PSCT vs. XSD

Last updated Jun 4, 2026

PSCT (Invesco S&P SmallCap Information Technology ETF) and XSD (SPDR S&P Semiconductor ETF) are both exchange-traded funds - PSCT is a Technology Equities fund tracking the S&P SmallCap 600 Information Technology Index, while XSD is a Semiconductors fund tracking the S&P Semiconductor Select Industry. Both are passively managed. Over the past 10 years, PSCT returned 16.70%/yr vs 31.10%/yr for XSD. Their correlation of 0.86 suggests significant overlap in exposure. PSCT charges 0.29%/yr vs 0.35%/yr for XSD.

Performance

PSCT vs. XSD - Performance Comparison

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

Returns By Period

In the year-to-date period, PSCT achieves a 54.18% return, which is significantly lower than XSD's 102.14% return. Over the past 10 years, PSCT has underperformed XSD with an annualized return of 16.70%, while XSD has yielded a comparatively higher 31.10% annualized return.

PSCT

• 1D: -1.18%
• 1M: 15.45%
• YTD: 54.18%
• 6M: 50.59%
• 1Y: 98.87%
• 3Y*: 23.44%
• 5Y*: 13.84%
• 10Y*: 16.70%

XSD

• 1D: 1.51%
• 1M: 30.91%
• YTD: 102.14%
• 6M: 92.84%
• 1Y: 180.25%
• 3Y*: 46.41%
• 5Y*: 29.69%
• 10Y*: 31.10%

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

PSCT vs. XSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCT Invesco S&P SmallCap Information Technology ETF	54.18%	18.63%	-1.06%	20.81%	-22.50%	26.26%	27.79%	39.38%	-9.34%	9.96%
XSD SPDR S&P Semiconductor ETF	102.14%	29.85%	10.75%	34.87%	-30.92%	42.54%	61.95%	64.66%	-6.35%	25.21%

Correlation

The correlation between PSCT and XSD is 0.85, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.85
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.89
Correlation (10Y) Calculated over the trailing 10-year period	0.87
Correlation (All Time) Calculated using the full available price history since Apr 8, 2010	0.86

The correlation between PSCT and XSD has been stable across timeframes, ranging from 0.85 to 0.89 - a consistent structural relationship.

PSCT vs. XSD - Sectors Allocation Comparison

Sectors	PSCT	XSD
Technology	85.2%	97.8%
Industrials	5.1%	-
Energy	5.0%	2.2%
Financial Services	3.7%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

PSCT vs. XSD — Risk / Return Rank

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

PSCT

PSCT Risk / Return Rank: 89
PSCT Sharpe Ratio Rank: 92
PSCT Sortino Ratio Rank: 85
PSCT Omega Ratio Rank: 81
PSCT Calmar Ratio Rank: 93
PSCT Martin Ratio Rank: 94

XSD

XSD Risk / Return Rank: 95
XSD Sharpe Ratio Rank: 97
XSD Sortino Ratio Rank: 94
XSD Omega Ratio Rank: 93
XSD Calmar Ratio Rank: 96
XSD Martin Ratio Rank: 96

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. XSD - Risk-Adjusted Trends Comparison

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

	PSCT	XSD	Difference
Sharpe ratio: Return per unit of total volatility	3.35	5.00	-1.66
Sortino ratio: Return per unit of downside risk	3.88	5.03	-1.15
Omega ratio: Gain probability vs. loss probability	1.49	1.65	-0.16
Calmar ratio: Return relative to maximum drawdown	6.72	9.75	-3.03
Martin ratio: Return relative to average drawdown	28.34	33.91	-5.57
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. XSD - Sharpe Ratio Comparison

The current PSCT Sharpe Ratio is 3.35, which is lower than the XSD Sharpe Ratio of 5.00. The chart below compares the historical Sharpe Ratios of PSCT and XSD, 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

	PSCT	XSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	3.35	5.00	-1.66
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.50	0.78	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.63	0.89	-0.26
Sharpe Ratio (All Time) Calculated using the full available price history	0.62	0.44	+0.19

Drawdowns

PSCT vs. XSD - Drawdown Comparison

The maximum PSCT drawdown since its inception was -40.44%, smaller than the maximum XSD drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for PSCT and XSD.

Drawdown Indicators

	PSCT	XSD	Difference
Max Drawdown Largest peak-to-trough decline	-40.44%	-64.56%	+24.12%
Max Drawdown (1Y) Largest decline over 1 year	-14.80%	-18.61%	+3.81%
Max Drawdown (3Y) Largest decline over 3 years	-33.96%	-41.25%	+7.29%
Max Drawdown (5Y) Largest decline over 5 years	-34.80%	-42.27%	+7.47%
Max Drawdown (10Y) Largest decline over 10 years	-40.44%	-42.27%	+1.83%
Current Drawdown Current decline from peak	-1.18%	0.00%	-1.18%
Average Drawdown Average peak-to-trough decline	-7.91%	-13.74%	+5.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	5.34%	-1.84%

Volatility

PSCT vs. XSD - Volatility Comparison

The current volatility for Invesco S&P SmallCap Information Technology ETF (PSCT) is 9.00%, while SPDR S&P Semiconductor ETF (XSD) has a volatility of 14.94%. This indicates that PSCT experiences smaller price fluctuations and is considered to be less risky than XSD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSCT	XSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.00%	14.94%	-5.94%
Volatility (6M) Calculated over the trailing 6-month period	21.05%	27.89%	-6.84%
Volatility (1Y) Calculated over the trailing 1-year period	29.82%	36.39%	-6.57%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	27.68%	38.25%	-10.57%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.67%	34.96%	-8.29%

PSCT vs. XSD - Expense Ratio Comparison

PSCT has a 0.29% expense ratio, which is lower than XSD's 0.35% expense ratio.

Dividends

PSCT vs. XSD - Dividend Comparison

PSCT's dividend yield for the trailing twelve months is around 0.01%, less than XSD's 0.12% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCT Invesco S&P SmallCap Information Technology ETF	0.01%	0.02%	0.01%	0.02%	0.00%	0.01%	0.08%	0.22%	0.47%	0.19%	0.25%	0.15%
XSD SPDR S&P Semiconductor ETF	0.12%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Frequently Asked Questions

Can I hold both PSCT and XSD in my portfolio?

PSCT and XSD have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSCT or XSD?

XSD has higher volatility (14.94%) compared to PSCT (9.00%). In terms of maximum drawdown, PSCT dropped -40.44% vs XSD's -64.56%.

Which ETF is better, PSCT or XSD?

On 10-year performance, XSD leads with 31.10% vs 16.70% for PSCT. On fees, PSCT is cheaper at 0.29% per year. On volatility, PSCT has been the lower-risk option at 9.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSCT or XSD?

Over the 10-year period, XSD has performed better with a 31.10% return vs 16.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSCT or XSD?

PSCT is cheaper with a 0.29% expense ratio, compared with 0.35% for XSD.

Which ETF pays a higher dividend yield, PSCT or XSD?

XSD has the higher dividend yield at 0.12%, compared with 0.01% for PSCT.

What is the main difference between PSCT and XSD?

PSCT is categorized as Technology Equities, while XSD is Semiconductors. PSCT tracks S&P SmallCap 600 Information Technology Index, while XSD tracks S&P Semiconductor Select Industry. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.29% for PSCT and 0.35% for XSD.

Which has better risk-adjusted returns?

XSD currently has the higher Sharpe Ratio (5.00 vs 3.35), 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.