What Is the PSCI ETF? Returns, Expense Ratio, Holdings and Alternative ETFs Explained
PSCI, the Invesco S&P SmallCap Industrials ETF, is a passive ETF that gives investors exposure to US small-cap industrial companies and pays quarterly dividends. The key selection criteria are the expense ratio, sector concentration, how it differs from large-cap industrial ETFs such as VIS and XLI, and the economic outlook.
SubscribeWhat Is the Invesco S&P SmallCap Industrials ETF?
This is a passive ETF that tracks an index carved out of the industrials sector of the S&P SmallCap 600 Index. It holds US small-cap companies tied to industrial activity, such as machinery, aerospace, construction and electrical equipment, weighted by market capitalization.
It suits risk-tolerant investors who want to bet on an economic recovery in US small caps and the industrials sector.
The ETF is managed by Invesco using a passive (index-tracking) approach.
How Does the Invesco S&P SmallCap Industrials ETF Invest?
| Item | Details |
|---|---|
| Tracked Index | S&P SmallCap 600 Industrials |
| Management Style | Passive (index tracking) |
| Rebalancing Frequency | Quarterly |
| Dividend Frequency | Quarterly |
| Manager | Invesco |
| Expense Ratio | 0.29% |
From the constituents of the S&P SmallCap 600 Index, the fund selects only companies classified in the industrials sector and holds them in proportion to their market capitalization. Because it focuses on small caps, unlike large-cap industrial ETFs, individual stock volatility and sensitivity to the economic cycle tend to be higher.
- Industrials sector exposure limited to small caps
- Passive management based on the S&P SmallCap 600
Invesco S&P SmallCap Industrials ETF Size and Costs (AUM and Expense Ratio)
Assets under management (AUM) stand at $171.1M, and the expense ratio is 0.29% per year.
Invesco S&P SmallCap Industrials ETF Performance and Trends
1-Year Price Performance
Dividend & Yield
52-Week Price RangeAs an industrial small-cap fund, it swings widely with the economic cycle and manufacturing conditions, and it tends to show relatively strong momentum when expectations for economic expansion revive. However, because these are small caps, drawdowns can be deeper during market corrections.
As a thematic small-cap sector ETF, its fund flows react sensitively to market conditions. Money tends to flow into industrials and small caps when expectations of an economic recovery build, but it can flow out when risk aversion is strong.
Invesco S&P SmallCap Industrials ETF Pros and Cons
Its strength is a concentrated thematic exposure to small-cap industrials, while its weakness is high sensitivity to the economic cycle and high volatility.
💪 Key Strengths
⚠️ Points to Watch
Invesco S&P SmallCap Industrials ETF Alternatives and Related Products
If you want the same industrials exposure weighted toward larger companies, the large-cap-focused VIS and XLI, which represents the industrials sector, are often cited as comparisons. To broaden exposure to US small caps in general, IJR, which tracks the S&P SmallCap 600 broadly, is an alternative. Invesco's other small-cap sector series funds, PSCT for technology and PSCH for healthcare, are also direct substitutes that change only the sector, and can be considered alongside it.
Peer Comparison ETFs| Ticker | Name | Price | Change | AUM | Total Expense Ratio | Dividend Yield | 1Y |
|---|---|---|---|---|---|---|---|
 VFH | Vanguard Financials ETF | $141.24 | +0.4% | $13.5B | 0.09% | 1.67% | +9.4% |
 ONEQ | Fidelity Nasdaq Composite Index ETF | $98.82 | -0.7% | $10.4B | 0.21% | 0.52% | +6.7% |
 VIS | Vanguard Industrials ETF | $324.56 | -0.2% | $7.8B | 0.09% | 0.94% | +8.9% |
 IYF | iShares U.S. Financials ETF | $135.08 | +0.6% | $3.9B | 0.37% | 1.44% | +8.5% |
 FV | First Trust Dorsey Wright Focus 5 ETF | $71.51 | -0.1% | $3.7B | 0.89% | 0.37% | +16.1% |
Top Holdings| Ticker | Name | Weight | Price | Change | Market Cap | P/E | Dividend Yield |
|---|---|---|---|---|---|---|---|
 MOG-A | Moog Inc | 0.03% | $342.62 | +0.5% | $10.9B | 29.1 | 0.35% |
 AGX | Argan Inc | 0.03% | $304.40 | -0.6% | $4.3B | 24.1 | 0.69% |
 PAYC | Paycom Software Inc | 0.03% | $237.96 | +0.6% | $10.7B | 22.8 | 0.42% |
 PRIM | Primoris Services Corp | 0.03% | $69.88 | -1.9% | $3.7B | 39.6 | 0.46% |
 JBTM | JBT Marel Corp | 0.03% | $129.74 | +0.2% | $6.6B | 34.4 | 0.31% |
 POWL | Powell Industries Inc | 0.03% | $138.21 | -2.4% | $5.0B | 26.5 | 0.77% |
 ZWS | Zurn Elkay Water Solutions Corp | 0.03% | $45.48 | +0.7% | $7.5B | 26.4 | 1% |
 AWI | Armstrong World Industries Inc | 0.03% | $177.01 | -1.2% | $7.4B | 23.6 | 0.79% |
 ECG | Everus Construction Group | 0.03% | $85.73 | +1.5% | $4.4B | 15.2 | - |
 ESE | Esco Technologies Inc | 0.03% | $238.38 | -0.9% | $7.4B | 43.5 | 0.13% |
Invesco S&P SmallCap Industrials ETF Investor Checkpoints
Here are the points to review before investing in PSCI. Because it is a small-cap sector ETF with a clear theme, it is wise to check its sensitivity to the economic cycle, sector concentration and operating costs in advance.
| Checkpoint | What to Check | Current Status |
|---|---|---|
| 💵 Expense Ratio | Check the impact of cumulative costs over a long holding period | Annual fee applies |
| 📊 Sector Concentration | Degree of exposure to the single industrials sector | High concentration |
| 📉 Economic Sensitivity | Volatility across the economic cycle | Fairly volatile |
| 💱 Exchange Rate | Impact on returns converted into won | No currency hedge |
Because of its concentration in a single sector and in small caps, drawdowns can be deeper when the economy slows or manufacturing conditions deteriorate. It is generally used as a satellite holding rather than a core asset.
It is a satellite asset suited to investors who want to make a thematic bet on US small-cap industrials. For large-cap industrials exposure, VIS and XLI are considered alternatives, and for broad small-cap diversification, IJR is one option.
SubscribeDisclaimer: This content is for informational purposes only and does not constitute investment advice. All investment responsibility lies with the investor.
This article reflects information as of June 19, 2026.
Today's 5 AI picks, all free