PSCM vs SPY
Invesco S&P SmallCap Materials ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. PSCM delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PSCM | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $21M | $789.1B | |
| Dividend Yield | 0.97% | 1.01% | |
| Holdings | 27 | 505 | |
| YTD Return | +20.55% | +13.75% | |
| 1Y Return | +38.29% | +22.91% | |
| 3Y Return (annualized) | +15.71% | +21.67% | |
| 5Y Return (annualized) | +10.16% | +13.32% | |
| Volatility (annualized) | 24.4% | 15.3% | |
| Max Drawdown | -52.5% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Jan 22, 1993 |
PSCM vs SPY Performance
Invesco S&P SmallCap Materials ETF (PSCM) 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 PSCM returned +38.29% while SPY returned +22.91%. Year to date, PSCM is up 20.55% versus a gain of 13.75% for SPY.
Over three years, PSCM compounded at +15.71% per year against +21.67% for SPY; over five years the annualized figures are +10.16% and +13.32% respectively. Across the full 16-year window we track, PSCM has the edge at +9.16% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCM has been the more volatile fund, with annualized monthly volatility of 24.4% 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 -52.5% for PSCM 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 0.76. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCM 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, PSCM currently yields 0.97% against 1.01% for SPY.
Holdings Overlap
PSCM and SPY share 0 holdings out of 528 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, PSCM or SPY?
PSCM 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, PSCM or SPY?
Over the past year PSCM returned +38.29% vs +22.91% for SPY, so PSCM leads on 1-year performance. Over the longest common window we track (16 years), PSCM annualized +9.16% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, PSCM or SPY?
PSCM has been the more volatile fund at 24.4% annualized versus 15.3% for SPY. Worst drawdown: PSCM -52.5% vs SPY -56.5%.
Should I hold both PSCM and SPY?
PSCM and SPY have a monthly-return correlation of 0.76, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCM and SPY?
PSCM and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 528 unique securities.
Which pays a higher dividend, PSCM or SPY?
PSCM yields 0.97% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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