PSCI vs. PSCF

Last updated Jun 23, 2026

PSCI (Invesco S&P SmallCap Industrials ETF) and PSCF (Invesco S&P SmallCap Financials ETF) are both exchange-traded funds - PSCI is a Industrials Equities fund tracking the S&P SmallCap 600 Industrials Index, while PSCF is a Financials Equities fund tracking the S&P SmallCap 600 Financials Index. Both are passively managed. Over the past 10 years, PSCI returned 16.02%/yr vs 7.84%/yr for PSCF. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.29% expense ratio.

Performance

PSCI vs. PSCF - Performance Comparison

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

Returns By Period

In the year-to-date period, PSCI achieves a 20.86% return, which is significantly higher than PSCF's 11.50% return. Over the past 10 years, PSCI has outperformed PSCF with an annualized return of 16.02%, while PSCF has yielded a comparatively lower 7.84% annualized return.

PSCI

• 1D: 0.55%
• 1M: 7.77%
• YTD: 20.86%
• 6M: 17.66%
• 1Y: 45.26%
• 3Y*: 23.19%
• 5Y*: 15.51%
• 10Y*: 16.02%

PSCF

• 1D: 0.34%
• 1M: 3.42%
• YTD: 11.50%
• 6M: 9.11%
• 1Y: 23.90%
• 3Y*: 19.36%
• 5Y*: 4.49%
• 10Y*: 7.84%

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

PSCI vs. PSCF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCI Invesco S&P SmallCap Industrials ETF	20.86%	13.50%	16.68%	31.64%	-9.02%	24.44%	12.02%	29.80%	-13.20%	17.52%
PSCF Invesco S&P SmallCap Financials ETF	11.50%	6.19%	15.50%	6.02%	-19.34%	27.82%	-9.07%	23.13%	-8.43%	6.71%

Correlation

The correlation between PSCI and PSCF is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.73
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.81
Correlation (10Y) Calculated over the trailing 10-year period	0.80
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.80

The correlation between PSCI and PSCF has been stable across timeframes, ranging from 0.73 to 0.81 - a consistent structural relationship.

PSCI vs. PSCF - Sectors Allocation Comparison

Sectors	PSCI	PSCF
Industrials	83.2%	0.4%
Technology	6.9%	3.5%
Consumer Cyclical	5.2%	-
Energy	1.8%	-
Real Estate	0.9%	28.8%
Basic Materials	0.9%	-
Healthcare	0.5%	-
Communication Services	0.3%	-
Financial Services	0.1%	67.3%
Consumer Defensive	-	-
Utilities	-	-

Return for Risk

PSCI vs. PSCF — Risk / Return Rank

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

PSCI

PSCI Risk / Return Rank: 64
PSCI Sharpe Ratio Rank: 68
PSCI Sortino Ratio Rank: 69
PSCI Omega Ratio Rank: 60
PSCI Calmar Ratio Rank: 63
PSCI Martin Ratio Rank: 60

PSCF

PSCF Risk / Return Rank: 42
PSCF Sharpe Ratio Rank: 40
PSCF Sortino Ratio Rank: 41
PSCF Omega Ratio Rank: 38
PSCF Calmar Ratio Rank: 50
PSCF Martin Ratio Rank: 41

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. PSCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Industrials ETF (PSCI) and Invesco S&P SmallCap Financials ETF (PSCF). 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	PSCF	Difference
Sharpe ratio: Return per unit of total volatility	2.13	1.37	+0.76
Sortino ratio: Return per unit of downside risk	3.03	2.01	+1.02
Omega ratio: Gain probability vs. loss probability	1.36	1.25	+0.11
Calmar ratio: Return relative to maximum drawdown	3.06	2.42	+0.64
Martin ratio: Return relative to average drawdown	10.40	6.45	+3.95

PSCI vs. PSCF - Sharpe Ratio Comparison

The current PSCI Sharpe Ratio is 2.13, which is higher than the PSCF Sharpe Ratio of 1.37. The chart below compares the historical Sharpe Ratios of PSCI and PSCF, 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. PSCF - Drawdown Comparison

The maximum PSCI drawdown since its inception was -45.55%, roughly equal to the maximum PSCF drawdown of -45.46%. Use the drawdown chart below to compare losses from any high point for PSCI and PSCF.

Drawdown Indicators

	PSCI	PSCF	Difference
Max Drawdown Largest peak-to-trough decline	-45.55%	-45.46%	-0.09%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-9.91%	-4.97%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-24.34%	-5.02%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-36.77%	+7.41%
Max Drawdown (10Y) Largest decline over 10 years	-45.55%	-45.46%	-0.09%
Current Drawdown Current decline from peak	0.00%	-0.41%	+0.41%
Average Drawdown Average peak-to-trough decline	-6.89%	-8.57%	+1.68%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	3.71%	+0.66%

Volatility

PSCI vs. PSCF - Volatility Comparison

Invesco S&P SmallCap Industrials ETF (PSCI) has a higher volatility of 5.39% compared to Invesco S&P SmallCap Financials ETF (PSCF) at 4.56%. This indicates that PSCI's price experiences larger fluctuations and is considered to be riskier than PSCF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCI	PSCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.39%	4.56%	+0.83%
Volatility (6M) Calculated over the trailing 6-month period	15.69%	11.93%	+3.76%
Volatility (1Y) Calculated over the trailing 1-year period	21.40%	17.53%	+3.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.99%	22.42%	+0.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.29%	24.81%	+0.48%

PSCI vs. PSCF - Expense Ratio Comparison

Both PSCI and PSCF have an expense ratio of 0.29%.

Dividends

PSCI vs. PSCF - Dividend Comparison

PSCI's dividend yield for the trailing twelve months is around 1.42%, less than PSCF's 2.78% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCF Invesco S&P SmallCap Financials ETF	2.25%	2.09%	2.48%	3.32%	2.93%	1.83%	3.57%	4.27%	4.21%	2.26%	3.01%	2.37%
PSCI Invesco S&P SmallCap Industrials ETF	1.31%	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 PSCF in my portfolio?

PSCI and PSCF have a correlation of 0.73, 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 PSCF?

PSCI has higher volatility (5.39%) compared to PSCF (4.56%). In terms of maximum drawdown, PSCI dropped -45.55% vs PSCF's -45.46%.

Which ETF is better, PSCI or PSCF?

On 10-year performance, PSCI leads with 16.02% vs 7.84% for PSCF. Both ETFs have the same 0.29% expense ratio. On volatility, PSCF has been the lower-risk option at 4.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCI or PSCF?

Over the 10-year period, PSCI has performed better with a 16.02% return vs 7.84%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCI or PSCF?

PSCI and PSCF have the same expense ratio: 0.29% per year.

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

PSCF has the higher dividend yield at 2.78%, compared with 1.42% for PSCI.

What is the main difference between PSCI and PSCF?

PSCI is categorized as Industrials Equities, while PSCF is Financials Equities. PSCI tracks S&P SmallCap 600 Industrials Index, while PSCF tracks S&P SmallCap 600 Financials Index.

Which has better risk-adjusted returns?

PSCI currently has the higher Sharpe Ratio (2.13 vs 1.37), 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.