PSP vs. PCF

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco Global Listed Private Equity ETF (PSP) and High Income Securities Fund (PCF).

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.

Performance

PSP vs. PCF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Listed Private Equity ETF (PSP) and High Income Securities Fund (PCF). The values are adjusted to include any dividend payments, if applicable.

PSP vs. PCF - 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%
PCF High Income Securities Fund	-0.20%	5.31%	16.66%	10.45%	-15.56%	11.44%	8.13%	4.22%	5.46%	14.58%

Returns By Period

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%

PCF

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

PSP vs. PCF - Expense Ratio Comparison

PSP

Invesco Global Listed Private Equity ETF

Return for Risk

PSP vs. PCF — Risk / Return Rank

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

PSP

PSP Risk / Return Rank: 6
PSP Sharpe Ratio Rank: 7
PSP Sortino Ratio Rank: 7
PSP Omega Ratio Rank: 7
PSP Calmar Ratio Rank: 7
PSP Martin Ratio Rank: 5

PCF

PCF Risk / Return Rank: 10
PCF Sharpe Ratio Rank: 11
PCF Sortino Ratio Rank: 10
PCF Omega Ratio Rank: 10
PCF Calmar Ratio Rank: 11
PCF Martin Ratio Rank: 10

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.

PSP vs. PCF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) and High Income Securities Fund (PCF). 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	PCF	Difference
Sharpe ratio Return per unit of total volatility	-0.27	—	—
Sortino ratio Return per unit of downside risk	-0.22	—	—
Omega ratio Gain probability vs. loss probability	0.97	—	—
Calmar ratio Return relative to maximum drawdown	-0.34	—	—
Martin ratio Return relative to average drawdown	-0.96	—	—
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

	PSP	PCF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.27	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.04	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.34	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.08	—	—

Correlation

The correlation between PSP and PCF is 0.38, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

PSP vs. PCF - Dividend Comparison

PSP's dividend yield for the trailing twelve months is around 6.84%, less than PCF's 11.68% 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%
PCF High Income Securities Fund	9.73%	11.57%	11.29%	11.29%	13.48%	10.82%	11.46%	3.29%	6.88%	3.97%	4.52%	5.07%

Drawdowns

Drawdown Indicators

	PSP	PCF	Difference
Max Drawdown Largest peak-to-trough decline	-85.40%	-53.82%	-31.58%
Max Drawdown (1Y) Largest decline over 1 year	-22.37%	-13.33%	-9.04%
Max Drawdown (5Y) Largest decline over 5 years	-47.16%	-29.06%	-18.10%
Max Drawdown (10Y) Largest decline over 10 years	-47.16%	-45.13%	-2.03%
Current Drawdown Current decline from peak	-19.63%	-2.21%	-17.42%
Average Drawdown Average peak-to-trough decline	-30.84%	-10.53%	-20.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.91%	4.14%	+3.77%

Volatility

Volatility by Period

	PSP	PCF	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.24%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.52%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	24.36%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.57%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.30%	—	—