PSCU vs. XSD

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) and SPDR S&P Semiconductor ETF (XSD).

PSCU and XSD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSCU is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Capped Utilities & Communication Services Index. It was launched on Apr 7, 2010. XSD is a passively managed fund by State Street that tracks the performance of the S&P Semiconductor Select Industry. It was launched on Jan 31, 2006. Both PSCU and XSD 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

PSCU vs. XSD - Performance Comparison

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

PSCU vs. XSD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF	4.93%	-1.93%	10.68%	2.12%	-19.73%	30.12%	3.80%	9.67%	-4.80%	12.42%
XSD SPDR S&P Semiconductor ETF	1.46%	29.85%	10.75%	34.87%	-30.92%	42.54%	61.95%	64.66%	-6.35%	25.21%

Returns By Period

In the year-to-date period, PSCU achieves a 4.93% return, which is significantly higher than XSD's 1.46% return. Over the past 10 years, PSCU has underperformed XSD with an annualized return of 5.27%, while XSD has yielded a comparatively higher 22.52% annualized return.

PSCU

• 1D: 1.93%
• 1M: 2.78%
• YTD: 4.93%
• 6M: 5.35%
• 1Y: 7.20%
• 3Y*: 3.78%
• 5Y*: 0.79%
• 10Y*: 5.27%

XSD

• 1D: 6.56%
• 1M: -7.05%
• YTD: 1.46%
• 6M: 2.31%
• 1Y: 62.89%
• 3Y*: 16.37%
• 5Y*: 11.83%
• 10Y*: 22.52%

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

PSCU vs. XSD - Expense Ratio Comparison

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

XSD

SPDR S&P Semiconductor ETF

PSCU

Invesco S&P SmallCap Utilities & Communication Services ETF

Return for Risk

PSCU vs. XSD — Risk / Return Rank

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

PSCU

PSCU Risk / Return Rank: 25
PSCU Sharpe Ratio Rank: 24
PSCU Sortino Ratio Rank: 24
PSCU Omega Ratio Rank: 22
PSCU Calmar Ratio Rank: 29
PSCU Martin Ratio Rank: 25

XSD

XSD Risk / Return Rank: 84
XSD Sharpe Ratio Rank: 81
XSD Sortino Ratio Rank: 83
XSD Omega Ratio Rank: 80
XSD Calmar Ratio Rank: 90
XSD Martin Ratio Rank: 87

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.

PSCU vs. XSD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) 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.

	PSCU	XSD	Difference
Sharpe ratio Return per unit of total volatility	0.40	1.47	-1.07
Sortino ratio Return per unit of downside risk	0.70	2.12	-1.42
Omega ratio Gain probability vs. loss probability	1.08	1.29	-0.21
Calmar ratio Return relative to maximum drawdown	0.68	2.89	-2.21
Martin ratio Return relative to average drawdown	1.94	9.80	-7.86
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSCU vs. XSD - Sharpe Ratio Comparison

The current PSCU Sharpe Ratio is 0.40, which is lower than the XSD Sharpe Ratio of 1.47. The chart below compares the historical Sharpe Ratios of PSCU and XSD, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PSCU	XSD	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.40	1.47	-1.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	0.32	-0.27
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.27	0.66	-0.38
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	0.34	+0.11

Correlation

The correlation between PSCU and XSD is 0.45, 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

PSCU vs. XSD - Dividend Comparison

PSCU's dividend yield for the trailing twelve months is around 1.06%, more than XSD's 0.25% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSCU Invesco S&P SmallCap Utilities & Communication Services ETF	1.06%	1.10%	0.98%	1.60%	1.71%	2.69%	1.20%	2.47%	2.35%	1.84%	6.93%	2.94%
XSD SPDR S&P Semiconductor ETF	0.25%	0.26%	0.20%	0.31%	0.44%	0.10%	0.26%	0.51%	1.16%	0.59%	0.64%	0.58%

Drawdowns

PSCU vs. XSD - Drawdown Comparison

The maximum PSCU drawdown since its inception was -29.97%, smaller than the maximum XSD drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for PSCU and XSD.

Drawdown Indicators

	PSCU	XSD	Difference
Max Drawdown Largest peak-to-trough decline	-29.97%	-64.56%	+34.59%
Max Drawdown (1Y) Largest decline over 1 year	-11.27%	-21.35%	+10.08%
Max Drawdown (5Y) Largest decline over 5 years	-29.97%	-42.27%	+12.30%
Max Drawdown (10Y) Largest decline over 10 years	-29.97%	-42.27%	+12.30%
Current Drawdown Current decline from peak	-8.79%	-11.52%	+2.73%
Average Drawdown Average peak-to-trough decline	-7.72%	-13.84%	+6.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.96%	6.31%	-2.35%

Volatility

PSCU vs. XSD - Volatility Comparison

The current volatility for Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) is 5.20%, while SPDR S&P Semiconductor ETF (XSD) has a volatility of 13.00%. This indicates that PSCU 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

	PSCU	XSD	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.20%	13.00%	-7.80%
Volatility (6M) Calculated over the trailing 6-month period	11.36%	26.41%	-15.05%
Volatility (1Y) Calculated over the trailing 1-year period	17.88%	42.91%	-25.03%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.32%	37.55%	-19.23%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.45%	34.45%	-15.00%