PSCM vs. DVXB

Last updated Jun 24, 2026

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. A 0.79 correlation means they provide meaningful diversification when combined. PSCM charges 0.29%/yr vs 0.89%/yr for DVXB.

Performance

PSCM vs. DVXB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Materials ETF (PSCM) and WEBs Materials XLB Defined Volatility ETF (DVXB). 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 DVXB's 19.31% 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%

DVXB

• 1D: -0.12%
• 1M: 3.26%
• YTD: 19.31%
• 6M: 17.58%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSCM vs. DVXB - Yearly Performance Comparison

	2026 (YTD)	2025
PSCM Invesco S&P SmallCap Materials ETF	23.80%	10.11%
DVXB WEBs Materials XLB Defined Volatility ETF	19.31%	-6.27%

Correlation

The correlation between PSCM and DVXB is 0.79, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 23, 2025	0.79

Return for Risk

PSCM vs. DVXB — 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

DVXB

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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. 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 ratio: Return per unit of total volatility	2.22	—	—
Sortino ratio: Return per unit of downside risk	3.09	—	—
Omega ratio: Gain probability vs. loss probability	1.35	—	—
Calmar ratio: Return relative to maximum drawdown	3.78	—	—
Martin ratio: Return relative to average drawdown	14.00	—	—

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.

Drawdown Indicators

	PSCM	DVXB	Difference
Max Drawdown Largest peak-to-trough decline	-51.34%	-19.77%	-31.57%
Max Drawdown (1Y) Largest decline over 1 year	-14.33%	—	—
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%	-9.60%	+4.96%
Average Drawdown Average peak-to-trough decline	-10.88%	-7.08%	-3.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.86%	—	—

Volatility

Volatility by Period

	PSCM	DVXB	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	17.32%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.46%	30.79%	-6.33%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.83%	30.79%	-4.96%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.89%	30.79%	-3.90%

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 0.97%, 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	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 DVXB in my portfolio?

PSCM and DVXB have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSCM or DVXB?

On fees, PSCM is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSCM or DVXB?

PSCM is cheaper with a 0.29% expense ratio, compared with 0.89% for DVXB.

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

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

What is the main difference between PSCM and 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.