PPSI vs. FTXL

Last updated Jul 14, 2026

PPSI (Pioneer Power Solutions, Inc.) is a stock, while FTXL (First Trust Nasdaq Semiconductor ETF) is Semiconductors fund tracking the Nasdaq U.S. Smart Semiconductor Index. Over the past 5 years, PPSI returned 2.90%/yr vs 30.21%/yr for FTXL. At a 0.21 correlation, their price movements are largely independent.

Performance

PPSI vs. FTXL - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Pioneer Power Solutions, Inc. (PPSI) and First Trust Nasdaq Semiconductor ETF (FTXL). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PPSI achieves a -24.52% return, which is significantly lower than FTXL's 86.56% return.

PPSI

• 1D: -2.19%
• 1M: -12.29%
• 6M: -29.03%
• YTD: -24.52%
• 1Y: 29.82%
• 3Y*: -16.55%
• 5Y*: 2.90%
• 10Y*: 1.49%

FTXL

• 1D: -4.90%
• 1M: -10.51%
• 6M: 67.03%
• YTD: 86.56%
• 1Y: 143.49%
• 3Y*: 50.43%
• 5Y*: 30.21%
• 10Y*: —

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

PPSI vs. FTXL - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PPSI Pioneer Power Solutions, Inc.	-24.52%	14.53%	-19.41%	153.36%	-64.27%	98.74%	70.48%	-38.87%	-31.03%	27.93%
FTXL First Trust Nasdaq Semiconductor ETF	86.56%	48.94%	7.59%	54.41%	-33.88%	36.04%	46.08%	61.77%	-14.47%	32.19%

Correlation

The correlation between PPSI and FTXL is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.31
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Sep 21, 2016	0.21

The correlation between PPSI and FTXL shifts across timeframes, from 0.21 (all time) to 0.35 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

PPSI vs. FTXL — Risk / Return Rank

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

PPSI

PPSI Risk / Return Rank: 60
PPSI Sharpe Ratio Rank: 57
PPSI Sortino Ratio Rank: 64
PPSI Omega Ratio Rank: 62
PPSI Calmar Ratio Rank: 58
PPSI Martin Ratio Rank: 59

FTXL

FTXL Risk / Return Rank: 94
FTXL Sharpe Ratio Rank: 96
FTXL Sortino Ratio Rank: 90
FTXL Omega Ratio Rank: 90
FTXL Calmar Ratio Rank: 96
FTXL Martin Ratio Rank: 96

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.

PPSI vs. FTXL - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Pioneer Power Solutions, Inc. (PPSI) and First Trust Nasdaq Semiconductor ETF (FTXL). 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.

	PPSI	FTXL	Difference
Sharpe ratio: Return per unit of total volatility	0.33	3.32	-2.99
Sortino ratio: Return per unit of downside risk	1.20	3.38	-2.18
Omega ratio: Gain probability vs. loss probability	1.15	1.46	-0.31
Calmar ratio: Return relative to maximum drawdown	0.55	7.74	-7.19
Martin ratio: Return relative to average drawdown	1.25	28.09	-26.84

PPSI vs. FTXL - Sharpe Ratio Comparison

The current PPSI Sharpe Ratio is 0.33, which is lower than the FTXL Sharpe Ratio of 3.32. The chart below compares the historical Sharpe Ratios of PPSI and FTXL, 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

PPSI vs. FTXL - Drawdown Comparison

The maximum PPSI drawdown since its inception was -87.12%, which is greater than FTXL's maximum drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for PPSI and FTXL.

Drawdown Indicators

	PPSI	FTXL	Difference
Max Drawdown Largest peak-to-trough decline	-87.12%	-43.87%	-43.25%
Max Drawdown (1Y) Largest decline over 1 year	-54.60%	-18.65%	-35.95%
Max Drawdown (3Y) Largest decline over 3 years	-65.94%	-41.57%	-24.37%
Max Drawdown (5Y) Largest decline over 5 years	-77.57%	-43.87%	-33.70%
Max Drawdown (10Y) Largest decline over 10 years	-85.40%	—	—
Current Drawdown Current decline from peak	-56.16%	-18.65%	-37.51%
Average Drawdown Average peak-to-trough decline	-46.47%	-10.54%	-35.93%
Ulcer Index Depth and duration of drawdowns from previous peaks	23.83%	5.13%	+18.70%

Volatility

PPSI vs. FTXL - Volatility Comparison

The current volatility for Pioneer Power Solutions, Inc. (PPSI) is 16.22%, while First Trust Nasdaq Semiconductor ETF (FTXL) has a volatility of 22.60%. This indicates that PPSI experiences smaller price fluctuations and is considered to be less risky than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PPSI	FTXL	Difference
Volatility (1M) Calculated over the trailing 1-month period	16.22%	22.60%	-6.38%
Volatility (6M) Calculated over the trailing 6-month period	64.45%	37.47%	+26.98%
Volatility (1Y) Calculated over the trailing 1-year period	91.71%	43.61%	+48.10%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	129.17%	37.69%	+91.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	129.79%	35.02%	+94.77%

Dividends

PPSI vs. FTXL - Dividend Comparison

PPSI has not paid dividends to shareholders, while FTXL's dividend yield for the trailing twelve months is around 0.10%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
FTXL First Trust Nasdaq Semiconductor ETF	0.10%	0.28%	0.54%	0.60%	0.89%	0.25%	0.48%	0.92%	0.71%	0.47%	0.12%
PPSI Pioneer Power Solutions, Inc.	0.00%	0.00%	36.32%	0.00%	0.00%	1.60%	0.00%	60.35%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PPSI and FTXL in my portfolio?

PPSI and FTXL have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PPSI or FTXL?

FTXL has higher volatility (22.60%) compared to PPSI (16.22%). In terms of maximum drawdown, PPSI dropped -87.12% vs FTXL's -43.87%.

Which has better risk-adjusted returns?

FTXL currently has the higher Sharpe Ratio (3.32 vs 0.33), 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.