PSCI vs. PSCM

Last updated Jun 24, 2026

PSCI (Invesco S&P SmallCap Industrials ETF) and PSCM (Invesco S&P SmallCap Materials ETF) are both exchange-traded funds - PSCI is a Industrials Equities fund tracking the S&P SmallCap 600 Industrials Index, while PSCM is a Materials fund tracking the S&P Small Cap 600 / Materials -SEC. Both are passively managed. Over the past 10 years, PSCI returned 15.82%/yr vs 12.85%/yr for PSCM. A 0.74 correlation means they provide meaningful diversification when combined. Both charge a 0.29% expense ratio.

Performance

PSCI vs. PSCM - 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 Materials ETF (PSCM). 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 lower than PSCM's 23.80% return. Over the past 10 years, PSCI has outperformed PSCM with an annualized return of 15.82%, while PSCM has yielded a comparatively lower 12.85% annualized 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%

PSCM

• 1D: -2.69%
• 1M: 1.68%
• YTD: 23.80%
• 6M: 22.73%
• 1Y: 53.82%
• 3Y*: 18.03%
• 5Y*: 10.65%
• 10Y*: 12.85%

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

PSCI vs. PSCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCI Invesco S&P SmallCap Industrials ETF	18.77%	13.50%	16.68%	31.64%	-9.02%	24.44%	12.02%	29.80%	-13.20%	17.52%
PSCM Invesco S&P SmallCap Materials ETF	23.80%	15.59%	0.67%	19.86%	-6.45%	18.02%	22.18%	21.75%	-23.28%	10.37%

Correlation

The correlation between PSCI and PSCM is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.80
Correlation (5Y) Calculated over the trailing 5-year period	0.82
Correlation (10Y) Calculated over the trailing 10-year period	0.79
Correlation (All Time) Calculated using the full available price history since Apr 7, 2010	0.74

The correlation between PSCI and PSCM shifts across timeframes, from 0.71 (1 year) to 0.82 (5 years), reflecting how their relationship changes across market environments.

PSCI vs. PSCM - Sectors Allocation Comparison

Sectors	PSCI	PSCM
Industrials	83.2%	-
Technology	6.9%	-
Consumer Cyclical	5.2%	1.8%
Energy	1.8%	7.1%
Real Estate	0.9%	-
Basic Materials	0.9%	90.9%
Healthcare	0.5%	-
Communication Services	0.3%	-
Financial Services	0.1%	0.1%
Consumer Defensive	-	-
Utilities	-	-

Return for Risk

PSCI vs. PSCM — 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

PSCM

PSCM Risk / Return Rank: 74
PSCM Sharpe Ratio Rank: 75
PSCM Sortino Ratio Rank: 75
PSCM Omega Ratio Rank: 62
PSCM Calmar Ratio Rank: 78
PSCM Martin Ratio Rank: 78

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. PSCM - 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 Materials ETF (PSCM). 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	PSCM	Difference
Sharpe ratio: Return per unit of total volatility	1.90	2.22	-0.31
Sortino ratio: Return per unit of downside risk	2.75	3.09	-0.34
Omega ratio: Gain probability vs. loss probability	1.32	1.35	-0.03
Calmar ratio: Return relative to maximum drawdown	2.73	3.78	-1.04
Martin ratio: Return relative to average drawdown	9.29	14.00	-4.70

PSCI vs. PSCM - Sharpe Ratio Comparison

The current PSCI Sharpe Ratio is 1.90, which is comparable to the PSCM Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of PSCI and PSCM, 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. PSCM - Drawdown Comparison

The maximum PSCI drawdown since its inception was -45.55%, smaller than the maximum PSCM drawdown of -51.34%. Use the drawdown chart below to compare losses from any high point for PSCI and PSCM.

Drawdown Indicators

	PSCI	PSCM	Difference
Max Drawdown Largest peak-to-trough decline	-45.55%	-51.34%	+5.79%
Max Drawdown (1Y) Largest decline over 1 year	-14.88%	-14.33%	-0.55%
Max Drawdown (3Y) Largest decline over 3 years	-29.36%	-35.36%	+6.00%
Max Drawdown (5Y) Largest decline over 5 years	-29.36%	-35.36%	+6.00%
Max Drawdown (10Y) Largest decline over 10 years	-45.55%	-51.34%	+5.79%
Current Drawdown Current decline from peak	-1.73%	-4.64%	+2.91%
Average Drawdown Average peak-to-trough decline	-6.89%	-10.88%	+3.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.37%	3.86%	+0.51%

Volatility

PSCI vs. PSCM - Volatility Comparison

The current volatility for Invesco S&P SmallCap Industrials ETF (PSCI) is 5.81%, while Invesco S&P SmallCap Materials ETF (PSCM) has a volatility of 8.22%. This indicates that PSCI experiences smaller price fluctuations and is considered to be less risky than PSCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCI	PSCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.81%	8.22%	-2.41%
Volatility (6M) Calculated over the trailing 6-month period	15.80%	17.32%	-1.52%
Volatility (1Y) Calculated over the trailing 1-year period	21.44%	24.46%	-3.02%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.00%	25.83%	-2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.25%	26.89%	-1.64%

PSCI vs. PSCM - Expense Ratio Comparison

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

Dividends

PSCI vs. PSCM - Dividend Comparison

PSCI's dividend yield for the trailing twelve months is around 1.33%, more than PSCM's 0.97% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
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%
PSCM Invesco S&P SmallCap Materials ETF	0.97%	1.17%	0.80%	0.81%	0.93%	0.67%	1.56%	1.14%	1.25%	0.61%	0.76%	1.33%

Frequently Asked Questions

Can I hold both PSCI and PSCM in my portfolio?

PSCI and PSCM have a correlation of 0.71, 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 PSCM?

PSCM has higher volatility (8.22%) compared to PSCI (5.81%). In terms of maximum drawdown, PSCI dropped -45.55% vs PSCM's -51.34%.

Which ETF is better, PSCI or PSCM?

On 10-year performance, PSCI leads with 15.82% vs 12.85% for PSCM. Both ETFs have the same 0.29% expense ratio. On volatility, PSCI has been the lower-risk option at 5.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCI or PSCM?

Over the 10-year period, PSCI has performed better with a 15.82% return vs 12.85%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCI or PSCM?

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

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

PSCI has the higher dividend yield at 1.33%, compared with 0.97% for PSCM.

What is the main difference between PSCI and PSCM?

PSCI is categorized as Industrials Equities, while PSCM is Materials. PSCI tracks S&P SmallCap 600 Industrials Index, while PSCM tracks S&P Small Cap 600 / Materials -SEC.

Which has better risk-adjusted returns?

PSCM currently has the higher Sharpe Ratio (2.22 vs 1.90), 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.