PSJ vs. SMH
Compare and contrast key facts about Invesco Dynamic Software ETF (PSJ) and VanEck Vectors Semiconductor ETF (SMH).
PSJ and SMH are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. SMH is a passively managed fund by VanEck that tracks the performance of the MVIS US Listed Semiconductor 25 Index. It was launched on Dec 20, 2011. Both PSJ and SMH 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: PSJ or SMH.
Correlation
The correlation between PSJ and SMH is 0.69, 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. SMH - Performance Comparison
Key characteristics
Returns By Period
PSJ
N/A
N/A
N/A
N/A
N/A
N/A
SMH
6.45%
-1.75%
6.82%
31.77%
29.79%
26.26%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
PSJ vs. SMH - Expense Ratio Comparison
PSJ has a 0.58% expense ratio, which is higher than SMH's 0.35% expense ratio.
Risk-Adjusted Performance
PSJ vs. SMH — Risk-Adjusted Performance Rank
PSJ
SMH
PSJ vs. SMH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Software ETF (PSJ) and VanEck Vectors Semiconductor ETF (SMH). 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. SMH - Dividend Comparison
PSJ has not paid dividends to shareholders, while SMH's dividend yield for the trailing twelve months is around 0.42%.
| 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% |
SMH VanEck Vectors Semiconductor ETF | 0.42% | 0.44% | 0.60% | 1.18% | 0.51% | 0.69% | 1.50% | 1.88% | 1.43% | 0.80% | 2.14% | 1.16% |
Drawdowns
PSJ vs. SMH - Drawdown Comparison
Volatility
PSJ vs. SMH - Volatility Comparison
The current volatility for Invesco Dynamic Software ETF (PSJ) is 0.00%, while VanEck Vectors Semiconductor ETF (SMH) has a volatility of 12.33%. This indicates that PSJ experiences smaller price fluctuations and is considered to be less risky than SMH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.