PSCE vs SPY
Invesco S&P SmallCap Energy ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PSCE or SPY?
Small Cap Value against Large Cap Blend.
SPY has a lower expense ratio. PSCE led over 1Y, SPY over 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 50.0%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PSCE | SPY |
|---|---|---|
| Expense Ratio | 0.29% | 0.09%Best |
| AUM | $111M | $804.7B |
| Dividend Yield | 2.26% | 0.98% |
| Holdings | 33 | 505 |
| YTD Return | +34.55%Best | +13.51% |
| 1Y Return | +36.25%Best | +18.19% |
| 3Y Return (annualized) | +3.24% | +23.29%Best |
| 5Y Return (annualized) | +10.89% | +13.21%Best |
| Volatility (annualized) | 40.8% | 14.4%Best |
| Max Drawdown | -96.3% | -34.1%Best |
| $10,000 over 5 years | $16,767 | $18,596Best |
| Top 10 Weight | 50.0% | 37.8%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Value | Large Cap Blend |
| Inception | Apr 7, 2010 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Apr 7, 2010 to Sep 25, 2026 (16.5 years).
PSCE vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.5 years both funds cover.
PSCE vs SPY Performance
Invesco S&P SmallCap Energy ETF (PSCE) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PSCE returned +36.25% while SPY returned +18.19%. Year to date, PSCE is up 34.55% versus a gain of 13.51% for SPY.
Over three years, PSCE compounded at +3.24% per year against +23.29% for SPY; over five years the annualized figures are +10.89% and +13.21% respectively. Across the full 17-year window we track, SPY has the edge at +12.56% annualized vs -4.02%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCE has been the more volatile fund, with annualized monthly volatility of 40.8% compared with 14.4% 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 -96.3% for PSCE and -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.58. They move together some of the time, and apart the rest.
Fees and Cost Over Time
PSCE 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, PSCE currently yields 2.26% against 0.98% for SPY.
Holdings Overlap
We hold position weights for 34 holdings in PSCE and 504 in SPY, totalling 100.0% and 99.9% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 34 positions we hold weights for in PSCE and 504 in SPY, against full books of 33 and 505.
What only one of them owns
Measured across the 34 and 504 positions we hold weights for.
SPY holds 497 positions PSCE does not, 99.3% of the fund.
Largest: NVDA 8.01%, AAPL 7.26%, MSFT 5.66%, AMZN 3.79%, GOOGL 2.99%
You are not choosing between two funds in isolation.
Whichever of PSCE and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PSCE or SPY?
PSCE has an expense ratio of 0.29% while SPY charges 0.09%. SPY is the cheaper option, by $20 a year on a $10,000 investment.
Which performed better, PSCE or SPY?
Over the past year PSCE returned +36.25% vs +18.19% for SPY, so PSCE leads on 1-year performance. Over the longest common window we track (17 years), PSCE annualized -4.02% vs +12.56% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSCE or SPY?
PSCE has been the more volatile fund at 40.8% annualized versus 14.4% for SPY. Worst drawdown: PSCE -96.3% vs SPY -34.1%.
Should I hold both PSCE and SPY?
PSCE and SPY have a monthly-return correlation of 0.58, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, PSCE or SPY?
PSCE yields 2.26% while SPY yields 0.98%, so PSCE currently pays the higher dividend yield.
Is SPY better than PSCE?
SPY has a lower expense ratio. PSCE led over 1Y, SPY over 3Y, 5Y and the full window. SPY is less concentrated, with 37.8% of the fund in its ten largest positions against 50.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.