PSCM vs. RSP

Last updated Jun 4, 2026

PSCM (Invesco S&P SmallCap Materials ETF) and RSP (Invesco S&P 500 Equal Weight ETF) are both exchange-traded funds - PSCM is a Materials fund tracking the S&P Small Cap 600 / Materials -SEC, while RSP is a S&P 500 fund tracking the S&P 500 Equal Weight Index. Both are passively managed. Over the past 10 years, PSCM returned 12.90%/yr vs 11.86%/yr for RSP. A 0.69 correlation means they provide meaningful diversification when combined. PSCM charges 0.29%/yr vs 0.20%/yr for RSP.

Performance

PSCM vs. RSP - 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 500 Equal Weight ETF (RSP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSCM achieves a 26.28% return, which is significantly higher than RSP's 9.70% return. Over the past 10 years, PSCM has outperformed RSP with an annualized return of 12.90%, while RSP has yielded a comparatively lower 11.86% annualized return.

PSCM

• 1D: -1.52%
• 1M: -0.62%
• YTD: 26.28%
• 6M: 30.79%
• 1Y: 62.19%
• 3Y*: 18.02%
• 5Y*: 10.07%
• 10Y*: 12.90%

RSP

• 1D: -0.38%
• 1M: 3.77%
• YTD: 9.70%
• 6M: 10.18%
• 1Y: 19.50%
• 3Y*: 15.23%
• 5Y*: 8.33%
• 10Y*: 11.86%

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

PSCM vs. RSP - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCM Invesco S&P SmallCap Materials ETF	26.28%	15.59%	0.67%	19.86%	-6.45%	18.02%	22.18%	21.75%	-23.28%	10.37%
RSP Invesco S&P 500 Equal Weight ETF	9.70%	11.21%	12.79%	13.70%	-11.62%	29.41%	12.66%	28.91%	-7.84%	18.52%

Correlation

The correlation between PSCM and RSP is 0.68, 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	0.68
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.73
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010	0.69

The correlation between PSCM and RSP has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.

PSCM vs. RSP - Sectors Allocation Comparison

Sectors	PSCM	RSP
Basic Materials	91.2%	4.1%
Energy	7.0%	4.5%
Consumer Cyclical	1.8%	9.9%
Financial Services	0.1%	14.5%
Communication Services	-	3.7%
Consumer Defensive	-	6.5%
Healthcare	-	11.0%
Industrials	-	14.1%
Real Estate	-	6.0%
Technology	-	19.6%
Utilities	-	6.1%

Return for Risk

PSCM vs. RSP — Risk / Return Rank

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

PSCM

PSCM Risk / Return Rank: 78
PSCM Sharpe Ratio Rank: 80
PSCM Sortino Ratio Rank: 79
PSCM Omega Ratio Rank: 66
PSCM Calmar Ratio Rank: 83
PSCM Martin Ratio Rank: 82

RSP

RSP Risk / Return Rank: 49
RSP Sharpe Ratio Rank: 48
RSP Sortino Ratio Rank: 49
RSP Omega Ratio Rank: 46
RSP Calmar Ratio Rank: 50
RSP Martin Ratio Rank: 54

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. RSP - 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 500 Equal Weight ETF (RSP). 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	RSP	Difference
Sharpe ratio: Return per unit of total volatility	2.61	1.70	+0.91
Sortino ratio: Return per unit of downside risk	3.55	2.47	+1.08
Omega ratio: Gain probability vs. loss probability	1.40	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	4.36	2.49	+1.87
Martin ratio: Return relative to average drawdown	16.51	9.48	+7.04
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. RSP - Sharpe Ratio Comparison

The current PSCM Sharpe Ratio is 2.61, which is higher than the RSP Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of PSCM and RSP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	PSCM	RSP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.61	1.70	+0.91
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	0.52	-0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.65	-0.17
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.57	-0.17

Drawdowns

PSCM vs. RSP - Drawdown Comparison

The maximum PSCM drawdown since its inception was -51.34%, smaller than the maximum RSP drawdown of -59.92%. Use the drawdown chart below to compare losses from any high point for PSCM and RSP.

Drawdown Indicators

	PSCM	RSP	Difference
Max Drawdown Largest peak-to-trough decline	-51.34%	-59.92%	+8.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.33%	-7.85%	-6.48%
Max Drawdown (3Y) Largest decline over 3 years	-35.36%	-17.81%	-17.55%
Max Drawdown (5Y) Largest decline over 5 years	-35.36%	-21.38%	-13.98%
Max Drawdown (10Y) Largest decline over 10 years	-51.34%	-39.04%	-12.30%
Current Drawdown Current decline from peak	-2.73%	-0.38%	-2.35%
Average Drawdown Average peak-to-trough decline	-10.90%	-6.65%	-4.25%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	2.06%	+1.72%

Volatility

PSCM vs. RSP - Volatility Comparison

Invesco S&P SmallCap Materials ETF (PSCM) has a higher volatility of 7.72% compared to Invesco S&P 500 Equal Weight ETF (RSP) at 2.56%. This indicates that PSCM's price experiences larger fluctuations and is considered to be riskier than RSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCM	RSP	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.72%	2.56%	+5.16%
Volatility (6M) Calculated over the trailing 6-month period	16.84%	8.29%	+8.55%
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	11.56%	+12.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.74%	16.18%	+9.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.91%	18.35%	+8.56%

PSCM vs. RSP - Expense Ratio Comparison

PSCM has a 0.29% expense ratio, which is higher than RSP's 0.20% expense ratio.

Dividends

PSCM vs. RSP - Dividend Comparison

PSCM's dividend yield for the trailing twelve months is around 1.02%, less than RSP's 1.49% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCM Invesco S&P SmallCap Materials ETF	1.02%	1.17%	0.80%	0.81%	0.93%	0.67%	1.56%	1.14%	1.25%	0.61%	0.76%	1.33%
RSP Invesco S&P 500 Equal Weight ETF	1.49%	1.64%	1.52%	1.64%	1.82%	1.28%	1.64%	1.69%	2.02%	1.52%	1.20%	1.70%

Frequently Asked Questions

Can I hold both PSCM and RSP in my portfolio?

PSCM and RSP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCM or RSP?

PSCM has higher volatility (7.72%) compared to RSP (2.56%). In terms of maximum drawdown, PSCM dropped -51.34% vs RSP's -59.92%.

Which ETF is better, PSCM or RSP?

On 10-year performance, PSCM leads with 12.90% vs 11.86% for RSP. On fees, RSP is cheaper at 0.20% per year. On volatility, RSP has been the lower-risk option at 2.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCM or RSP?

Over the 10-year period, PSCM has performed better with a 12.90% return vs 11.86%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCM or RSP?

RSP is cheaper with a 0.20% expense ratio, compared with 0.29% for PSCM.

Which ETF pays a higher dividend yield, PSCM or RSP?

RSP has the higher dividend yield at 1.49%, compared with 1.02% for PSCM.

What is the main difference between PSCM and RSP?

PSCM is categorized as Materials, while RSP is S&P 500. PSCM tracks S&P Small Cap 600 / Materials -SEC, while RSP tracks S&P 500 Equal Weight Index. Their fees differ too: 0.29% for PSCM and 0.20% for RSP.

Which has better risk-adjusted returns?

PSCM currently has the higher Sharpe Ratio (2.61 vs 1.70), 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.