PSI vs. DGRW

Last updated Jun 14, 2026

PSI (Invesco Semiconductors ETF) and DGRW (WisdomTree U.S. Quality Dividend Growth Fund) are both exchange-traded funds - PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index, while DGRW is a Dividend fund tracking the WisdomTree U.S. Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, PSI returned 34.59%/yr vs 14.13%/yr for DGRW. A 0.68 correlation means they provide meaningful diversification when combined. PSI charges 0.56%/yr vs 0.28%/yr for DGRW.

Performance

PSI vs. DGRW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Semiconductors ETF (PSI) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PSI achieves a 112.90% return, which is significantly higher than DGRW's 7.88% return. Over the past 10 years, PSI has outperformed DGRW with an annualized return of 34.59%, while DGRW has yielded a comparatively lower 14.13% annualized return.

PSI

• 1D: 3.00%
• 1M: 9.80%
• YTD: 112.90%
• 6M: 110.54%
• 1Y: 207.41%
• 3Y*: 55.80%
• 5Y*: 32.57%
• 10Y*: 34.59%

DGRW

• 1D: 0.50%
• 1M: -0.55%
• YTD: 7.88%
• 6M: 7.92%
• 1Y: 18.88%
• 3Y*: 15.58%
• 5Y*: 11.95%
• 10Y*: 14.13%

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

PSI vs. DGRW - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PSI Invesco Semiconductors ETF	112.90%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%
DGRW WisdomTree U.S. Quality Dividend Growth Fund	7.88%	12.17%	16.98%	18.66%	-6.33%	24.46%	13.87%	29.54%	-5.38%	26.90%

Correlation

The correlation between PSI and DGRW is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.58
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since May 22, 2013	0.68

The correlation between PSI and DGRW shifts across timeframes, from 0.58 (1 year) to 0.68 (10 years), reflecting how their relationship changes across market environments.

PSI vs. DGRW - Sectors Allocation Comparison

Sectors	PSI	DGRW
Technology	98.4%	32.1%
Industrials	1.6%	9.9%
Basic Materials	-	3.3%
Communication Services	-	10.1%
Consumer Cyclical	-	7.1%
Consumer Defensive	-	6.7%
Energy	-	5.0%
Financial Services	-	11.3%
Healthcare	-	12.8%
Real Estate	-	-
Utilities	-	0.2%

Return for Risk

PSI vs. DGRW — Risk / Return Rank

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

PSI

PSI Risk / Return Rank: 97
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 95
PSI Omega Ratio Rank: 94
PSI Calmar Ratio Rank: 98
PSI Martin Ratio Rank: 98

DGRW

DGRW Risk / Return Rank: 59
DGRW Sharpe Ratio Rank: 60
DGRW Sortino Ratio Rank: 63
DGRW Omega Ratio Rank: 62
DGRW Calmar Ratio Rank: 49
DGRW Martin Ratio Rank: 60

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.

PSI vs. DGRW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Semiconductors ETF (PSI) and WisdomTree U.S. Quality Dividend Growth Fund (DGRW). 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.

	PSI	DGRW	Difference
Sharpe ratio: Return per unit of total volatility	4.92	1.76	+3.16
Sortino ratio: Return per unit of downside risk	4.57	2.53	+2.05
Omega ratio: Gain probability vs. loss probability	1.63	1.32	+0.30
Calmar ratio: Return relative to maximum drawdown	12.90	2.15	+10.75
Martin ratio: Return relative to average drawdown	45.29	9.28	+36.01

PSI vs. DGRW - Sharpe Ratio Comparison

The current PSI Sharpe Ratio is 4.92, which is higher than the DGRW Sharpe Ratio of 1.76. The chart below compares the historical Sharpe Ratios of PSI and DGRW, 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

PSI vs. DGRW - Drawdown Comparison

The maximum PSI drawdown since its inception was -62.96%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for PSI and DGRW.

Drawdown Indicators

	PSI	DGRW	Difference
Max Drawdown Largest peak-to-trough decline	-62.96%	-32.04%	-30.92%
Max Drawdown (1Y) Largest decline over 1 year	-15.48%	-8.30%	-7.18%
Max Drawdown (3Y) Largest decline over 3 years	-41.07%	-16.21%	-24.86%
Max Drawdown (5Y) Largest decline over 5 years	-44.85%	-17.27%	-27.58%
Max Drawdown (10Y) Largest decline over 10 years	-44.85%	-32.04%	-12.81%
Current Drawdown Current decline from peak	0.00%	-1.93%	+1.93%
Average Drawdown Average peak-to-trough decline	-15.92%	-3.01%	-12.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.40%	1.92%	+2.48%

Volatility

PSI vs. DGRW - Volatility Comparison

Invesco Semiconductors ETF (PSI) has a higher volatility of 18.89% compared to WisdomTree U.S. Quality Dividend Growth Fund (DGRW) at 3.41%. This indicates that PSI's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PSI	DGRW	Difference
Volatility (1M) Calculated over the trailing 1-month period	18.89%	3.41%	+15.48%
Volatility (6M) Calculated over the trailing 6-month period	33.67%	8.04%	+25.63%
Volatility (1Y) Calculated over the trailing 1-year period	40.58%	10.16%	+30.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	38.44%	14.01%	+24.43%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	35.42%	16.23%	+19.19%

PSI vs. DGRW - Expense Ratio Comparison

PSI has a 0.56% expense ratio, which is higher than DGRW's 0.28% expense ratio.

Dividends

PSI vs. DGRW - Dividend Comparison

PSI's dividend yield for the trailing twelve months is around 0.04%, less than DGRW's 1.28% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DGRW WisdomTree U.S. Quality Dividend Growth Fund	1.28%	1.43%	1.55%	1.74%	2.15%	1.78%	1.93%	2.20%	2.42%	1.71%	2.13%	2.18%
PSI Invesco Semiconductors ETF	0.04%	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 PSI and DGRW in my portfolio?

PSI and DGRW have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PSI or DGRW?

PSI has higher volatility (18.89%) compared to DGRW (3.41%). In terms of maximum drawdown, PSI dropped -62.96% vs DGRW's -32.04%.

Which ETF is better, PSI or DGRW?

On 10-year performance, PSI leads with 34.59% vs 14.13% for DGRW. On fees, DGRW is cheaper at 0.28% per year. On volatility, DGRW has been the lower-risk option at 3.41%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, PSI or DGRW?

Over the 10-year period, PSI has performed better with a 34.59% return vs 14.13%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, PSI or DGRW?

DGRW is cheaper with a 0.28% expense ratio, compared with 0.56% for PSI.

Which ETF pays a higher dividend yield, PSI or DGRW?

DGRW has the higher dividend yield at 1.28%, compared with 0.04% for PSI.

What is the main difference between PSI and DGRW?

PSI is categorized as Semiconductors, while DGRW is Dividend. PSI tracks Dynamic Semiconductors Intellidex Index, while DGRW tracks WisdomTree U.S. Quality Dividend Growth Index. They also come from different issuers: Invesco and WisdomTree. Their fees differ too: 0.56% for PSI and 0.28% for DGRW.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (4.92 vs 1.76), 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.