LEN vs. PSI

Last updated Jun 5, 2026

LEN (Lennar Corporation) is a stock, while PSI (Invesco Semiconductors ETF) is Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Over the past 10 years, LEN returned 8.85%/yr vs 34.03%/yr for PSI. At a 0.43 correlation, their price movements are largely independent.

Performance

LEN vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lennar Corporation (LEN) 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, LEN achieves a -9.75% return, which is significantly lower than PSI's 104.81% return. Over the past 10 years, LEN has underperformed PSI with an annualized return of 8.85%, while PSI has yielded a comparatively higher 34.03% annualized return.

LEN

• 1D: 2.71%
• 1M: 6.59%
• YTD: -9.75%
• 6M: -26.80%
• 1Y: -15.10%
• 3Y*: -3.90%
• 5Y*: 1.18%
• 10Y*: 8.85%

PSI

• 1D: -1.40%
• 1M: 15.64%
• YTD: 104.81%
• 6M: 101.91%
• 1Y: 200.06%
• 3Y*: 57.17%
• 5Y*: 31.49%
• 10Y*: 34.03%

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

LEN vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
LEN Lennar Corporation	-9.75%	-20.80%	-7.32%	66.92%	-20.64%	53.99%	37.97%	42.96%	-37.91%	50.28%
PSI Invesco Semiconductors ETF	104.81%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%

Correlation

The correlation between LEN and PSI is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.20
Correlation (3Y) Calculated over the trailing 3-year period	0.29
Correlation (5Y) Calculated over the trailing 5-year period	0.39
Correlation (10Y) Calculated over the trailing 10-year period	0.36
Correlation (All Time) Calculated using the full available price history since Jun 24, 2005	0.43

Over the past year, the correlation between LEN and PSI has dropped to 0.20 - well below their long-term average of 0.43, suggesting their price drivers have been diverging.

Return for Risk

LEN vs. PSI — Risk / Return Rank

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

LEN

LEN Risk / Return Rank: 26
LEN Sharpe Ratio Rank: 24
LEN Sortino Ratio Rank: 23
LEN Omega Ratio Rank: 23
LEN Calmar Ratio Rank: 29
LEN Martin Ratio Rank: 29

PSI

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

LEN vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lennar Corporation (LEN) 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.

	LEN	PSI	Difference
Sharpe ratio: Return per unit of total volatility	-0.41	5.34	-5.75
Sortino ratio: Return per unit of downside risk	-0.38	4.97	-5.35
Omega ratio: Gain probability vs. loss probability	0.96	1.67	-0.71
Calmar ratio: Return relative to maximum drawdown	-0.37	13.01	-13.38
Martin ratio: Return relative to average drawdown	-0.70	47.17	-47.88
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LEN vs. PSI - Sharpe Ratio Comparison

The current LEN Sharpe Ratio is -0.41, which is lower than the PSI Sharpe Ratio of 5.34. The chart below compares the historical Sharpe Ratios of LEN 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.

Sharpe Ratios by Period

	LEN	PSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.41	5.34	-5.75
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.03	0.84	-0.80
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.24	0.97	-0.73
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	0.59	-0.27

Drawdowns

LEN vs. PSI - Drawdown Comparison

The maximum LEN drawdown since its inception was -94.28%, which is greater than PSI's maximum drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for LEN and PSI.

Drawdown Indicators

	LEN	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-94.28%	-62.96%	-31.32%
Max Drawdown (1Y) Largest decline over 1 year	-41.39%	-15.48%	-25.91%
Max Drawdown (3Y) Largest decline over 3 years	-54.51%	-41.07%	-13.44%
Max Drawdown (5Y) Largest decline over 5 years	-54.51%	-44.85%	-9.66%
Max Drawdown (10Y) Largest decline over 10 years	-58.80%	-44.85%	-13.95%
Current Drawdown Current decline from peak	-49.21%	-1.40%	-47.81%
Average Drawdown Average peak-to-trough decline	-26.29%	-15.93%	-10.36%
Ulcer Index Depth and duration of drawdowns from previous peaks	21.49%	4.26%	+17.23%

Volatility

LEN vs. PSI - Volatility Comparison

The current volatility for Lennar Corporation (LEN) is 10.21%, while Invesco Semiconductors ETF (PSI) has a volatility of 13.55%. This indicates that LEN 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

	LEN	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.21%	13.55%	-3.34%
Volatility (6M) Calculated over the trailing 6-month period	26.63%	30.12%	-3.49%
Volatility (1Y) Calculated over the trailing 1-year period	37.27%	37.72%	-0.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	34.46%	37.84%	-3.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	37.23%	35.09%	+2.14%

Dividends

LEN vs. PSI - Dividend Comparison

LEN's dividend yield for the trailing twelve months is around 2.18%, more than PSI's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
LEN Lennar Corporation	2.18%	1.95%	1.47%	1.01%	1.66%	0.86%	0.82%	0.29%	0.41%	0.25%	0.37%	0.33%
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 LEN and PSI in my portfolio?

LEN and PSI have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, LEN or PSI?

PSI has higher volatility (13.55%) compared to LEN (10.21%). In terms of maximum drawdown, LEN dropped -94.28% vs PSI's -62.96%.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (5.34 vs -0.41), 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.