PSCT vs SPY
Invesco S&P SmallCap Information Technology ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. PSCT delivered stronger 1-year returns. SPY offers more diversification with 503 holdings.
Side-by-Side Comparison
| Metric | PSCT | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.29% | 0.09% | |
| AUM | $493M | $789.1B | |
| Dividend Yield | 0.00% | 1.01% | |
| Holdings | 73 | 505 | |
| YTD Return | +41.33% | +13.75% | |
| 1Y Return | +79.76% | +22.91% | |
| 3Y Return (annualized) | +21.37% | +21.67% | |
| 5Y Return (annualized) | +11.32% | +13.32% | |
| Volatility (annualized) | 22.6% | 15.3% | |
| Max Drawdown | -40.4% | -56.5% | |
| Fund Family | Invesco (US) | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Apr 7, 2010 | Jan 22, 1993 |
PSCT vs SPY Performance
Invesco S&P SmallCap Information Technology ETF (PSCT) 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 PSCT returned +79.76% while SPY returned +22.91%. Year to date, PSCT is up 41.33% versus a gain of 13.75% for SPY.
Over three years, PSCT compounded at +21.37% per year against +21.67% for SPY; over five years the annualized figures are +11.32% and +13.32% respectively. Across the full 16-year window we track, PSCT has the edge at +15.07% annualized vs +8.85%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSCT has been the more volatile fund, with annualized monthly volatility of 22.6% 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 -40.4% for PSCT 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 0.80. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCT 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, PSCT currently yields 0.00% against 1.01% for SPY.
Holdings Overlap
PSCT and SPY share 0 holdings out of 572 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, PSCT or SPY?
PSCT 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, PSCT or SPY?
Over the past year PSCT returned +79.76% vs +22.91% for SPY, so PSCT leads on 1-year performance. Over the longest common window we track (16 years), PSCT annualized +15.07% vs +8.85% for SPY. Past performance does not guarantee future results.
Which is riskier, PSCT or SPY?
PSCT has been the more volatile fund at 22.6% annualized versus 15.3% for SPY. Worst drawdown: PSCT -40.4% vs SPY -56.5%.
Should I hold both PSCT and SPY?
PSCT and SPY have a monthly-return correlation of 0.80, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSCT and SPY?
PSCT and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 572 unique securities.
Which pays a higher dividend, PSCT or SPY?
PSCT yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.
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