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PSCE vs XLE

Invesco S&P SmallCap Energy ETF

PSCEBNasdaq

State Street Energy Select Sector SPDR ETF

XLEANYSE Arca

Overlap

Expense ratio

XLE −0.21pt a year

PSCE0.29%XLE0.08%

Avg volume · 30D

XLE 1623.8×the volume

PSCE19.5KXLE31.6M

10Y return · a year

XLE +14.2pt

PSCE−4.0%XLE+10.2%

PSCE vs XLE Performance

Nov 9, 2021 – Nov 9, 2026

+33.4%PSCE+149.8%XLE

Nov 9, 2021 to Nov 9, 2026. PSCE +33.4%. XLE +149.8%. Use the arrow keys to read each point.0%100%Nov 2021May 2024Nov 2026
Expense ratio
PSCE 0.29%
XLE 0.08%, better
Fund size
PSCE $88M
XLE $40.5B
1Y total return
PSCE +22.7%
XLE +42.3%, better
Yield (12M)
PSCE 2.81%, better
XLE 2.46%
Holdings
PSCE 37
XLE 23
Avg volume (30D)
PSCE 19.5K sh
XLE 31.6M sh, better
NAV per share
PSCE $50.68
XLE $61.64
52W range

ETF.net Grade

PSCE: Cost 79, Risk 6, Mission not scored, Tradability 51, Holdings 78, Durability 57. XLE: Cost 98, Risk 54, Mission not scored, Tradability 98, Holdings 37, Durability 88.
Pillar letters and Scores for PSCE, XLE, with each pillar’s weight
PillarPSCEXLE
Cost30% weightA79A98Higher
Mission25% weightNot scoredNot scored
Risk15% weightF6C54Higher
Tradability15% weightC51A98Higher
Holdings10% weightA78HigherD37
Durability5% weightB57A88Higher

Rank among Energy (Broad) funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. PSCE and XLE 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 ›

XLE ranks 1st and PSCE 8th of 24 funds in the Energy (Broad) Category.

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

Our read on each fund

ETF.net Research

PSCEBInvesco S&P SmallCap Energy ETF

XLEAState Street Energy Select Sector SPDR 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.

XLE The 1998 original and still the default way to trade US energy: XLE holds only the oil, gas and oilfield services names inside the S&P 500, capped-weighted, for 0.08% a year.

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.

XLE The fund seeks to provide investment results that generally track the price and yield performance of the Energy Select Sector Index before expenses.

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.comaaii.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.
  • XLE 0.08% a year against a 0.45% median for broad energy funds. It ties the cheapest in its group (FENY) and undercuts VDE.
  • Launched December 1998 as one of the first sector ETFs. Today a multi-billion-dollar fund and one of the most heavily traded in its category.
  • Clean pure play: oil, gas and consumable fuels plus energy equipment and services drawn from the S&P 500. No utilities riding along.ssga.com
  • Pays quarterly, and a deep listed options market sits around it for hedging or covered-call work.barchart.com

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
  • XLE A short roster by design, with the integrated majors carrying most of the weight. The index caps weights at each quarterly rebalance so no single stock runs away.spglobal.comssga.com
  • Large-cap US only. Small caps, midstream partnerships and overseas majors sit outside the mandate; FENY and VDE cast a wider net.ssga.com
  • One sector tied to one commodity complex: results move with crude and gas prices, in wider swings than a diversified index.ssga.com

Full PSCE profile⁠

Full XLE profile⁠

PSCE vs XLE 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 XLE Cost

Overpaying PSCE vs XLE

$4,263

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

  • PSCE 0.29%

    $5,952

  • XLE 0.08%

    $1,689

$10,000
30 years

Cost over time

  • PSCE 0.29%
  • XLE 0.08%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K051015202530PSCE $5,952XLE $1,689

Year by year

YearPSCEXLEOverpaying
10$527$147$380
20$2,044$575$1,469
30$5,952$1,689$4,263

Expense ratio

  • 0.29%PSCE
  • 0.08%XLE, cheaper
  • Middle half of Energy (Broad) funds
  • Median 0.46%

