PSCI vs. XAR
Compare and contrast key facts about Invesco S&P SmallCap Industrials ETF (PSCI) and SPDR S&P Aerospace & Defense ETF (XAR).
PSCI and XAR 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. XAR is a passively managed fund by State Street that tracks the performance of the S&P Aerospace & Defense Select Industry. It was launched on Sep 28, 2011. Both PSCI and XAR 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 XAR.
Key characteristics
| PSCI | XAR | |
|---|---|---|
| YTD Return | 26.54% | 24.88% |
| 1Y Return | 50.37% | 41.58% |
| 3Y Return (Ann) | 13.14% | 11.04% |
| 5Y Return (Ann) | 16.28% | 9.66% |
| 10Y Return (Ann) | 13.36% | 13.56% |
| Sharpe Ratio | 2.27 | 2.53 |
| Sortino Ratio | 3.21 | 3.40 |
| Omega Ratio | 1.39 | 1.43 |
| Calmar Ratio | 5.11 | 3.76 |
| Martin Ratio | 13.00 | 15.40 |
| Ulcer Index | 3.78% | 2.76% |
| Daily Std Dev | 21.64% | 16.83% |
| Max Drawdown | -45.55% | -46.37% |
| Current Drawdown | 0.00% | 0.00% |
Correlation
The correlation between PSCI and XAR is 0.75, 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. XAR - Performance Comparison
In the year-to-date period, PSCI achieves a 26.54% return, which is significantly higher than XAR's 24.88% return. Both investments have delivered pretty close results over the past 10 years, with PSCI having a 13.36% annualized return and XAR not far ahead at 13.56%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSCI vs. XAR - Expense Ratio Comparison
PSCI has a 0.29% expense ratio, which is lower than XAR's 0.35% expense ratio.
Risk-Adjusted Performance
PSCI vs. XAR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Industrials ETF (PSCI) and SPDR S&P Aerospace & Defense ETF (XAR). 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. XAR - Dividend Comparison
PSCI's dividend yield for the trailing twelve months is around 0.64%, more than XAR's 0.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCI Invesco S&P SmallCap Industrials ETF | 0.64% | 0.72% | 0.87% | 0.69% | 0.59% | 0.64% | 0.67% | 0.71% | 0.74% | 1.02% | 0.81% | 0.47% |
XAR SPDR S&P Aerospace & Defense ETF | 0.52% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% | 1.96% |
Drawdowns
PSCI vs. XAR - Drawdown Comparison
The maximum PSCI drawdown since its inception was -45.55%, roughly equal to the maximum XAR drawdown of -46.37%. Use the drawdown chart below to compare losses from any high point for PSCI and XAR. For additional features, visit the drawdowns tool.
Volatility
PSCI vs. XAR - Volatility Comparison
Invesco S&P SmallCap Industrials ETF (PSCI) has a higher volatility of 7.99% compared to SPDR S&P Aerospace & Defense ETF (XAR) at 7.10%. This indicates that PSCI's price experiences larger fluctuations and is considered to be riskier than XAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.