CRM vs. PSI

Last updated Aug 5, 2026

CRM (Salesforce, Inc.) is a stock, while PSI (Invesco Semiconductors ETF) is Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Over the past 10 years, CRM returned 9.10%/yr vs 31.27%/yr for PSI. Their 0.51 correlation means they have sometimes moved together and sometimes differently.

Performance

CRM vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Salesforce, Inc. (CRM) 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, CRM achieves a -27.54% return, which is significantly lower than PSI's 86.43% return. Over the past 10 years, CRM has underperformed PSI with an annualized return of 9.10%, while PSI has yielded a comparatively higher 31.27% annualized return.

CRM

• 1D: 2.71%
• 1M: 14.98%
• 6M: -2.25%
• YTD: -27.54%
• 1Y: -23.67%
• 3Y*: -3.26%
• 5Y*: -4.96%
• 10Y*: 9.10%
• ALL TIME*: 19.54%

PSI

• 1D: 5.69%
• 1M: -6.97%
• 6M: 56.60%
• YTD: 86.43%
• 1Y: 144.07%
• 3Y*: 47.53%
• 5Y*: 27.95%
• 10Y*: 31.27%
• ALL TIME*: 17.88%

*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)
CRM Salesforce, Inc.	$2.35B	$2.18B	$2.59B
PSI Invesco Semiconductors ETF	$79.02M	$65.33M	$74.92M

CRM vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
CRM Salesforce, Inc.	-27.54%	-20.25%	27.76%	98.46%	-47.83%	14.20%	36.82%	18.74%	33.98%	49.33%
PSI Invesco Semiconductors ETF	86.43%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%

Correlation

The correlation between CRM and PSI is -0.17, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	-0.17
Correlation (3Y) Balances recent behavior with more history.	0.22
Correlation (5Y) Shows whether the relationship held over a longer period.	0.39
Correlation (10Y) Provides a long-term view across more market conditions.	0.46
Correlation (All Time) Calculated using the full available price history since Jun 23, 2005	0.51

The correlation between CRM and PSI shifts across timeframes, from -0.17 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.

Return for Risk

CRM vs. PSI — Risk / Return Rank

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

CRM

CRM Risk / Return Rank: 19
CRM Sharpe Ratio Rank: 16
CRM Sortino Ratio Rank: 17
CRM Omega Ratio Rank: 18
CRM Calmar Ratio Rank: 22
CRM Martin Ratio Rank: 20

PSI

PSI Risk / Return Rank: 89
PSI Sharpe Ratio Rank: 95
PSI Sortino Ratio Rank: 84
PSI Omega Ratio Rank: 86
PSI Calmar Ratio Rank: 90
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.

CRM vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Salesforce, Inc. (CRM) 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.

	CRM	PSI	Difference
Sharpe ratio: Return per unit of total volatility	-0.58	2.89	-3.47
Sortino ratio: Return per unit of downside risk	-0.63	3.03	-3.67
Omega ratio: Gain probability vs. loss probability	0.93	1.41	-0.48
Calmar ratio: Return relative to maximum drawdown	-0.55	4.06	-4.60
Martin ratio: Return relative to average drawdown	-1.00	17.89	-18.89

CRM vs. PSI - Sharpe Ratio Comparison

The current CRM Sharpe Ratio is -0.58, which is lower than the PSI Sharpe Ratio of 2.89. The chart below compares the historical Sharpe Ratios of CRM 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

CRM vs. PSI - Drawdown Comparison

The maximum CRM drawdown since its inception was -70.50%, which is greater than PSI's maximum drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for CRM and PSI.

Drawdown Indicators

	CRM	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-70.50%	-62.96%	-7.54%
Max Drawdown (1Y) Largest decline over 1 year	-43.33%	-35.74%	-7.59%
Max Drawdown (3Y) Largest decline over 3 years	-58.67%	-41.07%	-17.60%
Max Drawdown (5Y) Largest decline over 5 years	-58.67%	-44.85%	-13.82%
Max Drawdown (10Y) Largest decline over 10 years	-58.67%	-44.85%	-13.82%
Current Drawdown Current decline from peak	-47.42%	-21.73%	-25.69%
Average Drawdown Average peak-to-trough decline	-16.38%	-15.92%	-0.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.64%	8.09%	+15.55%

Volatility

CRM vs. PSI - Volatility Comparison

The current volatility for Salesforce, Inc. (CRM) is 14.48%, while Invesco Semiconductors ETF (PSI) has a volatility of 23.52%. This indicates that CRM 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

	CRM	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	14.48%	23.52%	-9.04%
Volatility (6M) Calculated over the trailing 6-month period	33.63%	43.93%	-10.30%
Volatility (1Y) Calculated over the trailing 1-year period	41.06%	50.26%	-9.20%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	37.80%	40.69%	-2.89%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.73%	36.61%	-0.88%

Dividends

CRM vs. PSI - Dividend Comparison

CRM's dividend yield for the trailing twelve months is around 0.90%, more than PSI's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
CRM Salesforce, Inc.	0.90%	0.63%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	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 CRM and PSI in my portfolio?

CRM and PSI have a correlation of -0.17, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, CRM or PSI?

PSI has higher volatility (23.52%) compared to CRM (14.48%). In terms of maximum drawdown, CRM dropped -70.50% vs PSI's -62.96%.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (2.89 vs -0.58), 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.