PSCI vs. AIRR
Compare and contrast key facts about Invesco S&P SmallCap Industrials ETF (PSCI) and First Trust RBA American Industrial Renaissance ETF (AIRR).
PSCI and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCI is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Industrials Index. It was launched on Apr 7, 2010. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both PSCI and AIRR 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: PSCI or AIRR.
Correlation
The correlation between PSCI and AIRR is 0.88, 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
PSCI vs. AIRR - Performance Comparison
Key characteristics
PSCI:
0.91
AIRR:
1.57
PSCI:
1.43
AIRR:
2.20
PSCI:
1.17
AIRR:
1.27
PSCI:
2.01
AIRR:
3.74
PSCI:
4.82
AIRR:
8.75
PSCI:
4.01%
AIRR:
4.30%
PSCI:
21.29%
AIRR:
23.99%
PSCI:
-45.55%
AIRR:
-42.37%
PSCI:
-9.38%
AIRR:
-9.37%
Returns By Period
In the year-to-date period, PSCI achieves a 17.38% return, which is significantly lower than AIRR's 35.06% return. Over the past 10 years, PSCI has underperformed AIRR with an annualized return of 12.31%, while AIRR has yielded a comparatively higher 15.86% annualized return.
PSCI
17.38%
-4.98%
13.06%
17.66%
14.24%
12.31%
AIRR
35.06%
-5.64%
13.21%
35.80%
21.90%
15.86%
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PSCI vs. AIRR - Expense Ratio Comparison
PSCI has a 0.29% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
PSCI vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Industrials ETF (PSCI) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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
PSCI vs. AIRR - Dividend Comparison
PSCI's dividend yield for the trailing twelve months is around 0.47%, more than AIRR's 0.24% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCI Invesco S&P SmallCap Industrials ETF | 0.47% | 0.72% | 0.87% | 0.69% | 0.59% | 0.64% | 0.67% | 0.71% | 0.74% | 1.02% | 0.81% | 0.47% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% | 0.00% |
Drawdowns
PSCI vs. AIRR - Drawdown Comparison
The maximum PSCI drawdown since its inception was -45.55%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for PSCI and AIRR. For additional features, visit the drawdowns tool.
Volatility
PSCI vs. AIRR - Volatility Comparison
Invesco S&P SmallCap Industrials ETF (PSCI) and First Trust RBA American Industrial Renaissance ETF (AIRR) have volatilities of 6.01% and 6.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.