PSL vs. ^SP500TR

Last updated Jun 3, 2026

PSL (Invesco DWA Consumer Staples Momentum ETF) is Momentum fund tracking the DWA Consumer Staples Technical Leaders Index, while ^SP500TR (S&P 500 Total Return) is an index. Over the past 10 years, PSL returned 7.82%/yr vs 15.68%/yr for ^SP500TR. A 0.70 correlation means they provide meaningful diversification when combined.

Performance

PSL vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Consumer Staples Momentum ETF (PSL) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSL achieves a 8.48% return, which is significantly lower than ^SP500TR's 11.72% return. Over the past 10 years, PSL has underperformed ^SP500TR with an annualized return of 7.82%, while ^SP500TR has yielded a comparatively higher 15.68% annualized return.

PSL

• 1D: -0.00%
• 1M: -2.63%
• YTD: 8.48%
• 6M: 8.37%
• 1Y: -2.54%
• 3Y*: 9.08%
• 5Y*: 3.50%
• 10Y*: 7.82%

^SP500TR

• 1D: 0.13%
• 1M: 5.38%
• YTD: 11.72%
• 6M: 12.09%
• 1Y: 29.76%
• 3Y*: 22.77%
• 5Y*: 14.29%
• 10Y*: 15.68%

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

PSL vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSL Invesco DWA Consumer Staples Momentum ETF	8.48%	-3.47%	15.42%	12.32%	-7.76%	6.88%	18.15%	14.16%	0.92%	21.82%
^SP500TR S&P 500 Total Return	11.72%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Correlation

The correlation between PSL and ^SP500TR is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.28
Correlation (3Y) Calculated over the trailing 3-year period	0.49
Correlation (5Y) Calculated over the trailing 5-year period	0.61
Correlation (10Y) Calculated over the trailing 10-year period	0.64
Correlation (All Time) Calculated using the full available price history since Oct 13, 2006	0.70

Over the past year, the correlation between PSL and ^SP500TR has dropped to 0.28 - well below their long-term average of 0.70, suggesting their price drivers have been diverging.

Return for Risk

PSL vs. ^SP500TR — Risk / Return Rank

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

PSL

PSL Risk / Return Rank: 7
PSL Sharpe Ratio Rank: 7
PSL Sortino Ratio Rank: 6
PSL Omega Ratio Rank: 6
PSL Calmar Ratio Rank: 7
PSL Martin Ratio Rank: 7

^SP500TR

^SP500TR Risk / Return Rank: 84
^SP500TR Sharpe Ratio Rank: 82
^SP500TR Sortino Ratio Rank: 84
^SP500TR Omega Ratio Rank: 83
^SP500TR Calmar Ratio Rank: 81
^SP500TR Martin Ratio Rank: 90

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.

PSL vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) and S&P 500 Total Return (^SP500TR). 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.

	PSL	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	-0.20	2.52	-2.72
Sortino ratio Return per unit of downside risk	-0.18	3.43	-3.61
Omega ratio Gain probability vs. loss probability	0.98	1.46	-0.48
Calmar ratio Return relative to maximum drawdown	-0.15	3.41	-3.56
Martin ratio Return relative to average drawdown	-0.33	15.97	-16.29
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PSL vs. ^SP500TR - Sharpe Ratio Comparison

The current PSL Sharpe Ratio is -0.20, which is lower than the ^SP500TR Sharpe Ratio of 2.52. The chart below compares the historical Sharpe Ratios of PSL and ^SP500TR, 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

	PSL	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.20	2.52	-2.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.23	0.85	-0.62
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.87	-0.40
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.65	-0.10

Drawdowns

PSL vs. ^SP500TR - Drawdown Comparison

The maximum PSL drawdown since its inception was -41.58%, smaller than the maximum ^SP500TR drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PSL and ^SP500TR.

Drawdown Indicators

	PSL	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-55.25%	+13.67%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	-8.89%	-4.75%
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	-18.75%	+5.11%
Max Drawdown (5Y) Largest decline over 5 years	-22.35%	-24.49%	+2.14%
Max Drawdown (10Y) Largest decline over 10 years	-34.67%	-33.79%	-0.88%
Current Drawdown Current decline from peak	-6.94%	0.00%	-6.94%
Average Drawdown Average peak-to-trough decline	-5.82%	-8.17%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.13%	1.90%	+4.23%

Volatility

PSL vs. ^SP500TR - Volatility Comparison

Invesco DWA Consumer Staples Momentum ETF (PSL) has a higher volatility of 3.22% compared to S&P 500 Total Return (^SP500TR) at 2.83%. This indicates that PSL's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSL	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.22%	2.83%	+0.39%
Volatility (6M) Calculated over the trailing 6-month period	8.50%	8.98%	-0.48%
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	11.86%	+0.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	16.90%	-1.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	18.07%	-1.57%

Frequently Asked Questions

Can I hold both PSL and ^SP500TR in my portfolio?

PSL and ^SP500TR have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSL or ^SP500TR?

PSL has higher volatility (3.22%) compared to ^SP500TR (2.83%). In terms of maximum drawdown, PSL dropped -41.58% vs ^SP500TR's -55.25%.

Which has better risk-adjusted returns?

^SP500TR currently has the higher Sharpe Ratio (2.52 vs -0.20), 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.