PSJ vs. NVDA
Compare and contrast key facts about Invesco Dynamic Software ETF (PSJ) and NVIDIA Corporation (NVDA).
PSJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Software Intellidex Index. It was launched on Jun 23, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSJ or NVDA.
Correlation
The correlation between PSJ and NVDA is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PSJ vs. NVDA - Performance Comparison
Key characteristics
Returns By Period
PSJ
N/A
N/A
N/A
N/A
N/A
N/A
NVDA
4.33%
-0.51%
13.25%
107.70%
80.80%
74.84%
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Risk-Adjusted Performance
PSJ vs. NVDA — Risk-Adjusted Performance Rank
PSJ
NVDA
PSJ vs. NVDA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Software ETF (PSJ) and NVIDIA Corporation (NVDA). 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
PSJ vs. NVDA - Dividend Comparison
PSJ has not paid dividends to shareholders, while NVDA's dividend yield for the trailing twelve months is around 0.02%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSJ Invesco Dynamic Software ETF | 0.00% | 0.00% | 0.00% | 1.41% | 0.56% | 0.04% | 0.05% | 0.00% | 0.00% | 0.03% | 0.15% | 0.10% |
NVDA NVIDIA Corporation | 0.02% | 0.02% | 0.03% | 0.11% | 0.05% | 0.12% | 0.27% | 0.46% | 0.29% | 0.45% | 1.20% | 1.70% |
Drawdowns
PSJ vs. NVDA - Drawdown Comparison
Volatility
PSJ vs. NVDA - Volatility Comparison
The current volatility for Invesco Dynamic Software ETF (PSJ) is 0.00%, while NVIDIA Corporation (NVDA) has a volatility of 24.11%. This indicates that PSJ experiences smaller price fluctuations and is considered to be less risky than NVDA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.