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PSI vs. SMH
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Key characteristics


PSISMH
YTD Return13.35%27.69%
1Y Return52.00%82.58%
3Y Return (Ann)15.01%25.86%
5Y Return (Ann)26.07%35.33%
10Y Return (Ann)25.49%29.21%
Sharpe Ratio1.772.84
Daily Std Dev28.84%28.54%
Max Drawdown-62.96%-95.73%
Current Drawdown-3.62%-4.64%

Correlation

-0.50.00.51.00.9

The correlation between PSI and SMH 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.

Performance

PSI vs. SMH - Performance Comparison

In the year-to-date period, PSI achieves a 13.35% return, which is significantly lower than SMH's 27.69% return. Over the past 10 years, PSI has underperformed SMH with an annualized return of 25.49%, while SMH has yielded a comparatively higher 29.21% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.


1,000.00%1,500.00%2,000.00%2,500.00%December2024FebruaryMarchAprilMay
1,347.48%
2,378.27%
PSI
SMH

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.


Invesco Dynamic Semiconductors ETF

VanEck Vectors Semiconductor ETF

PSI vs. SMH - Expense Ratio Comparison

PSI has a 0.56% expense ratio, which is higher than SMH's 0.35% expense ratio.


PSI
Invesco Dynamic Semiconductors ETF
Expense ratio chart for PSI: current value at 0.56% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.56%
Expense ratio chart for SMH: current value at 0.35% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.35%

Risk-Adjusted Performance

PSI vs. SMH - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and VanEck Vectors Semiconductor ETF (SMH). 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.


PSI
Sharpe ratio
The chart of Sharpe ratio for PSI, currently valued at 1.77, compared to the broader market0.002.004.001.77
Sortino ratio
The chart of Sortino ratio for PSI, currently valued at 2.46, compared to the broader market-2.000.002.004.006.008.0010.002.46
Omega ratio
The chart of Omega ratio for PSI, currently valued at 1.29, compared to the broader market0.501.001.502.002.501.29
Calmar ratio
The chart of Calmar ratio for PSI, currently valued at 1.87, compared to the broader market0.002.004.006.008.0010.0012.0014.001.87
Martin ratio
The chart of Martin ratio for PSI, currently valued at 6.66, compared to the broader market0.0020.0040.0060.0080.006.66
SMH
Sharpe ratio
The chart of Sharpe ratio for SMH, currently valued at 2.84, compared to the broader market0.002.004.002.84
Sortino ratio
The chart of Sortino ratio for SMH, currently valued at 3.72, compared to the broader market-2.000.002.004.006.008.0010.003.72
Omega ratio
The chart of Omega ratio for SMH, currently valued at 1.45, compared to the broader market0.501.001.502.002.501.45
Calmar ratio
The chart of Calmar ratio for SMH, currently valued at 3.94, compared to the broader market0.002.004.006.008.0010.0012.0014.003.94
Martin ratio
The chart of Martin ratio for SMH, currently valued at 14.50, compared to the broader market0.0020.0040.0060.0080.0014.50

PSI vs. SMH - Sharpe Ratio Comparison

The current PSI Sharpe Ratio is 1.77, which is lower than the SMH Sharpe Ratio of 2.84. The chart below compares the 12-month rolling Sharpe Ratio of PSI and SMH.


Rolling 12-month Sharpe Ratio1.001.502.002.503.003.50December2024FebruaryMarchAprilMay
1.77
2.84
PSI
SMH

Dividends

PSI vs. SMH - Dividend Comparison

PSI's dividend yield for the trailing twelve months is around 0.24%, less than SMH's 0.47% yield.


TTM20232022202120202019201820172016201520142013
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%
SMH
VanEck Vectors Semiconductor ETF
0.47%0.60%2.37%1.02%1.38%6.00%3.75%2.85%1.61%4.28%2.31%3.11%

Drawdowns

PSI vs. SMH - Drawdown Comparison

The maximum PSI drawdown since its inception was -62.96%, smaller than the maximum SMH drawdown of -95.73%. Use the drawdown chart below to compare losses from any high point for PSI and SMH. For additional features, visit the drawdowns tool.


-15.00%-10.00%-5.00%0.00%December2024FebruaryMarchAprilMay
-3.62%
-4.64%
PSI
SMH

Volatility

PSI vs. SMH - Volatility Comparison

Invesco Dynamic Semiconductors ETF (PSI) and VanEck Vectors Semiconductor ETF (SMH) have volatilities of 10.09% and 10.13%, 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.


5.00%6.00%7.00%8.00%9.00%10.00%11.00%12.00%December2024FebruaryMarchAprilMay
10.09%
10.13%
PSI
SMH