PSCE vs VDE: Grades, Fees and Holdings Compared

Invesco S&P SmallCap Energy ETF

PSCEBNasdaq

Vanguard Energy ETF

VDEANYSE Arca

Overlap

5.1%by weight

Expense ratio

VDE −0.20pt a year

PSCE0.29%VDE0.09%

Avg volume · 30D

VDE 26.0×the volume

PSCE19.5KVDE506K

10Y return · a year

VDE +13.6pt

PSCE−4.0%VDE+9.6%

PSCE vs VDE Performance

Nov 9, 2021 – Nov 9, 2026

+33.4%PSCE+143.9%VDE

Expense ratio: PSCE 0.29%; VDE 0.09%, better
Fund size: PSCE $88M; VDE $10.4B
1Y total return: PSCE +22.7%; VDE +40.2%, better
Yield (12M): PSCE 2.81%, better; VDE 2.37%
Holdings: PSCE 37; VDE 116
Avg volume (30D): PSCE 19.5K sh; VDE 506K sh, better
NAV per share: PSCE $50.68; VDE $171.24
52W range

ETF.net Grade

Pillar letters and Scores for PSCE, VDE, with each pillar’s weight
Pillar	PSCE	VDE
Cost30% weight	A79	A92Higher
Mission25% weight	Not scored	Not scored
Risk15% weight	F6	C48Higher
Tradability15% weight	C51	B61Higher
Holdings10% weight	A78Higher	C50
Durability5% weight	B57	A90Higher

Rank among Energy (Broad) funds

How we build Categories ›

Same Category. PSCE and VDE are both graded against the same 24 Energy (Broad) funds, so their Grades compare head to head.

Energy (Broad)⁠

Category · 24 funds

See all 24 ›

VDE ranks 3rd and PSCE 8th of 24 funds in the Energy (Broad) Category.

Rank 1AXLEState Street Energy Select Sector SPDR ETFScore 80
Rank 2AFENYFidelity MSCI Energy Index ETFScore 78
Rank 3AVDEVanguard Energy ETFScore 71
Rank 4BENFRAlerian Energy Infrastructure ETFScore 65
Rank 6BRSPGInvesco S&P 500 Equal Weight Energy ETFScore 60
Rank 8BPSCEInvesco S&P SmallCap Energy ETFScore 57
Rank 9BEINCVanEck Energy Income ETFScore 55

Our read on each fund

ETF.net Research

PSCEBInvesco S&P SmallCap Energy ETF

VDEAVanguard Energy ETF

In short

PSCE Most energy ETFs are Exxon and Chevron wearing a trench coat. PSCE goes the other way: about 30 small-cap US energy names pulled from the S&P SmallCap 600, capped so no single driller runs the show, for 0.29% a year.

VDE Energy without the mega-cap tunnel vision. VDE tracks an index of roughly 110 US energy stocks, large down to small cap, for 0.09% a year, and it has been running since 2004.

Stated mandate

PSCE The fund seeks to invest at least 90% of its assets in small-capitalization U.S. energy companies included in its underlying index.

VDE The fund seeks to track the MSCI US Investable Market Energy 25/50 Index, which represents large-, mid-, and small-cap U.S. energy-sector stocks.

Why people hold it

PSCE Genuine small-cap exposure: at least 90% of assets sit in small-cap US energy companies from the S&P SmallCap 600, so the mega-cap majors never crowd out the drillers and service names.invesco.com
The 0.29% fee sits below the 0.45% median for broad energy funds, though the index giants (XLE, FENY, VDE) run cheaper at 0.08% to 0.09%.
Rules-based and hands-off: the index is reconstituted and rebalanced quarterly, and its caps stop any one holding from swallowing the portfolio.invesco.com aaii.com
Trading since 2010, it has run through several oil booms and busts, and the portfolio build lands it in the upper half of its broad-energy peer group.

VDE Costs 0.09% a year, a fraction of what the typical energy sector fund charges.
Casts a wider net than mega-cap-only energy funds: about 110 large-, mid- and small-cap US names, from the integrated majors to shale drillers and refiners.vanguard.com
Hugs its benchmark closely and trades actively, which tends to keep spreads slim for everyday buys and sells.
Live since 2004 and one of the strongest builds in the broad energy group, with a Vanguard fee structure that has only ratcheted downward.

