PSI vs. VONG
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and Vanguard Russell 1000 Growth ETF (VONG).
PSI and VONG 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. VONG is a passively managed fund by Vanguard that tracks the performance of the Russell 1000 Growth Index. It was launched on Sep 20, 2010. Both PSI and VONG 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 VONG.
Performance
PSI vs. VONG - Performance Comparison
Returns By Period
In the year-to-date period, PSI achieves a 9.15% return, which is significantly lower than VONG's 28.47% return. Over the past 10 years, PSI has outperformed VONG with an annualized return of 21.93%, while VONG has yielded a comparatively lower 16.33% annualized return.
PSI
9.15%
-5.33%
-8.19%
23.46%
21.55%
21.93%
VONG
28.47%
1.90%
13.41%
35.48%
19.06%
16.33%
Key characteristics
| PSI | VONG | |
|---|---|---|
| Sharpe Ratio | 0.67 | 2.15 |
| Sortino Ratio | 1.09 | 2.81 |
| Omega Ratio | 1.14 | 1.40 |
| Calmar Ratio | 0.90 | 2.74 |
| Martin Ratio | 2.30 | 10.82 |
| Ulcer Index | 10.33% | 3.32% |
| Daily Std Dev | 35.56% | 16.70% |
| Max Drawdown | -62.96% | -32.72% |
| Current Drawdown | -19.08% | -2.80% |
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PSI vs. VONG - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is higher than VONG's 0.08% expense ratio.
Correlation
The correlation between PSI and VONG is 0.76, 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. VONG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and Vanguard Russell 1000 Growth ETF (VONG). 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. VONG - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.20%, less than VONG's 0.60% 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% |
VONG Vanguard Russell 1000 Growth ETF | 0.60% | 0.71% | 0.98% | 0.58% | 0.77% | 1.03% | 1.18% | 1.19% | 1.48% | 1.47% | 1.43% | 1.28% |
Drawdowns
PSI vs. VONG - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, which is greater than VONG's maximum drawdown of -32.72%. Use the drawdown chart below to compare losses from any high point for PSI and VONG. For additional features, visit the drawdowns tool.
Volatility
PSI vs. VONG - Volatility Comparison
Invesco Dynamic Semiconductors ETF (PSI) has a higher volatility of 9.56% compared to Vanguard Russell 1000 Growth ETF (VONG) at 5.59%. This indicates that PSI's price experiences larger fluctuations and is considered to be riskier than VONG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.