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PSCM vs. MXI
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PSCM vs. MXI

Last updated Jun 24, 2026

PSCM (Invesco S&P SmallCap Materials ETF) and MXI (iShares Global Materials ETF) are both Materials funds - PSCM tracks the S&P Small Cap 600 / Materials -SEC while MXI tracks the S&P Global Materials Index. Both are passively managed. Over the past 10 years, PSCM returned 12.85%/yr vs 11.38%/yr for MXI. A 0.67 correlation means they provide meaningful diversification when combined. PSCM charges 0.29%/yr vs 0.46%/yr for MXI.

Performance

PSCM vs. MXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Materials ETF (PSCM) and iShares Global Materials ETF (MXI). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PSCM achieves a 23.80% return, which is significantly higher than MXI's 11.62% return. Over the past 10 years, PSCM has outperformed MXI with an annualized return of 12.85%, while MXI has yielded a comparatively lower 11.38% annualized 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%

MXI

1D
-2.55%
1M
-2.16%
YTD
11.62%
6M
10.06%
1Y
29.81%
3Y*
13.19%
5Y*
6.60%
10Y*
11.38%
*Multi-year figures are annualized to reflect compound growth (CAGR)

PSCM vs. MXI - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSCM
Invesco S&P SmallCap Materials ETF		23.80%15.59%0.67%19.86%-6.45%18.02%22.18%21.75%-23.28%10.37%
MXI
iShares Global Materials ETF		11.62%27.43%-8.25%14.37%-9.09%15.06%22.31%22.19%-16.06%30.33%

Correlation

The correlation between PSCM and MXI is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.73

Correlation (3Y)
Calculated over the trailing 3-year period

0.73

Correlation (5Y)
Calculated over the trailing 5-year period

0.77

Correlation (10Y)
Calculated over the trailing 10-year period

0.72

Correlation (All Time)
Calculated using the full available price history since Apr 7, 2010

0.67

The correlation between PSCM and MXI has been stable across timeframes, ranging from 0.67 to 0.77 - a consistent structural relationship.

PSCM vs. MXI - Sectors Allocation Comparison

Sectors
PSCM
MXI

Basic Materials

90.9%
95.2%

Energy

7.1%

-

Consumer Cyclical

1.8%
4.4%

Financial Services

0.1%

-

Communication Services

-

-

Consumer Defensive

-

0.6%

Healthcare

-

-

Industrials

-

0.5%

Real Estate

-

-

Technology

-

-

Utilities

-

-

Basic Materials

PSCM
90.9%
MXI
95.2%

Energy

PSCM
7.1%
MXI

-

Consumer Cyclical

PSCM
1.8%
MXI
4.4%

Financial Services

PSCM
0.1%
MXI

-

Communication Services

PSCM

-

MXI

-

Consumer Defensive

PSCM

-

MXI
0.6%

Healthcare

PSCM

-

MXI

-

Industrials

PSCM

-

MXI
0.5%

Real Estate

PSCM

-

MXI

-

Technology

PSCM

-

MXI

-

Utilities

PSCM

-

MXI

-

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco S&P SmallCap Materials ETF

iShares Global Materials ETF

Often compared with PSCM:
PSCM vs. PSCCPSCM vs. PSCIPSCM vs. AIRRPSCM vs. SPYIPSCM vs. XMEPSCM vs. ADPVPSCM vs. REMX
Often compared with MXI:
MXI vs. XLBMXI vs. VAWMXI vs. GNRMXI vs. IYMMXI vs. SPYMXI vs. SPHQMXI vs. XME

Return for Risk

PSCM vs. MXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSCM
PSCM Risk / Return Rank: 7474
Overall Rank
PSCM Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
PSCM Sortino Ratio Rank: 7575
Sortino Ratio Rank
PSCM Omega Ratio Rank: 6262
Omega Ratio Rank
PSCM Calmar Ratio Rank: 7878
Calmar Ratio Rank
PSCM Martin Ratio Rank: 7878
Martin Ratio Rank
MXI
MXI Risk / Return Rank: 4141
Overall Rank
MXI Sharpe Ratio Rank: 4343
Sharpe Ratio Rank
MXI Sortino Ratio Rank: 3939
Sortino Ratio Rank
MXI Omega Ratio Rank: 4141
Omega Ratio Rank
MXI Calmar Ratio Rank: 3939
Calmar Ratio Rank
MXI Martin Ratio Rank: 4545
Martin Ratio Rank
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. MXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and iShares Global Materials ETF (MXI). 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.

