PYZ vs. PSCM

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco DWA Basic Materials Momentum ETF (PYZ) and Invesco S&P SmallCap Materials ETF (PSCM).

PYZ and PSCM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYZ is a passively managed fund by Invesco that tracks the performance of the Dynamic Basic Materials Sector Intellidex Index. It was launched on Oct 12, 2006. PSCM is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 / Materials -SEC. It was launched on Apr 7, 2010. Both PYZ and PSCM 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

PYZ vs. PSCM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Basic Materials Momentum ETF (PYZ) and Invesco S&P SmallCap Materials ETF (PSCM). The values are adjusted to include any dividend payments, if applicable.

PYZ vs. PSCM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PYZ Invesco DWA Basic Materials Momentum ETF	8.90%	28.01%	2.54%	9.56%	-15.45%	32.68%	15.39%	20.66%	-24.33%	20.01%
PSCM Invesco S&P SmallCap Materials ETF	18.11%	15.59%	0.67%	19.86%	-6.45%	18.02%	22.18%	21.75%	-23.28%	10.37%

Returns By Period

In the year-to-date period, PYZ achieves a 8.90% return, which is significantly lower than PSCM's 18.11% return. Over the past 10 years, PYZ has underperformed PSCM with an annualized return of 10.19%, while PSCM has yielded a comparatively higher 13.09% annualized return.

PYZ

• 1D: 4.75%
• 1M: -9.22%
• YTD: 8.90%
• 6M: 13.45%
• 1Y: 42.31%
• 3Y*: 13.26%
• 5Y*: 8.53%
• 10Y*: 10.19%

PSCM

• 1D: 2.48%
• 1M: 0.04%
• YTD: 18.11%
• 6M: 28.41%
• 1Y: 50.44%
• 3Y*: 14.75%
• 5Y*: 10.33%
• 10Y*: 13.09%

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

PYZ vs. PSCM - Expense Ratio Comparison

PYZ has a 0.60% expense ratio, which is higher than PSCM's 0.29% expense ratio.

PYZ

Invesco DWA Basic Materials Momentum ETF

PSCM

Invesco S&P SmallCap Materials ETF

Return for Risk

PYZ vs. PSCM — Risk / Return Rank

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

PYZ

PYZ Risk / Return Rank: 78
PYZ Sharpe Ratio Rank: 80
PYZ Sortino Ratio Rank: 80
PYZ Omega Ratio Rank: 75
PYZ Calmar Ratio Rank: 83
PYZ Martin Ratio Rank: 75

PSCM

PSCM Risk / Return Rank: 86
PSCM Sharpe Ratio Rank: 86
PSCM Sortino Ratio Rank: 88
PSCM Omega Ratio Rank: 81
PSCM Calmar Ratio Rank: 88
PSCM Martin Ratio Rank: 88

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.

PYZ vs. PSCM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) and Invesco S&P SmallCap Materials ETF (PSCM). 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.

	PYZ	PSCM	Difference
Sharpe ratio Return per unit of total volatility	1.50	1.76	-0.26
Sortino ratio Return per unit of downside risk	2.07	2.46	-0.39
Omega ratio Gain probability vs. loss probability	1.28	1.31	-0.03
Calmar ratio Return relative to maximum drawdown	2.39	2.81	-0.42
Martin ratio Return relative to average drawdown	7.77	10.86	-3.10
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PYZ vs. PSCM - Sharpe Ratio Comparison

The current PYZ Sharpe Ratio is 1.50, which is comparable to the PSCM Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of PYZ and PSCM, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PYZ	PSCM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.50	1.76	-0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.33	0.40	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.39	0.49	-0.10
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	0.38	-0.03

Correlation

The correlation between PYZ and PSCM is 0.78, 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

PYZ vs. PSCM - Dividend Comparison

PYZ's dividend yield for the trailing twelve months is around 0.57%, less than PSCM's 1.09% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PYZ Invesco DWA Basic Materials Momentum ETF	0.57%	0.72%	1.13%	1.19%	1.18%	0.33%	1.04%	1.38%	1.20%	0.53%	1.07%	1.25%
PSCM Invesco S&P SmallCap Materials ETF	1.09%	1.17%	0.80%	0.81%	0.93%	0.67%	1.56%	1.14%	1.25%	0.61%	0.76%	1.33%

Drawdowns

PYZ vs. PSCM - Drawdown Comparison

The maximum PYZ drawdown since its inception was -65.15%, which is greater than PSCM's maximum drawdown of -51.34%. Use the drawdown chart below to compare losses from any high point for PYZ and PSCM.

Drawdown Indicators

	PYZ	PSCM	Difference
Max Drawdown Largest peak-to-trough decline	-65.15%	-51.34%	-13.81%
Max Drawdown (1Y) Largest decline over 1 year	-17.75%	-17.76%	+0.01%
Max Drawdown (5Y) Largest decline over 5 years	-32.97%	-35.36%	+2.39%
Max Drawdown (10Y) Largest decline over 10 years	-52.46%	-51.34%	-1.12%
Current Drawdown Current decline from peak	-9.93%	-4.39%	-5.54%
Average Drawdown Average peak-to-trough decline	-12.71%	-10.99%	-1.72%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.46%	4.60%	+0.86%

Volatility

PYZ vs. PSCM - Volatility Comparison

Invesco DWA Basic Materials Momentum ETF (PYZ) has a higher volatility of 11.21% compared to Invesco S&P SmallCap Materials ETF (PSCM) at 9.12%. This indicates that PYZ's price experiences larger fluctuations and is considered to be riskier than PSCM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PYZ	PSCM	Difference
Volatility (1M) Calculated over the trailing 1-month period	11.21%	9.12%	+2.09%
Volatility (6M) Calculated over the trailing 6-month period	21.97%	17.83%	+4.14%
Volatility (1Y) Calculated over the trailing 1-year period	28.36%	28.81%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.95%	25.81%	+0.14%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.38%	26.91%	-0.53%