AIVC vs. PSI

Last updated Jun 24, 2026

AIVC (Amplify Bloomberg AI Value Chain ETF) and PSI (Invesco Semiconductors ETF) are both exchange-traded funds - AIVC is a Technology Equities fund tracking the Bloomberg AI Value Chain Index, while PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Both are passively managed. Over the past 10 years, AIVC returned 16.72%/yr vs 35.27%/yr for PSI. A 0.69 correlation means they provide meaningful diversification when combined. AIVC charges 0.59%/yr vs 0.56%/yr for PSI.

Performance

AIVC vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Amplify Bloomberg AI Value Chain ETF (AIVC) and Invesco Semiconductors ETF (PSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AIVC achieves a 66.45% return, which is significantly lower than PSI's 116.16% return. Over the past 10 years, AIVC has underperformed PSI with an annualized return of 16.72%, while PSI has yielded a comparatively higher 35.27% annualized return.

AIVC

• 1D: -4.78%
• 1M: 7.56%
• YTD: 66.45%
• 6M: 65.87%
• 1Y: 125.43%
• 3Y*: 48.25%
• 5Y*: 16.85%
• 10Y*: 16.72%

PSI

• 1D: -7.60%
• 1M: 10.87%
• YTD: 116.16%
• 6M: 110.97%
• 1Y: 200.81%
• 3Y*: 58.76%
• 5Y*: 32.86%
• 10Y*: 35.27%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AIVC vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AIVC Amplify Bloomberg AI Value Chain ETF	66.45%	39.94%	18.22%	39.28%	-38.91%	-7.23%	41.45%	27.78%	-18.62%	35.42%
PSI Invesco Semiconductors ETF	116.16%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%

Correlation

The correlation between AIVC and PSI is 0.80, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.80
Correlation (3Y) Calculated over the trailing 3-year period	0.78
Correlation (5Y) Calculated over the trailing 5-year period	0.76
Correlation (10Y) Calculated over the trailing 10-year period	0.69
Correlation (All Time) Calculated using the full available price history since Mar 9, 2016	0.69

The correlation between AIVC and PSI shifts across timeframes, from 0.69 (all time) to 0.80 (1 year), reflecting how their relationship changes across market environments.

AIVC vs. PSI - Sectors Allocation Comparison

Sectors	AIVC	PSI
Technology	91.8%	98.4%
Communication Services	4.8%	-
Consumer Cyclical	2.9%	-
Financial Services	0.4%	-
Basic Materials	-	-
Consumer Defensive	-	-
Energy	-	-
Healthcare	-	-
Industrials	-	1.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

AIVC vs. PSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AIVC

AIVC Risk / Return Rank: 94
AIVC Sharpe Ratio Rank: 96
AIVC Sortino Ratio Rank: 91
AIVC Omega Ratio Rank: 91
AIVC Calmar Ratio Rank: 96
AIVC Martin Ratio Rank: 95

PSI

PSI Risk / Return Rank: 96
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 93
PSI Omega Ratio Rank: 93
PSI Calmar Ratio Rank: 98
PSI Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AIVC vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amplify Bloomberg AI Value Chain ETF (AIVC) and Invesco Semiconductors ETF (PSI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	AIVC	PSI	Difference
Sharpe ratio: Return per unit of total volatility	3.91	4.79	-0.88
Sortino ratio: Return per unit of downside risk	4.06	4.40	-0.33
Omega ratio: Gain probability vs. loss probability	1.55	1.61	-0.06
Calmar ratio: Return relative to maximum drawdown	8.94	13.06	-4.12
Martin ratio: Return relative to average drawdown	27.60	45.36	-17.77

AIVC vs. PSI - Sharpe Ratio Comparison

The current AIVC Sharpe Ratio is 3.91, which is comparable to the PSI Sharpe Ratio of 4.79. The chart below compares the historical Sharpe Ratios of AIVC and PSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

AIVC vs. PSI - Drawdown Comparison

The maximum AIVC drawdown since its inception was -56.11%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for AIVC and PSI.

Drawdown Indicators

	AIVC	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-56.11%	-62.96%	+6.85%
Max Drawdown (1Y) Largest decline over 1 year	-14.11%	-15.48%	+1.37%
Max Drawdown (3Y) Largest decline over 3 years	-32.55%	-41.07%	+8.52%
Max Drawdown (5Y) Largest decline over 5 years	-53.58%	-44.85%	-8.73%
Max Drawdown (10Y) Largest decline over 10 years	-56.11%	-44.85%	-11.26%
Current Drawdown Current decline from peak	-8.48%	-7.60%	-0.88%
Average Drawdown Average peak-to-trough decline	-16.38%	-15.90%	-0.48%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.56%	4.45%	+0.11%

Volatility

AIVC vs. PSI - Volatility Comparison

The current volatility for Amplify Bloomberg AI Value Chain ETF (AIVC) is 15.81%, while Invesco Semiconductors ETF (PSI) has a volatility of 21.88%. This indicates that AIVC experiences smaller price fluctuations and is considered to be less risky than PSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AIVC	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	15.81%	21.88%	-6.07%
Volatility (6M) Calculated over the trailing 6-month period	26.60%	35.15%	-8.55%
Volatility (1Y) Calculated over the trailing 1-year period	32.28%	42.19%	-9.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	30.73%	38.84%	-8.11%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.16%	35.61%	-8.45%

AIVC vs. PSI - Expense Ratio Comparison

AIVC has a 0.59% expense ratio, which is higher than PSI's 0.56% expense ratio.

Dividends

AIVC vs. PSI - Dividend Comparison

AIVC's dividend yield for the trailing twelve months is around 0.10%, more than PSI's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AIVC Amplify Bloomberg AI Value Chain ETF	0.10%	0.17%	0.21%	0.00%	0.00%	0.00%	0.39%	1.16%	0.38%	0.92%	0.64%	0.00%
PSI Invesco Semiconductors ETF	0.03%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%

Frequently Asked Questions

Can I hold both AIVC and PSI in my portfolio?

AIVC and PSI have a correlation of 0.80, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, AIVC or PSI?

PSI has higher volatility (21.88%) compared to AIVC (15.81%). In terms of maximum drawdown, AIVC dropped -56.11% vs PSI's -62.96%.

Which ETF is better, AIVC or PSI?

On 10-year performance, PSI leads with 35.27% vs 16.72% for AIVC. On fees, PSI is cheaper at 0.56% per year. On volatility, AIVC has been the lower-risk option at 15.81%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, AIVC or PSI?

Over the 10-year period, PSI has performed better with a 35.27% return vs 16.72%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, AIVC or PSI?

PSI is cheaper with a 0.56% expense ratio, compared with 0.59% for AIVC.

Which ETF pays a higher dividend yield, AIVC or PSI?

AIVC has the higher dividend yield at 0.10%, compared with 0.03% for PSI.

What is the main difference between AIVC and PSI?

AIVC is categorized as Technology Equities, while PSI is Semiconductors. AIVC tracks Bloomberg AI Value Chain Index, while PSI tracks Dynamic Semiconductors Intellidex Index. They also come from different issuers: Amplify and Invesco. Their fees differ too: 0.59% for AIVC and 0.56% for PSI.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (4.79 vs 3.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.