PSI vs. QQQ
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and Invesco QQQ (QQQ).
PSI and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both PSI and QQQ 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 QQQ.
Performance
PSI vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, PSI achieves a 7.69% return, which is significantly lower than QQQ's 21.78% return. Over the past 10 years, PSI has outperformed QQQ with an annualized return of 21.80%, while QQQ has yielded a comparatively lower 17.95% annualized return.
PSI
7.69%
-6.45%
-7.52%
22.15%
20.56%
21.80%
QQQ
21.78%
1.15%
10.25%
29.54%
20.42%
17.95%
Key characteristics
| PSI | QQQ | |
|---|---|---|
| Sharpe Ratio | 0.62 | 1.70 |
| Sortino Ratio | 1.03 | 2.29 |
| Omega Ratio | 1.14 | 1.31 |
| Calmar Ratio | 0.84 | 2.19 |
| Martin Ratio | 2.16 | 7.96 |
| Ulcer Index | 10.26% | 3.72% |
| Daily Std Dev | 35.47% | 17.39% |
| Max Drawdown | -62.96% | -82.98% |
| Current Drawdown | -20.16% | -3.42% |
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PSI vs. QQQ - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between PSI and QQQ 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.
Risk-Adjusted Performance
PSI vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.20%, less than QQQ's 0.61% 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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
PSI vs. QQQ - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PSI and QQQ. For additional features, visit the drawdowns tool.
Volatility
PSI vs. QQQ - Volatility Comparison
Invesco Dynamic Semiconductors ETF (PSI) has a higher volatility of 9.41% compared to Invesco QQQ (QQQ) at 5.62%. This indicates that PSI's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.