PSCM vs. GOAU
PSCM (Invesco S&P SmallCap Materials ETF) and GOAU (US Global GO GOLD and Precious Metal Miners ETF) are both exchange-traded funds - PSCM is a Materials fund tracking the S&P Small Cap 600 / Materials -SEC, while GOAU is a Gold fund tracking the U.S. Global GO GOLD and Precious Metal Miners Index. Both are passively managed. Over the past 5 years, PSCM returned 9.38%/yr vs 14.44%/yr for GOAU. Their 0.24 correlation means their historical movements had little consistent relationship. 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 15.02% return, which is significantly higher than GOAU's -14.54% return.
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%
GOAU
- 1D
- -3.13%
- 1M
- -5.89%
- 6M
- -21.51%
- YTD
- -14.54%
- 1Y
- 27.57%
- 3Y*
- 31.02%
- 5Y*
- 14.44%
- 10Y*
- —
- ALL TIME*
- 13.92%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.14M | $986.57K | $1.37M | |
| $171.19K | $253.44K | $274.93K |
PSCM vs. GOAU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSCM Invesco S&P SmallCap Materials ETF | 15.02% | 15.59% | 0.67% | 19.86% | -6.45% | 18.02% | 22.18% | 21.75% | -23.28% | 14.61% |
GOAU US Global GO GOLD and Precious Metal Miners ETF | -14.54% | 126.68% | 13.78% | 10.67% | -11.66% | -9.23% | 14.13% | 54.17% | -11.88% | 7.81% |
Correlation
The correlation between PSCM and GOAU is 0.44, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.44 |
Correlation (3Y) Balances recent behavior with more history. | 0.33 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jun 28, 2017 | 0.24 |
Over the past year, PSCM and GOAU have become more correlated (0.44) than their long-term average of 0.24, meaning their price movements have been converging.
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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.
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 | GOAU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.84 | ||
| Sortino ratioReturn per unit of downside risk | +1.08 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.14 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.41 | 0.77 | +1.64 |
| Martin ratioReturn relative to average drawdown | 7.19 | 1.61 | +5.58 |
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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% | -37.94% | +23.61% |
Max Drawdown (3Y)Largest decline over 3 years | -35.36% | -37.94% | +2.58% |
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 | -11.41% | -35.31% | +23.90% |
Average DrawdownAverage peak-to-trough decline | -10.86% | -19.05% | +8.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.79% | 18.10% | -13.31% |
Volatility
PSCM vs. GOAU - Volatility Comparison
The current volatility for Invesco S&P SmallCap Materials ETF (PSCM) is 5.30%, while US Global GO GOLD and Precious Metal Miners ETF (GOAU) has a volatility of 12.83%. 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 | 5.30% | 12.83% | -7.53% |
Volatility (6M)Calculated over the trailing 6-month period | 17.60% | 39.37% | -21.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 48.52% | -24.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.73% | 37.24% | -11.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.82% | 35.82% | -9.00% |
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 1.04%, less than GOAU's 1.10% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
GOAU US Global GO GOLD and Precious Metal Miners ETF | 1.10% | 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 | 1.04% | 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 GOAU have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
GOAU has higher volatility (12.83%) compared to PSCM (5.30%). In terms of maximum drawdown, PSCM dropped -51.34% vs GOAU's -55.41%.
On 5-year performance, GOAU leads with 14.44% vs 9.38% for PSCM. 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 5-year period, GOAU has performed better with a 14.44% return vs 9.38%. 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.
GOAU has the higher dividend yield at 1.10%, compared with 1.04% for PSCM.
PSCM is categorized as Materials, while GOAU is Gold. 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 (1.44 vs 0.60), 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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