PSCF vs VYM
Invesco S&P SmallCap Financials ETF vs Vanguard High Dividend Yield ETF
Quick Verdict
VYM has a lower expense ratio. VYM delivered stronger 1-year returns. VYM offers more diversification with 616 holdings.
Side-by-Side Comparison
| Metric | PSCF | VYM | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.04% | |
| AUM | $28M | $81.6B | |
| Dividend Yield | 2.12% | 2.24% | |
| Holdings | 168 | 616 | |
| YTD Return | +18.02% | +15.84% | |
| 1Y Return | +22.69% | +23.95% | |
| 3Y Return (annualized) | +18.26% | +19.02% | |
| 5Y Return (annualized) | +6.04% | +12.19% | |
| Volatility (annualized) | 19.6% | 14.6% | |
| Max Drawdown | -49.9% | -58.8% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Nov 10, 2006 |
PSCF vs VYM Performance
Invesco S&P SmallCap Financials ETF (PSCF) is a ETF from Invesco (US) and Vanguard High Dividend Yield ETF (VYM) is a ETF from Vanguard (US). Over the past year PSCF returned +22.69% while VYM returned +23.95%. Year to date, PSCF is up 18.02% versus a gain of 15.84% for VYM.
Over three years, PSCF compounded at +18.26% per year against +19.02% for VYM; over five years the annualized figures are +6.04% and +12.19% respectively. Across the full 16-year window we track, VYM has the edge at +7.07% annualized vs +6.99%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCF has been the more volatile fund, with annualized monthly volatility of 19.6% 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 -49.9% for PSCF 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 0.82. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCF 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, PSCF currently yields 2.12% against 2.24% for VYM.
Holdings Overlap
PSCF and VYM share 57 holdings out of 712 unique holdings combined, representing a 0.8% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSCF or VYM?
PSCF 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, PSCF or VYM?
Over the past year PSCF returned +22.69% vs +23.95% for VYM, so VYM leads on 1-year performance. Over the longest common window we track (16 years), PSCF annualized +6.99% vs +7.07% for VYM. Past performance does not guarantee future results.
Which is riskier, PSCF or VYM?
PSCF has been the more volatile fund at 19.6% annualized versus 14.6% for VYM. Worst drawdown: PSCF -49.9% vs VYM -58.8%.
Should I hold both PSCF and VYM?
PSCF and VYM have a monthly-return correlation of 0.82, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCF and VYM?
PSCF and VYM share 57 common holdings with a 0.8% weight overlap. Combined, they hold 712 unique securities.
Which pays a higher dividend, PSCF or VYM?
PSCF yields 2.12% while VYM yields 2.24%, so VYM currently pays the higher dividend yield.
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