RETL vs. PSI

Last updated Aug 2, 2026

RETL (Direxion Daily Retail Bull 3X Shares) and PSI (Invesco Semiconductors ETF) are both exchange-traded funds - RETL is a Leveraged Equities fund tracking the Russell 1000 Retail Index (300%), while PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Both are passively managed. Over the past 10 years, RETL returned -4.91%/yr vs 30.65%/yr for PSI. Their 0.51 correlation means they have sometimes moved together and sometimes differently. RETL charges 0.99%/yr vs 0.56%/yr for PSI.

Performance

RETL vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Direxion Daily Retail Bull 3X Shares (RETL) and Invesco Semiconductors ETF (PSI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, RETL achieves a 4.29% return, which is significantly lower than PSI's 73.04% return. Over the past 10 years, RETL has underperformed PSI with an annualized return of -4.91%, while PSI has yielded a comparatively higher 30.65% annualized return.

RETL

• 1D: -2.65%
• 1M: 4.48%
• 6M: 1.86%
• YTD: 4.29%
• 1Y: 25.37%
• 3Y*: 6.42%
• 5Y*: -25.86%
• 10Y*: -4.91%
• ALL TIME*: 14.86%

PSI

• 1D: 1.16%
• 1M: -13.65%
• 6M: 46.70%
• YTD: 73.04%
• 1Y: 132.40%
• 3Y*: 41.83%
• 5Y*: 26.56%
• 10Y*: 30.65%
• ALL TIME*: 17.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
PSI Invesco Semiconductors ETF	$62.53M	$61.83M	$72.77M
RETL Direxion Daily Retail Bull 3X Shares	$3.76M	$4.05M	$5.48M

RETL vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
RETL Direxion Daily Retail Bull 3X Shares	4.29%	-5.98%	9.59%	33.62%	-80.80%	101.03%	63.63%	23.41%	-35.21%	-1.31%
PSI Invesco Semiconductors ETF	73.04%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%

Correlation

The correlation between RETL and PSI is 0.30, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.30
Correlation (3Y) Balances recent behavior with more history.	0.43
Correlation (5Y) Shows whether the relationship held over a longer period.	0.54
Correlation (10Y) Provides a long-term view across more market conditions.	0.52
Correlation (All Time) Calculated using the full available price history since Jul 14, 2010	0.51

Over the past year, the correlation between RETL and PSI has dropped to 0.30 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.

RETL vs. PSI - Sectors Allocation Comparison

Sectors	RETL	PSI
Consumer Cyclical	75.2%	-
Consumer Defensive	18.7%	-
Technology	2.7%	100.0%
Communication Services	1.8%	-
Healthcare	1.6%	-
Energy	0.3%	-
Basic Materials	-	-
Financial Services	-	-
Industrials	-	1.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

RETL vs. PSI — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

RETL

RETL Risk / Return Rank: 22
RETL Sharpe Ratio Rank: 19
RETL Sortino Ratio Rank: 26
RETL Omega Ratio Rank: 24
RETL Calmar Ratio Rank: 21
RETL Martin Ratio Rank: 19

PSI

PSI Risk / Return Rank: 90
PSI Sharpe Ratio Rank: 94
PSI Sortino Ratio Rank: 86
PSI Omega Ratio Rank: 87
PSI Calmar Ratio Rank: 89
PSI Martin Ratio Rank: 93

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

RETL vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Direxion Daily Retail Bull 3X Shares (RETL) and Invesco 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.

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.

	RETL	PSI	Difference
Sharpe ratio: Return per unit of total volatility	0.37	2.61	-2.24
Sortino ratio: Return per unit of downside risk	0.97	2.84	-1.87
Omega ratio: Gain probability vs. loss probability	1.11	1.38	-0.27
Calmar ratio: Return relative to maximum drawdown	0.59	3.64	-3.05
Martin ratio: Return relative to average drawdown	1.15	16.65	-15.50

RETL vs. PSI - Sharpe Ratio Comparison

The current RETL Sharpe Ratio is 0.37, which is lower than the PSI Sharpe Ratio of 2.61. The chart below compares the historical Sharpe Ratios of RETL and PSI, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

RETL vs. PSI - Drawdown Comparison

The maximum RETL drawdown since its inception was -92.00%, 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.

Drawdown Indicators

	RETL	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-92.00%	-62.96%	-29.04%
Max Drawdown (1Y) Largest decline over 1 year	-38.08%	-35.74%	-2.34%
Max Drawdown (3Y) Largest decline over 3 years	-62.72%	-41.07%	-21.65%
Max Drawdown (5Y) Largest decline over 5 years	-92.00%	-44.85%	-47.15%
Max Drawdown (10Y) Largest decline over 10 years	-92.00%	-44.85%	-47.15%
Current Drawdown Current decline from peak	-82.09%	-27.36%	-54.73%
Average Drawdown Average peak-to-trough decline	-37.99%	-15.91%	-22.08%
Ulcer Index Depth and duration of drawdowns from previous peaks	19.45%	7.80%	+11.65%

Volatility

RETL vs. PSI - Volatility Comparison

The current volatility for Direxion Daily Retail Bull 3X Shares (RETL) is 17.87%, while Invesco Semiconductors ETF (PSI) has a volatility of 24.37%. This indicates that RETL experiences smaller price fluctuations and is considered to be less risky than PSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	RETL	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.87%	24.37%	-6.50%
Volatility (6M) Calculated over the trailing 6-month period	44.19%	43.89%	+0.30%
Volatility (1Y) Calculated over the trailing 1-year period	61.62%	50.15%	+11.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	79.45%	40.59%	+38.86%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	80.05%	36.55%	+43.50%

RETL vs. PSI - Expense Ratio Comparison

RETL has a 0.99% expense ratio, which is higher than PSI's 0.56% expense ratio.

Dividends

RETL vs. PSI - Dividend Comparison

RETL's dividend yield for the trailing twelve months is around 0.48%, more than PSI's 0.04% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSI Invesco Semiconductors ETF	0.04%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%
RETL Direxion Daily Retail Bull 3X Shares	0.48%	0.58%	1.13%	1.35%	0.71%	0.22%	0.19%	0.92%	1.19%	0.01%	2.60%	0.00%

Frequently Asked Questions

Can I hold both RETL and PSI in my portfolio?

RETL and PSI have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, RETL or PSI?

PSI has higher volatility (24.37%) compared to RETL (17.87%). In terms of maximum drawdown, RETL dropped -92.00% vs PSI's -62.96%.

Which ETF is better, RETL or PSI?

On 10-year performance, PSI leads with 30.65% vs -4.91% for RETL. On fees, PSI is cheaper at 0.56% per year. On volatility, RETL has been the lower-risk option at 17.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, RETL or PSI?

Over the 10-year period, PSI has performed better with a 30.65% return vs -4.91%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, RETL or PSI?

PSI is cheaper with a 0.56% expense ratio, compared with 0.99% for RETL.

Which ETF pays a higher dividend yield, RETL or PSI?

RETL has the higher dividend yield at 0.48%, compared with 0.04% for PSI.

What is the main difference between RETL and PSI?

RETL is categorized as Leveraged Equities, while PSI is Semiconductors. RETL tracks Russell 1000 Retail Index (300%), while PSI tracks Dynamic Semiconductors Intellidex Index. They also come from different issuers: Direxion and Invesco. Their fees differ too: 0.99% for RETL and 0.56% for PSI.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (2.61 vs 0.36), 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.