PSCM vs. GOAU
PSCM (Invesco S&P SmallCap Materials ETF) and GOAU (US Global GO GOLD and Precious Metal Miners ETF) are both Materials funds - PSCM tracks the S&P Small Cap 600 / Materials -SEC while GOAU tracks the U.S. Global GO GOLD and Precious Metal Miners Index. Both are passively managed. Over the past 5 years, PSCM returned 9.87%/yr vs 15.62%/yr for GOAU. At a 0.23 correlation, their price movements are largely independent. PSCM charges 0.29%/yr vs 0.60%/yr for GOAU.
Performance
PSCM vs. GOAU - Performance Comparison
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Returns By Period
In the year-to-date period, PSCM achieves a 25.13% return, which is significantly higher than GOAU's -1.69% return.
PSCM
- 1D
- -0.91%
- 1M
- -3.62%
- YTD
- 25.13%
- 6M
- 30.92%
- 1Y
- 58.25%
- 3Y*
- 18.48%
- 5Y*
- 9.87%
- 10Y*
- 12.55%
GOAU
- 1D
- 1.83%
- 1M
- 2.05%
- YTD
- -1.69%
- 6M
- 2.10%
- 1Y
- 38.05%
- 3Y*
- 33.93%
- 5Y*
- 15.62%
- 10Y*
- —
PSCM vs. GOAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCM Invesco S&P SmallCap Materials ETF | 25.13% | 15.59% | 0.67% | 19.86% | -6.45% | 18.02% | 22.18% | 21.75% | -23.28% | 12.31% |
GOAU US Global GO GOLD and Precious Metal Miners ETF | -1.69% | 126.68% | 13.78% | 10.67% | -11.66% | -9.23% | 14.13% | 54.17% | -11.88% | 7.92% |
Correlation
The correlation between PSCM and GOAU is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2017 | 0.23 |
The correlation between PSCM and GOAU shifts across timeframes, from 0.23 (all time) to 0.37 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
PSCM vs. GOAU — Risk / Return Rank
PSCM
GOAU
PSCM vs. GOAU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and US Global GO GOLD and Precious Metal Miners ETF (GOAU). 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.
| PSCM | GOAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.61 | ||
| Sortino ratioReturn per unit of downside risk | +2.11 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.18 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.09 | 1.23 | +2.86 |
| Martin ratioReturn relative to average drawdown | 15.44 | 3.00 | +12.43 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSCM | GOAU | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 0.84 | +1.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.43 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.45 | -0.06 |
Drawdowns
PSCM vs. GOAU - Drawdown Comparison
The maximum PSCM drawdown since its inception was -51.34%, smaller than the maximum GOAU drawdown of -55.41%. Use the drawdown chart below to compare losses from any high point for PSCM and GOAU.
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Drawdown Indicators
| PSCM | GOAU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -51.34% | -55.41% | +4.07% |
Max Drawdown (1Y)Largest decline over 1 year | -14.33% | -31.15% | +16.82% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -31.15% | -4.21% |
Max Drawdown (5Y)Largest decline over 5 years | -35.36% | -48.52% | +13.16% |
Max Drawdown (10Y)Largest decline over 10 years | -51.34% | — | — |
Current DrawdownCurrent decline from peak | -3.62% | -25.58% | +21.96% |
Average DrawdownAverage peak-to-trough decline | -10.90% | -18.82% | +7.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.78% | 12.71% | -8.93% |
Volatility
PSCM vs. GOAU - Volatility Comparison
The current volatility for Invesco S&P SmallCap Materials ETF (PSCM) is 7.42%, while US Global GO GOLD and Precious Metal Miners ETF (GOAU) has a volatility of 14.53%. This indicates that PSCM experiences smaller price fluctuations and is considered to be less risky than GOAU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSCM | GOAU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.42% | 14.53% | -7.11% |
Volatility (6M)Calculated over the trailing 6-month period | 16.88% | 37.31% | -20.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.00% | 45.71% | -21.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.74% | 36.44% | -10.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.91% | 35.51% | -8.60% |
PSCM vs. GOAU - Expense Ratio Comparison
PSCM has a 0.29% expense ratio, which is lower than GOAU's 0.60% expense ratio.
Dividends
PSCM vs. GOAU - Dividend Comparison
PSCM's dividend yield for the trailing twelve months is around 1.03%, more than GOAU's 0.96% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOAU US Global GO GOLD and Precious Metal Miners ETF | 0.96% | 0.94% | 2.11% | 0.99% | 1.55% | 1.28% | 0.74% | 0.16% | 0.47% | 0.27% | 0.00% | 0.00% |
PSCM Invesco S&P SmallCap Materials ETF | 1.03% | 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 GOAU have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOAU has higher volatility (14.53%) compared to PSCM (7.42%). In terms of maximum drawdown, PSCM dropped -51.34% vs GOAU's -55.41%.
On 5-year performance, GOAU leads with 15.62% vs 9.87% for PSCM. On fees, PSCM is cheaper at 0.29% per year. On volatility, PSCM has been the lower-risk option at 7.42%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, GOAU has performed better with a 15.62% return vs 9.87%. 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 0.60% for GOAU.
PSCM has the higher dividend yield at 1.03%, compared with 0.96% for GOAU.
PSCM tracks S&P Small Cap 600 / Materials -SEC, while GOAU tracks U.S. Global GO GOLD and Precious Metal Miners Index. They also come from different issuers: Invesco and US Global. Their fees differ too: 0.29% for PSCM and 0.60% for GOAU.
PSCM currently has the higher Sharpe Ratio (2.44 vs 0.84), 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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