PSJ vs. SPY
Compare and contrast key facts about Invesco Dynamic Software ETF (PSJ) and SPDR S&P 500 ETF (SPY).
PSJ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PSJ and SPY 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 SPY.
Correlation
The correlation between PSJ and SPY 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
PSJ vs. SPY - Performance Comparison
Key characteristics
Returns By Period
PSJ
N/A
N/A
N/A
N/A
N/A
N/A
SPY
-5.76%
-0.90%
-4.30%
9.72%
15.76%
12.16%
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PSJ vs. SPY - Expense Ratio Comparison
PSJ has a 0.58% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PSJ vs. SPY — Risk-Adjusted Performance Rank
PSJ
SPY
PSJ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Software ETF (PSJ) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PSJ has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 1.30%.
| 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% |
SPY SPDR S&P 500 ETF | 1.30% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PSJ vs. SPY - Drawdown Comparison
Volatility
PSJ vs. SPY - Volatility Comparison
The current volatility for Invesco Dynamic Software ETF (PSJ) is 0.00%, while SPDR S&P 500 ETF (SPY) has a volatility of 15.12%. This indicates that PSJ experiences smaller price fluctuations and is considered to be less risky than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.