PSCM vs. DVXB
PSCM (Invesco S&P SmallCap Materials ETF) and DVXB (WEBs Materials XLB Defined Volatility ETF) are both Materials funds - PSCM tracks the S&P Small Cap 600 / Materials -SEC while DVXB tracks the Syntax Defined Volatility XLB Index. Both are passively managed. Over the past year, PSCM returned 36.37% vs 20.35% for DVXB. Their 0.76 correlation means they have sometimes moved together and sometimes differently. PSCM charges 0.29%/yr vs 0.89%/yr for DVXB.
Performance
PSCM vs. DVXB - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PSCM having a 15.02% return and DVXB slightly higher at 15.12%.
PSCM
- 1D
- 0.39%
- 1M
- -4.92%
- 6M
- 5.05%
- YTD
- 15.02%
- 1Y
- 36.37%
- 3Y*
- 11.08%
- 5Y*
- 9.38%
- 10Y*
- 10.88%
- ALL TIME*
- 9.52%
DVXB
- 1D
- -3.82%
- 1M
- -4.08%
- 6M
- -0.84%
- YTD
- 15.12%
- 1Y
- 20.35%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 7.74%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.05K | $1.06K | $4.38K | |
| $171.19K | $253.44K | $274.93K |
PSCM vs. DVXB - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
PSCM Invesco S&P SmallCap Materials ETF | 15.02% | 10.11% |
DVXB WEBs Materials XLB Defined Volatility ETF | 15.12% | -6.27% |
Correlation
The correlation between PSCM and DVXB is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025 | 0.76 |
The correlation between PSCM and DVXB has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
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Return for Risk
PSCM vs. DVXB — Risk / Return Rank
PSCM
DVXB
PSCM vs. DVXB - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and WEBs Materials XLB Defined Volatility ETF (DVXB). 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 | DVXB | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.85 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.12 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.91 | +1.50 |
| Martin ratioReturn relative to average drawdown | 7.19 | 2.08 | +5.11 |
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Drawdowns
PSCM vs. DVXB - Drawdown Comparison
The maximum PSCM drawdown since its inception was -51.34%, which is greater than DVXB's maximum drawdown of -19.77%. Use the drawdown chart below to compare losses from any high point for PSCM and DVXB.
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Drawdown Indicators
| PSCM | DVXB | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.34% | -19.77% | -31.57% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -19.77% | +5.44% |
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 DrawdownCurrent decline from peak | -11.41% | -12.78% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -7.54% | -3.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 8.63% | -3.84% |
Volatility
PSCM vs. DVXB - Volatility Comparison
The current volatility for Invesco S&P SmallCap Materials ETF (PSCM) is 5.30%, while WEBs Materials XLB Defined Volatility ETF (DVXB) has a volatility of 8.95%. This indicates that PSCM experiences smaller price fluctuations and is considered to be less risky than DVXB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCM | DVXB | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 8.95% | -3.65% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 22.87% | -5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 30.49% | -6.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.73% | 30.60% | -4.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 30.60% | -3.78% |
PSCM vs. DVXB - Expense Ratio Comparison
PSCM has a 0.29% expense ratio, which is lower than DVXB's 0.89% expense ratio.
Dividends
PSCM vs. DVXB - Dividend Comparison
PSCM's dividend yield for the trailing twelve months is around 1.04%, while DVXB has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DVXB WEBs Materials XLB Defined Volatility 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 | 1.04% | 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
PSCM and DVXB have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DVXB has higher volatility (8.95%) compared to PSCM (5.30%). In terms of maximum drawdown, PSCM dropped -51.34% vs DVXB's -19.77%.
On 1-year performance, PSCM leads with 36.37% vs 20.35% for DVXB. On fees, PSCM is cheaper at 0.29% per year. On volatility, PSCM has been the lower-risk option at 5.30%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, PSCM has performed better with a 36.37% return vs 20.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSCM is cheaper with a 0.29% expense ratio, compared with 0.89% for DVXB.
PSCM has the higher dividend yield at 1.04%, compared with 0.00% for DVXB.
PSCM tracks S&P Small Cap 600 / Materials -SEC, while DVXB tracks Syntax Defined Volatility XLB Index. They also come from different issuers: Invesco and WEBs. Their fees differ too: 0.29% for PSCM and 0.89% for DVXB.
PSCM currently has the higher Sharpe Ratio (1.44 vs 0.59), 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.
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