PSCF vs QQQ
Invesco S&P SmallCap Financials ETF vs Invesco QQQ Trust, Series 1
Quick Verdict
QQQ has a lower expense ratio. QQQ delivered stronger 1-year returns. PSCF offers more diversification with 168 holdings.
Side-by-Side Comparison
| Metric | PSCF | QQQ | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.18% | |
| AUM | $28M | $496.3B | |
| Dividend Yield | 2.12% | 0.44% | |
| Holdings | 168 | 108 | |
| YTD Return | +16.95% | +17.07% | |
| 1Y Return | +20.67% | +26.39% | |
| 3Y Return (annualized) | +18.34% | +26.08% | |
| 5Y Return (annualized) | +6.27% | +15.18% | |
| Volatility (annualized) | 19.6% | 30.6% | |
| Max Drawdown | -49.9% | -83.0% | |
| Fund Family | Invesco (US) | Invesco (US) | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Mar 10, 1999 |
PSCF vs QQQ Performance
Invesco S&P SmallCap Financials ETF (PSCF) is a ETF from Invesco (US) and Invesco QQQ Trust, Series 1 (QQQ) is a ETF from Invesco (US). Over the past year PSCF returned +20.67% while QQQ returned +26.39%. Year to date, PSCF is up 16.95% versus a gain of 17.07% for QQQ.
Over three years, PSCF compounded at +18.34% per year against +26.08% for QQQ; over five years the annualized figures are +6.27% and +15.18% respectively. Across the full 16-year window we track, QQQ has the edge at +13.05% annualized vs +6.93%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
QQQ has been the more volatile fund, with annualized monthly volatility of 30.6% compared with 19.6% for PSCF. 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 -49.9% for PSCF and -83.0% for QQQ. 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 0.57. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PSCF charges 0.29% per year while QQQ charges 0.18%. On a $10,000 position that is $29 vs $18 annually, a gap of $11 per year that compounds over a long holding period. On income, PSCF currently yields 2.12% against 0.44% for QQQ.
Holdings Overlap
PSCF and QQQ share 0 holdings out of 268 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, PSCF or QQQ?
PSCF has an expense ratio of 0.29% while QQQ charges 0.18%. QQQ is the cheaper option. On a $10,000 investment, that is $11 per year of difference.
Which performed better, PSCF or QQQ?
Over the past year PSCF returned +20.67% vs +26.39% for QQQ, so QQQ leads on 1-year performance. Over the longest common window we track (16 years), PSCF annualized +6.93% vs +13.05% for QQQ. Past performance does not guarantee future results.
Which is riskier, PSCF or QQQ?
QQQ has been the more volatile fund at 30.6% annualized versus 19.6% for PSCF. Worst drawdown: PSCF -49.9% vs QQQ -83.0%.
Should I hold both PSCF and QQQ?
PSCF and QQQ have a monthly-return correlation of 0.57, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCF and QQQ?
PSCF and QQQ share 0 common holdings with a 0.0% weight overlap. Combined, they hold 268 unique securities.
Which pays a higher dividend, PSCF or QQQ?
PSCF yields 2.12% while QQQ yields 0.44%, so PSCF currently pays the higher dividend yield.
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