Invesco S&P SmallCap Health Care ETF (PSCH) Performance
PSCH total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +22.6% since Dec 31, 2025
- 1 year
- +27.0% total return
- 5 years
- −2.0% a year
- 10 years
- +8.7% a year
- Since first price
- +12.1% a year since 2010
PSCH trailing returns vs SPY, QQQ, AGG
| Period | PSCH total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | +2.7% | +2.7% | −1.0% | −5.0% | +0.9% |
| 3 months | +2.0% | +2.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +22.5% | +22.5% | +7.8% | +8.4% | −1.5% |
| YTD | +22.6% | +22.6% | +12.3% | +15.1% | −1.0% |
| 1 year | +27.0% | +27.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +53.1%+15.3%/yr | +52.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −9.8%−2.0%/yr | −10.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +130.3%+8.7%/yr | +129.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +461.6%+12.2%/yr | +446.0% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionApr 7, 2010 | +566.5%+12.1%/yr | +546.2% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PSCH vs SPY
From Apr 7, 2010: PSCH grew to $66,647, SPY to $85,896.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSCH returns by calendar year
12 of 15 full years positive. Best 2013 (+56.0%), worst 2022 (−26.5%). 2026 is year to date.
PSCH annual returns table
| Year | PSCH | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +22.6% | −14.9% | +12.3% | +15.1% | −1.0% |
| 2025 | −0.5% | −23.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +3.8% | −9.3% | +24.9% | +25.6% | +1.3% |
| 2023 | −2.7% | −28.5% | +26.2% | +54.9% | +5.7% |
| 2022 | −26.5% | −30.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +5.8% | −15.5% | +28.7% | +27.4% | −1.8% |
| 2020 | +31.5% | −35.9% | +18.3% | +48.6% | +7.5% |
| 2019 | +20.2% | −12.7% | +31.2% | +39.0% | +8.5% |
| 2018 | +9.1% | −30.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +34.9% | −6.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +1.7% | −17.3% | +12.0% | +7.1% | +2.4% |
| 2015 | +20.3% | −15.0% | +1.2% | +9.4% | +0.5% |
| 2014 | +9.5% | −10.2% | +13.5% | +19.2% | +6.0% |
| 2013 | +56.0% | −4.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +12.6% | −12.3% | +16.0% | +18.1% | +3.8% |
| 2011 | +12.5% | −24.9% | +1.9% | +3.4% | +7.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PSCH largest drawdowns
Now 18.0% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 25, 2021 | −47.3% | Oct 27, 2023 | not yet | 2.3 years | 5.3 years so far |
| Aug 31, 2018 | −38.9% | Mar 18, 2020 | Nov 9, 2020 | 1.5 years | 2.2 years |
| Jul 7, 2011 | −24.9% | Aug 8, 2011 | Feb 27, 2012 | 32 days | 8 months |
| Aug 5, 2015 | −22.5% | Feb 11, 2016 | Sep 7, 2016 | 6 months | 1.1 years |
| Sep 22, 2016 | −17.3% | Nov 3, 2016 | Feb 14, 2017 | 42 days | 5 months |
| Apr 29, 2010 | −14.2% | Aug 24, 2010 | Oct 18, 2010 | 4 months | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PSCH risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2010 |
|---|---|---|---|---|
| Annualized return | +11.6% | −3.0% | +7.8% | +11.9% |
| Volatility (annualized) | 21.4% | 21.1% | 21.4% | 19.7% |
| Sharpe ratio | 0.41 | -0.21 | 0.35 | 0.60 |
| Sortino ratio | 0.76 | -0.31 | 0.54 | 0.96 |
| Best month | +16.1% | +16.1% | +16.1% | +16.1% |
| Worst month | −7.8% | −13.0% | −16.6% | −16.6% |
| Best 12 months | +39.8% | +39.8% | +78.0% | +78.0% |
| Worst 12 months | −17.5% | −27.9% | −29.4% | −29.4% |
| Positive months | 53% | 50% | 57% | 60% |
| Beta vs S&P 500 | 0.84 | 0.84 | 0.98 | — |
| Correlation with S&P 500 | 0.49 | 0.63 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PSCH rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 187 | −29.4% | +13.5% | +78.0% | 71% |
| 3-year (a year) | 163 | −13.0% | +15.2% | +29.9% | 81% |
| 5-year (a year) | 139 | −7.6% | +15.3% | +26.6% | 85% |
| 10-year (a year) | 79 | +4.6% | +11.1% | +21.1% | 100% |
Every holding period starting at a month-end since 2010. Returns for 3 years and longer are annualized.
PSCH performance overview
Invesco S&P SmallCap Health Care ETF (PSCH) returned +27.0% over the past year and +8.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2010 it has returned +12.1% a year, turning $10,000 into about $66,647. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −47.3%, from Jun 25, 2021 to Oct 27, 2023; the fund has not yet regained that high. PSCH finished 12 of its 15 full calendar years with a gain; the best year was 2013 (+56.0%) and the worst 2022 (−26.5%). Volatility has been 19.7% a year.
Related: PSCH chart, PSCH holdings, PSCH dividends. See the PSCH overview for the latest quote and fund facts.
PSCH performance FAQ
What is the PSCH return over the past year?
PSCH returned +27.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 27.0%.
What is the average annual return of PSCH?
PSCH has returned −2.0% a year over 5 years, +8.7% a year over 10 years, +12.1% a year since April 7, 2010 (total return, distributions reinvested).
How much would $10,000 invested in PSCH be worth?
$10,000 invested in PSCH at its first recorded close on April 7, 2010 would be worth about $66,647 on October 23, 2026 with distributions reinvested.
What was the worst year for PSCH?
The worst calendar year was 2022, with a total return of −26.5%. The best was 2013 at +56.0%.
What is the biggest drawdown of PSCH?
The largest peak-to-trough decline was −47.3% between June 25, 2021 and October 27, 2023. It has not yet recovered to that high; it is 18.0% below its peak.
How volatile is PSCH?
Over the past 3 years PSCH had an annualized volatility of 21.4% and a Sharpe ratio of 0.41 (excess return over 1–3 month T-bills per unit of risk).