PSI vs. SOXX
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and iShares PHLX Semiconductor ETF (SOXX).
PSI and SOXX 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. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. Both PSI and SOXX 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 SOXX.
Key characteristics
| PSI | SOXX | |
|---|---|---|
| YTD Return | 13.26% | 15.05% |
| 1Y Return | 51.97% | 64.77% |
| 3Y Return (Ann) | 15.08% | 21.15% |
| 5Y Return (Ann) | 26.62% | 31.49% |
| 10Y Return (Ann) | 25.77% | 28.27% |
| Sharpe Ratio | 1.80 | 2.26 |
| Daily Std Dev | 28.89% | 28.71% |
| Max Drawdown | -62.96% | -69.65% |
| Current Drawdown | -3.71% | -7.08% |
Correlation
The correlation between PSI and SOXX 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.
Performance
PSI vs. SOXX - Performance Comparison
In the year-to-date period, PSI achieves a 13.26% return, which is significantly lower than SOXX's 15.05% return. Over the past 10 years, PSI has underperformed SOXX with an annualized return of 25.77%, while SOXX has yielded a comparatively higher 28.27% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSI vs. SOXX - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is higher than SOXX's 0.46% expense ratio.
Risk-Adjusted Performance
PSI vs. SOXX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and iShares PHLX Semiconductor ETF (SOXX). 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. SOXX - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.24%, less than SOXX's 1.66% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
SOXX iShares PHLX Semiconductor ETF | 1.66% | 2.35% | 3.76% | 1.91% | 2.43% | 3.70% | 4.11% | 2.70% | 3.23% | 3.86% | 4.69% | 3.55% |
Drawdowns
PSI vs. SOXX - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, smaller than the maximum SOXX drawdown of -69.65%. Use the drawdown chart below to compare losses from any high point for PSI and SOXX. For additional features, visit the drawdowns tool.
Volatility
PSI vs. SOXX - Volatility Comparison
Invesco Dynamic Semiconductors ETF (PSI) and iShares PHLX Semiconductor ETF (SOXX) have volatilities of 9.49% and 9.20%, 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.