PSCM vs. KBWR
Compare and contrast key facts about Invesco S&P SmallCap Materials ETF (PSCM) and Invesco KBW Regional Banking ETF (KBWR).
PSCM and KBWR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCM is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 / Materials -SEC. It was launched on Apr 7, 2010. KBWR is a passively managed fund by Invesco that tracks the performance of the KBW Nasdaq Regional Banking Index. It was launched on Nov 1, 2011. Both PSCM and KBWR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCM or KBWR.
Key characteristics
| PSCM | KBWR | |
|---|---|---|
| YTD Return | 14.01% | 21.32% |
| 1Y Return | 37.83% | 55.07% |
| 3Y Return (Ann) | 7.54% | 2.30% |
| 5Y Return (Ann) | 13.39% | 7.41% |
| 10Y Return (Ann) | 8.15% | 7.65% |
| Sharpe Ratio | 1.59 | 1.65 |
| Sortino Ratio | 2.31 | 2.59 |
| Omega Ratio | 1.29 | 1.31 |
| Calmar Ratio | 2.29 | 1.48 |
| Martin Ratio | 7.19 | 6.05 |
| Ulcer Index | 5.19% | 8.63% |
| Daily Std Dev | 23.44% | 31.69% |
| Max Drawdown | -51.34% | -52.86% |
| Current Drawdown | -1.45% | -2.79% |
Correlation
The correlation between PSCM and KBWR is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PSCM vs. KBWR - Performance Comparison
In the year-to-date period, PSCM achieves a 14.01% return, which is significantly lower than KBWR's 21.32% return. Over the past 10 years, PSCM has outperformed KBWR with an annualized return of 8.15%, while KBWR has yielded a comparatively lower 7.65% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSCM vs. KBWR - Expense Ratio Comparison
PSCM has a 0.29% expense ratio, which is lower than KBWR's 0.35% expense ratio.
Risk-Adjusted Performance
PSCM vs. KBWR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and Invesco KBW Regional Banking ETF (KBWR). 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.
Dividends
PSCM vs. KBWR - Dividend Comparison
PSCM's dividend yield for the trailing twelve months is around 0.74%, less than KBWR's 2.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCM Invesco S&P SmallCap Materials ETF | 0.74% | 0.81% | 0.93% | 0.67% | 1.56% | 1.14% | 1.25% | 0.62% | 0.76% | 1.33% | 0.85% | 0.52% |
KBWR Invesco KBW Regional Banking ETF | 2.48% | 2.89% | 2.51% | 2.04% | 2.92% | 2.44% | 2.45% | 1.59% | 1.50% | 1.92% | 1.79% | 1.50% |
Drawdowns
PSCM vs. KBWR - Drawdown Comparison
The maximum PSCM drawdown since its inception was -51.34%, roughly equal to the maximum KBWR drawdown of -52.86%. Use the drawdown chart below to compare losses from any high point for PSCM and KBWR. For additional features, visit the drawdowns tool.
Volatility
PSCM vs. KBWR - Volatility Comparison
The current volatility for Invesco S&P SmallCap Materials ETF (PSCM) is 9.73%, while Invesco KBW Regional Banking ETF (KBWR) has a volatility of 15.24%. This indicates that PSCM experiences smaller price fluctuations and is considered to be less risky than KBWR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.