PSCI vs. COLD

Last updated Jun 24, 2026

PSCI (Invesco S&P SmallCap Industrials ETF) is Industrials Equities fund tracking the S&P SmallCap 600 Industrials Index, while COLD (Americold Realty Trust) is a stock. Over the past 5 years, PSCI returned 14.78%/yr vs -14.65%/yr for COLD. At a 0.36 correlation, their price movements are largely independent.

Performance

PSCI vs. COLD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Industrials ETF (PSCI) and Americold Realty Trust (COLD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCI achieves a 18.77% return, which is significantly higher than COLD's 11.89% return.

PSCI

• 1D: -1.73%
• 1M: 5.91%
• YTD: 18.77%
• 6M: 15.85%
• 1Y: 40.48%
• 3Y*: 22.48%
• 5Y*: 14.78%
• 10Y*: 15.82%

COLD

• 1D: 0.93%
• 1M: -4.79%
• YTD: 11.89%
• 6M: 20.01%
• 1Y: -10.68%
• 3Y*: -19.38%
• 5Y*: -14.65%
• 10Y*: —

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

PSCI vs. COLD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
PSCI Invesco S&P SmallCap Industrials ETF	18.77%	13.50%	16.68%	31.64%	-9.02%	24.44%	12.02%	29.80%	-14.90%
COLD Americold Realty Trust	11.89%	-36.17%	-26.72%	10.11%	-10.89%	-9.89%	9.03%	40.61%	50.55%

Correlation

The correlation between PSCI and COLD is 0.38, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.38
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.43
Correlation (All Time) Calculated using the full available price history since Jan 19, 2018	0.36

Return for Risk

PSCI vs. COLD — Risk / Return Rank

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

PSCI

PSCI Risk / Return Rank: 59
PSCI Sharpe Ratio Rank: 61
PSCI Sortino Ratio Rank: 63
PSCI Omega Ratio Rank: 55
PSCI Calmar Ratio Rank: 59
PSCI Martin Ratio Rank: 56

COLD

COLD Risk / Return Rank: 32
COLD Sharpe Ratio Rank: 33
COLD Sortino Ratio Rank: 31
COLD Omega Ratio Rank: 30
COLD Calmar Ratio Rank: 35
COLD Martin Ratio Rank: 34

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.

PSCI vs. COLD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Industrials ETF (PSCI) and Americold Realty Trust (COLD). 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.

	PSCI	COLD	Difference
Sharpe ratio: Return per unit of total volatility	1.90	-0.24	+2.14
Sortino ratio: Return per unit of downside risk	2.75	-0.05	+2.81
Omega ratio: Gain probability vs. loss probability	1.32	0.99	+0.33
Calmar ratio: Return relative to maximum drawdown	2.73	-0.27	+3.00
Martin ratio: Return relative to average drawdown	9.29	-0.49	+9.78

PSCI vs. COLD - Sharpe Ratio Comparison

The current PSCI Sharpe Ratio is 1.90, which is higher than the COLD Sharpe Ratio of -0.24. The chart below compares the historical Sharpe Ratios of PSCI and COLD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PSCI vs. COLD - Drawdown Comparison

The maximum PSCI drawdown since its inception was -45.55%, smaller than the maximum COLD drawdown of -70.76%. Use the drawdown chart below to compare losses from any high point for PSCI and COLD.

Drawdown Indicators

	PSCI	COLD	Difference
Max Drawdown Largest peak-to-trough decline	-45.55%	-70.76%	+25.21%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-39.83%	+24.95%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-67.06%	+37.70%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-70.76%	+41.40%
Max Drawdown (10Y) Largest decline over 10 years	-45.55%	—	—
Current Drawdown Current decline from peak	-1.73%	-57.70%	+55.97%
Average Drawdown Average peak-to-trough decline	-6.89%	-22.49%	+15.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	21.89%	-17.52%

Volatility

PSCI vs. COLD - Volatility Comparison

The current volatility for Invesco S&P SmallCap Industrials ETF (PSCI) is 5.81%, while Americold Realty Trust (COLD) has a volatility of 9.96%. This indicates that PSCI experiences smaller price fluctuations and is considered to be less risky than COLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCI	COLD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	9.96%	-4.15%
Volatility (6M) Calculated over the trailing 6-month period	15.80%	33.53%	-17.73%
Volatility (1Y) Calculated over the trailing 1-year period	21.44%	44.97%	-23.53%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.00%	33.05%	-10.05%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	32.17%	-6.92%

Dividends

PSCI vs. COLD - Dividend Comparison

PSCI's dividend yield for the trailing twelve months is around 1.33%, less than COLD's 6.52% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
COLD Americold Realty Trust	6.52%	7.15%	4.11%	2.91%	3.11%	2.68%	2.25%	2.28%	2.75%	0.00%	0.00%	0.00%
PSCI Invesco S&P SmallCap Industrials ETF	1.33%	1.56%	0.65%	0.72%	0.87%	0.69%	0.59%	0.64%	0.67%	0.71%	0.74%	1.02%

Frequently Asked Questions

Can I hold both PSCI and COLD in my portfolio?

PSCI and COLD have a correlation of 0.38, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCI or COLD?

COLD has higher volatility (9.96%) compared to PSCI (5.81%). In terms of maximum drawdown, PSCI dropped -45.55% vs COLD's -70.76%.

Which has better risk-adjusted returns?

PSCI currently has the higher Sharpe Ratio (1.90 vs -0.24), 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.