BHE vs. PSI

Last updated Aug 1, 2026

BHE (Benchmark Electronics, Inc.) is a stock, while PSI (Invesco Semiconductors ETF) is Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Over the past 10 years, BHE returned 15.29%/yr vs 30.65%/yr for PSI. Their 0.62 correlation means they have sometimes moved together and sometimes differently.

Performance

BHE vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Benchmark Electronics, Inc. (BHE) 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, BHE achieves a 87.48% return, which is significantly higher than PSI's 73.04% return. Over the past 10 years, BHE has underperformed PSI with an annualized return of 15.29%, while PSI has yielded a comparatively higher 30.65% annualized return.

BHE

• 1D: 0.44%
• 1M: -7.38%
• 6M: 53.75%
• YTD: 87.48%
• 1Y: 114.38%
• 3Y*: 46.58%
• 5Y*: 27.39%
• 10Y*: 15.29%
• ALL TIME*: 11.52%

PSI

• 1D: 1.16%
• 1M: -13.65%
• 6M: 46.70%
• YTD: 73.04%
• 1Y: 132.40%
• 3Y*: 41.83%
• 5Y*: 26.56%
• 10Y*: 30.65%
• ALL TIME*: 17.47%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
BHE Benchmark Electronics, Inc.	$34.75M	$38.21M	$42.62M
PSI Invesco Semiconductors ETF	$62.53M	$61.83M	$72.77M

BHE vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
BHE Benchmark Electronics, Inc.	87.48%	-4.19%	67.14%	6.33%	1.13%	2.69%	-18.97%	65.72%	-25.48%	-4.59%
PSI Invesco Semiconductors ETF	73.04%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%

Correlation

The correlation between BHE and PSI is 0.82, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.82
Correlation (3Y) Balances recent behavior with more history.	0.70
Correlation (5Y) Shows whether the relationship held over a longer period.	0.65
Correlation (10Y) Provides a long-term view across more market conditions.	0.62
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005	0.62

The correlation between BHE and PSI shifts across timeframes, from 0.62 (all time) to 0.82 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

BHE vs. PSI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

BHE

BHE Risk / Return Rank: 94
BHE Sharpe Ratio Rank: 96
BHE Sortino Ratio Rank: 93
BHE Omega Ratio Rank: 91
BHE Calmar Ratio Rank: 94
BHE Martin Ratio Rank: 96

PSI

PSI Risk / Return Rank: 90
PSI Sharpe Ratio Rank: 94
PSI Sortino Ratio Rank: 86
PSI Omega Ratio Rank: 87
PSI Calmar Ratio Rank: 89
PSI Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

BHE vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Benchmark Electronics, Inc. (BHE) 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.

	BHE	PSI	Difference
Sharpe ratio: Return per unit of total volatility	2.56	2.61	-0.04
Sortino ratio: Return per unit of downside risk	3.18	2.84	+0.33
Omega ratio: Gain probability vs. loss probability	1.38	1.38	0.00
Calmar ratio: Return relative to maximum drawdown	4.44	3.64	+0.80
Martin ratio: Return relative to average drawdown	15.57	16.65	-1.09

BHE vs. PSI - Sharpe Ratio Comparison

The current BHE Sharpe Ratio is 2.56, which is comparable to the PSI Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of BHE 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

BHE vs. PSI - Drawdown Comparison

The maximum BHE drawdown since its inception was -75.48%, which is greater than PSI's maximum drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for BHE and PSI.

Drawdown Indicators

	BHE	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-75.48%	-62.96%	-12.52%
Max Drawdown (1Y) Largest decline over 1 year	-24.89%	-35.74%	+10.85%
Max Drawdown (3Y) Largest decline over 3 years	-36.73%	-41.07%	+4.34%
Max Drawdown (5Y) Largest decline over 5 years	-36.73%	-44.85%	+8.12%
Max Drawdown (10Y) Largest decline over 10 years	-60.34%	-44.85%	-15.49%
Current Drawdown Current decline from peak	-19.15%	-27.36%	+8.21%
Average Drawdown Average peak-to-trough decline	-25.15%	-15.91%	-9.24%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.09%	7.80%	-0.71%

Volatility

BHE vs. PSI - Volatility Comparison

The current volatility for Benchmark Electronics, Inc. (BHE) is 17.80%, while Invesco Semiconductors ETF (PSI) has a volatility of 24.37%. This indicates that BHE 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

	BHE	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.80%	24.37%	-6.57%
Volatility (6M) Calculated over the trailing 6-month period	35.40%	43.89%	-8.49%
Volatility (1Y) Calculated over the trailing 1-year period	43.21%	50.15%	-6.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.47%	40.59%	-4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.16%	36.55%	+0.61%

Dividends

BHE vs. PSI - Dividend Comparison

BHE's dividend yield for the trailing twelve months is around 0.85%, more than PSI's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BHE Benchmark Electronics, Inc.	0.85%	1.59%	1.48%	2.39%	2.47%	2.42%	2.37%	1.75%	2.83%	0.00%	0.00%	0.00%
PSI Invesco Semiconductors ETF	0.04%	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 BHE and PSI in my portfolio?

BHE and PSI have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, BHE or PSI?

PSI has higher volatility (24.37%) compared to BHE (17.80%). In terms of maximum drawdown, BHE dropped -75.48% vs PSI's -62.96%.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (2.61 vs 2.56), 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.