PSCF vs. MMSC
Compare and contrast key facts about Invesco S&P SmallCap Financials ETF (PSCF) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC).
PSCF and MMSC 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. MMSC is an actively managed fund by First Trust. It was launched on Oct 13, 2021.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCF or MMSC.
Performance
PSCF vs. MMSC - Performance Comparison
Returns By Period
In the year-to-date period, PSCF achieves a 22.07% return, which is significantly lower than MMSC's 24.90% return.
PSCF
22.07%
3.29%
22.97%
40.50%
4.55%
7.20%
MMSC
24.90%
0.66%
7.86%
37.73%
N/A
N/A
Key characteristics
| PSCF | MMSC | |
|---|---|---|
| Sharpe Ratio | 1.89 | 2.04 |
| Sortino Ratio | 2.80 | 2.76 |
| Omega Ratio | 1.34 | 1.35 |
| Calmar Ratio | 1.44 | 1.24 |
| Martin Ratio | 8.91 | 12.18 |
| Ulcer Index | 4.73% | 3.22% |
| Daily Std Dev | 22.25% | 19.20% |
| Max Drawdown | -45.46% | -40.82% |
| Current Drawdown | -3.12% | -5.82% |
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PSCF vs. MMSC - Expense Ratio Comparison
PSCF has a 0.29% expense ratio, which is lower than MMSC's 0.95% expense ratio.
Correlation
The correlation between PSCF and MMSC is 0.72, 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.
Risk-Adjusted Performance
PSCF vs. MMSC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and First Trust Multi-Manager Small Cap Opportunities ETF (MMSC). 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. MMSC - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.01%, while MMSC has not paid dividends to shareholders.
| 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% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSCF vs. MMSC - Drawdown Comparison
The maximum PSCF drawdown since its inception was -45.46%, which is greater than MMSC's maximum drawdown of -40.82%. Use the drawdown chart below to compare losses from any high point for PSCF and MMSC. For additional features, visit the drawdowns tool.
Volatility
PSCF vs. MMSC - Volatility Comparison
Invesco S&P SmallCap Financials ETF (PSCF) has a higher volatility of 9.65% compared to First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) at 7.09%. This indicates that PSCF's price experiences larger fluctuations and is considered to be riskier than MMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.