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.
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
Key characteristics
PSCI:
-0.52
XAR:
0.29
PSCI:
-0.59
XAR:
0.53
PSCI:
0.93
XAR:
1.07
PSCI:
-0.45
XAR:
0.32
PSCI:
-1.55
XAR:
1.38
PSCI:
7.74%
XAR:
4.62%
PSCI:
23.32%
XAR:
21.94%
PSCI:
-45.55%
XAR:
-46.37%
PSCI:
-26.97%
XAR:
-19.73%
Returns By Period
In the year-to-date period, PSCI achieves a -18.93% return, which is significantly lower than XAR's -12.49% return. Over the past 10 years, PSCI has underperformed XAR with an annualized return of 9.58%, while XAR has yielded a comparatively higher 10.42% annualized return.
PSCI
-18.93%
-13.45%
-16.30%
-11.39%
21.22%
9.58%
XAR
-12.49%
-11.84%
-8.63%
6.52%
16.02%
10.42%
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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 Rank
PSCI
XAR
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 0.81%, more than XAR's 0.78% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCI Invesco S&P SmallCap Industrials ETF | 0.81% | 0.65% | 0.72% | 0.87% | 0.69% | 0.59% | 0.64% | 0.67% | 0.71% | 0.74% | 1.02% | 0.81% |
XAR SPDR S&P Aerospace & Defense ETF | 0.78% | 0.66% | 0.54% | 0.50% | 0.83% | 0.63% | 0.75% | 1.19% | 0.76% | 1.10% | 2.31% | 1.07% |
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) and SPDR S&P Aerospace & Defense ETF (XAR) have volatilities of 11.05% and 11.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.