PSCE vs VYM
Invesco S&P SmallCap Energy ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. PSCE delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | PSCE | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.04% | |
| AUM | $104M | $81.6B | |
| Dividend Yield | 2.26% | 2.24% | |
| Holdings | 33 | 616 | |
| YTD Return | +44.13% | +15.75% | |
| 1Y Return | +63.41% | +23.85% | |
| 3Y Return (annualized) | +6.32% | +19.14% | |
| 5Y Return (annualized) | +18.62% | +12.45% | |
| Volatility (annualized) | 40.9% | 14.6% | |
| Max Drawdown | -96.3% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Nov 10, 2006 |
PSCE vs VYM Performance
Invesco S&P SmallCap Energy ETF (PSCE) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PSCE returned +63.41% while VYM returned +23.85%. Year to date, PSCE is up 44.13% versus a gain of 15.75% for VYM.
Over three years, PSCE compounded at +6.32% per year against +19.14% for VYM; over five years the annualized figures are +18.62% and +12.45% respectively. Across the full 16-year window we track, VYM has the edge at +7.06% annualized vs -3.64%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCE has been the more volatile fund, with annualized monthly volatility of 40.9% compared with 14.6% for VYM. 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 -58.8% for VYM. 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 0.67. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PSCE charges 0.29% per year while VYM charges 0.04%. On a $10,000 position that is $29 vs $4 annually, a gap of $25 per year that compounds over a long holding period. On income, PSCE currently yields 2.26% against 2.24% for VYM.
Holdings Overlap
PSCE and VYM share 11 holdings out of 623 unique holdings combined, representing a 0.2% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSCE or VYM?
PSCE has an expense ratio of 0.29% while VYM charges 0.04%. VYM is the cheaper option. On a $10,000 investment, that is $25 per year of difference.
Which performed better, PSCE or VYM?
Over the past year PSCE returned +63.41% vs +23.85% for VYM, so PSCE leads on 1-year performance. Over the longest common window we track (16 years), PSCE annualized -3.64% vs +7.06% for VYM. Past performance does not guarantee future results.
Which is riskier, PSCE or VYM?
PSCE has been the more volatile fund at 40.9% annualized versus 14.6% for VYM. Worst drawdown: PSCE -96.3% vs VYM -58.8%.
Should I hold both PSCE and VYM?
PSCE and VYM have a monthly-return correlation of 0.67, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCE and VYM?
PSCE and VYM share 11 common holdings with a 0.2% weight overlap. Combined, they hold 623 unique securities.
Which pays a higher dividend, PSCE or VYM?
PSCE yields 2.26% while VYM yields 2.24%, so PSCE currently pays the higher dividend yield.
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