PSCI vs SPY
Invesco S&P SmallCap Industrials ETF vs State Street SPDR S&P 500 ETF Trust
Which is better, PSCI or SPY?
Small Cap Growth against Large Cap Blend.
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. PSCI is less concentrated, with 22.9% of the fund in its ten largest positions against 38.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | PSCI | SPY |
|---|---|---|
| Expense Ratio | 0.29% | 0.09%Best |
| AUM | $267M | $823.2B |
| Dividend Yield | 1.34% | 0.99% |
| Holdings | 192 | 1,515 |
| YTD Return | +4.45% | +13.53%Best |
| 1Y Return | +8.00% | +17.47%Best |
| 3Y Return (annualized) | +18.14% | +22.36%Best |
| 5Y Return (annualized) | +11.97% | +13.21%Best |
| Volatility (annualized) | 21.6% | 14.4%Best |
| Max Drawdown | -46.3% | -34.1%Best |
| $10,000 over 5 years | $17,600 | $18,596Best |
| Top 10 Weight | 22.9%Best | 38.2% |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Growth | Large Cap Blend |
| Inception | Apr 7, 2010 | Jan 22, 1993 |
Volatility and max drawdown are measured over the window both funds cover: Apr 7, 2010 to Oct 14, 2026 (16.5 years).
PSCI vs SPY growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 16.5 years both funds cover.
PSCI vs SPY Performance
Invesco S&P SmallCap Industrials ETF (PSCI) is an ETF from Invesco (US) and State Street SPDR S&P 500 ETF Trust (SPY) is an ETF from State Street Investment Management. Over the past year PSCI returned +8.00% while SPY returned +17.47%. Year to date, PSCI is up 4.45% versus a gain of 13.53% for SPY.
Over three years, PSCI compounded at +18.14% per year against +22.36% for SPY; over five years the annualized figures are +11.97% and +13.21% respectively. Across the full 17-year window we track, SPY has the edge at +12.52% annualized vs +12.07%.
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 14.4% 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 -34.1% for SPY. Drawdown depth is what each fund did in the worst stretch of the window measured above.
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 1.34% against 0.99% for SPY.
Holdings Overlap
1.9% of PSCI's money is in holdings SPY also owns.
PSCI and SPY share little of their money.
1 positions in common, counted across the 96 positions we hold weights for in PSCI and 504 in SPY, against full books of 192 and 1,515.
What only one of them owns
Our book lists 495 positions for SPY that do not appear in our book for PSCI (99.0% of the fund), and 95 for PSCI that do not appear in SPY (98.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in PSCI | Weight in SPY | Difference |
|---|---|---|---|
| BLDRBuilders Firstsource Inc | 1.95% | 0.01% | 1.94% |
You are not choosing between two funds in isolation.
Whichever of PSCI and SPY you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
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, by $20 a year on a $10,000 investment.
Which performed better, PSCI or SPY?
Over the past year PSCI returned +8.00% vs +17.47% for SPY, so SPY leads on 1-year performance. Over the longest common window we track (17 years), PSCI annualized +12.07% vs +12.52% for SPY. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSCI or SPY?
PSCI has been the more volatile fund at 21.6% annualized versus 14.4% for SPY. Worst drawdown: PSCI -46.3% vs SPY -34.1%.
Should I hold both PSCI and SPY?
PSCI and SPY have a monthly-return correlation of 0.84, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
What is the holdings overlap between PSCI and SPY?
1.9% of PSCI's money is in holdings SPY also owns. 0.0% of SPY's is in holdings PSCI also owns. They hold 1 positions in common, counted across the 96 positions we hold weights for in PSCI and 504 in SPY.
Which pays a higher dividend, PSCI or SPY?
PSCI yields 1.34% while SPY yields 0.99%, so PSCI currently pays the higher dividend yield.
Is SPY better than PSCI?
SPY has a lower expense ratio. SPY led over 1Y, 3Y, 5Y and the full window. PSCI is less concentrated, with 22.9% of the fund in its ten largest positions against 38.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.