PSCH vs. GERM

Last updated Jun 4, 2026

PSCH (Invesco S&P SmallCap Health Care ETF) and GERM (Amplify Treatments, Testing and Advancements ETF) are both Health & Biotech Equities funds - PSCH tracks the S&P SmallCap 600 Health Care Index while GERM tracks the Prime Treatments, Testing and Advancements Index. Both are passively managed. Over the past year, PSCH returned 10.18% vs 0.00% for GERM. PSCH charges 0.29%/yr vs 0.68%/yr for GERM.

Performance

PSCH vs. GERM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Health Care ETF (PSCH) and Amplify Treatments, Testing and Advancements ETF (GERM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PSCH

• 1D: 1.28%
• 1M: -0.71%
• YTD: 1.80%
• 6M: -1.68%
• 1Y: 10.18%
• 3Y*: 0.45%
• 5Y*: -5.72%
• 10Y*: 6.81%

GERM

• 1D: 0.00%
• 1M: 0.00%
• YTD: 0.00%
• 6M: 0.00%
• 1Y: 0.00%
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PSCH vs. GERM - Yearly Performance Comparison

	2026 (YTD)	2025	2024
PSCH Invesco S&P SmallCap Health Care ETF	1.80%	-0.49%	-2.06%
GERM Amplify Treatments, Testing and Advancements ETF	0.00%	0.00%	0.00%

PSCH vs. GERM - Sectors Allocation Comparison

Sectors	PSCH	GERM
Healthcare	97.3%	99.3%
Technology	1.7%	-
Financial Services	1.1%	0.4%
Industrials	0.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PSCH vs. GERM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSCH

PSCH Risk / Return Rank: 17
PSCH Sharpe Ratio Rank: 17
PSCH Sortino Ratio Rank: 17
PSCH Omega Ratio Rank: 17
PSCH Calmar Ratio Rank: 17
PSCH Martin Ratio Rank: 18

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PSCH vs. GERM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Health Care ETF (PSCH) and Amplify Treatments, Testing and Advancements ETF (GERM). 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.

	PSCH	GERM	Difference
Sharpe ratio: Return per unit of total volatility	0.51	—	—
Sortino ratio: Return per unit of downside risk	0.87	—	—
Omega ratio: Gain probability vs. loss probability	1.10	—	—
Calmar ratio: Return relative to maximum drawdown	0.67	—	—
Martin ratio: Return relative to average drawdown	1.84	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSCH	GERM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.51	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.25	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.29	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.51	—	—

Drawdowns

PSCH vs. GERM - Drawdown Comparison

The maximum PSCH drawdown since its inception was -46.32%, which is greater than GERM's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for PSCH and GERM.

Drawdown Indicators

	PSCH	GERM	Difference
Max Drawdown Largest peak-to-trough decline	-46.32%	0.00%	-46.32%
Max Drawdown (1Y) Largest decline over 1 year	-15.36%	0.00%	-15.36%
Max Drawdown (3Y) Largest decline over 3 years	-22.98%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-46.32%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-46.32%	—	—
Current Drawdown Current decline from peak	-30.59%	0.00%	-30.59%
Average Drawdown Average peak-to-trough decline	-13.46%	0.00%	-13.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.54%	0.00%	+5.54%

Volatility

PSCH vs. GERM - Volatility Comparison

Invesco S&P SmallCap Health Care ETF (PSCH) has a higher volatility of 4.19% compared to Amplify Treatments, Testing and Advancements ETF (GERM) at 0.00%. This indicates that PSCH's price experiences larger fluctuations and is considered to be riskier than GERM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCH	GERM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.19%	0.00%	+4.19%
Volatility (6M) Calculated over the trailing 6-month period	14.06%	0.00%	+14.06%
Volatility (1Y) Calculated over the trailing 1-year period	20.26%	0.00%	+20.26%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.89%	0.00%	+22.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.63%	0.00%	+23.63%

PSCH vs. GERM - Expense Ratio Comparison

PSCH has a 0.29% expense ratio, which is lower than GERM's 0.68% expense ratio.

Dividends

PSCH vs. GERM - Dividend Comparison

PSCH's dividend yield for the trailing twelve months is around 0.01%, while GERM has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
GERM Amplify Treatments, Testing and Advancements ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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

Which is riskier, PSCH or GERM?

PSCH has higher volatility (4.19%) compared to GERM (0.00%). In terms of maximum drawdown, PSCH dropped -46.32% vs GERM's 0.00%.

Which ETF is better, PSCH or GERM?

On 1-year performance, PSCH leads with 10.18% vs 0.00% for GERM. On fees, PSCH is cheaper at 0.29% per year. On volatility, GERM has been the lower-risk option at 0.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCH or GERM?

Over the 1-year period, PSCH has performed better with a 10.18% return vs 0.00%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCH or GERM?

PSCH is cheaper with a 0.29% expense ratio, compared with 0.68% for GERM.

Which ETF pays a higher dividend yield, PSCH or GERM?

PSCH has the higher dividend yield at 0.01%, compared with 0.00% for GERM.

What is the main difference between PSCH and GERM?

PSCH tracks S&P SmallCap 600 Health Care Index, while GERM tracks Prime Treatments, Testing and Advancements Index. They also come from different issuers: Invesco and Amplify. Their fees differ too: 0.29% for PSCH and 0.68% for GERM.