PSI vs. FTXL
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and First Trust Nasdaq Semiconductor ETF (FTXL).
PSI and FTXL are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. FTXL is a passively managed fund by First Trust that tracks the performance of the Nasdaq U.S. Smart Semiconductor Index. It was launched on Sep 20, 2016. Both PSI and FTXL are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSI or FTXL.
Performance
PSI vs. FTXL - Performance Comparison
Returns By Period
In the year-to-date period, PSI achieves a 9.15% return, which is significantly higher than FTXL's 6.88% return.
PSI
9.15%
-5.33%
-8.19%
23.46%
21.55%
21.93%
FTXL
6.88%
-6.71%
-4.86%
20.17%
18.24%
N/A
Key characteristics
| PSI | FTXL | |
|---|---|---|
| Sharpe Ratio | 0.67 | 0.62 |
| Sortino Ratio | 1.09 | 1.03 |
| Omega Ratio | 1.14 | 1.13 |
| Calmar Ratio | 0.90 | 0.83 |
| Martin Ratio | 2.30 | 2.13 |
| Ulcer Index | 10.33% | 9.77% |
| Daily Std Dev | 35.56% | 33.74% |
| Max Drawdown | -62.96% | -43.87% |
| Current Drawdown | -19.08% | -18.82% |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PSI vs. FTXL - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is lower than FTXL's 0.60% expense ratio.
Correlation
The correlation between PSI and FTXL is 0.95, 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. FTXL - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) 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.
Dividends
PSI vs. FTXL - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.20%, less than FTXL's 0.54% 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% |
FTXL First Trust Nasdaq Semiconductor ETF | 0.54% | 0.60% | 0.89% | 0.25% | 0.48% | 0.92% | 0.70% | 0.47% | 0.12% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSI vs. FTXL - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, which is greater than FTXL's maximum drawdown of -43.87%. Use the drawdown chart below to compare losses from any high point for PSI and FTXL. For additional features, visit the drawdowns tool.
Volatility
PSI vs. FTXL - Volatility Comparison
Invesco Dynamic Semiconductors ETF (PSI) has a higher volatility of 9.56% compared to First Trust Nasdaq Semiconductor ETF (FTXL) at 8.76%. This indicates that PSI's price experiences larger fluctuations and is considered to be riskier than FTXL based on this measure. The chart below showcases a comparison of their rolling one-month volatility.