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PSCF vs. KBWP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSCF vs. KBWP

Last updated Jun 24, 2026

PSCF (Invesco S&P SmallCap Financials ETF) and KBWP (Invesco KBW Property & Casualty Insurance ETF) are both Financials Equities funds from Invesco - PSCF tracks the S&P SmallCap 600 Financials Index while KBWP tracks the KBW Nasdaq Property & Casualty (TR). Both are passively managed. Over the past 10 years, PSCF returned 7.98%/yr vs 12.39%/yr for KBWP. A 0.58 correlation means they provide meaningful diversification when combined. PSCF charges 0.29%/yr vs 0.35%/yr for KBWP.

Performance

PSCF vs. KBWP - Performance Comparison

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

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Returns By Period

In the year-to-date period, PSCF achieves a 12.95% return, which is significantly higher than KBWP's -1.94% return. Over the past 10 years, PSCF has underperformed KBWP with an annualized return of 7.98%, while KBWP has yielded a comparatively higher 12.39% annualized 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%

KBWP

1D
2.46%
1M
2.63%
YTD
-1.94%
6M
-2.38%
1Y
2.45%
3Y*
17.19%
5Y*
12.41%
10Y*
12.39%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSCF vs. KBWP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSCF
Invesco S&P SmallCap Financials ETF		12.95%6.19%15.50%6.02%-19.34%27.82%-9.07%23.13%-8.43%6.71%
KBWP
Invesco KBW Property & Casualty Insurance ETF		-1.94%11.49%30.45%7.09%10.16%20.61%-2.05%28.67%-2.76%8.86%

Correlation

The correlation between PSCF and KBWP is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.50

Correlation (3Y)
Calculated over the trailing 3-year period

0.50

Correlation (5Y)
Calculated over the trailing 5-year period

0.58

Correlation (10Y)
Calculated over the trailing 10-year period

0.63

Correlation (All Time)
Calculated using the full available price history since Dec 22, 2010

0.58

The correlation between PSCF and KBWP shifts across timeframes, from 0.50 (1 year) to 0.63 (10 years), reflecting how their relationship changes across market environments.

PSCF vs. KBWP - Sectors Allocation Comparison

Sectors
PSCF
KBWP

Financial Services

67.3%
100.0%

Real Estate

28.8%

-

Technology

3.5%

-

Industrials

0.4%

-

Basic Materials

-

-

Communication Services

-

-

Consumer Cyclical

-

-

Consumer Defensive

-

-

Energy

-

-

Healthcare

-

-

Utilities

-

-

Financial Services

PSCF
67.3%
KBWP
100.0%

Real Estate

PSCF
28.8%
KBWP

-

Technology

PSCF
3.5%
KBWP

-

Industrials

PSCF
0.4%
KBWP

-

Basic Materials

PSCF

-

KBWP

-

Communication Services

PSCF

-

KBWP

-

Consumer Cyclical

PSCF

-

KBWP

-

Consumer Defensive

PSCF

-

KBWP

-

Energy

PSCF

-

KBWP

-

Healthcare

PSCF

-

KBWP

-

Utilities

PSCF

-

KBWP

-

Compare stocks, funds, or ETFs

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Invesco S&P SmallCap Financials ETF

Invesco KBW Property & Casualty Insurance ETF

Often compared with PSCF:
PSCF vs. PFFDPSCF vs. FNCLPSCF vs. MMSCPSCF vs. PSCIPSCF vs. GABFPSCF vs. VOOPSCF vs. BALI
Often compared with KBWP:
KBWP vs. IAKKBWP vs. KIEKBWP vs. KBEKBWP vs. ACGLKBWP vs. TRVKBWP vs. VOOKBWP vs. QQQ

Return for Risk

PSCF vs. KBWP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSCF
PSCF Risk / Return Rank: 4242
Overall Rank
PSCF Sharpe Ratio Rank: 4040
Sharpe Ratio Rank
PSCF Sortino Ratio Rank: 4040
Sortino Ratio Rank
PSCF Omega Ratio Rank: 3838
Omega Ratio Rank
PSCF Calmar Ratio Rank: 5050
Calmar Ratio Rank
PSCF Martin Ratio Rank: 4141
Martin Ratio Rank
KBWP
KBWP Risk / Return Rank: 1111
Overall Rank
KBWP Sharpe Ratio Rank: 1010
Sharpe Ratio Rank
KBWP Sortino Ratio Rank: 1010
Sortino Ratio Rank
KBWP Omega Ratio Rank: 1010
Omega Ratio Rank
KBWP Calmar Ratio Rank: 1111
Calmar Ratio Rank
KBWP Martin Ratio Rank: 1111
Martin Ratio Rank
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. KBWP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and Invesco KBW Property & Casualty Insurance ETF (KBWP). 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.

