PSCM vs. BENJ

Last updated Jun 24, 2026

PSCM (Invesco S&P SmallCap Materials ETF) and BENJ (Horizon Landmark ETF) are both exchange-traded funds - PSCM is a Materials fund tracking the S&P Small Cap 600 / Materials -SEC, while BENJ is a Ultrashort Bond fund actively managed by Horizon. PSCM is passively managed, while BENJ is actively managed. Over the past year, PSCM returned 53.82% vs 3.79% for BENJ. At a correlation of -0.02, they often move in opposite directions. PSCM charges 0.29%/yr vs 0.40%/yr for BENJ.

Performance

PSCM vs. BENJ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Materials ETF (PSCM) and Horizon Landmark ETF (BENJ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCM achieves a 23.80% return, which is significantly higher than BENJ's 1.64% return.

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%

BENJ

• 1D: 0.03%
• 1M: 0.27%
• YTD: 1.64%
• 6M: 1.75%
• 1Y: 3.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCM vs. BENJ - Yearly Performance Comparison

	2026 (YTD)	2025
PSCM Invesco S&P SmallCap Materials ETF	23.80%	12.99%
BENJ Horizon Landmark ETF	1.64%	3.72%

Correlation

The correlation between PSCM and BENJ is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.06
Correlation (All Time) Calculated using the full available price history since Jan 23, 2025	-0.02

Return for Risk

PSCM vs. BENJ — Risk / Return Rank

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

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

BENJ

BENJ Risk / Return Rank: 98
BENJ Sharpe Ratio Rank: 98
BENJ Sortino Ratio Rank: 98
BENJ Omega Ratio Rank: 99
BENJ Calmar Ratio Rank: 97
BENJ Martin Ratio Rank: 97

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.

PSCM vs. BENJ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and Horizon Landmark ETF (BENJ). 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.

	PSCM	BENJ	Difference
Sharpe ratio: Return per unit of total volatility	2.22	5.65	-3.43
Sortino ratio: Return per unit of downside risk	3.09	9.14	-6.06
Omega ratio: Gain probability vs. loss probability	1.35	4.85	-3.50
Calmar ratio: Return relative to maximum drawdown	3.78	9.74	-5.97
Martin ratio: Return relative to average drawdown	14.00	45.98	-31.98

PSCM vs. BENJ - Sharpe Ratio Comparison

The current PSCM Sharpe Ratio is 2.22, which is lower than the BENJ Sharpe Ratio of 5.65. The chart below compares the historical Sharpe Ratios of PSCM and BENJ, 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

PSCM vs. BENJ - Drawdown Comparison

The maximum PSCM drawdown since its inception was -51.34%, which is greater than BENJ's maximum drawdown of -0.39%. Use the drawdown chart below to compare losses from any high point for PSCM and BENJ.

Drawdown Indicators

	PSCM	BENJ	Difference
Max Drawdown Largest peak-to-trough decline	-51.34%	-0.39%	-50.95%
Max Drawdown (1Y) Largest decline over 1 year	-14.33%	-0.39%	-13.94%
Max Drawdown (3Y) Largest decline over 3 years	-35.36%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-35.36%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-51.34%	—	—
Current Drawdown Current decline from peak	-4.64%	0.00%	-4.64%
Average Drawdown Average peak-to-trough decline	-10.88%	-0.02%	-10.86%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	0.08%	+3.78%

Volatility

PSCM vs. BENJ - Volatility Comparison

Invesco S&P SmallCap Materials ETF (PSCM) has a higher volatility of 8.22% compared to Horizon Landmark ETF (BENJ) at 0.11%. This indicates that PSCM's price experiences larger fluctuations and is considered to be riskier than BENJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCM	BENJ	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	0.11%	+8.11%
Volatility (6M) Calculated over the trailing 6-month period	17.32%	0.25%	+17.07%
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	0.67%	+23.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.83%	0.60%	+25.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.89%	0.60%	+26.29%

PSCM vs. BENJ - Expense Ratio Comparison

PSCM has a 0.29% expense ratio, which is lower than BENJ's 0.40% expense ratio.

Dividends

PSCM vs. BENJ - Dividend Comparison

PSCM's dividend yield for the trailing twelve months is around 0.97%, while BENJ has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BENJ Horizon Landmark ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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 PSCM and BENJ in my portfolio?

PSCM and BENJ have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCM or BENJ?

PSCM has higher volatility (8.22%) compared to BENJ (0.11%). In terms of maximum drawdown, PSCM dropped -51.34% vs BENJ's -0.39%.

Which ETF is better, PSCM or BENJ?

On 1-year performance, PSCM leads with 53.82% vs 3.79% for BENJ. On fees, PSCM is cheaper at 0.29% per year. On volatility, BENJ has been the lower-risk option at 0.11%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCM or BENJ?

Over the 1-year period, PSCM has performed better with a 53.82% return vs 3.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCM or BENJ?

PSCM is cheaper with a 0.29% expense ratio, compared with 0.40% for BENJ.

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

PSCM has the higher dividend yield at 0.97%, compared with 0.00% for BENJ.

What is the main difference between PSCM and BENJ?

PSCM is categorized as Materials, while BENJ is Ultrashort Bond. They also come from different issuers: Invesco and Horizon. Their fees differ too: 0.29% for PSCM and 0.40% for BENJ.

Which has better risk-adjusted returns?

BENJ currently has the higher Sharpe Ratio (5.65 vs 2.22), 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.