SMLV vs. PSCC
Compare and contrast key facts about SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Invesco S&P SmallCap Consumer Staples ETF (PSCC).
SMLV and PSCC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMLV is a passively managed fund by State Street that tracks the performance of the SSGA US Small Cap Low Volatility Index. It was launched on Feb 20, 2013. PSCC is a passively managed fund by Invesco that tracks the performance of the S&P Small Cap 600 Capped Consumer Staples. It was launched on Apr 7, 2010. Both SMLV and PSCC are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: SMLV or PSCC.
Performance
SMLV vs. PSCC - Performance Comparison
Returns By Period
In the year-to-date period, SMLV achieves a 24.23% return, which is significantly higher than PSCC's 3.48% return. Both investments have delivered pretty close results over the past 10 years, with SMLV having a 9.60% annualized return and PSCC not far ahead at 9.96%.
SMLV
24.23%
9.44%
27.14%
38.99%
9.92%
9.60%
PSCC
3.48%
5.62%
9.09%
14.14%
11.56%
9.96%
Key characteristics
| SMLV | PSCC | |
|---|---|---|
| Sharpe Ratio | 1.88 | 0.92 |
| Sortino Ratio | 2.91 | 1.38 |
| Omega Ratio | 1.36 | 1.17 |
| Calmar Ratio | 3.18 | 1.54 |
| Martin Ratio | 9.71 | 3.22 |
| Ulcer Index | 4.07% | 4.79% |
| Daily Std Dev | 21.03% | 16.70% |
| Max Drawdown | -42.45% | -33.61% |
| Current Drawdown | -1.91% | 0.00% |
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SMLV vs. PSCC - Expense Ratio Comparison
SMLV has a 0.12% expense ratio, which is lower than PSCC's 0.29% expense ratio.
Correlation
The correlation between SMLV and PSCC is 0.69, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Risk-Adjusted Performance
SMLV vs. PSCC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) and Invesco S&P SmallCap Consumer Staples ETF (PSCC). 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.
Dividends
SMLV vs. PSCC - Dividend Comparison
SMLV's dividend yield for the trailing twelve months is around 2.35%, more than PSCC's 1.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMLV SPDR SSGA US Small Cap Low Volatility Index ETF | 2.35% | 2.68% | 2.40% | 2.12% | 2.47% | 2.62% | 3.15% | 7.92% | 3.04% | 2.63% | 2.76% | 3.68% |
PSCC Invesco S&P SmallCap Consumer Staples ETF | 1.77% | 1.49% | 1.29% | 1.21% | 1.59% | 1.77% | 0.94% | 1.25% | 1.48% | 1.34% | 1.60% | 0.42% |
Drawdowns
SMLV vs. PSCC - Drawdown Comparison
The maximum SMLV drawdown since its inception was -42.45%, which is greater than PSCC's maximum drawdown of -33.61%. Use the drawdown chart below to compare losses from any high point for SMLV and PSCC. For additional features, visit the drawdowns tool.
Volatility
SMLV vs. PSCC - Volatility Comparison
SPDR SSGA US Small Cap Low Volatility Index ETF (SMLV) has a higher volatility of 10.54% compared to Invesco S&P SmallCap Consumer Staples ETF (PSCC) at 4.86%. This indicates that SMLV's price experiences larger fluctuations and is considered to be riskier than PSCC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.