PSCF vs. KBWP
Compare and contrast key facts about Invesco S&P SmallCap Financials ETF (PSCF) and Invesco KBW Property & Casualty Insurance ETF (KBWP).
PSCF and KBWP 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. KBWP is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Property & Casualty (TR). It was launched on Dec 2, 2010. Both PSCF and KBWP are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCF or KBWP.
Performance
PSCF vs. KBWP - Performance Comparison
Returns By Period
In the year-to-date period, PSCF achieves a 22.07% return, which is significantly lower than KBWP's 36.16% return. Over the past 10 years, PSCF has underperformed KBWP with an annualized return of 7.20%, while KBWP has yielded a comparatively higher 13.78% annualized return.
PSCF
22.07%
3.29%
22.97%
40.50%
4.55%
7.20%
KBWP
36.16%
1.50%
15.52%
39.31%
14.05%
13.78%
Key characteristics
| PSCF | KBWP | |
|---|---|---|
| Sharpe Ratio | 1.89 | 2.53 |
| Sortino Ratio | 2.80 | 3.28 |
| Omega Ratio | 1.34 | 1.46 |
| Calmar Ratio | 1.44 | 5.97 |
| Martin Ratio | 8.91 | 16.18 |
| Ulcer Index | 4.73% | 2.44% |
| Daily Std Dev | 22.25% | 15.66% |
| Max Drawdown | -45.46% | -39.77% |
| Current Drawdown | -3.12% | 0.00% |
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PSCF vs. KBWP - Expense Ratio Comparison
PSCF has a 0.29% expense ratio, which is lower than KBWP's 0.35% expense ratio.
Correlation
The correlation between PSCF and KBWP 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.
Risk-Adjusted Performance
PSCF vs. KBWP - Risk-Adjusted Performance 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.
Dividends
PSCF vs. KBWP - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.01%, more than KBWP's 1.28% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCF Invesco S&P SmallCap Financials ETF | 2.01% | 3.33% | 2.93% | 1.83% | 3.57% | 3.40% | 4.21% | 2.26% | 3.01% | 2.28% | 2.43% | 2.31% |
KBWP Invesco KBW Property & Casualty Insurance ETF | 1.28% | 1.68% | 1.99% | 3.02% | 1.93% | 1.99% | 2.11% | 1.90% | 2.14% | 1.35% | 2.73% | 1.72% |
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 -39.77%. Use the drawdown chart below to compare losses from any high point for PSCF and KBWP. For additional features, visit the drawdowns tool.
Volatility
PSCF vs. KBWP - Volatility Comparison
Invesco S&P SmallCap Financials ETF (PSCF) has a higher volatility of 9.65% compared to Invesco KBW Property & Casualty Insurance ETF (KBWP) at 6.24%. This indicates that PSCF's price experiences larger fluctuations and is considered to be riskier than KBWP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.