PSP vs. INKM
Compare and contrast key facts about Invesco Global Listed Private Equity ETF (PSP) and SPDR SSgA Income Allocation ETF (INKM).
PSP and INKM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSP is a passively managed fund by Invesco that tracks the performance of the Red Rocks Global Listed Private Equity Index. It was launched on Oct 24, 2006. INKM is an actively managed fund by State Street. It was launched on Apr 25, 2012.
Performance
PSP vs. INKM - Performance Comparison
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PSP vs. INKM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSP Invesco Global Listed Private Equity ETF | -15.50% | 6.49% | 17.42% | 37.72% | -37.37% | 27.30% | 12.47% | 35.73% | -15.12% | 24.13% |
INKM SPDR SSgA Income Allocation ETF | 2.28% | 11.86% | 5.70% | 10.26% | -12.58% | 8.52% | 3.11% | 17.12% | -5.32% | 13.95% |
Returns By Period
In the year-to-date period, PSP achieves a -15.50% return, which is significantly lower than INKM's 2.28% return. Over the past 10 years, PSP has outperformed INKM with an annualized return of 7.53%, while INKM has yielded a comparatively lower 5.46% annualized return.
PSP
- 1D
- 2.50%
- 1M
- -6.13%
- YTD
- -15.50%
- 6M
- -16.07%
- 1Y
- -6.54%
- 3Y*
- 10.76%
- 5Y*
- 0.92%
- 10Y*
- 7.53%
INKM
- 1D
- 0.99%
- 1M
- -3.34%
- YTD
- 2.28%
- 6M
- 3.57%
- 1Y
- 10.86%
- 3Y*
- 8.75%
- 5Y*
- 4.08%
- 10Y*
- 5.46%
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PSP vs. INKM - Expense Ratio Comparison
PSP has a 1.44% expense ratio, which is higher than INKM's 0.50% expense ratio.
Return for Risk
PSP vs. INKM — Risk / Return Rank
PSP
INKM
PSP vs. INKM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) and SPDR SSgA Income Allocation ETF (INKM). 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.
| PSP | INKM | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.27 | 1.39 | -1.66 |
Sortino ratioReturn per unit of downside risk | -0.22 | 1.97 | -2.19 |
Omega ratioGain probability vs. loss probability | 0.97 | 1.29 | -0.32 |
Calmar ratioReturn relative to maximum drawdown | -0.34 | 1.92 | -2.26 |
Martin ratioReturn relative to average drawdown | -0.96 | 8.61 | -9.58 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSP | INKM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.27 | 1.39 | -1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.04 | 0.49 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.34 | 0.56 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.55 | -0.47 |
Correlation
The correlation between PSP and INKM is 0.72, 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.
Dividends
PSP vs. INKM - Dividend Comparison
PSP's dividend yield for the trailing twelve months is around 6.84%, more than INKM's 5.02% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSP Invesco Global Listed Private Equity ETF | 6.84% | 5.87% | 8.62% | 3.96% | 2.88% | 10.34% | 4.66% | 5.87% | 6.81% | 10.18% | 4.12% | 6.23% |
INKM SPDR SSgA Income Allocation ETF | 5.02% | 5.82% | 4.83% | 4.56% | 5.03% | 3.74% | 3.88% | 4.38% | 4.08% | 3.10% | 3.39% | 3.45% |
Drawdowns
PSP vs. INKM - Drawdown Comparison
The maximum PSP drawdown since its inception was -85.40%, which is greater than INKM's maximum drawdown of -28.58%. Use the drawdown chart below to compare losses from any high point for PSP and INKM.
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Drawdown Indicators
| PSP | INKM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.40% | -28.58% | -56.82% |
Max Drawdown (1Y)Largest decline over 1 year | -22.37% | -5.76% | -16.61% |
Max Drawdown (5Y)Largest decline over 5 years | -47.16% | -19.18% | -27.98% |
Max Drawdown (10Y)Largest decline over 10 years | -47.16% | -28.58% | -18.58% |
Current DrawdownCurrent decline from peak | -19.63% | -3.40% | -16.23% |
Average DrawdownAverage peak-to-trough decline | -30.84% | -3.73% | -27.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.91% | 1.28% | +6.63% |
Volatility
PSP vs. INKM - Volatility Comparison
Invesco Global Listed Private Equity ETF (PSP) has a higher volatility of 7.24% compared to SPDR SSgA Income Allocation ETF (INKM) at 3.05%. This indicates that PSP's price experiences larger fluctuations and is considered to be riskier than INKM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSP | INKM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.24% | 3.05% | +4.19% |
Volatility (6M)Calculated over the trailing 6-month period | 14.52% | 4.63% | +9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.36% | 7.83% | +16.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.57% | 8.30% | +15.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.30% | 9.77% | +12.53% |