SHOC vs. PSI

Last updated Jun 24, 2026

SHOC (Strive U.S. Semiconductor ETF) and PSI (Invesco Semiconductors ETF) are both Semiconductors funds - SHOC tracks the Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross while PSI tracks the Dynamic Semiconductors Intellidex Index. Both are passively managed. Over the past 3 years, SHOC returned 52.16%/yr vs 58.76%/yr for PSI. Their correlation of 0.94 suggests significant overlap in exposure. SHOC charges 0.40%/yr vs 0.56%/yr for PSI.

Performance

SHOC vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Strive U.S. Semiconductor ETF (SHOC) 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, SHOC achieves a 68.19% return, which is significantly lower than PSI's 116.16% return.

SHOC

• 1D: -7.43%
• 1M: 7.16%
• YTD: 68.19%
• 6M: 66.31%
• 1Y: 131.94%
• 3Y*: 52.16%
• 5Y*: —
• 10Y*: —

PSI

• 1D: -7.60%
• 1M: 10.87%
• YTD: 116.16%
• 6M: 110.97%
• 1Y: 200.81%
• 3Y*: 58.76%
• 5Y*: 32.86%
• 10Y*: 35.27%

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

SHOC vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SHOC Strive U.S. Semiconductor ETF	68.19%	49.91%	16.74%	61.97%	-1.79%
PSI Invesco Semiconductors ETF	116.16%	36.32%	17.17%	49.06%	1.47%

Correlation

The correlation between SHOC and PSI is 0.91, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.91
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Oct 6, 2022	0.94

The correlation between SHOC and PSI has been stable across timeframes, ranging from 0.91 to 0.94 - a consistent structural relationship.

SHOC vs. PSI - Sectors Allocation Comparison

Sectors	SHOC	PSI
Technology	100.0%	98.4%
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Industrials	-	1.6%
Real Estate	-	-
Utilities	-	-

Return for Risk

SHOC vs. PSI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SHOC

SHOC Risk / Return Rank: 93
SHOC Sharpe Ratio Rank: 95
SHOC Sortino Ratio Rank: 88
SHOC Omega Ratio Rank: 89
SHOC Calmar Ratio Rank: 96
SHOC Martin Ratio Rank: 96

PSI

PSI Risk / Return Rank: 96
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 93
PSI Omega Ratio Rank: 93
PSI Calmar Ratio Rank: 98
PSI Martin Ratio Rank: 97

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SHOC vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Strive U.S. Semiconductor ETF (SHOC) 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.

	SHOC	PSI	Difference
Sharpe ratio: Return per unit of total volatility	3.72	4.79	-1.08
Sortino ratio: Return per unit of downside risk	3.82	4.40	-0.58
Omega ratio: Gain probability vs. loss probability	1.53	1.61	-0.08
Calmar ratio: Return relative to maximum drawdown	9.09	13.06	-3.97
Martin ratio: Return relative to average drawdown	31.95	45.36	-13.41

SHOC vs. PSI - Sharpe Ratio Comparison

The current SHOC Sharpe Ratio is 3.72, which is comparable to the PSI Sharpe Ratio of 4.79. The chart below compares the historical Sharpe Ratios of SHOC 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

SHOC vs. PSI - Drawdown Comparison

The maximum SHOC drawdown since its inception was -37.54%, 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.

Drawdown Indicators

	SHOC	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-37.54%	-62.96%	+25.42%
Max Drawdown (1Y) Largest decline over 1 year	-14.59%	-15.48%	+0.89%
Max Drawdown (3Y) Largest decline over 3 years	-37.54%	-41.07%	+3.53%
Max Drawdown (5Y) Largest decline over 5 years	—	-44.85%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-44.85%	—
Current Drawdown Current decline from peak	-7.43%	-7.60%	+0.17%
Average Drawdown Average peak-to-trough decline	-7.44%	-15.90%	+8.46%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.15%	4.45%	-0.30%

Volatility

SHOC vs. PSI - Volatility Comparison

The current volatility for Strive U.S. Semiconductor ETF (SHOC) is 19.00%, while Invesco Semiconductors ETF (PSI) has a volatility of 21.88%. This indicates that SHOC 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

	SHOC	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	19.00%	21.88%	-2.88%
Volatility (6M) Calculated over the trailing 6-month period	29.24%	35.15%	-5.91%
Volatility (1Y) Calculated over the trailing 1-year period	35.72%	42.19%	-6.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	36.06%	38.84%	-2.78%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.06%	35.61%	+0.45%

SHOC vs. PSI - Expense Ratio Comparison

SHOC has a 0.40% expense ratio, which is lower than PSI's 0.56% expense ratio.

Dividends

SHOC vs. PSI - Dividend Comparison

SHOC's dividend yield for the trailing twelve months is around 0.14%, more than PSI's 0.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSI Invesco Semiconductors ETF	0.03%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%
SHOC Strive U.S. Semiconductor ETF	0.14%	0.23%	0.35%	0.65%	0.24%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SHOC and PSI in my portfolio?

With a correlation of 0.91, SHOC and PSI move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SHOC or PSI?

PSI has higher volatility (21.88%) compared to SHOC (19.00%). In terms of maximum drawdown, SHOC dropped -37.54% vs PSI's -62.96%.

Which ETF is better, SHOC or PSI?

On 3-year performance, PSI leads with 58.76% vs 52.16% for SHOC. On fees, SHOC is cheaper at 0.40% per year. On volatility, SHOC has been the lower-risk option at 19.00%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SHOC or PSI?

Over the 3-year period, PSI has performed better with a 58.76% return vs 52.16%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SHOC or PSI?

SHOC is cheaper with a 0.40% expense ratio, compared with 0.56% for PSI.

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

SHOC has the higher dividend yield at 0.14%, compared with 0.03% for PSI.

What is the main difference between SHOC and PSI?

SHOC tracks Bloomberg US Listed Semiconductors Select Index - Benchmark TR Gross, while PSI tracks Dynamic Semiconductors Intellidex Index. They also come from different issuers: Strive and Invesco. Their fees differ too: 0.40% for SHOC and 0.56% for PSI.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (4.79 vs 3.72), 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.