PSI vs. SSG
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and Proshares Ultrashort Semiconductors (SSG).
PSI and SSG 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. SSG is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Semiconductors Index (-200%). It was launched on Jan 30, 2007. Both PSI and SSG 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 SSG.
Key characteristics
| PSI | SSG | |
|---|---|---|
| YTD Return | 16.55% | -71.06% |
| 1Y Return | 23.59% | -76.84% |
| 3Y Return (Ann) | 10.27% | -62.43% |
| 5Y Return (Ann) | 25.60% | -66.59% |
| 10Y Return (Ann) | 22.81% | -54.92% |
| Sharpe Ratio | 0.75 | -1.01 |
| Daily Std Dev | 33.12% | 76.63% |
| Max Drawdown | -62.96% | -100.00% |
| Current Drawdown | -13.59% | -100.00% |
Correlation
The correlation between PSI and SSG is -0.91. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PSI vs. SSG - Performance Comparison
In the year-to-date period, PSI achieves a 16.55% return, which is significantly higher than SSG's -71.06% return. Over the past 10 years, PSI has outperformed SSG with an annualized return of 22.81%, while SSG has yielded a comparatively lower -54.92% 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. SSG - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is lower than SSG's 0.95% expense ratio.
Risk-Adjusted Performance
PSI vs. SSG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and Proshares Ultrashort Semiconductors (SSG). 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. SSG - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.22%, less than SSG's 13.09% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSI Invesco Dynamic Semiconductors ETF | 0.22% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
SSG Proshares Ultrashort Semiconductors | 13.09% | 6.73% | 0.36% | 0.00% | 0.34% | 1.81% | 0.63% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PSI vs. SSG - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, smaller than the maximum SSG drawdown of -100.00%. Use the drawdown chart below to compare losses from any high point for PSI and SSG. For additional features, visit the drawdowns tool.
Volatility
PSI vs. SSG - Volatility Comparison
The current volatility for Invesco Dynamic Semiconductors ETF (PSI) is 12.72%, while Proshares Ultrashort Semiconductors (SSG) has a volatility of 30.72%. This indicates that PSI experiences smaller price fluctuations and is considered to be less risky than SSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.