HART vs. PSI
Compare and contrast key facts about IQ Healthy Hearts ETF (HART) and Invesco Dynamic Semiconductors ETF (PSI).
HART and PSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HART is a passively managed fund by New York Life that tracks the performance of the IQ Candriam Healthy Hearts Index. It was launched on Jan 14, 2021. 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 HART 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: HART or PSI.
Key characteristics
| HART | PSI | |
|---|---|---|
| YTD Return | 1.91% | 5.23% |
| 1Y Return | 4.29% | 36.44% |
| 3Y Return (Ann) | 4.57% | 8.72% |
| Sharpe Ratio | 0.45 | 1.25 |
| Daily Std Dev | 10.25% | 28.71% |
| Max Drawdown | -17.40% | -62.96% |
| Current Drawdown | -2.62% | -10.53% |
Correlation
The correlation between HART and PSI is 0.57, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
HART vs. PSI - Performance Comparison
In the year-to-date period, HART achieves a 1.91% return, which is significantly lower than PSI's 5.23% 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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HART vs. PSI - Expense Ratio Comparison
HART has a 0.45% expense ratio, which is lower than PSI's 0.56% expense ratio.
Risk-Adjusted Performance
HART vs. PSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for IQ Healthy Hearts ETF (HART) 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
HART vs. PSI - Dividend Comparison
HART's dividend yield for the trailing twelve months is around 1.18%, more than PSI's 0.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HART IQ Healthy Hearts ETF | 1.18% | 1.20% | 1.27% | 0.98% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSI Invesco Dynamic Semiconductors ETF | 0.26% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
Drawdowns
HART vs. PSI - Drawdown Comparison
The maximum HART drawdown since its inception was -17.40%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for HART and PSI. For additional features, visit the drawdowns tool.
Volatility
HART vs. PSI - Volatility Comparison
The current volatility for IQ Healthy Hearts ETF (HART) is 3.45%, while Invesco Dynamic Semiconductors ETF (PSI) has a volatility of 8.92%. This indicates that HART 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.