PSI vs. SSG
Compare and contrast key facts about Invesco 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.
Performance
PSI vs. SSG - Performance Comparison
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PSI vs. SSG - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSI Invesco Semiconductors ETF | 19.68% | 36.32% | 17.17% | 49.06% | -34.43% | 46.55% | 56.75% | 52.49% | -11.55% | 40.16% |
SSG Proshares Ultrashort Semiconductors | -1.48% | -70.03% | -77.59% | -78.69% | 37.90% | -67.46% | -76.50% | -63.33% | -0.79% | -51.60% |
Returns By Period
In the year-to-date period, PSI achieves a 19.68% return, which is significantly higher than SSG's -1.48% return. Over the past 10 years, PSI has outperformed SSG with an annualized return of 27.52%, while SSG has yielded a comparatively lower -58.81% annualized return.
PSI
- 1D
- 6.62%
- 1M
- -4.66%
- YTD
- 19.68%
- 6M
- 34.22%
- 1Y
- 99.43%
- 3Y*
- 32.09%
- 5Y*
- 17.89%
- 10Y*
- 27.52%
SSG
- 1D
- -11.17%
- 1M
- 5.14%
- YTD
- -1.48%
- 6M
- -17.04%
- 1Y
- -76.82%
- 3Y*
- -69.74%
- 5Y*
- -60.78%
- 10Y*
- -58.81%
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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.
Return for Risk
PSI vs. SSG — Risk / Return Rank
PSI
SSG
PSI vs. SSG - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco 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.
| PSI | SSG | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.29 | -1.00 | +3.29 |
Sortino ratioReturn per unit of downside risk | 2.79 | -1.90 | +4.70 |
Omega ratioGain probability vs. loss probability | 1.39 | 0.76 | +0.63 |
Calmar ratioReturn relative to maximum drawdown | 5.26 | -0.90 | +6.16 |
Martin ratioReturn relative to average drawdown | 19.05 | -1.04 | +20.09 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PSI | SSG | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.29 | -1.00 | +3.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | -0.79 | +1.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.80 | -0.86 | +1.66 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | -0.75 | +1.25 |
Correlation
The correlation between PSI and SSG is -0.90. 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.
Dividends
PSI vs. SSG - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.08%, less than SSG's 5.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSI Invesco Semiconductors ETF | 0.08% | 0.10% | 0.15% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% |
SSG Proshares Ultrashort Semiconductors | 5.30% | 9.19% | 7.67% | 6.73% | 0.75% | 0.00% | 0.34% | 1.81% | 0.62% | 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.
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Drawdown Indicators
| PSI | SSG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.96% | -100.00% | +37.04% |
Max Drawdown (1Y)Largest decline over 1 year | -18.67% | -85.01% | +66.34% |
Max Drawdown (5Y)Largest decline over 5 years | -44.85% | -99.37% | +54.52% |
Max Drawdown (10Y)Largest decline over 10 years | -44.85% | -99.99% | +55.14% |
Current DrawdownCurrent decline from peak | -9.88% | -100.00% | +90.12% |
Average DrawdownAverage peak-to-trough decline | -16.05% | -88.49% | +72.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.15% | 73.38% | -68.23% |
Volatility
PSI vs. SSG - Volatility Comparison
The current volatility for Invesco Semiconductors ETF (PSI) is 16.03%, while Proshares Ultrashort Semiconductors (SSG) has a volatility of 22.18%. 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.
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Volatility by Period
| PSI | SSG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 16.03% | 22.18% | -6.15% |
Volatility (6M)Calculated over the trailing 6-month period | 29.69% | 49.00% | -19.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 43.61% | 77.13% | -33.52% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 37.38% | 77.03% | -39.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 34.66% | 68.55% | -33.89% |