PSP vs. VOO
Compare and contrast key facts about Invesco Global Listed Private Equity ETF (PSP) and Vanguard S&P 500 ETF (VOO).
PSP and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSP is a passively managed fund by Invesco that tracks the performance of the Red Rocks Global Listed Private Equity Index. It was launched on Oct 24, 2006. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PSP and VOO 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: PSP or VOO.
Key characteristics
| PSP | VOO | |
|---|---|---|
| YTD Return | 2.78% | 6.62% |
| 1Y Return | 30.84% | 25.71% |
| 3Y Return (Ann) | -2.10% | 8.15% |
| 5Y Return (Ann) | 6.72% | 13.32% |
| 10Y Return (Ann) | 6.67% | 12.46% |
| Sharpe Ratio | 1.79 | 2.13 |
| Daily Std Dev | 17.62% | 11.67% |
| Max Drawdown | -85.40% | -33.99% |
| Current Drawdown | -14.77% | -3.56% |
Correlation
The correlation between PSP and VOO is 0.80, 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
PSP vs. VOO - Performance Comparison
In the year-to-date period, PSP achieves a 2.78% return, which is significantly lower than VOO's 6.62% return. Over the past 10 years, PSP has underperformed VOO with an annualized return of 6.67%, while VOO has yielded a comparatively higher 12.46% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PSP vs. VOO - Expense Ratio Comparison
PSP has a 1.44% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PSP vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Listed Private Equity ETF (PSP) and Vanguard S&P 500 ETF (VOO). 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
PSP vs. VOO - Dividend Comparison
PSP's dividend yield for the trailing twelve months is around 4.73%, more than VOO's 1.38% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSP Invesco Global Listed Private Equity ETF | 4.73% | 3.96% | 2.88% | 10.34% | 4.66% | 5.87% | 6.81% | 10.18% | 4.12% | 6.23% | 4.94% | 13.48% |
VOO Vanguard S&P 500 ETF | 1.38% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PSP vs. VOO - Drawdown Comparison
The maximum PSP drawdown since its inception was -85.40%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PSP and VOO. For additional features, visit the drawdowns tool.
Volatility
PSP vs. VOO - Volatility Comparison
Invesco Global Listed Private Equity ETF (PSP) has a higher volatility of 5.20% compared to Vanguard S&P 500 ETF (VOO) at 4.04%. This indicates that PSP's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.