PTH vs. PSCH
Compare and contrast key facts about Invesco DWA Healthcare Momentum ETF (PTH) and Invesco S&P SmallCap Health Care ETF (PSCH).
PTH and PSCH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PTH is a passively managed fund by Invesco that tracks the performance of the Dynamic Healthcare Sector Intellidex Index. It was launched on Oct 12, 2006. PSCH is a passively managed fund by Invesco that tracks the performance of the S&P SmallCap 600 Health Care Index. It was launched on Apr 7, 2010. Both PTH and PSCH 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
PTH vs. PSCH - Performance Comparison
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PTH vs. PSCH - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | -1.41% | 27.91% | 2.36% | -4.54% | -20.61% | -3.20% | 67.26% | 34.45% | -1.23% | 50.15% |
PSCH Invesco S&P SmallCap Health Care ETF | -6.60% | -0.49% | 3.77% | -2.71% | -25.15% | 5.75% | 31.47% | 20.17% | 9.15% | 34.87% |
Returns By Period
In the year-to-date period, PTH achieves a -1.41% return, which is significantly higher than PSCH's -6.60% return. Over the past 10 years, PTH has outperformed PSCH with an annualized return of 13.18%, while PSCH has yielded a comparatively lower 6.52% annualized return.
PTH
- 1D
- 5.51%
- 1M
- -1.65%
- YTD
- -1.41%
- 6M
- 14.55%
- 1Y
- 27.95%
- 3Y*
- 10.52%
- 5Y*
- -0.95%
- 10Y*
- 13.18%
PSCH
- 1D
- 5.03%
- 1M
- -5.05%
- YTD
- -6.60%
- 6M
- -1.10%
- 1Y
- -4.92%
- 3Y*
- -1.84%
- 5Y*
- -7.37%
- 10Y*
- 6.52%
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PTH vs. PSCH - Expense Ratio Comparison
PTH has a 0.60% expense ratio, which is higher than PSCH's 0.29% expense ratio.
Return for Risk
PTH vs. PSCH — Risk / Return Rank
PTH
PSCH
PTH vs. PSCH - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Healthcare Momentum ETF (PTH) and Invesco S&P SmallCap Health Care ETF (PSCH). 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.
| PTH | PSCH | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 1.13 | -0.21 | +1.35 |
Sortino ratioReturn per unit of downside risk | 1.70 | -0.14 | +1.84 |
Omega ratioGain probability vs. loss probability | 1.20 | 0.98 | +0.22 |
Calmar ratioReturn relative to maximum drawdown | 2.47 | -0.10 | +2.58 |
Martin ratioReturn relative to average drawdown | 5.25 | -0.23 | +5.49 |
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
| PTH | PSCH | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | -0.21 | +1.35 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.04 | -0.32 | +0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.49 | 0.28 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.40 | 0.49 | -0.09 |
Correlation
The correlation between PTH and PSCH is 0.80, 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
PTH vs. PSCH - Dividend Comparison
PTH's dividend yield for the trailing twelve months is around 3.12%, more than PSCH's 0.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PTH Invesco DWA Healthcare Momentum ETF | 3.12% | 3.07% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSCH Invesco S&P SmallCap Health Care ETF | 0.01% | 0.04% | 0.27% | 0.01% | 2.27% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% |
Drawdowns
PTH vs. PSCH - Drawdown Comparison
The maximum PTH drawdown since its inception was -53.52%, which is greater than PSCH's maximum drawdown of -46.32%. Use the drawdown chart below to compare losses from any high point for PTH and PSCH.
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Drawdown Indicators
| PTH | PSCH | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -53.52% | -46.32% | -7.20% |
Max Drawdown (1Y)Largest decline over 1 year | -11.98% | -15.36% | +3.38% |
Max Drawdown (5Y)Largest decline over 5 years | -50.07% | -46.32% | -3.75% |
Max Drawdown (10Y)Largest decline over 10 years | -53.52% | -46.32% | -7.20% |
Current DrawdownCurrent decline from peak | -19.55% | -36.32% | +16.77% |
Average DrawdownAverage peak-to-trough decline | -17.01% | -13.26% | -3.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 6.77% | -1.13% |
Volatility
PTH vs. PSCH - Volatility Comparison
Invesco DWA Healthcare Momentum ETF (PTH) has a higher volatility of 9.94% compared to Invesco S&P SmallCap Health Care ETF (PSCH) at 8.64%. This indicates that PTH's price experiences larger fluctuations and is considered to be riskier than PSCH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTH | PSCH | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.94% | 8.64% | +1.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.94% | 14.92% | +2.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.77% | 23.58% | +1.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.46% | 22.91% | +2.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 27.09% | 23.65% | +3.44% |