PSCT vs. XSW
Compare and contrast key facts about Invesco S&P SmallCap Information Technology ETF (PSCT) and SPDR S&P Software & Services ETF (XSW).
PSCT and XSW 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. XSW is a passively managed fund by State Street that tracks the performance of the S&P Software & Services Select Industry Index. It was launched on Sep 28, 2011. Both PSCT and XSW are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSCT or XSW.
Key characteristics
| PSCT | XSW | |
|---|---|---|
| YTD Return | 4.32% | 26.61% |
| 1Y Return | 21.44% | 49.26% |
| 3Y Return (Ann) | -0.24% | 1.18% |
| 5Y Return (Ann) | 10.16% | 14.49% |
| 10Y Return (Ann) | 12.21% | 15.51% |
| Sharpe Ratio | 1.00 | 2.36 |
| Sortino Ratio | 1.51 | 3.06 |
| Omega Ratio | 1.19 | 1.40 |
| Calmar Ratio | 1.18 | 1.65 |
| Martin Ratio | 3.57 | 12.47 |
| Ulcer Index | 6.92% | 4.17% |
| Daily Std Dev | 24.63% | 22.03% |
| Max Drawdown | -40.44% | -45.38% |
| Current Drawdown | -3.58% | 0.00% |
Correlation
The correlation between PSCT and XSW is 0.79, 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.
Performance
PSCT vs. XSW - Performance Comparison
In the year-to-date period, PSCT achieves a 4.32% return, which is significantly lower than XSW's 26.61% return. Over the past 10 years, PSCT has underperformed XSW with an annualized return of 12.21%, while XSW has yielded a comparatively higher 15.51% annualized 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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PSCT vs. XSW - Expense Ratio Comparison
PSCT has a 0.29% expense ratio, which is lower than XSW's 0.35% expense ratio.
Risk-Adjusted Performance
PSCT vs. XSW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Information Technology ETF (PSCT) and SPDR S&P Software & Services ETF (XSW). 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
PSCT vs. XSW - Dividend Comparison
PSCT's dividend yield for the trailing twelve months is around 0.03%, less than XSW's 0.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSCT Invesco S&P SmallCap Information Technology ETF | 0.03% | 0.02% | 0.00% | 0.01% | 0.08% | 0.22% | 0.47% | 0.19% | 0.25% | 0.15% | 0.13% | 0.21% |
XSW SPDR S&P Software & Services ETF | 0.09% | 0.20% | 0.09% | 0.13% | 0.26% | 0.12% | 0.31% | 0.46% | 0.87% | 0.54% | 0.53% | 2.07% |
Drawdowns
PSCT vs. XSW - Drawdown Comparison
The maximum PSCT drawdown since its inception was -40.44%, smaller than the maximum XSW drawdown of -45.38%. Use the drawdown chart below to compare losses from any high point for PSCT and XSW. For additional features, visit the drawdowns tool.
Volatility
PSCT vs. XSW - Volatility Comparison
Invesco S&P SmallCap Information Technology ETF (PSCT) and SPDR S&P Software & Services ETF (XSW) have volatilities of 7.67% and 7.48%, 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.