FTXL vs. PSI
Compare and contrast key facts about First Trust Nasdaq Semiconductor ETF (FTXL) and Invesco Dynamic Semiconductors ETF (PSI).
FTXL and PSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FTXL is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Semiconductor Index. It was launched on Sep 20, 2016. PSI is a passively managed fund by Invesco that tracks the performance of the Dynamic Semiconductors Intellidex Index. It was launched on Jun 23, 2005. Both FTXL and PSI are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FTXL or PSI.
Key characteristics
| FTXL | PSI | |
|---|---|---|
| YTD Return | 13.43% | 16.23% |
| 1Y Return | 33.47% | 36.90% |
| 3Y Return (Ann) | 6.92% | 5.10% |
| 5Y Return (Ann) | 19.57% | 22.59% |
| Sharpe Ratio | 1.15 | 1.20 |
| Sortino Ratio | 1.63 | 1.68 |
| Omega Ratio | 1.21 | 1.22 |
| Calmar Ratio | 1.55 | 1.62 |
| Martin Ratio | 4.10 | 4.27 |
| Ulcer Index | 9.46% | 10.03% |
| Daily Std Dev | 33.69% | 35.45% |
| Max Drawdown | -43.87% | -62.96% |
| Current Drawdown | -13.84% | -13.84% |
Correlation
The correlation between FTXL and PSI is 0.95, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FTXL vs. PSI - Performance Comparison
In the year-to-date period, FTXL achieves a 13.43% return, which is significantly lower than PSI's 16.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FTXL vs. PSI - Expense Ratio Comparison
FTXL has a 0.60% expense ratio, which is higher than PSI's 0.56% expense ratio.
Risk-Adjusted Performance
FTXL vs. PSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Nasdaq Semiconductor ETF (FTXL) and Invesco Dynamic 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.
Dividends
FTXL vs. PSI - Dividend Comparison
FTXL's dividend yield for the trailing twelve months is around 0.51%, more than PSI's 0.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FTXL First Trust Nasdaq Semiconductor ETF | 0.51% | 0.60% | 0.89% | 0.25% | 0.48% | 0.92% | 0.70% | 0.47% | 0.12% | 0.00% | 0.00% | 0.00% |
PSI Invesco Dynamic Semiconductors ETF | 0.19% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
Drawdowns
FTXL vs. PSI - Drawdown Comparison
The maximum FTXL drawdown since its inception was -43.87%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for FTXL and PSI. For additional features, visit the drawdowns tool.
Volatility
FTXL vs. PSI - Volatility Comparison
The current volatility for First Trust Nasdaq Semiconductor ETF (FTXL) is 9.52%, while Invesco Dynamic Semiconductors ETF (PSI) has a volatility of 10.25%. This indicates that FTXL 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.