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.
Performance
PSCF vs. MMSC - Performance Comparison
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PSCF vs. MMSC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSCF Invesco S&P SmallCap Financials ETF | -0.43% | 6.19% | 15.50% | 6.02% | -19.34% | 1.75% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | -0.98% | 15.45% | 22.19% | 18.76% | -30.98% | 1.01% |
Returns By Period
In the year-to-date period, PSCF achieves a -0.43% return, which is significantly higher than MMSC's -0.98% 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%
MMSC
- 1D
- 4.82%
- 1M
- -6.15%
- YTD
- -0.98%
- 6M
- 1.92%
- 1Y
- 30.40%
- 3Y*
- 16.41%
- 5Y*
- —
- 10Y*
- —
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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.
Return for Risk
PSCF vs. MMSC — Risk / Return Rank
PSCF
MMSC
PSCF vs. MMSC - Risk-Adjusted Trends 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.
| PSCF | MMSC | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 1.16 | -0.68 |
Sortino ratioReturn per unit of downside risk | 0.80 | 1.70 | -0.90 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.23 | -0.12 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.05 | -1.27 |
Martin ratioReturn relative to average drawdown | 2.43 | 7.28 | -4.84 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSCF | MMSC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.16 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.11 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.27 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.14 | +0.22 |
Correlation
The correlation between PSCF and MMSC is 0.69, 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.
Dividends
PSCF vs. MMSC - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.55%, while MMSC has not paid dividends to shareholders.
| 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% |
MMSC First Trust Multi-Manager Small Cap Opportunities ETF | 0.00% | 0.00% | 0.41% | 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.
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Drawdown Indicators
| PSCF | MMSC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.46% | -40.82% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -14.17% | -0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -36.77% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | — | — |
Current DrawdownCurrent decline from peak | -7.36% | -9.96% | +2.60% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -19.44% | +10.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 3.98% | +0.55% |
Volatility
PSCF vs. MMSC - Volatility Comparison
The current volatility for Invesco S&P SmallCap Financials ETF (PSCF) is 4.76%, while First Trust Multi-Manager Small Cap Opportunities ETF (MMSC) has a volatility of 10.00%. This indicates that PSCF experiences smaller price fluctuations and is considered to be less risky than MMSC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCF | MMSC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 10.00% | -5.24% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 18.07% | -5.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 26.46% | -4.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 24.54% | -1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.79% | 24.54% | +0.25% |