SHOC vs. PSI
Compare and contrast key facts about Strive U.S. Semiconductor ETF (SHOC) and Invesco Dynamic Semiconductors ETF (PSI).
SHOC and PSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHOC is a passively managed fund by Strive that tracks the performance of the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross. It was launched on Oct 5, 2022. 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 SHOC 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: SHOC or PSI.
Key characteristics
| SHOC | PSI | |
|---|---|---|
| YTD Return | 19.94% | 14.77% |
| 1Y Return | 42.92% | 36.48% |
| Sharpe Ratio | 1.21 | 0.99 |
| Sortino Ratio | 1.69 | 1.45 |
| Omega Ratio | 1.22 | 1.19 |
| Calmar Ratio | 1.62 | 1.33 |
| Martin Ratio | 4.09 | 3.49 |
| Ulcer Index | 10.20% | 10.07% |
| Daily Std Dev | 34.59% | 35.40% |
| Max Drawdown | -25.71% | -62.96% |
| Current Drawdown | -13.29% | -14.92% |
Correlation
The correlation between SHOC and PSI is 0.96, 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
SHOC vs. PSI - Performance Comparison
In the year-to-date period, SHOC achieves a 19.94% return, which is significantly higher than PSI's 14.77% 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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SHOC vs. PSI - Expense Ratio Comparison
SHOC has a 0.40% expense ratio, which is lower than PSI's 0.56% expense ratio.
Risk-Adjusted Performance
SHOC vs. PSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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
SHOC vs. PSI - Dividend Comparison
SHOC's dividend yield for the trailing twelve months is around 0.40%, more than PSI's 0.19% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHOC Strive U.S. Semiconductor ETF | 0.40% | 0.65% | 0.24% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSI Invesco Dynamic Semiconductors ETF | 0.19% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
Drawdowns
SHOC vs. PSI - Drawdown Comparison
The maximum SHOC drawdown since its inception was -25.71%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for SHOC and PSI. For additional features, visit the drawdowns tool.
Volatility
SHOC vs. PSI - Volatility Comparison
Strive U.S. Semiconductor ETF (SHOC) and Invesco Dynamic Semiconductors ETF (PSI) have volatilities of 9.90% and 10.11%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.