
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PSCF vs. BALI - Expense Ratio Comparison
PSCF has a 0.29% expense ratio, which is lower than BALI's 0.35% expense ratio.
Correlation
The correlation between PSCF and BALI is 0.49, 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.
Risk-Adjusted Performance
PSCF vs. BALI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and Blackrock Advantage Large Cap Income ETF (BALI). 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
PSCF vs. BALI - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.01%, less than BALI's 6.78% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCF Invesco S&P SmallCap Financials ETF | 2.01% | 3.33% | 2.93% | 1.83% | 3.57% | 3.40% | 4.21% | 2.26% | 3.01% | 2.28% | 2.43% | 2.31% |
BALI Blackrock Advantage Large Cap Income ETF | 6.78% | 2.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSCF vs. BALI - Drawdown Comparison
The maximum PSCF drawdown since its inception was -45.46%, which is greater than BALI's maximum drawdown of -7.74%. Use the drawdown chart below to compare losses from any high point for PSCF and BALI. For additional features, visit the drawdowns tool.
Volatility
PSCF vs. BALI - Volatility Comparison
Invesco S&P SmallCap Financials ETF (PSCF) has a higher volatility of 9.65% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 3.81%. This indicates that PSCF's price experiences larger fluctuations and is considered to be riskier than BALI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.