PSCM vs. PICK

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco S&P SmallCap Materials ETF (PSCM) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK).

PSCM and PICK 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. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. Both PSCM and PICK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

PSCM vs. PICK - Performance Comparison

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

PSCM vs. PICK - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCM Invesco S&P SmallCap Materials ETF	19.07%	15.59%	0.67%	19.86%	-6.45%	18.02%	22.18%	21.75%	-23.28%	10.37%
PICK iShares MSCI Global Select Metals & Mining Producers ETF	12.68%	51.89%	-16.37%	9.69%	2.54%	22.61%	27.46%	16.47%	-18.65%	38.42%

Returns By Period

In the year-to-date period, PSCM achieves a 19.07% return, which is significantly higher than PICK's 12.68% return. Over the past 10 years, PSCM has underperformed PICK with an annualized return of 13.19%, while PICK has yielded a comparatively higher 16.24% annualized return.

PSCM

• 1D: 0.81%
• 1M: 0.86%
• YTD: 19.07%
• 6M: 29.12%
• 1Y: 51.56%
• 3Y*: 15.06%
• 5Y*: 10.51%
• 10Y*: 13.19%

PICK

• 1D: 2.23%
• 1M: -10.11%
• YTD: 12.68%
• 6M: 30.83%
• 1Y: 65.57%
• 3Y*: 14.65%
• 5Y*: 11.32%
• 10Y*: 16.24%

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

PSCM vs. PICK - Expense Ratio Comparison

PSCM has a 0.29% expense ratio, which is lower than PICK's 0.39% expense ratio.

PICK

iShares MSCI Global Select Metals & Mining Producers ETF

PSCM

Invesco S&P SmallCap Materials ETF

Return for Risk

PSCM vs. PICK — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PSCM

PSCM Risk / Return Rank: 85
PSCM Sharpe Ratio Rank: 85
PSCM Sortino Ratio Rank: 88
PSCM Omega Ratio Rank: 79
PSCM Calmar Ratio Rank: 87
PSCM Martin Ratio Rank: 87

PICK

PICK Risk / Return Rank: 92
PICK Sharpe Ratio Rank: 93
PICK Sortino Ratio Rank: 92
PICK Omega Ratio Rank: 91
PICK Calmar Ratio Rank: 92
PICK Martin Ratio Rank: 92

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. PICK - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and iShares MSCI Global Select Metals & Mining Producers ETF (PICK). 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	PICK	Difference
Sharpe ratio Return per unit of total volatility	1.80	2.25	-0.45
Sortino ratio Return per unit of downside risk	2.50	2.75	-0.26
Omega ratio Gain probability vs. loss probability	1.32	1.41	-0.09
Calmar ratio Return relative to maximum drawdown	2.91	3.42	-0.51
Martin ratio Return relative to average drawdown	11.22	13.63	-2.41
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCM vs. PICK - Sharpe Ratio Comparison

The current PSCM Sharpe Ratio is 1.80, which is comparable to the PICK Sharpe Ratio of 2.25. The chart below compares the historical Sharpe Ratios of PSCM and PICK, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSCM	PICK	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.80	2.25	-0.45
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.41	0.41	0.00
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.57	-0.08
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.18	+0.21

Correlation

The correlation between PSCM and PICK 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.

Dividends

PSCM vs. PICK - Dividend Comparison

PSCM's dividend yield for the trailing twelve months is around 1.08%, less than PICK's 2.55% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCM Invesco S&P SmallCap Materials ETF	1.08%	1.17%	0.80%	0.81%	0.93%	0.67%	1.56%	1.14%	1.25%	0.61%	0.76%	1.33%
PICK iShares MSCI Global Select Metals & Mining Producers ETF	2.55%	2.88%	3.26%	4.19%	6.93%	5.89%	2.27%	5.51%	4.77%	2.41%	1.15%	15.77%

Drawdowns

PSCM vs. PICK - Drawdown Comparison

The maximum PSCM drawdown since its inception was -51.34%, smaller than the maximum PICK drawdown of -68.87%. Use the drawdown chart below to compare losses from any high point for PSCM and PICK.

Drawdown Indicators

	PSCM	PICK	Difference
Max Drawdown Largest peak-to-trough decline	-51.34%	-68.87%	+17.53%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-19.54%	+1.78%
Max Drawdown (5Y) Largest decline over 5 years	-35.36%	-36.37%	+1.01%
Max Drawdown (10Y) Largest decline over 10 years	-51.34%	-52.72%	+1.38%
Current Drawdown Current decline from peak	-3.61%	-10.20%	+6.59%
Average Drawdown Average peak-to-trough decline	-10.99%	-24.36%	+13.37%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.61%	4.91%	-0.30%

Volatility

PSCM vs. PICK - Volatility Comparison

The current volatility for Invesco S&P SmallCap Materials ETF (PSCM) is 8.93%, while iShares MSCI Global Select Metals & Mining Producers ETF (PICK) has a volatility of 11.93%. This indicates that PSCM experiences smaller price fluctuations and is considered to be less risky than PICK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCM	PICK	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.93%	11.93%	-3.00%
Volatility (6M) Calculated over the trailing 6-month period	17.81%	22.06%	-4.25%
Volatility (1Y) Calculated over the trailing 1-year period	28.81%	29.29%	-0.48%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.81%	27.52%	-1.71%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.90%	28.47%	-1.57%