PSL vs. GXPS

Last updated Jun 4, 2026

PSL (Invesco DWA Consumer Staples Momentum ETF) and GXPS (Global X PureCap MSCI Consumer Staples ETF) are both exchange-traded funds - PSL is a Momentum fund tracking the DWA Consumer Staples Technical Leaders Index, while GXPS is a Consumer Staples Equities fund tracking the MSCI USA Consumer Staples Index. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. PSL charges 0.60%/yr vs 0.25%/yr for GXPS.

Performance

PSL vs. GXPS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Consumer Staples Momentum ETF (PSL) and Global X PureCap MSCI Consumer Staples ETF (GXPS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSL achieves a 9.10% return, which is significantly higher than GXPS's 7.14% return.

PSL

• 1D: 0.57%
• 1M: -1.77%
• YTD: 9.10%
• 6M: 9.15%
• 1Y: -1.02%
• 3Y*: 9.29%
• 5Y*: 3.68%
• 10Y*: 7.88%

GXPS

• 1D: 0.91%
• 1M: -2.93%
• YTD: 7.14%
• 6M: 5.98%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSL vs. GXPS - Yearly Performance Comparison

	2026 (YTD)	2025
PSL Invesco DWA Consumer Staples Momentum ETF	9.10%	-8.41%
GXPS Global X PureCap MSCI Consumer Staples ETF	7.14%	-1.72%

Correlation

The correlation between PSL and GXPS is 0.71, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.71

Return for Risk

PSL vs. GXPS — Risk / Return Rank

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

PSL

PSL Risk / Return Rank: 8
PSL Sharpe Ratio Rank: 8
PSL Sortino Ratio Rank: 7
PSL Omega Ratio Rank: 7
PSL Calmar Ratio Rank: 8
PSL Martin Ratio Rank: 8

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. GXPS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Staples Momentum ETF (PSL) and Global X PureCap MSCI Consumer Staples ETF (GXPS). 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	GXPS	Difference
Sharpe ratio: Return per unit of total volatility	-0.08	—	—
Sortino ratio: Return per unit of downside risk	-0.02	—	—
Omega ratio: Gain probability vs. loss probability	1.00	—	—
Calmar ratio: Return relative to maximum drawdown	-0.08	—	—
Martin ratio: Return relative to average drawdown	-0.17	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PSL	GXPS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.08	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.24	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.44	+0.10

Drawdowns

PSL vs. GXPS - Drawdown Comparison

The maximum PSL drawdown since its inception was -41.58%, which is greater than GXPS's maximum drawdown of -9.20%. Use the drawdown chart below to compare losses from any high point for PSL and GXPS.

Drawdown Indicators

	PSL	GXPS	Difference
Max Drawdown Largest peak-to-trough decline	-41.58%	-9.20%	-32.38%
Max Drawdown (1Y) Largest decline over 1 year	-13.64%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-13.64%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-22.35%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.67%	—	—
Current Drawdown Current decline from peak	-6.41%	-7.97%	+1.56%
Average Drawdown Average peak-to-trough decline	-5.82%	-3.87%	-1.95%
Ulcer Index Depth and duration of drawdowns from previous peaks	6.09%	—	—

Volatility

Volatility by Period

	PSL	GXPS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.29%	—	—
Volatility (6M) Calculated over the trailing 6-month period	8.51%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	12.80%	13.97%	-1.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.15%	13.97%	+1.18%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.50%	13.97%	+2.53%

PSL vs. GXPS - Expense Ratio Comparison

PSL has a 0.60% expense ratio, which is higher than GXPS's 0.25% expense ratio.

Dividends

PSL vs. GXPS - Dividend Comparison

PSL's dividend yield for the trailing twelve months is around 0.84%, more than GXPS's 0.56% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
GXPS Global X PureCap MSCI Consumer Staples ETF	0.56%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSL Invesco DWA Consumer Staples Momentum ETF	0.84%	0.93%	0.60%	1.37%	1.98%	1.24%	0.80%	0.47%	0.75%	0.34%	2.08%	1.18%

Frequently Asked Questions

Can I hold both PSL and GXPS in my portfolio?

PSL and GXPS have a correlation of 0.71, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PSL or GXPS?

On fees, GXPS is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PSL or GXPS?

GXPS is cheaper with a 0.25% expense ratio, compared with 0.60% for PSL.

Which ETF pays a higher dividend yield, PSL or GXPS?

PSL has the higher dividend yield at 0.84%, compared with 0.56% for GXPS.

What is the main difference between PSL and GXPS?

PSL is categorized as Momentum, while GXPS is Consumer Staples Equities. PSL tracks DWA Consumer Staples Technical Leaders Index, while GXPS tracks MSCI USA Consumer Staples Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.60% for PSL and 0.25% for GXPS.