PSI vs. VOO
Compare and contrast key facts about Invesco Dynamic Semiconductors ETF (PSI) and Vanguard S&P 500 ETF (VOO).
PSI and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PSI and VOO 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 VOO.
Key characteristics
| PSI | VOO | |
|---|---|---|
| YTD Return | 13.35% | 9.95% |
| 1Y Return | 52.00% | 28.35% |
| 3Y Return (Ann) | 15.01% | 9.61% |
| 5Y Return (Ann) | 26.07% | 14.49% |
| 10Y Return (Ann) | 25.49% | 12.71% |
| Sharpe Ratio | 1.77 | 2.44 |
| Daily Std Dev | 28.84% | 11.57% |
| Max Drawdown | -62.96% | -33.99% |
| Current Drawdown | -3.62% | -0.54% |
Correlation
The correlation between PSI and VOO is 0.74, 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. VOO - Performance Comparison
In the year-to-date period, PSI achieves a 13.35% return, which is significantly higher than VOO's 9.95% return. Over the past 10 years, PSI has outperformed VOO with an annualized return of 25.49%, while VOO has yielded a comparatively lower 12.71% 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. VOO - Expense Ratio Comparison
PSI has a 0.56% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PSI vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Semiconductors ETF (PSI) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PSI's dividend yield for the trailing twelve months is around 0.24%, less than VOO's 1.34% 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% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PSI vs. VOO - Drawdown Comparison
The maximum PSI drawdown since its inception was -62.96%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PSI and VOO. For additional features, visit the drawdowns tool.
Volatility
PSI vs. VOO - Volatility Comparison
Invesco Dynamic Semiconductors ETF (PSI) has a higher volatility of 10.09% compared to Vanguard S&P 500 ETF (VOO) at 3.92%. This indicates that PSI's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.