PSCF vs. BALI

Last updated Jun 23, 2026

PSCF (Invesco S&P SmallCap Financials ETF) and BALI (Blackrock Advantage Large Cap Income ETF) are both exchange-traded funds - PSCF is a Financials Equities fund tracking the S&P SmallCap 600 Financials Index, while BALI is a Derivative Income fund actively managed by BlackRock. PSCF is passively managed, while BALI is actively managed. Over the past year, PSCF returned 23.90% vs 25.38% for BALI. A 0.54 correlation means they provide meaningful diversification when combined. PSCF charges 0.29%/yr vs 0.35%/yr for BALI.

Performance

PSCF vs. BALI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Financials ETF (PSCF) and Blackrock Advantage Large Cap Income ETF (BALI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCF achieves a 11.50% return, which is significantly higher than BALI's 10.07% return.

PSCF

• 1D: 0.34%
• 1M: 3.42%
• YTD: 11.50%
• 6M: 9.11%
• 1Y: 23.90%
• 3Y*: 19.36%
• 5Y*: 4.49%
• 10Y*: 7.84%

BALI

• 1D: -0.30%
• 1M: -0.31%
• YTD: 10.07%
• 6M: 10.01%
• 1Y: 25.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCF vs. BALI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PSCF Invesco S&P SmallCap Financials ETF	11.50%	6.19%	15.50%	20.89%
BALI Blackrock Advantage Large Cap Income ETF	10.07%	14.51%	22.38%	9.71%

Correlation

The correlation between PSCF and BALI is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.49
Correlation (All Time) Calculated using the full available price history since Sep 28, 2023	0.54

The correlation between PSCF and BALI has been stable across timeframes, ranging from 0.49 to 0.54 - a consistent structural relationship.

PSCF vs. BALI - Sectors Allocation Comparison

Sectors	PSCF	BALI
Financial Services	67.3%	9.2%
Real Estate	28.8%	2.1%
Technology	3.5%	35.4%
Industrials	0.4%	7.0%
Basic Materials	-	1.4%
Communication Services	-	10.1%
Consumer Cyclical	-	9.7%
Consumer Defensive	-	5.8%
Energy	-	4.0%
Healthcare	-	9.5%
Utilities	-	2.0%

Return for Risk

PSCF vs. BALI — Risk / Return Rank

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

PSCF

PSCF Risk / Return Rank: 42
PSCF Sharpe Ratio Rank: 40
PSCF Sortino Ratio Rank: 41
PSCF Omega Ratio Rank: 38
PSCF Calmar Ratio Rank: 50
PSCF Martin Ratio Rank: 41

BALI

BALI Risk / Return Rank: 81
BALI Sharpe Ratio Rank: 80
BALI Sortino Ratio Rank: 79
BALI Omega Ratio Rank: 81
BALI Calmar Ratio Rank: 76
BALI Martin Ratio Rank: 88

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.

PSCF vs. BALI - Risk-Adjusted Trends 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PSCF	BALI	Difference
Sharpe ratio: Return per unit of total volatility	1.37	2.45	-1.07
Sortino ratio: Return per unit of downside risk	2.01	3.34	-1.33
Omega ratio: Gain probability vs. loss probability	1.25	1.46	-0.21
Calmar ratio: Return relative to maximum drawdown	2.42	3.80	-1.38
Martin ratio: Return relative to average drawdown	6.45	18.28	-11.83

PSCF vs. BALI - Sharpe Ratio Comparison

The current PSCF Sharpe Ratio is 1.37, which is lower than the BALI Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of PSCF and BALI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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 -16.65%. Use the drawdown chart below to compare losses from any high point for PSCF and BALI.

Drawdown Indicators

	PSCF	BALI	Difference
Max Drawdown Largest peak-to-trough decline	-45.46%	-16.65%	-28.81%
Max Drawdown (1Y) Largest decline over 1 year	-9.91%	-6.71%	-3.20%
Max Drawdown (3Y) Largest decline over 3 years	-24.34%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-36.77%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.46%	—	—
Current Drawdown Current decline from peak	-0.41%	-1.44%	+1.03%
Average Drawdown Average peak-to-trough decline	-8.57%	-1.63%	-6.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.71%	1.39%	+2.32%

Volatility

PSCF vs. BALI - Volatility Comparison

Invesco S&P SmallCap Financials ETF (PSCF) has a higher volatility of 4.56% compared to Blackrock Advantage Large Cap Income ETF (BALI) at 3.95%. 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.

Volatility by Period

	PSCF	BALI	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.56%	3.95%	+0.61%
Volatility (6M) Calculated over the trailing 6-month period	11.93%	8.24%	+3.69%
Volatility (1Y) Calculated over the trailing 1-year period	17.53%	10.44%	+7.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.42%	13.01%	+9.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.81%	13.01%	+11.80%

PSCF vs. BALI - Expense Ratio Comparison

PSCF has a 0.29% expense ratio, which is lower than BALI's 0.35% expense ratio.

Dividends

PSCF vs. BALI - Dividend Comparison

PSCF's dividend yield for the trailing twelve months is around 2.78%, less than BALI's 7.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BALI Blackrock Advantage Large Cap Income ETF	7.74%	8.51%	7.13%	2.13%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCF Invesco S&P SmallCap Financials ETF	2.78%	2.09%	2.48%	3.32%	2.93%	1.83%	3.57%	4.27%	4.21%	2.26%	3.01%	2.37%

Frequently Asked Questions

Can I hold both PSCF and BALI in my portfolio?

PSCF and BALI have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCF or BALI?

PSCF has higher volatility (4.56%) compared to BALI (3.95%). In terms of maximum drawdown, PSCF dropped -45.46% vs BALI's -16.65%.

Which ETF is better, PSCF or BALI?

On 1-year performance, BALI leads with 25.38% vs 23.90% for PSCF. On fees, PSCF is cheaper at 0.29% per year. On volatility, BALI has been the lower-risk option at 3.95%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCF or BALI?

Over the 1-year period, BALI has performed better with a 25.38% return vs 23.90%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCF or BALI?

PSCF is cheaper with a 0.29% expense ratio, compared with 0.35% for BALI.

Which ETF pays a higher dividend yield, PSCF or BALI?

BALI has the higher dividend yield at 7.74%, compared with 2.78% for PSCF.

What is the main difference between PSCF and BALI?

PSCF is categorized as Financials Equities, while BALI is Derivative Income. They also come from different issuers: Invesco and BlackRock. Their fees differ too: 0.29% for PSCF and 0.35% for BALI.

Which has better risk-adjusted returns?

BALI currently has the higher Sharpe Ratio (2.45 vs 1.37), 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.