PSI vs. AMAT
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and Applied Materials, Inc. (AMAT).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSI or AMAT.
Key characteristics
| PSI | AMAT | |
|---|---|---|
| YTD Return | 13.26% | 27.71% |
| 1Y Return | 51.97% | 79.52% |
| 3Y Return (Ann) | 15.08% | 19.38% |
| 5Y Return (Ann) | 26.62% | 39.46% |
| 10Y Return (Ann) | 25.77% | 27.96% |
| Sharpe Ratio | 1.80 | 2.35 |
| Daily Std Dev | 28.89% | 34.28% |
| Max Drawdown | -62.96% | -85.22% |
| Current Drawdown | -3.71% | -2.98% |
Correlation
The correlation between PSI and AMAT is 0.80, 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
PSI vs. AMAT - Performance Comparison
In the year-to-date period, PSI achieves a 13.26% return, which is significantly lower than AMAT's 27.71% return. Over the past 10 years, PSI has underperformed AMAT with an annualized return of 25.77%, while AMAT has yielded a comparatively higher 27.96% annualized 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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Risk-Adjusted Performance
PSI vs. AMAT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and Applied Materials, Inc. (AMAT). 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
PSI vs. AMAT - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.24%, less than AMAT's 0.62% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSI Invesco Dynamic Semiconductors ETF | 0.24% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
AMAT Applied Materials, Inc. | 0.62% | 0.75% | 1.05% | 0.60% | 1.01% | 1.36% | 2.14% | 0.78% | 1.24% | 2.14% | 1.61% | 2.21% |
Drawdowns
PSI vs. AMAT - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, smaller than the maximum AMAT drawdown of -85.22%. Use the drawdown chart below to compare losses from any high point for PSI and AMAT. For additional features, visit the drawdowns tool.
Volatility
PSI vs. AMAT - Volatility Comparison
The current volatility for Invesco Dynamic Semiconductors ETF (PSI) is 9.49%, while Applied Materials, Inc. (AMAT) has a volatility of 10.08%. This indicates that PSI experiences smaller price fluctuations and is considered to be less risky than AMAT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.