PSCF vs. FBDC

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Financials ETF (PSCF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC).

PSCF and FBDC 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. FBDC is an actively managed fund by First Trust. It was launched on Jun 30, 2025.

Performance

PSCF vs. FBDC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Financials ETF (PSCF) and FT Confluence BDC & Specialty Finance Income ETF (FBDC). The values are adjusted to include any dividend payments, if applicable.

PSCF vs. FBDC - Yearly Performance Comparison

	2026 (YTD)	2025
PSCF Invesco S&P SmallCap Financials ETF	-0.43%	7.22%
FBDC FT Confluence BDC & Specialty Finance Income ETF	-9.87%	-2.43%

Returns By Period

In the year-to-date period, PSCF achieves a -0.43% return, which is significantly higher than FBDC's -9.87% return.

PSCF

• 1D: 1.74%
• 1M: -3.09%
• YTD: -0.43%
• 6M: 0.37%
• 1Y: 10.16%
• 3Y*: 12.55%
• 5Y*: 2.57%
• 10Y*: 6.73%

FBDC

• 1D: 2.30%
• 1M: 2.24%
• YTD: -9.87%
• 6M: -9.05%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCF vs. FBDC - Expense Ratio Comparison

PSCF has a 0.29% expense ratio, which is lower than FBDC's 13.69% expense ratio.

FBDC

FT Confluence BDC & Specialty Finance Income ETF

PSCF

Invesco S&P SmallCap Financials ETF

Return for Risk

PSCF vs. FBDC — Risk / Return Rank

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

PSCF

PSCF Risk / Return Rank: 29
PSCF Sharpe Ratio Rank: 27
PSCF Sortino Ratio Rank: 28
PSCF Omega Ratio Rank: 27
PSCF Calmar Ratio Rank: 32
PSCF Martin Ratio Rank: 29

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. 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.

	PSCF	FBDC	Difference
Sharpe ratio Return per unit of total volatility	0.47	—	—
Sortino ratio Return per unit of downside risk	0.80	—	—
Omega ratio Gain probability vs. loss probability	1.11	—	—
Calmar ratio Return relative to maximum drawdown	0.77	—	—
Martin ratio Return relative to average drawdown	2.43	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSCF	FBDC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	-0.91	+1.27

Correlation

The correlation between PSCF and FBDC is 0.58, 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.

Dividends

PSCF vs. FBDC - Dividend Comparison

PSCF's dividend yield for the trailing twelve months is around 2.55%, less than FBDC's 9.28% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCF Invesco S&P SmallCap Financials ETF	2.55%	2.09%	2.48%	3.32%	2.93%	1.83%	3.57%	4.27%	4.21%	2.26%	3.01%	2.37%
FBDC FT Confluence BDC & Specialty Finance Income ETF	9.28%	5.41%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

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.

Drawdown Indicators

	PSCF	FBDC	Difference
Max Drawdown Largest peak-to-trough decline	-45.46%	-20.60%	-24.86%
Max Drawdown (1Y) Largest decline over 1 year	-14.27%	—	—
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	-7.36%	-17.57%	+10.21%
Average Drawdown Average peak-to-trough decline	-8.67%	-9.11%	+0.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	—	—

Volatility

Volatility by Period

	PSCF	FBDC	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	—	—
Volatility (6M) Calculated over the trailing 6-month period	12.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.57%	17.36%	+4.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	17.36%	+5.20%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	17.36%	+7.43%