PSI vs. FSELX
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and Fidelity Select Semiconductors Portfolio (FSELX).
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. FSELX is managed by Fidelity. It was launched on Jul 29, 1985.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSI or FSELX.
Performance
PSI vs. FSELX - Performance Comparison
Returns By Period
In the year-to-date period, PSI achieves a 9.15% return, which is significantly lower than FSELX's 37.98% return. Over the past 10 years, PSI has outperformed FSELX with an annualized return of 21.93%, while FSELX has yielded a comparatively lower 18.04% annualized return.
PSI
9.15%
-5.33%
-8.19%
23.46%
21.55%
21.93%
FSELX
37.98%
-4.48%
5.09%
40.60%
23.04%
18.04%
Key characteristics
| PSI | FSELX | |
|---|---|---|
| Sharpe Ratio | 0.67 | 1.13 |
| Sortino Ratio | 1.09 | 1.65 |
| Omega Ratio | 1.14 | 1.21 |
| Calmar Ratio | 0.90 | 1.68 |
| Martin Ratio | 2.30 | 4.77 |
| Ulcer Index | 10.33% | 8.57% |
| Daily Std Dev | 35.56% | 36.04% |
| Max Drawdown | -62.96% | -81.70% |
| Current Drawdown | -19.08% | -11.60% |
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PSI vs. FSELX - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is lower than FSELX's 0.68% expense ratio.
Correlation
The correlation between PSI and FSELX is 0.93, 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.
Risk-Adjusted Performance
PSI vs. FSELX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and Fidelity Select Semiconductors Portfolio (FSELX). 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. FSELX - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.20%, more than FSELX's 0.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSI Invesco Dynamic Semiconductors ETF | 0.20% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
FSELX Fidelity Select Semiconductors Portfolio | 0.07% | 0.10% | 0.18% | 0.04% | 0.51% | 0.76% | 0.76% | 1.04% | 0.71% | 16.31% | 3.48% | 0.61% |
Drawdowns
PSI vs. FSELX - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, smaller than the maximum FSELX drawdown of -81.70%. Use the drawdown chart below to compare losses from any high point for PSI and FSELX. For additional features, visit the drawdowns tool.
Volatility
PSI vs. FSELX - Volatility Comparison
Invesco Dynamic Semiconductors ETF (PSI) and Fidelity Select Semiconductors Portfolio (FSELX) have volatilities of 9.56% and 9.31%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.