PSCH vs. COMB
PSCH (Invesco S&P SmallCap Health Care ETF) and COMB (GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF) are both exchange-traded funds - PSCH is a Health & Biotech Equities fund tracking the S&P SmallCap 600 Health Care Index, while COMB is a Commodities fund actively managed by GraniteShares. PSCH is passively managed, while COMB is actively managed. Over the past 5 years, PSCH returned -3.09%/yr vs 9.83%/yr for COMB. At a 0.14 correlation, their price movements are largely independent. PSCH charges 0.29%/yr vs 0.25%/yr for COMB.
Performance
PSCH vs. COMB - Performance Comparison
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Returns By Period
In the year-to-date period, PSCH achieves a 21.67% return, which is significantly higher than COMB's 17.53% return.
PSCH
- 1D
- -1.45%
- 1M
- 12.17%
- 6M
- 18.37%
- YTD
- 21.67%
- 1Y
- 34.11%
- 3Y*
- 7.11%
- 5Y*
- -3.09%
- 10Y*
- 8.26%
COMB
- 1D
- 0.00%
- 1M
- -1.59%
- 6M
- 14.82%
- YTD
- 17.53%
- 1Y
- 25.91%
- 3Y*
- 11.95%
- 5Y*
- 9.83%
- 10Y*
- —
PSCH vs. COMB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCH Invesco S&P SmallCap Health Care ETF | 21.67% | -0.49% | 3.77% | -2.71% | -25.15% | 5.75% | 31.47% | 20.17% | 9.15% | 21.11% |
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 17.53% | 15.12% | 5.24% | -7.75% | 14.56% | 26.34% | -2.95% | 7.02% | -11.41% | 4.98% |
Correlation
The correlation between PSCH and COMB is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.03 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since May 24, 2017 | 0.14 |
The correlation between PSCH and COMB shifts across timeframes, from -0.12 (1 year) to 0.14 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
PSCH vs. COMB — Risk / Return Rank
PSCH
COMB
PSCH vs. COMB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Health Care ETF (PSCH) and GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB). 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.
| PSCH | COMB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.26 | 1.28 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.01 | 1.82 | +0.18 |
| Martin ratioReturn relative to average drawdown | 6.26 | 6.14 | +0.12 |
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Drawdowns
PSCH vs. COMB - Drawdown Comparison
The maximum PSCH drawdown since its inception was -46.32%, which is greater than COMB's maximum drawdown of -33.50%. Use the drawdown chart below to compare losses from any high point for PSCH and COMB.
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Drawdown Indicators
| PSCH | COMB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.32% | -33.50% | -12.82% |
Max Drawdown (1Y)Largest decline over 1 year | -15.36% | -14.84% | -0.52% |
Max Drawdown (3Y)Largest decline over 3 years | -22.98% | -14.84% | -8.14% |
Max Drawdown (5Y)Largest decline over 5 years | -45.37% | -26.63% | -18.74% |
Max Drawdown (10Y)Largest decline over 10 years | -46.32% | — | — |
Current DrawdownCurrent decline from peak | -17.05% | -11.35% | -5.70% |
Average DrawdownAverage peak-to-trough decline | -13.51% | -12.05% | -1.46% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.08% | 4.40% | +0.68% |
Volatility
PSCH vs. COMB - Volatility Comparison
Invesco S&P SmallCap Health Care ETF (PSCH) has a higher volatility of 4.77% compared to GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF (COMB) at 4.24%. This indicates that PSCH's price experiences larger fluctuations and is considered to be riskier than COMB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCH | COMB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.77% | 4.24% | +0.53% |
Volatility (6M)Calculated over the trailing 6-month period | 14.61% | 15.09% | -0.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.57% | 17.38% | +3.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.01% | 16.69% | +6.32% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.62% | 15.15% | +8.47% |
PSCH vs. COMB - Expense Ratio Comparison
PSCH has a 0.29% expense ratio, which is higher than COMB's 0.25% expense ratio.
Dividends
PSCH vs. COMB - Dividend Comparison
PSCH's dividend yield for the trailing twelve months is around 0.01%, less than COMB's 7.70% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
COMB GraniteShares Bloomberg Commodity Broad Strategy No K-1 ETF | 7.70% | 9.05% | 2.48% | 6.57% | 30.85% | 15.83% | 0.07% | 1.48% | 0.97% | 0.20% | 0.00% |
PSCH Invesco S&P SmallCap Health Care ETF | 0.01% | 0.04% | 0.27% | 0.01% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Frequently Asked Questions
PSCH and COMB have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSCH has higher volatility (4.77%) compared to COMB (4.24%). In terms of maximum drawdown, PSCH dropped -46.32% vs COMB's -33.50%.
On 5-year performance, COMB leads with 9.83% vs -3.09% for PSCH. On fees, COMB is cheaper at 0.25% per year. On volatility, COMB has been the lower-risk option at 4.24%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, COMB has performed better with a 9.83% return vs -3.09%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
COMB is cheaper with a 0.25% expense ratio, compared with 0.29% for PSCH.
COMB has the higher dividend yield at 7.70%, compared with 0.01% for PSCH.
PSCH is categorized as Health & Biotech Equities, while COMB is Commodities. They also come from different issuers: Invesco and GraniteShares. Their fees differ too: 0.29% for PSCH and 0.25% for COMB.
COMB currently has the higher Sharpe Ratio (1.56 vs 1.50), 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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