PSCD vs SPY
Invesco S&P SmallCap Consumer Discretionary ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. SPY delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PSCD | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $24M | $821.1B | |
| Dividend Yield | 0.98% | 1.01% | |
| Holdings | 90 | 505 | |
| YTD Return | +15.07% | +14.24% | |
| 1Y Return | +10.89% | +21.71% | |
| 3Y Return (annualized) | +10.29% | +22.10% | |
| 5Y Return (annualized) | +2.50% | +13.21% | |
| Volatility (annualized) | 24.9% | 15.3% | |
| Max Drawdown | -57.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Jan 22, 1993 |
PSCD vs SPY Performance
Invesco S&P SmallCap Consumer Discretionary ETF (PSCD) is a ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year PSCD returned +10.89% while SPY returned +21.71%. Year to date, PSCD is up 15.07% versus a gain of 14.24% for SPY.
Over three years, PSCD compounded at +10.29% per year against +22.10% for SPY; over five years the annualized figures are +2.50% and +13.21% respectively. Across the full 16-year window we track, PSCD has the edge at +10.35% annualized vs +8.86%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCD has been the more volatile fund, with annualized monthly volatility of 24.9% compared with 15.3% for SPY. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -57.3% for PSCD and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.77. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCD charges 0.29% per year while SPY charges 0.09%. On a $10,000 position that is $29 vs $9 annually, a gap of $20 per year that compounds over a long holding period. On income, PSCD currently yields 0.98% against 1.01% for SPY.
Holdings Overlap
PSCD and SPY share 0 holdings out of 592 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSCD or SPY?
PSCD has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $20 per year of difference.
Which performed better, PSCD or SPY?
Over the past year PSCD returned +10.89% vs +21.71% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (16 years), PSCD annualized +10.35% vs +8.86% for SPY. Past performance does not guarantee future results.
Which is riskier, PSCD or SPY?
PSCD has been the more volatile fund at 24.9% annualized versus 15.3% for SPY. Worst drawdown: PSCD -57.3% vs SPY -56.5%.
Should I hold both PSCD and SPY?
PSCD and SPY have a monthly-return correlation of 0.77, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCD and SPY?
PSCD and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 592 unique securities.
Which pays a higher dividend, PSCD or SPY?
PSCD yields 0.98% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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