PSCF vs. FBDC
PSCF (Invesco S&P SmallCap Financials ETF) and FBDC (FT Confluence BDC & Specialty Finance Income ETF) are both Financials Equities funds. PSCF is passively managed, while FBDC is actively managed. A 0.53 correlation means they provide meaningful diversification when combined. PSCF charges 0.29%/yr vs 1.35%/yr for FBDC.
Performance
PSCF vs. FBDC - Performance Comparison
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Returns By Period
In the year-to-date period, PSCF achieves a 12.95% return, which is significantly higher than FBDC's -10.39% return.
PSCF
- 1D
- 1.30%
- 1M
- 4.77%
- YTD
- 12.95%
- 6M
- 11.09%
- 1Y
- 22.91%
- 3Y*
- 19.88%
- 5Y*
- 4.52%
- 10Y*
- 7.98%
FBDC
- 1D
- 0.30%
- 1M
- -1.24%
- YTD
- -10.39%
- 6M
- -8.60%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PSCF vs. FBDC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PSCF Invesco S&P SmallCap Financials ETF | 12.95% | 7.05% |
FBDC FT Confluence BDC & Specialty Finance Income ETF | -10.39% | -2.66% |
Correlation
The correlation between PSCF and FBDC is 0.53, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 30, 2025 | 0.53 |
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Return for Risk
PSCF vs. FBDC — Risk / Return Rank
PSCF
FBDC
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
PSCF vs. FBDC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). 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 | FBDC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | 1.24 | — | — |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | — | — |
| Martin ratioReturn relative to average drawdown | 6.18 | — | — |
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Drawdowns
PSCF vs. FBDC - Drawdown Comparison
The maximum PSCF drawdown since its inception was -45.46%, which is greater than FBDC's maximum drawdown of -20.60%. Use the drawdown chart below to compare losses from any high point for PSCF and FBDC.
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Drawdown Indicators
| PSCF | FBDC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.46% | -20.60% | -24.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | — | — |
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 DrawdownCurrent decline from peak | 0.00% | -18.04% | +18.04% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -10.44% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | — | — |
Volatility
PSCF vs. FBDC - Volatility Comparison
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Volatility by Period
| PSCF | FBDC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | — | — |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | — | — |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 18.00% | -0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 18.00% | +4.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 18.00% | +6.77% |
PSCF vs. FBDC - Expense Ratio Comparison
PSCF has a 0.29% expense ratio, which is lower than FBDC's 1.35% expense ratio.
Dividends
PSCF vs. FBDC - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.22%, less than FBDC's 11.63% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FBDC FT Confluence BDC & Specialty Finance Income ETF | 11.63% | 5.41% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCF Invesco S&P SmallCap Financials ETF | 2.22% | 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
PSCF and FBDC have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSCF is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSCF is cheaper with a 0.29% expense ratio, compared with 1.35% for FBDC.
FBDC has the higher dividend yield at 11.63%, compared with 2.22% for PSCF.
They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.29% for PSCF and 1.35% for FBDC.
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