PSCM vs. SPYI
Compare and contrast key facts about Invesco S&P SmallCap Materials ETF (PSCM) and NEOS S&P 500 High Income ETF (SPYI).
PSCM and SPYI 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. SPYI is an actively managed fund by Neos Investments. It was launched on Aug 29, 2022.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCM or SPYI.
Key characteristics
| PSCM | SPYI | |
|---|---|---|
| YTD Return | 14.01% | 20.33% |
| 1Y Return | 37.83% | 25.85% |
| Sharpe Ratio | 1.59 | 2.77 |
| Sortino Ratio | 2.31 | 3.70 |
| Omega Ratio | 1.29 | 1.60 |
| Calmar Ratio | 2.29 | 3.84 |
| Martin Ratio | 7.19 | 19.31 |
| Ulcer Index | 5.19% | 1.32% |
| Daily Std Dev | 23.44% | 9.17% |
| Max Drawdown | -51.34% | -10.19% |
| Current Drawdown | -1.45% | 0.00% |
Correlation
The correlation between PSCM and SPYI is 0.63, 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. SPYI - Performance Comparison
In the year-to-date period, PSCM achieves a 14.01% return, which is significantly lower than SPYI's 20.33% 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. SPYI - Expense Ratio Comparison
PSCM has a 0.29% expense ratio, which is lower than SPYI's 0.68% expense ratio.
Risk-Adjusted Performance
PSCM vs. SPYI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and NEOS S&P 500 High Income ETF (SPYI). 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. SPYI - Dividend Comparison
PSCM's dividend yield for the trailing twelve months is around 0.74%, less than SPYI's 11.53% 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% |
SPYI NEOS S&P 500 High Income ETF | 11.53% | 12.01% | 4.10% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSCM vs. SPYI - Drawdown Comparison
The maximum PSCM drawdown since its inception was -51.34%, which is greater than SPYI's maximum drawdown of -10.19%. Use the drawdown chart below to compare losses from any high point for PSCM and SPYI. For additional features, visit the drawdowns tool.
Volatility
PSCM vs. SPYI - Volatility Comparison
Invesco S&P SmallCap Materials ETF (PSCM) has a higher volatility of 9.73% compared to NEOS S&P 500 High Income ETF (SPYI) at 2.68%. This indicates that PSCM's price experiences larger fluctuations and is considered to be riskier than SPYI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.