PSCF vs. IYF

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Financials ETF (PSCF) and iShares U.S. Financials ETF (IYF).

PSCF and IYF 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. IYF is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Financials Index. It was launched on May 31, 2000. Both PSCF and IYF are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PSCF vs. IYF - Performance Comparison

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

PSCF vs. IYF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCF Invesco S&P SmallCap Financials ETF	-0.43%	6.19%	15.50%	6.02%	-19.34%	27.82%	-9.07%	23.13%	-8.43%	6.71%
IYF iShares U.S. Financials ETF	-8.29%	18.25%	31.30%	15.32%	-11.33%	31.60%	-1.00%	31.86%	-9.39%	19.58%

Returns By Period

In the year-to-date period, PSCF achieves a -0.43% return, which is significantly higher than IYF's -8.29% return. Over the past 10 years, PSCF has underperformed IYF with an annualized return of 6.73%, while IYF has yielded a comparatively higher 12.58% annualized 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%

IYF

• 1D: 2.27%
• 1M: -3.56%
• YTD: -8.29%
• 6M: -6.22%
• 1Y: 5.91%
• 3Y*: 20.12%
• 5Y*: 10.92%
• 10Y*: 12.58%

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

PSCF vs. IYF - Expense Ratio Comparison

PSCF has a 0.29% expense ratio, which is lower than IYF's 0.42% expense ratio.

IYF

iShares U.S. Financials ETF

PSCF

Invesco S&P SmallCap Financials ETF

Return for Risk

PSCF vs. IYF — 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

IYF

IYF Risk / Return Rank: 23
IYF Sharpe Ratio Rank: 22
IYF Sortino Ratio Rank: 21
IYF Omega Ratio Rank: 22
IYF Calmar Ratio Rank: 25
IYF Martin Ratio Rank: 24

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. IYF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and iShares U.S. Financials ETF (IYF). 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	IYF	Difference
Sharpe ratio Return per unit of total volatility	0.47	0.31	+0.17
Sortino ratio Return per unit of downside risk	0.80	0.53	+0.27
Omega ratio Gain probability vs. loss probability	1.11	1.08	+0.03
Calmar ratio Return relative to maximum drawdown	0.77	0.51	+0.27
Martin ratio Return relative to average drawdown	2.43	1.52	+0.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCF vs. IYF - Sharpe Ratio Comparison

The current PSCF Sharpe Ratio is 0.47, which is higher than the IYF Sharpe Ratio of 0.31. The chart below compares the historical Sharpe Ratios of PSCF and IYF, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSCF	IYF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.47	0.31	+0.17
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.58	-0.46
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.60	-0.33
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.22	+0.14

Correlation

The correlation between PSCF and IYF is 0.82, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PSCF vs. IYF - Dividend Comparison

PSCF's dividend yield for the trailing twelve months is around 2.55%, more than IYF's 1.62% 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%
IYF iShares U.S. Financials ETF	1.62%	1.32%	1.29%	1.67%	1.86%	1.27%	1.72%	1.64%	1.90%	1.46%	1.67%	1.66%

Drawdowns

PSCF vs. IYF - Drawdown Comparison

The maximum PSCF drawdown since its inception was -45.46%, smaller than the maximum IYF drawdown of -79.09%. Use the drawdown chart below to compare losses from any high point for PSCF and IYF.

Drawdown Indicators

	PSCF	IYF	Difference
Max Drawdown Largest peak-to-trough decline	-45.46%	-79.09%	+33.63%
Max Drawdown (1Y) Largest decline over 1 year	-14.27%	-13.88%	-0.39%
Max Drawdown (5Y) Largest decline over 5 years	-36.77%	-25.06%	-11.71%
Max Drawdown (10Y) Largest decline over 10 years	-45.46%	-42.57%	-2.89%
Current Drawdown Current decline from peak	-7.36%	-11.10%	+3.74%
Average Drawdown Average peak-to-trough decline	-8.67%	-17.68%	+9.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.53%	4.62%	-0.09%

Volatility

PSCF vs. IYF - Volatility Comparison

Invesco S&P SmallCap Financials ETF (PSCF) and iShares U.S. Financials ETF (IYF) have volatilities of 4.76% and 4.71%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCF	IYF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.76%	4.71%	+0.05%
Volatility (6M) Calculated over the trailing 6-month period	12.51%	11.36%	+1.15%
Volatility (1Y) Calculated over the trailing 1-year period	21.57%	19.48%	+2.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.56%	19.00%	+3.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.79%	20.91%	+3.88%