PSIL vs. ALKS
PSIL (AdvisorShares Psychedelics ETF) is Health & Biotech Equities fund actively managed by AdvisorShares, while ALKS (Alkermes plc) is a stock. Over the past 3 years, PSIL returned 6.03%/yr vs 11.28%/yr for ALKS. At a 0.22 correlation, their price movements are largely independent.
Performance
PSIL vs. ALKS - Performance Comparison
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Returns By Period
In the year-to-date period, PSIL achieves a 12.35% return, which is significantly lower than ALKS's 58.54% return.
PSIL
- 1D
- -4.32%
- 1M
- -3.41%
- YTD
- 12.35%
- 6M
- 10.46%
- 1Y
- 52.66%
- 3Y*
- 6.03%
- 5Y*
- —
- 10Y*
- —
ALKS
- 1D
- 0.18%
- 1M
- 18.36%
- YTD
- 58.54%
- 6M
- 57.47%
- 1Y
- 48.71%
- 3Y*
- 11.28%
- 5Y*
- 12.07%
- 10Y*
- 0.70%
PSIL vs. ALKS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PSIL AdvisorShares Psychedelics ETF | 12.35% | 74.55% | -19.50% | -25.12% | -67.24% | -42.72% |
ALKS Alkermes plc | 58.54% | -2.71% | 3.68% | 6.16% | 12.34% | -24.21% |
Correlation
The correlation between PSIL and ALKS is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (All Time) Calculated using the full available price history since Sep 16, 2021 | 0.22 |
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Return for Risk
PSIL vs. ALKS — Risk / Return Rank
PSIL
ALKS
PSIL vs. ALKS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Psychedelics ETF (PSIL) and Alkermes plc (ALKS). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PSIL | ALKS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.24 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 2.60 | 2.21 | +0.39 |
| Martin ratioReturn relative to average drawdown | 5.38 | 5.11 | +0.27 |
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Drawdowns
PSIL vs. ALKS - Drawdown Comparison
The maximum PSIL drawdown since its inception was -92.72%, roughly equal to the maximum ALKS drawdown of -96.14%. Use the drawdown chart below to compare losses from any high point for PSIL and ALKS.
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Drawdown Indicators
| PSIL | ALKS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -92.72% | -96.14% | +3.42% |
Max Drawdown (1Y)Largest decline over 1 year | -20.38% | -22.20% | +1.82% |
Max Drawdown (3Y)Largest decline over 3 years | -64.62% | -31.58% | -33.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.18% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -80.58% | — |
Current DrawdownCurrent decline from peak | -78.15% | -54.76% | -23.39% |
Average DrawdownAverage peak-to-trough decline | -76.71% | -67.23% | -9.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 9.81% | 9.55% | +0.26% |
Volatility
PSIL vs. ALKS - Volatility Comparison
AdvisorShares Psychedelics ETF (PSIL) has a higher volatility of 12.21% compared to Alkermes plc (ALKS) at 10.43%. This indicates that PSIL's price experiences larger fluctuations and is considered to be riskier than ALKS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSIL | ALKS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.21% | 10.43% | +1.78% |
Volatility (6M)Calculated over the trailing 6-month period | 28.74% | 30.28% | -1.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 42.53% | 40.79% | +1.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 63.03% | 37.33% | +25.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 63.03% | 41.31% | +21.72% |
Dividends
PSIL vs. ALKS - Dividend Comparison
PSIL's dividend yield for the trailing twelve months is around 8.90%, while ALKS has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
ALKS Alkermes plc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSIL AdvisorShares Psychedelics ETF | 8.90% | 10.95% | 1.49% | 0.24% | 2.91% |
Frequently Asked Questions
PSIL and ALKS have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSIL has higher volatility (12.21%) compared to ALKS (10.43%). In terms of maximum drawdown, PSIL dropped -92.72% vs ALKS's -96.14%.
PSIL currently has the higher Sharpe Ratio (1.25 vs 1.20), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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