Worth knowing

PSCE Concentrated by design: roughly 30 holdings in a non-diversified structure, so one company's earnings miss can move the whole fund.aaii.com
Thinly traded with a modest asset base, so spreads can run wider than the mega-cap energy funds. Limit orders are the usual tool here.
Small-cap energy is one of the market's rougher rides. These names swing hard with oil and gas prices, in both directions.invesco.com

VDE One sector, one storyline: this rides crude and natural gas prices, and it swings harder in both directions than a total-market fund.
Cap-weighted, so a handful of US oil majors carry outsized weight despite the long holdings list; the index's 25/50 rules limit that concentration rather than erase it.vanguard.com
Income arrives quarterly, not monthly, and moves with what energy companies choose to pay out.

Full PSCE profile⁠

Full VDE profile⁠

PSCE vs VDE Holdings

How PSCE and VDE differ

Overlap by weight

5.1%

Shared holdings make up 99.2% of PSCE and 5.1% of VDE.

Level by level

Holdings33 in both5.1%
Sector3 Sectors98.6%
Asset classStocks100%
Countryby domicile100%

Sector

Sector weights in PSCE and VDE, widest gap first
Sector	Gap	PSCE	VDE
Energy	VDE +1.4 points	98.1%	99.5%
Materials	PSCE +0.7 points	1.1%	0.4%
Industrials	PSCE +0.6 points	0.7%	0.1%

Country, concentration and asset class

Country by domicile

Country weights in PSCE and VDE, widest gap first
Country	More in PSCEMore in VDE	Gap	PSCE	VDE
United States		Same weight	100.0%	100.0%

Concentration

Weight in the 10 largest Holdings

PSCE47.5%
VDE67.1%

Securities held

PSCE36
VDE114

Asset class

PSCE: Stocks
VDE: Stocks

Holdings

Only in PSCE3
In both33
Only in VDE81

Only in PSCE

3 securities, 0.8% of PSCE by weight

Hornbeck Offshore Services Inc0.74%
Invesco Government & Agency Portfolio0.05%
Securities Lending - Bnym0.00%

Only in VDE

81 securities, 94.5% of VDE by weight

ExxonMobil Holdings Corp22.88%
Chevron Corp14.42%
ConocoPhillips5.87%
Marathon Petroleum Corp4.46%
Valero Energy Corp4.45%
Phillips 663.94%
Williams Cos Inc/The3.16%
EOG Resources Inc2.85%
SLB Ltd2.83%
Kinder Morgan Inc2.22%
Targa Resources Corp2.21%
Cheniere Energy Inc2.15%
Baker Hughes Co2.07%
ONEOK Inc2.05%
Devon Energy Corp1.99%
Occidental Petroleum Corp1.58%
Diamondback Energy Inc1.32%
EQT Corp1.16%
TechnipFMC PLC1.08%
Halliburton Co1.05%
Expand Energy Corp0.78%
HF Sinclair Corp0.69%
Ovintiv Inc0.66%
Texas Pacific Land Corp0.64%
Apa Corp0.60%
Permian Resources Corp0.60%
DT Midstream Inc0.49%
Antero Resources Corp0.40%
Range Resources Corp0.36%
Chord Energy Corp0.33%
PBF Energy Inc0.32%
Viper Energy Inc0.32%
Antero Midstream Corp0.30%
NOV Inc0.29%
Matador Resources Co0.26%
Weatherford International PLC0.23%
Plains GP Holdings LP0.23%
Murphy Oil Corp0.23%
Transocean Ltd0.22%
Valaris Ltd0.21%
Hess Midstream LP0.21%
Calumet Inc0.19%
Uranium Energy Corp0.19%
CNX Resources Corp0.19%
Select Water Solutions Inc0.13%
Seadrill Ltd0.13%
SLBBH11420.11%
TRS:TEXAS PACIFIC LAND CORP USD 2027-Aug-310.10%
Kosmos Energy Ltd0.10%
Expro Ltd0.09%

Weight gaps

All 33 Holdings in both funds, largest gap first.

