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PSCT vs. CSD
Performance
Return for Risk
Dividends
Drawdowns
Volatility

PSCT vs. CSD

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Information Technology ETF (PSCT) and Invesco S&P Spin-Off ETF (CSD).

PSCT and CSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCT is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Information Technology Index. It was launched on Apr 7, 2010. CSD is a passively managed fund by Invesco that tracks the performance of the S&P U.S. Spin-Off Index. It was launched on Dec 15, 2006. Both PSCT and CSD 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

PSCT vs. CSD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P SmallCap Information Technology ETF (PSCT) and Invesco S&P Spin-Off ETF (CSD). The values are adjusted to include any dividend payments, if applicable.

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PSCT vs. CSD - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PSCT
Invesco S&P SmallCap Information Technology ETF		6.13%18.63%-1.06%20.81%-22.50%26.26%27.79%39.38%-9.34%9.96%
CSD
Invesco S&P Spin-Off ETF		12.97%21.58%27.61%23.77%-15.04%13.01%10.79%20.61%-17.82%20.64%

Returns By Period

In the year-to-date period, PSCT achieves a 6.13% return, which is significantly lower than CSD's 12.97% return. Both investments have delivered pretty close results over the past 10 years, with PSCT having a 12.71% annualized return and CSD not far behind at 12.09%.

PSCT

1D
4.30%
1M
-3.64%
YTD
6.13%
6M
13.17%
1Y
49.93%
3Y*
11.09%
5Y*
5.11%
10Y*
12.71%

CSD

1D
4.82%
1M
-6.74%
YTD
12.97%
6M
21.17%
1Y
50.42%
3Y*
26.15%
5Y*
12.70%
10Y*
12.09%
*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 Information Technology ETF

Invesco S&P Spin-Off ETF

Often compared with PSCT:
PSCT vs. QQQJPSCT vs. PSCDPSCT vs. XSWPSCT vs. QQQPSCT vs. JSMLPSCT vs. VGTPSCT vs. FSPSX
Often compared with CSD:
CSD vs. SPYCSD vs. IYMCSD vs. VOOCSD vs. SPMOCSD vs. ^GSPCCSD vs. FUTYCSD vs. VFV.TO

PSCT vs. CSD - Expense Ratio Comparison

PSCT has a 0.29% expense ratio, which is lower than CSD's 0.65% expense ratio.

CSD
Invesco S&P Spin-Off ETF
PSCT
Invesco S&P SmallCap Information Technology ETF

Return for Risk

PSCT vs. CSD — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PSCT
PSCT Risk / Return Rank: 8282
Overall Rank
PSCT Sharpe Ratio Rank: 8080
Sharpe Ratio Rank
PSCT Sortino Ratio Rank: 8181
Sortino Ratio Rank
PSCT Omega Ratio Rank: 7474
Omega Ratio Rank
PSCT Calmar Ratio Rank: 8989
Calmar Ratio Rank
PSCT Martin Ratio Rank: 8989
Martin Ratio Rank
CSD
CSD Risk / Return Rank: 8888
Overall Rank
CSD Sharpe Ratio Rank: 8686
Sharpe Ratio Rank
CSD Sortino Ratio Rank: 8686
Sortino Ratio Rank
CSD Omega Ratio Rank: 8585
Omega Ratio Rank
CSD Calmar Ratio Rank: 9090
Calmar Ratio Rank
CSD 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.

PSCT vs. CSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Information Technology ETF (PSCT) and Invesco S&P Spin-Off ETF (CSD). 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.

PSCTCSDDifference

Sharpe ratio

Return per unit of total volatility

1.47

1.74

-0.26

Sortino ratio

Return per unit of downside risk

2.05

2.30

-0.25

Omega ratio

Gain probability vs. loss probability

1.27

1.33

-0.06

Calmar ratio

Return relative to maximum drawdown

2.89

2.99

-0.10

Martin ratio

Return relative to average drawdown

10.93

12.37

-1.44

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCT vs. CSD - Sharpe Ratio Comparison

The current PSCT Sharpe Ratio is 1.47, which is comparable to the CSD Sharpe Ratio of 1.74. The chart below compares the historical Sharpe Ratios of PSCT and CSD, 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

PSCTCSDDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.47

1.74

-0.26

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.19

0.55

-0.37

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.49

-0.01

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.39

+0.14

Correlation

The correlation between PSCT and CSD is 0.78, 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

PSCT vs. CSD - Dividend Comparison

PSCT's dividend yield for the trailing twelve months is around 0.02%, less than CSD's 0.14% yield.

TTM20252024202320222021202020192018201720162015
PSCT
Invesco S&P SmallCap Information Technology ETF		0.02%0.02%0.01%0.02%0.00%0.01%0.08%0.22%0.47%0.19%0.25%0.15%
CSD
Invesco S&P Spin-Off ETF		0.14%0.16%0.17%0.51%0.86%0.73%0.99%1.08%0.99%0.60%1.62%2.61%

Drawdowns

PSCT vs. CSD - Drawdown Comparison

The maximum PSCT drawdown since its inception was -40.44%, smaller than the maximum CSD drawdown of -70.47%. Use the drawdown chart below to compare losses from any high point for PSCT and CSD.

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Drawdown Indicators

PSCTCSDDifference

Max Drawdown

Largest peak-to-trough decline

-40.44%

-70.47%

+30.03%

Max Drawdown (1Y)

Largest decline over 1 year

-16.90%

-17.08%

+0.18%

Max Drawdown (5Y)

Largest decline over 5 years

-34.80%

-30.15%

-4.65%

Max Drawdown (10Y)

Largest decline over 10 years

-40.44%

-57.55%

+17.11%

Current Drawdown

Current decline from peak

-6.15%

-7.06%

+0.91%

Average Drawdown

Average peak-to-trough decline

-7.98%

-14.35%

+6.37%

Ulcer Index

Depth and duration of drawdowns from previous peaks

4.47%

4.13%

+0.34%

Volatility

PSCT vs. CSD - Volatility Comparison

Invesco S&P SmallCap Information Technology ETF (PSCT) and Invesco S&P Spin-Off ETF (CSD) have volatilities of 11.00% and 10.52%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

PSCTCSDDifference

Volatility (1M)

Calculated over the trailing 1-month period

11.00%

10.52%

+0.48%

Volatility (6M)

Calculated over the trailing 6-month period

23.51%

19.01%

+4.50%

Volatility (1Y)

Calculated over the trailing 1-year period

34.08%

29.16%

+4.92%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.42%

23.04%

+4.38%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

26.44%

24.69%

+1.75%