PSCM vs. PSCI

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Materials ETF (PSCM) and Invesco S&P SmallCap Industrials ETF (PSCI).

PSCM and PSCI 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. PSCI is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Industrials Index. It was launched on Apr 7, 2010. Both PSCM and PSCI 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. PSCI - Performance Comparison

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

PSCM vs. PSCI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCM Invesco S&P SmallCap Materials ETF	18.11%	15.59%	0.67%	19.86%	-6.45%	18.02%	22.18%	21.75%	-23.28%	10.37%
PSCI Invesco S&P SmallCap Industrials ETF	3.18%	13.50%	16.68%	31.64%	-9.02%	24.44%	12.02%	29.80%	-13.20%	17.52%

Returns By Period

In the year-to-date period, PSCM achieves a 18.11% return, which is significantly higher than PSCI's 3.18% return. Over the past 10 years, PSCM has underperformed PSCI with an annualized return of 13.09%, while PSCI has yielded a comparatively higher 14.09% annualized return.

PSCM

• 1D: 2.48%
• 1M: 0.04%
• YTD: 18.11%
• 6M: 28.41%
• 1Y: 50.44%
• 3Y*: 14.75%
• 5Y*: 10.33%
• 10Y*: 13.09%

PSCI

• 1D: 3.38%
• 1M: -8.15%
• YTD: 3.18%
• 6M: 4.82%
• 1Y: 32.24%
• 3Y*: 18.66%
• 5Y*: 11.38%
• 10Y*: 14.09%

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

PSCM vs. PSCI - Expense Ratio Comparison

Both PSCM and PSCI have an expense ratio of 0.29%.

PSCM

Invesco S&P SmallCap Materials ETF

PSCI

Invesco S&P SmallCap Industrials ETF

Return for Risk

PSCM vs. PSCI — Risk / Return Rank

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

PSCM

PSCM Risk / Return Rank: 86
PSCM Sharpe Ratio Rank: 86
PSCM Sortino Ratio Rank: 88
PSCM Omega Ratio Rank: 81
PSCM Calmar Ratio Rank: 88
PSCM Martin Ratio Rank: 88

PSCI

PSCI Risk / Return Rank: 73
PSCI Sharpe Ratio Rank: 73
PSCI Sortino Ratio Rank: 77
PSCI Omega Ratio Rank: 68
PSCI Calmar Ratio Rank: 79
PSCI Martin Ratio Rank: 70

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. PSCI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and Invesco S&P SmallCap Industrials ETF (PSCI). 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	PSCI	Difference
Sharpe ratio Return per unit of total volatility	1.76	1.28	+0.48
Sortino ratio Return per unit of downside risk	2.46	1.94	+0.51
Omega ratio Gain probability vs. loss probability	1.31	1.25	+0.06
Calmar ratio Return relative to maximum drawdown	2.81	2.13	+0.68
Martin ratio Return relative to average drawdown	10.86	6.98	+3.88
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. PSCI - Sharpe Ratio Comparison

The current PSCM Sharpe Ratio is 1.76, which is higher than the PSCI Sharpe Ratio of 1.28. The chart below compares the historical Sharpe Ratios of PSCM and PSCI, 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	PSCI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.76	1.28	+0.48
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.40	0.50	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.56	-0.07
Sharpe Ratio (All Time) Calculated using the full available price history	0.38	0.54	-0.16

Correlation

The correlation between PSCM and PSCI is 0.74, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

PSCM vs. PSCI - Dividend Comparison

PSCM's dividend yield for the trailing twelve months is around 1.09%, less than PSCI's 1.54% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCM Invesco S&P SmallCap Materials ETF	1.09%	1.17%	0.80%	0.81%	0.93%	0.67%	1.56%	1.14%	1.25%	0.61%	0.76%	1.33%
PSCI Invesco S&P SmallCap Industrials ETF	1.54%	1.56%	0.65%	0.72%	0.87%	0.69%	0.59%	0.64%	0.67%	0.71%	0.74%	1.02%

Drawdowns

PSCM vs. PSCI - Drawdown Comparison

The maximum PSCM drawdown since its inception was -51.34%, which is greater than PSCI's maximum drawdown of -45.55%. Use the drawdown chart below to compare losses from any high point for PSCM and PSCI.

Drawdown Indicators

	PSCM	PSCI	Difference
Max Drawdown Largest peak-to-trough decline	-51.34%	-45.55%	-5.79%
Max Drawdown (1Y) Largest decline over 1 year	-17.76%	-14.88%	-2.88%
Max Drawdown (5Y) Largest decline over 5 years	-35.36%	-29.36%	-6.00%
Max Drawdown (10Y) Largest decline over 10 years	-51.34%	-45.55%	-5.79%
Current Drawdown Current decline from peak	-4.39%	-11.91%	+7.52%
Average Drawdown Average peak-to-trough decline	-10.99%	-6.94%	-4.05%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.60%	4.54%	+0.06%

Volatility

PSCM vs. PSCI - Volatility Comparison

Invesco S&P SmallCap Materials ETF (PSCM) has a higher volatility of 9.12% compared to Invesco S&P SmallCap Industrials ETF (PSCI) at 8.07%. This indicates that PSCM's price experiences larger fluctuations and is considered to be riskier than PSCI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCM	PSCI	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	8.07%	+1.05%
Volatility (6M) Calculated over the trailing 6-month period	17.83%	15.47%	+2.36%
Volatility (1Y) Calculated over the trailing 1-year period	28.81%	25.26%	+3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.81%	22.98%	+2.83%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.91%	25.16%	+1.75%