PSCI vs SPY
Invesco S&P SmallCap Industrials ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. PSCI delivered stronger 1-year returns. SPY offers more diversification with 505 holdings.
Side-by-Side Comparison
| Metric | PSCI | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $193M | $821.1B | |
| Dividend Yield | 1.21% | 1.01% | |
| Holdings | 90 | 505 | |
| YTD Return | +17.39% | +13.17% | |
| 1Y Return | +23.96% | +21.53% | |
| 3Y Return (annualized) | +21.85% | +22.06% | |
| 5Y Return (annualized) | +15.62% | +13.35% | |
| Volatility (annualized) | 21.6% | 15.3% | |
| Max Drawdown | -46.3% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Jan 22, 1993 |
PSCI vs SPY Performance
Invesco S&P SmallCap Industrials ETF (PSCI) 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 PSCI returned +23.96% while SPY returned +21.53%. Year to date, PSCI is up 17.39% versus a gain of 13.17% for SPY.
Over three years, PSCI compounded at +21.85% per year against +22.06% for SPY; over five years the annualized figures are +15.62% and +13.35% respectively. Across the full 16-year window we track, PSCI has the edge at +12.99% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCI has been the more volatile fund, with annualized monthly volatility of 21.6% 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 -46.3% for PSCI 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 0.84. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCI 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, PSCI currently yields 1.21% against 1.01% for SPY.
Holdings Overlap
PSCI 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, PSCI or SPY?
PSCI 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, PSCI or SPY?
Over the past year PSCI returned +23.96% vs +21.53% for SPY, so PSCI leads on 1-year performance. Over the longest common window we track (16 years), PSCI annualized +12.99% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, PSCI or SPY?
PSCI has been the more volatile fund at 21.6% annualized versus 15.3% for SPY. Worst drawdown: PSCI -46.3% vs SPY -56.5%.
Should I hold both PSCI and SPY?
PSCI and SPY have a monthly-return correlation of 0.84, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCI and SPY?
PSCI and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 592 unique securities.
Which pays a higher dividend, PSCI or SPY?
PSCI yields 1.21% while SPY yields 1.01%, so PSCI currently pays the higher dividend yield.
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