PSCF vs. INDF

Last updated Jun 4, 2026

PSCF (Invesco S&P SmallCap Financials ETF) and INDF (Nifty India Financials ETF) are both Financials Equities funds - PSCF tracks the S&P SmallCap 600 Financials Index while INDF tracks the Nifty Financial Services 25/50 Index. Both are passively managed. At a 0.37 correlation, their price movements are largely independent. PSCF charges 0.29%/yr vs 0.75%/yr for INDF.

Performance

PSCF vs. INDF - Performance Comparison

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

Returns By Period

PSCF

• 1D: -1.78%
• 1M: -2.06%
• YTD: 4.89%
• 6M: 5.56%
• 1Y: 16.72%
• 3Y*: 15.40%
• 5Y*: 2.81%
• 10Y*: 6.80%

INDF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCF vs. INDF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
PSCF Invesco S&P SmallCap Financials ETF	4.89%	6.19%	15.50%	6.02%	-19.34%	27.82%	21.77%
INDF Nifty India Financials ETF	0.00%	8.17%	6.32%	19.86%	-5.28%	11.95%	23.97%

Correlation

The correlation between PSCF and INDF is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.19
Correlation (3Y) Calculated over the trailing 3-year period	0.28
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (All Time) Calculated using the full available price history since Oct 22, 2020	0.37

The correlation between PSCF and INDF shifts across timeframes, from 0.19 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.

PSCF vs. INDF - Sectors Allocation Comparison

Sectors	PSCF	INDF
Financial Services	66.9%	100.0%
Real Estate	30.8%	-
Technology	1.9%	-
Industrials	0.3%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Utilities	-	-

Return for Risk

PSCF vs. INDF — 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: 27
PSCF Omega Ratio Rank: 26
PSCF Calmar Ratio Rank: 34
PSCF Martin Ratio Rank: 31

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. INDF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and Nifty India Financials ETF (INDF). 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	INDF	Difference
Sharpe ratio Return per unit of total volatility	0.97	—	—
Sortino ratio Return per unit of downside risk	1.47	—	—
Omega ratio Gain probability vs. loss probability	1.18	—	—
Calmar ratio Return relative to maximum drawdown	1.69	—	—
Martin ratio Return relative to average drawdown	4.50	—	—
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	INDF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.97	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.13	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.28	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	—	—

Drawdowns

Drawdown Indicators

	PSCF	INDF	Difference
Max Drawdown Largest peak-to-trough decline	-45.46%	—	—
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 Drawdown Current decline from peak	-4.29%	—	—
Average Drawdown Average peak-to-trough decline	-8.59%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.72%	—	—

Volatility

Volatility by Period

	PSCF	INDF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.63%	—	—
Volatility (6M) Calculated over the trailing 6-month period	11.58%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.42%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.47%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	—	—

PSCF vs. INDF - Expense Ratio Comparison

PSCF has a 0.29% expense ratio, which is lower than INDF's 0.75% expense ratio.

Dividends

PSCF vs. INDF - Dividend Comparison

PSCF's dividend yield for the trailing twelve months is around 2.42%, less than INDF's 21.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
INDF Nifty India Financials ETF	21.29%	21.29%	6.15%	8.84%	3.12%	1.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSCF Invesco S&P SmallCap Financials ETF	2.42%	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 INDF in my portfolio?

PSCF and INDF have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSCF or INDF?

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.

Which ETF is cheaper, PSCF or INDF?

PSCF is cheaper with a 0.29% expense ratio, compared with 0.75% for INDF.

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

INDF has the higher dividend yield at 21.29%, compared with 2.42% for PSCF.

What is the main difference between PSCF and INDF?

PSCF tracks S&P SmallCap 600 Financials Index, while INDF tracks Nifty Financial Services 25/50 Index. They also come from different issuers: Invesco and Exchange Traded Concepts. Their fees differ too: 0.29% for PSCF and 0.75% for INDF.