PSCI vs. FXR

Last updated Jun 4, 2026

PSCI (Invesco S&P SmallCap Industrials ETF) and FXR (First Trust Industrials/Producer Durables AlphaDEX Fund) are both Industrials Equities funds - PSCI tracks the S&P SmallCap 600 Industrials Index while FXR tracks the StrataQuant Industrials Index. Both are passively managed. Over the past 10 years, PSCI returned 14.92%/yr vs 12.70%/yr for FXR. Their correlation of 0.88 suggests significant overlap in exposure. PSCI charges 0.29%/yr vs 0.64%/yr for FXR.

Performance

PSCI vs. FXR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Industrials ETF (PSCI) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCI achieves a 13.72% return, which is significantly higher than FXR's 8.45% return. Over the past 10 years, PSCI has outperformed FXR with an annualized return of 14.92%, while FXR has yielded a comparatively lower 12.70% annualized return.

PSCI

• 1D: -0.49%
• 1M: 0.56%
• YTD: 13.72%
• 6M: 13.66%
• 1Y: 35.33%
• 3Y*: 21.37%
• 5Y*: 13.36%
• 10Y*: 14.92%

FXR

• 1D: -0.51%
• 1M: 1.16%
• YTD: 8.45%
• 6M: 10.07%
• 1Y: 20.53%
• 3Y*: 16.51%
• 5Y*: 8.41%
• 10Y*: 12.70%

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

PSCI vs. FXR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCI Invesco S&P SmallCap Industrials ETF	13.72%	13.50%	16.68%	31.64%	-9.02%	24.44%	12.02%	29.80%	-13.20%	17.52%
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	8.45%	7.56%	16.19%	26.98%	-16.68%	25.07%	12.82%	33.42%	-15.12%	24.20%

Correlation

The correlation between PSCI and FXR is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (5Y) Calculated over the trailing 5-year period	0.91
Correlation (10Y) Calculated over the trailing 10-year period	0.89
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010	0.88

The correlation between PSCI and FXR has been stable across timeframes, ranging from 0.88 to 0.92 - a consistent structural relationship.

PSCI vs. FXR - Sectors Allocation Comparison

Sectors	PSCI	FXR
Industrials	82.9%	70.5%
Technology	7.1%	10.3%
Consumer Cyclical	5.4%	7.5%
Energy	2.1%	-
Basic Materials	0.9%	6.2%
Real Estate	0.7%	-
Healthcare	0.5%	0.7%
Communication Services	0.4%	-
Financial Services	0.0%	3.4%
Consumer Defensive	-	-
Utilities	-	0.7%

Return for Risk

PSCI vs. FXR — Risk / Return Rank

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

PSCI

PSCI Risk / Return Rank: 48
PSCI Sharpe Ratio Rank: 48
PSCI Sortino Ratio Rank: 51
PSCI Omega Ratio Rank: 46
PSCI Calmar Ratio Rank: 48
PSCI Martin Ratio Rank: 49

FXR

FXR Risk / Return Rank: 31
FXR Sharpe Ratio Rank: 30
FXR Sortino Ratio Rank: 32
FXR Omega Ratio Rank: 28
FXR Calmar Ratio Rank: 31
FXR Martin Ratio Rank: 32

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. FXR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Industrials ETF (PSCI) and First Trust Industrials/Producer Durables AlphaDEX Fund (FXR). 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.

	PSCI	FXR	Difference
Sharpe ratio: Return per unit of total volatility	1.69	1.09	+0.60
Sortino ratio: Return per unit of downside risk	2.49	1.71	+0.79
Omega ratio: Gain probability vs. loss probability	1.29	1.19	+0.10
Calmar ratio: Return relative to maximum drawdown	2.39	1.51	+0.88
Martin ratio: Return relative to average drawdown	8.11	4.82	+3.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCI vs. FXR - Sharpe Ratio Comparison

The current PSCI Sharpe Ratio is 1.69, which is higher than the FXR Sharpe Ratio of 1.09. The chart below compares the historical Sharpe Ratios of PSCI and FXR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSCI	FXR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.69	1.09	+0.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.41	+0.17
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.59	0.58	+0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.57	0.37	+0.20

Drawdowns

PSCI vs. FXR - Drawdown Comparison

The maximum PSCI drawdown since its inception was -45.55%, smaller than the maximum FXR drawdown of -63.81%. Use the drawdown chart below to compare losses from any high point for PSCI and FXR.

Drawdown Indicators

	PSCI	FXR	Difference
Max Drawdown Largest peak-to-trough decline	-45.55%	-63.81%	+18.26%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-13.66%	-1.22%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-26.65%	-2.71%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-26.85%	-2.51%
Max Drawdown (10Y) Largest decline over 10 years	-45.55%	-44.71%	-0.84%
Current Drawdown Current decline from peak	-2.90%	-5.35%	+2.45%
Average Drawdown Average peak-to-trough decline	-6.91%	-10.35%	+3.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	4.27%	+0.10%

Volatility

PSCI vs. FXR - Volatility Comparison

Invesco S&P SmallCap Industrials ETF (PSCI) has a higher volatility of 6.10% compared to First Trust Industrials/Producer Durables AlphaDEX Fund (FXR) at 5.52%. This indicates that PSCI's price experiences larger fluctuations and is considered to be riskier than FXR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCI	FXR	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.10%	5.52%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	15.45%	14.61%	+0.84%
Volatility (1Y) Calculated over the trailing 1-year period	21.05%	18.98%	+2.07%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.02%	20.57%	+2.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	21.92%	+3.33%

PSCI vs. FXR - Expense Ratio Comparison

PSCI has a 0.29% expense ratio, which is lower than FXR's 0.64% expense ratio.

Dividends

PSCI vs. FXR - Dividend Comparison

PSCI's dividend yield for the trailing twelve months is around 1.40%, more than FXR's 0.63% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FXR First Trust Industrials/Producer Durables AlphaDEX Fund	0.63%	0.71%	0.72%	0.77%	0.92%	0.52%	1.06%	0.74%	1.18%	0.55%	0.52%	0.62%
PSCI Invesco S&P SmallCap Industrials ETF	1.40%	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 FXR in my portfolio?

With a correlation of 0.91, PSCI and FXR move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, PSCI or FXR?

PSCI has higher volatility (6.10%) compared to FXR (5.52%). In terms of maximum drawdown, PSCI dropped -45.55% vs FXR's -63.81%.

Which ETF is better, PSCI or FXR?

On 10-year performance, PSCI leads with 14.92% vs 12.70% for FXR. On fees, PSCI is cheaper at 0.29% per year. On volatility, FXR has been the lower-risk option at 5.52%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCI or FXR?

Over the 10-year period, PSCI has performed better with a 14.92% return vs 12.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCI or FXR?

PSCI is cheaper with a 0.29% expense ratio, compared with 0.64% for FXR.

Which ETF pays a higher dividend yield, PSCI or FXR?

PSCI has the higher dividend yield at 1.40%, compared with 0.63% for FXR.

What is the main difference between PSCI and FXR?

PSCI tracks S&P SmallCap 600 Industrials Index, while FXR tracks StrataQuant Industrials Index. They also come from different issuers: Invesco and First Trust. Their fees differ too: 0.29% for PSCI and 0.64% for FXR.

Which has better risk-adjusted returns?

PSCI currently has the higher Sharpe Ratio (1.69 vs 1.09), 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.