XLE cheapest of 24 funds

PSCE 5th cheapest of 24 funds

PSCE vs XLE Dividends

Last 12 months to Nov 9, 2026
Yield (12M)
PSCE 2.81%, better
XLE 2.46%
Payout (12M)
PSCE $1.45
XLE $1.52
Last payment
PSCE $0.41
XLE $0.38
Ex-dividend
PSCE Sep 21, 2026
XLE Sep 21, 2026
Paid on
PSCE Sep 25, 2026
XLE Sep 23, 2026
Frequency
PSCE Quarterly
XLE Quarterly

Distribution history

Per share, 2017 to 2026, same scale for both

PSCEQuarterly · 32 paymentsAll PSCE payments⁠
One bar per payment. 32 payments from 2017 to 2026 YTD. Dec 18, 2017 $0.03; Sep 24, 2018 $0.10; Dec 24, 2018 $0.0029; Sep 23, 2019 $0.0074; Dec 23, 2019 $0.05; Mar 23, 2020 $0.07; Jun 22, 2020 $0.03; Sep 21, 2020 $0.07; Dec 21, 2020 $0.03; Mar 22, 2021 $0.02; Jun 21, 2021 $0.02; Sep 20, 2021 $0.05; Dec 20, 2021 $0.08; Mar 21, 2022 $0.07; Jun 21, 2022 $0.17; Sep 19, 2022 $0.29; Dec 19, 2022 $0.34; Mar 20, 2023 $0.34; Jun 20, 2023 $0.32; Sep 18, 2023 $0.36; Dec 18, 2023 $0.32; Mar 18, 2024 $0.18; Jun 24, 2024 $0.19; Sep 23, 2024 $0.28; Dec 23, 2024 $0.17; Mar 24, 2025 $0.24; Jun 23, 2025 $0.25; Sep 22, 2025 $0.24; Dec 22, 2025 $0.30; Mar 23, 2026 $0.33; Jun 22, 2026 $0.41; Sep 21, 2026 $0.41. Use the arrow keys to read each point.$0$12017202020232026YTD
XLEQuarterly · 40 paymentsAll XLE payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 17, 2017 $0.21; Jun 16, 2017 $0.22; Sep 15, 2017 $0.43; Dec 15, 2017 $0.23; Mar 16, 2018 $0.24; Jun 15, 2018 $0.26; Sep 21, 2018 $0.26; Dec 21, 2018 $0.27; Mar 15, 2019 $0.26; Jun 21, 2019 $0.29; Sep 20, 2019 $0.28; Dec 20, 2019 $0.30; Dec 30, 2019 $0.90; Mar 23, 2020 $0.28; Jun 22, 2020 $0.25; Sep 21, 2020 $0.27; Dec 21, 2020 $0.26; Mar 22, 2021 $0.26; Jun 21, 2021 $0.27; Sep 20, 2021 $0.30; Dec 20, 2021 $0.35; Mar 21, 2022 $0.35; Jun 21, 2022 $0.41; Sep 19, 2022 $0.42; Dec 19, 2022 $0.43; Mar 20, 2023 $0.40; Jun 20, 2023 $0.35; Sep 18, 2023 $0.34; Dec 18, 2023 $0.40; Mar 18, 2024 $0.37; Jun 24, 2024 $0.36; Sep 23, 2024 $0.36; Dec 23, 2024 $0.35; Mar 24, 2025 $0.36; Jun 23, 2025 $0.36; Sep 22, 2025 $0.37; Dec 22, 2025 $0.37; Mar 23, 2026 $0.39; Jun 22, 2026 $0.38; Sep 21, 2026 $0.38. Use the arrow keys to read each point.$0$12017202020232026YTD

PSCE vs XLE Risk

Fall from peak · 5 years

  • PSCE
  • XLE
Nov 9, 2021 to Nov 9, 2026. Worst fall: PSCE −45.5% · Apr 2025. Use the arrow keys to read each point.−50%−40%−30%−20%−10%0%Nov 2021May 2024Nov 2026

Risk facts

VolatilityStd dev, 3 years
PSCE 24.8%XLE 21.3%, better
Return per unit of riskSharpe ratio, 3 years
PSCE 0.20XLE 0.82, better
Worst fallMax drawdown, 5 years
PSCE −45.5%XLE −26.1%, better
Market sensitivityBeta, 5 years
PSCE 0.36XLE −0.02

PSCE and XLE in the news

All news⁠

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