PSCU vs SPSM
Invesco S&P SmallCap Utilities & Communication Services ETF vs State Street SPDR Portfolio S&P 600 Small Cap ETF
Which is better, PSCU or SPSM?
SPSM has been ahead.
SPSM has a lower expense ratio. SPSM led over 1Y, 3Y, 5Y and the full window. SPSM is less concentrated, with 5.4% of the fund in its ten largest positions against 53.0%.
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 | PSCU | SPSM |
|---|---|---|
| Expense Ratio | 0.29% | 0.03%Best |
| AUM | $14M | $15.7B |
| Dividend Yield | 0.85% | 1.56% |
| Holdings | 74 | 610 |
| YTD Return | +3.85% | +12.56%Best |
| 1Y Return | +3.45% | +15.96%Best |
| 3Y Return (annualized) | +7.40% | +15.04%Best |
| 5Y Return (annualized) | -1.14% | +5.39%Best |
| Volatility (annualized) | 16.0%Best | 19.4% |
| Max Drawdown | -30.4%Best | -44.4% |
| $10,000 over 5 years | $9,443 | $13,002Best |
| Top 10 Weight | 53.0% | 5.4%Best |
| Fund Family | Invesco (US) | State Street Investment Management |
| Category | Equity | Equity |
| Style | Small Cap Blend | Small Cap Blend |
| Inception | Apr 7, 2010 | Jul 8, 2013 |
Volatility and max drawdown are measured over the window both funds cover: Jul 9, 2013 to Oct 14, 2026 (13.3 years).
PSCU vs SPSM 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 13.3 years both funds cover.
PSCU vs SPSM Performance
Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU) is an ETF from Invesco (US) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) is an ETF from State Street Investment Management. Over the past year PSCU returned +3.45% while SPSM returned +15.96%. Year to date, PSCU is up 3.85% versus a gain of 12.56% for SPSM.
Over three years, PSCU compounded at +7.40% per year against +15.04% for SPSM; over five years the annualized figures are -1.14% and +5.39% respectively. Across the full 13-year window we track, SPSM has the edge at +8.27% annualized vs +5.15%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
SPSM has been the more volatile fund, with annualized monthly volatility of 19.4% compared with 16.0% for PSCU. 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 -30.4% for PSCU and -44.4% for SPSM. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.73. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSCU charges 0.29% per year while SPSM charges 0.03%. On a $10,000 position that is $29 vs $3 annually, a gap of $26 per year that compounds over a long holding period. On income, PSCU currently yields 0.85% against 1.56% for SPSM.
Holdings Overlap
91.1% of PSCU's money is in holdings SPSM also owns. 5.3% of SPSM's money is in holdings PSCU also owns.
Most of PSCU is already inside SPSM. Owning both mostly buys the same companies twice.
31 positions in common, counted across the 34 positions we hold weights for in PSCU and 605 in SPSM, against full books of 74 and 610.
What only one of them owns
Our book lists 563 positions for SPSM that do not appear in our book for PSCU (93.0% of the fund), and 3 for PSCU that do not appear in SPSM (8.9%).
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 PSCU | Weight in SPSM | Difference |
|---|---|---|---|
| MTCHMatch Group Inc | 9.59% | 0.56% | 9.03% |
| MSGSMadison Square Garden Co/the | 7.25% | 0.40% | 6.85% |
| LUMNLumen Technologies Inc | 5.65% | 0.37% | 5.28% |
| IRDMIridium Communications Inc | 5.37% | 0.28% | 5.09% |
| VSNTVersant Media Group Inc-Wi | 4.50% | 0.30% | 4.20% |
| MDUMdu Resources | 4.05% | 0.23% | 3.82% |
| OTTROtter Tail Corp. | 3.87% | 0.21% | 3.66% |
| CNKCinemark Usa Inc. | 3.81% | 0.20% | 3.61% |
| CWENClearway Energy Inc | 3.68% | 0.21% | 3.47% |
| TDSTelephone And Data System Preferred Stock | 3.59% | 0.21% | 3.38% |
91.1% of PSCU is already inside SPSM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, PSCU or SPSM?
PSCU has an expense ratio of 0.29% while SPSM charges 0.03%. SPSM is the cheaper option, by $26 a year on a $10,000 investment.
Which performed better, PSCU or SPSM?
Over the past year PSCU returned +3.45% vs +15.96% for SPSM, so SPSM leads on 1-year performance. Over the longest common window we track (13 years), PSCU annualized +5.15% vs +8.27% for SPSM. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, PSCU or SPSM?
SPSM has been the more volatile fund at 19.4% annualized versus 16.0% for PSCU. Worst drawdown: PSCU -30.4% vs SPSM -44.4%.
Should I hold both PSCU and SPSM?
PSCU and SPSM have a monthly-return correlation of 0.73, 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 PSCU and SPSM?
91.1% of PSCU's money is in holdings SPSM also owns. 5.3% of SPSM's is in holdings PSCU also owns. They hold 31 positions in common, counted across the 34 positions we hold weights for in PSCU and 605 in SPSM.
Which pays a higher dividend, PSCU or SPSM?
PSCU yields 0.85% while SPSM yields 1.56%, so SPSM currently pays the higher dividend yield.
Is SPSM better than PSCU?
SPSM has a lower expense ratio. SPSM led over 1Y, 3Y, 5Y and the full window. SPSM is less concentrated, with 5.4% of the fund in its ten largest positions against 53.0%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.