PSCF vs. SPCZ
Compare and contrast key facts about Invesco S&P SmallCap Financials ETF (PSCF) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ).
PSCF and SPCZ 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. SPCZ is an actively managed fund by RiverNorth. It was launched on Jul 11, 2022.
Performance
PSCF vs. SPCZ - Performance Comparison
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PSCF vs. SPCZ - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PSCF Invesco S&P SmallCap Financials ETF | -0.43% | 6.19% | 15.50% | 6.02% | -0.08% |
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | -0.15% | 10.19% | 5.31% | 5.93% | 1.95% |
Returns By Period
In the year-to-date period, PSCF achieves a -0.43% return, which is significantly lower than SPCZ's -0.15% 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%
SPCZ
- 1D
- -0.04%
- 1M
- -0.78%
- YTD
- -0.15%
- 6M
- 0.39%
- 1Y
- 8.26%
- 3Y*
- 6.38%
- 5Y*
- —
- 10Y*
- —
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PSCF vs. SPCZ - Expense Ratio Comparison
PSCF has a 0.29% expense ratio, which is lower than SPCZ's 0.90% expense ratio.
Return for Risk
PSCF vs. SPCZ — Risk / Return Rank
PSCF
SPCZ
PSCF vs. SPCZ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Financials ETF (PSCF) and RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ). 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 | SPCZ | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.47 | 1.33 | -0.85 |
Sortino ratioReturn per unit of downside risk | 0.80 | 1.98 | -1.18 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.33 | -0.22 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.37 | -1.60 |
Martin ratioReturn relative to average drawdown | 2.43 | 6.30 | -3.87 |
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 | SPCZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.47 | 1.33 | -0.85 |
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 | 1.22 | -0.86 |
Correlation
The correlation between PSCF and SPCZ is 0.12, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PSCF vs. SPCZ - Dividend Comparison
PSCF's dividend yield for the trailing twelve months is around 2.55%, less than SPCZ's 12.08% yield.
| 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% |
SPCZ RiverNorth Enhanced Pre-Merger SPAC ETF | 12.08% | 12.06% | 4.24% | 5.01% | 0.22% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSCF vs. SPCZ - Drawdown Comparison
The maximum PSCF drawdown since its inception was -45.46%, which is greater than SPCZ's maximum drawdown of -4.47%. Use the drawdown chart below to compare losses from any high point for PSCF and SPCZ.
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Drawdown Indicators
| PSCF | SPCZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.46% | -4.47% | -40.99% |
Max Drawdown (1Y)Largest decline over 1 year | -14.27% | -3.50% | -10.77% |
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% | -2.77% | -4.59% |
Average DrawdownAverage peak-to-trough decline | -8.67% | -0.43% | -8.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.53% | 1.32% | +3.21% |
Volatility
PSCF vs. SPCZ - Volatility Comparison
Invesco S&P SmallCap Financials ETF (PSCF) has a higher volatility of 4.76% compared to RiverNorth Enhanced Pre-Merger SPAC ETF (SPCZ) at 1.31%. This indicates that PSCF's price experiences larger fluctuations and is considered to be riskier than SPCZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCF | SPCZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.76% | 1.31% | +3.45% |
Volatility (6M)Calculated over the trailing 6-month period | 12.51% | 4.19% | +8.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 21.57% | 6.25% | +15.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.56% | 5.12% | +17.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.79% | 5.12% | +19.67% |