PSCMMXIDifference
Sharpe ratioReturn per unit of total volatility
2.22
1.45

+0.76

Sortino ratioReturn per unit of downside risk
3.09
1.94

+1.15

Omega ratioGain probability vs. loss probability

1.35

1.26

+0.09

Calmar ratioReturn relative to maximum drawdown

3.78

1.85

+1.92

Martin ratioReturn relative to average drawdown

14.00

7.13

+6.86

PSCM vs. MXI - Sharpe Ratio Comparison

The current PSCM Sharpe Ratio is 2.22, which is higher than the MXI Sharpe Ratio of 1.45. The chart below compares the historical Sharpe Ratios of PSCM and MXI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

PSCM vs. MXI - Drawdown Comparison

The maximum PSCM drawdown since its inception was -51.34%, smaller than the maximum MXI drawdown of -68.44%. Use the drawdown chart below to compare losses from any high point for PSCM and MXI.

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Drawdown Indicators

PSCMMXIDifference

Max Drawdown

Largest peak-to-trough decline

-51.34%

-68.44%

+17.10%

Max Drawdown (1Y)

Largest decline over 1 year

-14.33%

-16.18%

+1.85%

Max Drawdown (3Y)

Largest decline over 3 years

-35.36%

-22.25%

-13.11%

Max Drawdown (5Y)

Largest decline over 5 years

-35.36%

-28.76%

-6.60%

Max Drawdown (10Y)

Largest decline over 10 years

-51.34%

-39.52%

-11.82%

Current Drawdown

Current decline from peak

-4.64%

-7.43%

+2.79%

Average Drawdown

Average peak-to-trough decline

-10.88%

-18.03%

+7.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.86%

4.19%

-0.33%

Volatility

PSCM vs. MXI - Volatility Comparison

Invesco S&P SmallCap Materials ETF (PSCM) and iShares Global Materials ETF (MXI) have volatilities of 8.22% and 8.08%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSCMMXIDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.22%

8.08%

+0.14%

Volatility (6M)

Calculated over the trailing 6-month period

17.32%

17.94%

-0.62%

Volatility (1Y)

Calculated over the trailing 1-year period

24.46%

20.66%

+3.80%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.83%

19.86%

+5.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.89%

20.42%

+6.47%

PSCM vs. MXI - Expense Ratio Comparison

PSCM has a 0.29% expense ratio, which is lower than MXI's 0.46% expense ratio.

Dividends

PSCM vs. MXI - Dividend Comparison

PSCM's dividend yield for the trailing twelve months is around 0.97%, less than MXI's 1.72% yield.

PositionTTM20252024202320222021202020192018201720162015
MXI
iShares Global Materials ETF		1.72%2.22%3.24%2.92%4.84%3.51%1.21%3.64%2.77%1.76%1.31%3.64%
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

PSCM and MXI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PSCM has higher volatility (8.22%) compared to MXI (8.08%). In terms of maximum drawdown, PSCM dropped -51.34% vs MXI's -68.44%.

On 10-year performance, PSCM leads with 12.85% vs 11.38% for MXI. On fees, PSCM is cheaper at 0.29% per year. On volatility, MXI has been the lower-risk option at 8.08%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PSCM has performed better with a 12.85% return vs 11.38%. 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 0.46% for MXI.

MXI has the higher dividend yield at 1.72%, compared with 0.97% for PSCM.

PSCM tracks S&P Small Cap 600 / Materials -SEC, while MXI tracks S&P Global Materials Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.29% for PSCM and 0.46% for MXI.

PSCM currently has the higher Sharpe Ratio (2.22 vs 1.45), 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.

Portfolio Optimizer

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