PSCFKBWPDifference
Sharpe ratioReturn per unit of total volatility
1.32
0.15

+1.17

Sortino ratioReturn per unit of downside risk
1.94
0.32

+1.62

Omega ratioGain probability vs. loss probability

1.24

1.04

+0.20

Calmar ratioReturn relative to maximum drawdown

2.32

0.26

+2.06

Martin ratioReturn relative to average drawdown

6.18

0.56

+5.62

PSCF vs. KBWP - Sharpe Ratio Comparison

The current PSCF Sharpe Ratio is 1.32, which is higher than the KBWP Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of PSCF and KBWP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PSCF vs. KBWP - Drawdown Comparison

The maximum PSCF drawdown since its inception was -45.46%, which is greater than KBWP's maximum drawdown of -39.76%. Use the drawdown chart below to compare losses from any high point for PSCF and KBWP.

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Drawdown Indicators

PSCFKBWPDifference

Max Drawdown

Largest peak-to-trough decline

-45.46%

-39.76%

-5.70%

Max Drawdown (1Y)

Largest decline over 1 year

-9.91%

-9.56%

-0.35%

Max Drawdown (3Y)

Largest decline over 3 years

-24.34%

-12.29%

-12.05%

Max Drawdown (5Y)

Largest decline over 5 years

-36.77%

-17.00%

-19.77%

Max Drawdown (10Y)

Largest decline over 10 years

-45.46%

-39.76%

-5.70%

Current Drawdown

Current decline from peak

0.00%

-2.75%

+2.75%

Average Drawdown

Average peak-to-trough decline

-8.57%

-4.37%

-4.20%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.71%

4.36%

-0.65%

Volatility

PSCF vs. KBWP - Volatility Comparison

The current volatility for Invesco S&P SmallCap Financials ETF (PSCF) is 4.70%, while Invesco KBW Property & Casualty Insurance ETF (KBWP) has a volatility of 5.82%. This indicates that PSCF experiences smaller price fluctuations and is considered to be less risky than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSCFKBWPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.70%

5.82%

-1.12%

Volatility (6M)

Calculated over the trailing 6-month period

11.99%

12.07%

-0.08%

Volatility (1Y)

Calculated over the trailing 1-year period

17.54%

16.60%

+0.94%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

22.42%

18.54%

+3.88%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

24.77%

20.73%

+4.04%

PSCF vs. KBWP - Expense Ratio Comparison

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

Dividends

PSCF vs. KBWP - Dividend Comparison

PSCF's dividend yield for the trailing twelve months is around 2.22%, more than KBWP's 2.00% yield.

PositionTTM20252024202320222021202020192018201720162015
KBWP
Invesco KBW Property & Casualty Insurance ETF		2.00%1.58%1.64%1.68%1.99%3.02%1.93%1.99%2.11%1.90%2.14%1.35%
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 KBWP have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

KBWP has higher volatility (5.82%) compared to PSCF (4.70%). In terms of maximum drawdown, PSCF dropped -45.46% vs KBWP's -39.76%.

On 10-year performance, KBWP leads with 12.39% vs 7.98% for PSCF. On fees, PSCF is cheaper at 0.29% per year. On volatility, PSCF has been the lower-risk option at 4.70%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, KBWP has performed better with a 12.39% return vs 7.98%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

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

PSCF has the higher dividend yield at 2.22%, compared with 2.00% for KBWP.

PSCF tracks S&P SmallCap 600 Financials Index, while KBWP tracks KBW Nasdaq Property & Casualty (TR). Their fees differ too: 0.29% for PSCF and 0.35% for KBWP.

PSCF currently has the higher Sharpe Ratio (1.32 vs 0.15), 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.

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