RETL vs. PSI
Compare and contrast key facts about Direxion Daily Retail Bull 3X Shares (RETL) and Invesco Dynamic Semiconductors ETF (PSI).
RETL and PSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RETL is a passively managed fund by Direxion that tracks the performance of the Russell 1000 Retail Index (300%). It was launched on Jul 14, 2010. PSI is a passively managed fund by Invesco that tracks the performance of the Dynamic Semiconductors Intellidex Index. It was launched on Jun 23, 2005. Both RETL and PSI 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: RETL or PSI.
Key characteristics
| RETL | PSI | |
|---|---|---|
| YTD Return | 8.48% | 18.83% |
| 1Y Return | 89.80% | 45.97% |
| 3Y Return (Ann) | -42.65% | 5.96% |
| 5Y Return (Ann) | 0.11% | 23.24% |
| 10Y Return (Ann) | 2.65% | 23.20% |
| Sharpe Ratio | 1.22 | 1.27 |
| Sortino Ratio | 1.91 | 1.75 |
| Omega Ratio | 1.22 | 1.23 |
| Calmar Ratio | 0.88 | 1.71 |
| Martin Ratio | 4.88 | 4.52 |
| Ulcer Index | 16.29% | 9.99% |
| Daily Std Dev | 65.17% | 35.55% |
| Max Drawdown | -91.51% | -62.96% |
| Current Drawdown | -81.92% | -11.90% |
Correlation
The correlation between RETL and PSI is 0.53, 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
RETL vs. PSI - Performance Comparison
In the year-to-date period, RETL achieves a 8.48% return, which is significantly lower than PSI's 18.83% return. Over the past 10 years, RETL has underperformed PSI with an annualized return of 2.65%, while PSI has yielded a comparatively higher 23.20% 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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RETL vs. PSI - Expense Ratio Comparison
RETL has a 0.99% expense ratio, which is higher than PSI's 0.56% expense ratio.
Risk-Adjusted Performance
RETL vs. PSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) and Invesco Dynamic Semiconductors ETF (PSI). 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
RETL vs. PSI - Dividend Comparison
RETL's dividend yield for the trailing twelve months is around 1.22%, more than PSI's 0.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RETL Direxion Daily Retail Bull 3X Shares | 1.22% | 1.35% | 0.71% | 0.22% | 0.19% | 0.92% | 1.19% | 0.01% | 2.60% | 0.00% | 0.00% | 0.00% |
PSI Invesco Dynamic Semiconductors ETF | 0.18% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
Drawdowns
RETL vs. PSI - Drawdown Comparison
The maximum RETL drawdown since its inception was -91.51%, which is greater than PSI's maximum drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for RETL and PSI. For additional features, visit the drawdowns tool.
Volatility
RETL vs. PSI - Volatility Comparison
Direxion Daily Retail Bull 3X Shares (RETL) has a higher volatility of 14.05% compared to Invesco Dynamic Semiconductors ETF (PSI) at 10.15%. This indicates that RETL's price experiences larger fluctuations and is considered to be riskier than PSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.