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PSCM vs. XME
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PSCM vs. XME

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Materials ETF (PSCM) and SPDR S&P Metals & Mining ETF (XME).

PSCM and XME 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. XME is a passively managed fund by State Street that tracks the performance of the S&P Metals & Mining Select Industry Index. It was launched on Jun 19, 2006. Both PSCM and XME 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. XME - Performance Comparison

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

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PSCM vs. XME - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
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%
XME
SPDR S&P Metals & Mining ETF		4.31%83.47%-4.54%21.51%13.13%34.92%15.95%14.69%-26.78%21.17%

Returns By Period

In the year-to-date period, PSCM achieves a 18.11% return, which is significantly higher than XME's 4.31% return. Over the past 10 years, PSCM has underperformed XME with an annualized return of 13.09%, while XME has yielded a comparatively higher 19.54% 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%

XME

1D
4.40%
1M
-9.45%
YTD
4.31%
6M
16.12%
1Y
93.75%
3Y*
27.50%
5Y*
22.88%
10Y*
19.54%
*Multi-year figures are annualized to reflect compound growth (CAGR)

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

SPDR S&P Metals & Mining ETF

Often compared with PSCM:
PSCM vs. PSCCPSCM vs. PSCIPSCM vs. AIRRPSCM vs. SPYIPSCM vs. TRINPSCM vs. aDPVPSCM vs. ADPV
Often compared with XME:
XME vs. PICKXME vs. SLXXME vs. SETMXME vs. XBM.TOXME vs. VAWXME vs. VOOXME vs. QQQ

PSCM vs. XME - Expense Ratio Comparison

PSCM has a 0.29% expense ratio, which is lower than XME's 0.35% expense ratio.

XME
SPDR S&P Metals & Mining ETF
PSCM
Invesco S&P SmallCap Materials ETF

Return for Risk

PSCM vs. XME — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSCM
PSCM Risk / Return Rank: 8686
Overall Rank
PSCM Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
PSCM Sortino Ratio Rank: 8888
Sortino Ratio Rank
PSCM Omega Ratio Rank: 8181
Omega Ratio Rank
PSCM Calmar Ratio Rank: 8888
Calmar Ratio Rank
PSCM Martin Ratio Rank: 8888
Martin Ratio Rank
XME
XME Risk / Return Rank: 9494
Overall Rank
XME Sharpe Ratio Rank: 9797
Sharpe Ratio Rank
XME Sortino Ratio Rank: 9595
Sortino Ratio Rank
XME Omega Ratio Rank: 9494
Omega Ratio Rank
XME Calmar Ratio Rank: 9696
Calmar Ratio Rank
XME Martin Ratio Rank: 9191
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. XME - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Materials ETF (PSCM) and SPDR S&P Metals & Mining ETF (XME). 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.

PSCMXMEDifference

Sharpe ratio

Return per unit of total volatility

1.76

2.63

-0.87

Sortino ratio

Return per unit of downside risk

2.46

3.07

-0.62

Omega ratio

Gain probability vs. loss probability

1.31

1.42

-0.11

Calmar ratio

Return relative to maximum drawdown

2.81

4.05

-1.24

Martin ratio

Return relative to average drawdown

10.86

11.64

-0.77

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. XME - Sharpe Ratio Comparison

The current PSCM Sharpe Ratio is 1.76, which is lower than the XME Sharpe Ratio of 2.63. The chart below compares the historical Sharpe Ratios of PSCM and XME, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

PSCMXMEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.76

2.63

-0.87

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.40

0.71

-0.31

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.49

0.59

-0.11

Sharpe Ratio (All Time)

Calculated using the full available price history

0.38

0.15

+0.23

Correlation

The correlation between PSCM and XME is 0.68, 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. XME - Dividend Comparison

PSCM's dividend yield for the trailing twelve months is around 1.09%, more than XME's 0.35% yield.

TTM20252024202320222021202020192018201720162015
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%
XME
SPDR S&P Metals & Mining ETF		0.35%0.38%0.65%1.00%1.64%0.70%0.99%2.43%2.23%1.15%1.02%2.61%

Drawdowns

PSCM vs. XME - Drawdown Comparison

The maximum PSCM drawdown since its inception was -51.34%, smaller than the maximum XME drawdown of -85.89%. Use the drawdown chart below to compare losses from any high point for PSCM and XME.

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Drawdown Indicators

PSCMXMEDifference

Max Drawdown

Largest peak-to-trough decline

-51.34%

-85.89%

+34.55%

Max Drawdown (1Y)

Largest decline over 1 year

-17.76%

-22.60%

+4.84%

Max Drawdown (5Y)

Largest decline over 5 years

-35.36%

-37.27%

+1.91%

Max Drawdown (10Y)

Largest decline over 10 years

-51.34%

-61.69%

+10.35%

Current Drawdown

Current decline from peak

-4.39%

-17.77%

+13.38%

Average Drawdown

Average peak-to-trough decline

-10.99%

-44.45%

+33.46%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.60%

7.87%

-3.27%

Volatility

PSCM vs. XME - Volatility Comparison

The current volatility for Invesco S&P SmallCap Materials ETF (PSCM) is 9.12%, while SPDR S&P Metals & Mining ETF (XME) has a volatility of 11.55%. This indicates that PSCM experiences smaller price fluctuations and is considered to be less risky than XME based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSCMXMEDifference

Volatility (1M)

Calculated over the trailing 1-month period

9.12%

11.55%

-2.43%

Volatility (6M)

Calculated over the trailing 6-month period

17.83%

28.02%

-10.19%

Volatility (1Y)

Calculated over the trailing 1-year period

28.81%

35.81%

-7.00%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

25.81%

32.46%

-6.65%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.91%

32.98%

-6.07%