PSP vs. BX
PSP (Invesco Global Listed Private Equity ETF) is Global Equities fund tracking the Red Rocks Global Listed Private Equity Index, while BX (Blackstone Inc.) is a stock. Over the past 10 years, PSP returned 8.24%/yr vs 22.68%/yr for BX. Their 0.68 correlation means they have sometimes moved together and sometimes differently.
Performance
PSP vs. BX - Performance Comparison
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Returns By Period
In the year-to-date period, PSP achieves a -6.39% return, which is significantly higher than BX's -9.88% return. Over the past 10 years, PSP has underperformed BX with an annualized return of 8.24%, while BX has yielded a comparatively higher 22.68% annualized return.
PSP
- 1D
- 2.95%
- 1M
- 7.63%
- 6M
- -6.77%
- YTD
- -6.39%
- 1Y
- -5.60%
- 3Y*
- 10.70%
- 5Y*
- 0.37%
- 10Y*
- 8.24%
- ALL TIME*
- 2.63%
BX
- 1D
- 6.50%
- 1M
- 10.81%
- 6M
- -1.68%
- YTD
- -9.88%
- 1Y
- -17.26%
- 3Y*
- 12.98%
- 5Y*
- 6.56%
- 10Y*
- 22.68%
- ALL TIME*
- 12.97%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $761.90M | $617.44M | $622.65M | |
| $1.16M | $1.10M | $2.69M |
PSP vs. BX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PSP Invesco Global Listed Private Equity ETF | -6.39% | 6.49% | 17.42% | 37.72% | -37.37% | 27.30% | 12.47% | 35.73% | -15.12% | 24.13% |
BX Blackstone Inc. | -9.88% | -7.84% | 35.07% | 82.75% | -40.01% | 107.11% | 19.78% | 96.33% | 0.10% | 27.34% |
Correlation
The correlation between PSP and BX is 0.77, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.77 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.78 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.73 |
Correlation (All Time) Calculated using the full available price history since Jun 22, 2007 | 0.68 |
The correlation between PSP and BX has been stable across timeframes, ranging from 0.68 to 0.78 - a consistent structural relationship.
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Return for Risk
PSP vs. BX — Risk / Return Rank
PSP
BX
PSP vs. BX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) and Blackstone Inc. (BX). 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.
| PSP | BX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.21 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 0.97 | 0.94 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.25 | -0.39 | +0.13 |
| Martin ratioReturn relative to average drawdown | -0.48 | -0.64 | +0.16 |
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Drawdowns
PSP vs. BX - Drawdown Comparison
The maximum PSP drawdown since its inception was -85.40%, roughly equal to the maximum BX drawdown of -88.09%. Use the drawdown chart below to compare losses from any high point for PSP and BX.
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Drawdown Indicators
| PSP | BX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -85.40% | -88.09% | +2.69% |
Max Drawdown (1Y)Largest decline over 1 year | -22.27% | -44.76% | +22.49% |
Max Drawdown (3Y)Largest decline over 3 years | -22.94% | -46.50% | +23.56% |
Max Drawdown (5Y)Largest decline over 5 years | -47.16% | -49.29% | +2.13% |
Max Drawdown (10Y)Largest decline over 10 years | -47.16% | -49.29% | +2.13% |
Current DrawdownCurrent decline from peak | -10.96% | -28.06% | +17.10% |
Average DrawdownAverage peak-to-trough decline | -30.57% | -26.44% | -4.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.65% | 26.97% | -15.32% |
Volatility
PSP vs. BX - Volatility Comparison
The current volatility for Invesco Global Listed Private Equity ETF (PSP) is 5.48%, while Blackstone Inc. (BX) has a volatility of 10.85%. This indicates that PSP experiences smaller price fluctuations and is considered to be less risky than BX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PSP | BX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.48% | 10.85% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 16.91% | 29.58% | -12.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.39% | 35.79% | -15.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.92% | 39.68% | -15.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.33% | 35.83% | -13.50% |
Dividends
PSP vs. BX - Dividend Comparison
PSP's dividend yield for the trailing twelve months is around 5.82%, more than BX's 4.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BX Blackstone Inc. | 4.65% | 3.04% | 2.00% | 2.54% | 6.66% | 2.76% | 2.95% | 3.43% | 8.12% | 7.25% | 6.14% | 11.76% |
PSP Invesco Global Listed Private Equity ETF | 5.82% | 5.87% | 8.62% | 3.96% | 2.88% | 10.34% | 4.66% | 5.87% | 6.81% | 10.18% | 4.12% | 6.23% |
Frequently Asked Questions
PSP and BX have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
BX has higher volatility (10.85%) compared to PSP (5.48%). In terms of maximum drawdown, PSP dropped -85.40% vs BX's -88.09%.
PSP currently has the higher Sharpe Ratio (-0.28 vs -0.48), 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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