SMHX vs. PSI
Compare and contrast key facts about VanEck Fabless Semiconductor ETF (SMHX) and Invesco Dynamic Semiconductors ETF (PSI).
SMHX and PSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SMHX is a passively managed fund by VanEck that tracks the performance of the MarketVector™ US Listed Fabless Semiconductor Index. It was launched on Aug 27, 2024. 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 SMHX 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: SMHX or PSI.
Correlation
The correlation between SMHX and PSI is 0.93, 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
SMHX vs. PSI - Performance Comparison
Key characteristics
SMHX:
49.55%
PSI:
45.82%
SMHX:
-38.53%
PSI:
-62.96%
SMHX:
-33.43%
PSI:
-36.94%
Returns By Period
The year-to-date returns for both stocks are quite close, with SMHX having a -27.31% return and PSI slightly lower at -27.41%.
SMHX
-27.31%
-17.11%
-20.71%
N/A
N/A
N/A
PSI
-27.41%
-19.44%
-26.23%
-19.28%
15.75%
17.00%
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SMHX vs. PSI - Expense Ratio Comparison
SMHX has a 0.35% expense ratio, which is lower than PSI's 0.56% expense ratio.
Risk-Adjusted Performance
SMHX vs. PSI — Risk-Adjusted Performance Rank
SMHX
PSI
SMHX vs. PSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for VanEck Fabless Semiconductor ETF (SMHX) 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.
Not enough dataDividends
SMHX vs. PSI - Dividend Comparison
SMHX's dividend yield for the trailing twelve months is around 0.05%, less than PSI's 0.21% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SMHX VanEck Fabless Semiconductor ETF | 0.05% | 0.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PSI Invesco Dynamic Semiconductors ETF | 0.21% | 0.15% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% |
Drawdowns
SMHX vs. PSI - Drawdown Comparison
The maximum SMHX drawdown since its inception was -38.53%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for SMHX and PSI. For additional features, visit the drawdowns tool.
Volatility
SMHX vs. PSI - Volatility Comparison
VanEck Fabless Semiconductor ETF (SMHX) and Invesco Dynamic Semiconductors ETF (PSI) have volatilities of 24.88% and 25.86%, 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.