PSCF vs. PFFD
PSCF (Invesco S&P SmallCap Financials ETF) and PFFD (Global X U.S. Preferred ETF) are both exchange-traded funds - PSCF is a Financials Equities fund tracking the S&P SmallCap 600 Financials Index, while PFFD is a Preferred Stock/Convertible Bonds fund tracking the ICE BofA Diversified Core U.S. Preferred Securities Index. Both are passively managed. Over the past 5 years, PSCF returned 4.52%/yr vs -0.48%/yr for PFFD. At a 0.45 correlation, their price movements are largely independent. PSCF charges 0.29%/yr vs 0.23%/yr for PFFD.
Performance
PSCF vs. PFFD - Performance Comparison
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Returns By Period
In the year-to-date period, PSCF achieves a 12.95% return, which is significantly higher than PFFD's 1.75% 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%
PFFD
- 1D
- 0.00%
- 1M
- 0.10%
- YTD
- 1.75%
- 6M
- 1.42%
- 1Y
- 6.96%
- 3Y*
- 5.74%
- 5Y*
- -0.48%
- 10Y*
- —
PSCF vs. PFFD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | 10.01% |
PFFD Global X U.S. Preferred ETF | 1.75% | 3.22% | 7.07% | 6.85% | -20.20% | 5.07% | 8.90% | 17.43% | -3.94% | 0.69% |
Correlation
The correlation between PSCF and PFFD is 0.56, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Sep 13, 2017 | 0.45 |
The correlation between PSCF and PFFD shifts across timeframes, from 0.45 (all time) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
PSCF vs. PFFD — Risk / Return Rank
PSCF
PFFD
PSCF vs. PFFD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and Global X U.S. Preferred ETF (PFFD). 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.
| PSCF | PFFD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.37 | ||
| Sortino ratioReturn per unit of downside risk | +0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.16 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 2.32 | 1.17 | +1.15 |
| Martin ratioReturn relative to average drawdown | 6.18 | 3.42 | +2.76 |
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Drawdowns
PSCF vs. PFFD - Drawdown Comparison
The maximum PSCF drawdown since its inception was -45.46%, which is greater than PFFD's maximum drawdown of -30.93%. Use the drawdown chart below to compare losses from any high point for PSCF and PFFD.
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Drawdown Indicators
| PSCF | PFFD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.46% | -30.93% | -14.53% |
Max Drawdown (1Y)Largest decline over 1 year | -9.91% | -5.97% | -3.94% |
Max Drawdown (3Y)Largest decline over 3 years | -24.34% | -10.84% | -13.50% |
Max Drawdown (5Y)Largest decline over 5 years | -36.77% | -24.45% | -12.32% |
Max Drawdown (10Y)Largest decline over 10 years | -45.46% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -4.19% | +4.19% |
Average DrawdownAverage peak-to-trough decline | -8.57% | -6.57% | -2.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.71% | 2.04% | +1.67% |
Volatility
PSCF vs. PFFD - Volatility Comparison
Invesco S&P SmallCap Financials ETF (PSCF) has a higher volatility of 4.70% compared to Global X U.S. Preferred ETF (PFFD) at 1.99%. This indicates that PSCF's price experiences larger fluctuations and is considered to be riskier than PFFD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCF | PFFD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.70% | 1.99% | +2.71% |
Volatility (6M)Calculated over the trailing 6-month period | 11.99% | 5.44% | +6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.54% | 7.35% | +10.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.42% | 11.01% | +11.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.77% | 12.73% | +12.04% |
PSCF vs. PFFD - Expense Ratio Comparison
PSCF has a 0.29% expense ratio, which is higher than PFFD's 0.23% expense ratio.
Dividends
PSCF vs. PFFD - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.22%, less than PFFD's 6.40% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFFD Global X U.S. Preferred ETF | 6.40% | 6.37% | 6.42% | 6.49% | 6.63% | 5.09% | 5.17% | 5.48% | 6.21% | 1.94% | 0.00% | 0.00% |
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 PFFD have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCF has higher volatility (4.70%) compared to PFFD (1.99%). In terms of maximum drawdown, PSCF dropped -45.46% vs PFFD's -30.93%.
On 5-year performance, PSCF leads with 4.52% vs -0.48% for PFFD. On fees, PFFD is cheaper at 0.23% per year. On volatility, PFFD has been the lower-risk option at 1.99%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, PSCF has performed better with a 4.52% return vs -0.48%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PFFD is cheaper with a 0.23% expense ratio, compared with 0.29% for PSCF.
PFFD has the higher dividend yield at 6.40%, compared with 2.22% for PSCF.
PSCF is categorized as Financials Equities, while PFFD is Preferred Stock/Convertible Bonds. PSCF tracks S&P SmallCap 600 Financials Index, while PFFD tracks ICE BofA Diversified Core U.S. Preferred Securities Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.29% for PSCF and 0.23% for PFFD.
PSCF currently has the higher Sharpe Ratio (1.32 vs 0.95), 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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