Holding weights in PSCE and VDE, widest gap first
Holding	Gap	PSCE	VDE
SM Energy CoSM	PSCE +6.89 points	7.22%	0.33%
Magnolia Oil & Gas CorpMGY	PSCE +5.45 points	5.69%	0.24%
Noble Corp PLCNE	PSCE +5.13 points	5.30%	0.17%
Archrock IncAROC	PSCE +4.68 points	4.90%	0.22%
Kodiak Gas Services IncKGS	PSCE +4.04 points	4.27%	0.23%
Cactus IncWHD	PSCE +3.91 points	4.11%	0.20%
International Seaways IncINSW	PSCE +3.91 points	4.14%	0.23%
Core Natural Resources IncCNR	PSCE +3.79 points	3.99%	0.20%
Delek US Holdings IncDK	PSCE +3.75 points	3.97%	0.22%
California Resources CorpCRC	PSCE +3.73 points	3.89%	0.16%
Solaris Energy Infrastructure IncSEI	PSCE +3.70 points	3.86%	0.16%
Patterson-UTI Energy IncPTEN	PSCE +3.65 points	3.84%	0.19%
Crescent Energy CoCRGY	PSCE +3.57 points	3.74%	0.17%
Helmerich & Payne IncHP	PSCE +3.40 points	3.57%	0.17%
Par Pacific Holdings IncPARR	PSCE +3.25 points	3.46%	0.21%
Oceaneering International IncOII	PSCE +3.25 points	3.46%	0.21%
Tidewater IncTDW	PSCE +3.11 points	3.29%	0.18%
Kinetik Holdings IncKNTK	PSCE +3.01 points	3.14%	0.13%
Northern Oil & Gas IncNOG	PSCE +2.35 points	2.46%	0.11%
Gulfport Energy CorpGPOR	PSCE +2.15 points	2.26%	0.11%
Centrus Energy CorpLEU	PSCE +1.93 points	2.04%	0.11%
Liberty Energy IncLBRT	PSCE +1.85 points	1.98%	0.13%
Peabody Energy CorpBTU	PSCE +1.84 points	1.98%	0.14%
Talos Energy IncTALO	PSCE +1.76 points	1.88%	0.12%
World Kinect CorpWKC	PSCE +1.74 points	1.85%	0.11%
Dorian LPG LtdLPG	PSCE +1.60 points	1.74%	0.14%
CVR Energy IncCVI	PSCE +1.59 points	1.72%	0.13%
Innovex International IncINVX	PSCE +1.23 points	1.30%	0.07%
REX American Resources CorpREX	PSCE +1.04 points	1.13%	0.09%
Comstock Resources IncCRK	PSCE +1.02 points	1.08%	0.06%
Bristow Group IncVTOL	PSCE +0.92 points	0.98%	0.06%
RPC IncRES	PSCE +0.44 points	0.49%	0.05%
Atlas Energy Solutions IncAESI	PSCE +0.40 points	0.45%	0.05%

All 35 PSCE holdings⁠All 111 VDE holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PSCE vs VDE Cost

Overpaying PSCE vs VDE

$4,054

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PSCE 0.29%
$5,952
VDE 0.09%
$1,898

Amount$10,000

Years30 years

Cost over time

PSCE 0.29%
VDE 0.09%
Overpaying

Year by year

Year	PSCE	VDE	Overpaying
10	$527	$165	$362
20	$2,044	$646	$1,398
30	$5,952	$1,898	$4,054

Expense ratio

0.29%PSCE
0.09%VDE, cheaper

VDE0.09%PSCE0.29%

0.08%0.95%

Middle half of Energy (Broad) funds
Median 0.46%

VDE 3rd cheapest of 24 funds

PSCE 5th cheapest of 24 funds

PSCE vs VDE Dividends

Last 12 months to Nov 9, 2026

Yield (12M): PSCE 2.81%, better; VDE 2.37%
Payout (12M): PSCE $1.45; VDE $4.08
Last payment: PSCE $0.41; VDE $1.05
Ex-dividend: PSCE Sep 21, 2026; VDE Sep 23, 2026
Paid on: PSCE Sep 25, 2026; VDE Sep 25, 2026
Frequency: PSCE Quarterly; VDE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PSCEQuarterly · 32 paymentsAll PSCE payments⁠

VDEQuarterly · 39 paymentsAll VDE payments⁠

PSCE vs VDE Risk

Fall from peak · 5 years

PSCE
VDE

Risk facts

VolatilityStd dev, 3 years: PSCE 24.8%VDE 21.2%, better
Return per unit of riskSharpe ratio, 3 years: PSCE 0.20VDE 0.81, better
Worst fallMax drawdown, 5 years: PSCE −45.5%VDE −26.6%, better
Market sensitivityBeta, 5 years: PSCE 0.36VDE −0.01; Market = 1

PSCE and VDE in the news

All news⁠

Category Review
The large US oil-company fund returned 45% this year. A pipeline-and-power fund returned 13%.
Updated Oct 6, 2026VDE
Price vs Value
Vanguard showed a 1.94% discount on an energy fund that closed two cents above its value
Oct 4, 2026VDE
Deep Dive
Energy ETFs returned 43% this year. Two refiners pulled even with the majors
Sep 23, 2026VDE

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