PSCH vs. XBI
Compare and contrast key facts about Invesco S&P SmallCap Health Care ETF (PSCH) and SPDR S&P Biotech ETF (XBI).
PSCH and XBI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCH is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Health Care Index. It was launched on Apr 7, 2010. XBI is a passively managed fund by State Street that tracks the performance of the S&P Biotechnology Select Industry Index. It was launched on Feb 6, 2006. Both PSCH and XBI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCH or XBI.
Key characteristics
| PSCH | XBI | |
|---|---|---|
| YTD Return | 10.81% | 12.16% |
| 1Y Return | 27.29% | 41.26% |
| 3Y Return (Ann) | -9.25% | -7.51% |
| 5Y Return (Ann) | 3.58% | 3.45% |
| 10Y Return (Ann) | 9.47% | 6.20% |
| Sharpe Ratio | 1.57 | 1.85 |
| Sortino Ratio | 2.41 | 2.58 |
| Omega Ratio | 1.28 | 1.30 |
| Calmar Ratio | 0.78 | 0.82 |
| Martin Ratio | 9.58 | 6.34 |
| Ulcer Index | 3.56% | 7.71% |
| Daily Std Dev | 21.70% | 26.45% |
| Max Drawdown | -47.32% | -63.89% |
| Current Drawdown | -28.20% | -42.41% |
Correlation
The correlation between PSCH and XBI is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PSCH vs. XBI - Performance Comparison
In the year-to-date period, PSCH achieves a 10.81% return, which is significantly lower than XBI's 12.16% return. Over the past 10 years, PSCH has outperformed XBI with an annualized return of 9.47%, while XBI has yielded a comparatively lower 6.20% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSCH vs. XBI - Expense Ratio Comparison
PSCH has a 0.29% expense ratio, which is lower than XBI's 0.35% expense ratio.
Risk-Adjusted Performance
PSCH vs. XBI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Health Care ETF (PSCH) and SPDR S&P Biotech ETF (XBI). 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.
Dividends
PSCH vs. XBI - Dividend Comparison
PSCH's dividend yield for the trailing twelve months is around 0.22%, more than XBI's 0.14% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCH Invesco S&P SmallCap Health Care ETF | 0.22% | 0.01% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 1.02% | 0.03% |
XBI SPDR S&P Biotech ETF | 0.14% | 0.02% | 0.00% | 0.04% | 0.20% | 0.00% | 0.28% | 0.24% | 0.26% | 0.61% | 1.07% | 0.17% |
Drawdowns
PSCH vs. XBI - Drawdown Comparison
The maximum PSCH drawdown since its inception was -47.32%, smaller than the maximum XBI drawdown of -63.89%. Use the drawdown chart below to compare losses from any high point for PSCH and XBI. For additional features, visit the drawdowns tool.
Volatility
PSCH vs. XBI - Volatility Comparison
Invesco S&P SmallCap Health Care ETF (PSCH) has a higher volatility of 7.57% compared to SPDR S&P Biotech ETF (XBI) at 5.91%. This indicates that PSCH's price experiences larger fluctuations and is considered to be riskier than XBI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.