ARMH vs. PSI

Last updated Jun 4, 2026

ARMH (Arm Holdings PLC ADRhedged ETF) and PSI (Invesco Semiconductors ETF) are both exchange-traded funds - ARMH is a Technology Equities fund actively managed by Precidian, while PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. ARMH is actively managed, while PSI is passively managed. At a correlation of -0.80, they often move in opposite directions. ARMH charges 0.19%/yr vs 0.56%/yr for PSI.

Performance

ARMH vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Arm Holdings PLC ADRhedged ETF (ARMH) and Invesco Semiconductors ETF (PSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ARMH

• 1D: 2.87%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSI

• 1D: 1.35%
• 1M: 21.18%
• YTD: 107.72%
• 6M: 104.36%
• 1Y: 208.96%
• 3Y*: 57.01%
• 5Y*: 31.86%
• 10Y*: 34.28%

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

ARMH vs. PSI - Yearly Performance Comparison

	2026 (YTD)
ARMH Arm Holdings PLC ADRhedged ETF	23.00%
PSI Invesco Semiconductors ETF	3.36%

Correlation

The correlation between ARMH and PSI is -0.80, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (All Time) Calculated using the full available price history since May 29, 2026	-0.80

Return for Risk

ARMH vs. PSI — Risk / Return Rank

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

PSI

PSI Risk / Return Rank: 96
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 95
PSI Omega Ratio Rank: 94
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.

ARMH vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Arm Holdings PLC ADRhedged ETF (ARMH) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	ARMH	PSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	5.58	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.85	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.98	—
Sharpe Ratio (All Time) Calculated using the full available price history	471,500.14	0.59	+471,499.55

Drawdowns

ARMH vs. PSI - Drawdown Comparison

The maximum ARMH drawdown since its inception was -1.61%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for ARMH and PSI.

Drawdown Indicators

	ARMH	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-1.61%	-62.96%	+61.35%
Max Drawdown (1Y) Largest decline over 1 year	—	-15.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-41.07%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-44.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.85%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-0.40%	-15.94%	+15.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.26%	—

Volatility

Volatility by Period

	ARMH	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	13.60%	—
Volatility (6M) Calculated over the trailing 6-month period	—	30.09%	—
Volatility (1Y) Calculated over the trailing 1-year period	113.00%	37.75%	+75.25%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	113.00%	37.85%	+75.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	113.00%	35.09%	+77.91%

ARMH vs. PSI - Expense Ratio Comparison

ARMH has a 0.19% expense ratio, which is lower than PSI's 0.56% expense ratio.

Dividends

ARMH vs. PSI - Dividend Comparison

ARMH has not paid dividends to shareholders, while PSI's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ARMH Arm Holdings PLC ADRhedged ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PSI Invesco Semiconductors ETF	0.05%	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 ARMH and PSI in my portfolio?

ARMH 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 ETF is better, ARMH or PSI?

On fees, ARMH is cheaper at 0.19% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ARMH or PSI?

ARMH is cheaper with a 0.19% expense ratio, compared with 0.56% for PSI.

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

PSI has the higher dividend yield at 0.05%, compared with 0.00% for ARMH.

What is the main difference between ARMH and PSI?

ARMH is categorized as Technology Equities, while PSI is Semiconductors. They also come from different issuers: Precidian and Invesco. Their fees differ too: 0.19% for ARMH and 0.56% for PSI.