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PSCM vs. AIRR
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PSCM and AIRR is 0.76, 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.


-0.50.00.51.00.8

Performance

PSCM vs. AIRR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Materials ETF (PSCM) and First Trust RBA American Industrial Renaissance ETF (AIRR). The values are adjusted to include any dividend payments, if applicable.

100.00%150.00%200.00%250.00%300.00%350.00%JulyAugustSeptemberOctoberNovemberDecember
85.47%
306.33%
PSCM
AIRR

Key characteristics

Sharpe Ratio

PSCM:

0.14

AIRR:

1.57

Sortino Ratio

PSCM:

0.36

AIRR:

2.20

Omega Ratio

PSCM:

1.04

AIRR:

1.27

Calmar Ratio

PSCM:

0.22

AIRR:

3.74

Martin Ratio

PSCM:

0.56

AIRR:

8.75

Ulcer Index

PSCM:

5.55%

AIRR:

4.30%

Daily Std Dev

PSCM:

22.76%

AIRR:

23.99%

Max Drawdown

PSCM:

-51.34%

AIRR:

-42.37%

Current Drawdown

PSCM:

-13.93%

AIRR:

-9.37%

Returns By Period

In the year-to-date period, PSCM achieves a 0.82% return, which is significantly lower than AIRR's 35.06% return. Over the past 10 years, PSCM has underperformed AIRR with an annualized return of 7.00%, while AIRR has yielded a comparatively higher 15.86% annualized return.


PSCM

YTD

0.82%

1M

-10.02%

6M

0.08%

1Y

1.55%

5Y*

10.59%

10Y*

7.00%

AIRR

YTD

35.06%

1M

-5.64%

6M

13.21%

1Y

35.80%

5Y*

21.90%

10Y*

15.86%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


PSCM vs. AIRR - Expense Ratio Comparison

PSCM has a 0.29% expense ratio, which is lower than AIRR's 0.70% expense ratio.


AIRR
First Trust RBA American Industrial Renaissance ETF
Expense ratio chart for AIRR: current value at 0.70% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.70%
Expense ratio chart for PSCM: current value at 0.29% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.29%

Risk-Adjusted Performance

PSCM vs. AIRR - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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.


Sharpe ratio
The chart of Sharpe ratio for PSCM, currently valued at 0.14, compared to the broader market0.002.004.000.141.57
The chart of Sortino ratio for PSCM, currently valued at 0.36, compared to the broader market-2.000.002.004.006.008.0010.000.362.20
The chart of Omega ratio for PSCM, currently valued at 1.04, compared to the broader market0.501.001.502.002.503.001.041.27
The chart of Calmar ratio for PSCM, currently valued at 0.22, compared to the broader market0.005.0010.0015.000.223.74
The chart of Martin ratio for PSCM, currently valued at 0.56, compared to the broader market0.0020.0040.0060.0080.00100.000.568.75
PSCM
AIRR

The current PSCM Sharpe Ratio is 0.14, which is lower than the AIRR Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of PSCM and AIRR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.000.501.001.502.002.503.003.50JulyAugustSeptemberOctoberNovemberDecember
0.14
1.57
PSCM
AIRR

Dividends

PSCM vs. AIRR - Dividend Comparison

PSCM's dividend yield for the trailing twelve months is around 0.56%, more than AIRR's 0.24% yield.


TTM20232022202120202019201820172016201520142013
PSCM
Invesco S&P SmallCap Materials ETF
0.56%0.81%0.93%0.67%1.56%1.14%1.25%0.62%0.76%1.33%0.85%0.52%
AIRR
First Trust RBA American Industrial Renaissance ETF
0.18%0.23%0.12%0.05%0.10%0.20%0.43%0.30%0.08%0.47%0.37%0.00%

Drawdowns

PSCM vs. AIRR - Drawdown Comparison

The maximum PSCM drawdown since its inception was -51.34%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for PSCM and AIRR. For additional features, visit the drawdowns tool.


-14.00%-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-13.93%
-9.37%
PSCM
AIRR

Volatility

PSCM vs. AIRR - Volatility Comparison

The current volatility for Invesco S&P SmallCap Materials ETF (PSCM) is 5.72%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 6.15%. This indicates that PSCM experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


4.00%6.00%8.00%10.00%12.00%JulyAugustSeptemberOctoberNovemberDecember
5.72%
6.15%
PSCM
AIRR
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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