SOXX vs. PSI
Compare and contrast key facts about iShares PHLX Semiconductor ETF (SOXX) and Invesco Dynamic Semiconductors ETF (PSI).
SOXX and PSI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SOXX is a passively managed fund by iShares that tracks the performance of the PHLX Semiconductor Sector Index. It was launched on Jul 10, 2001. 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 SOXX 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: SOXX or PSI.
Key characteristics
| SOXX | PSI | |
|---|---|---|
| YTD Return | 12.68% | 10.67% |
| 1Y Return | 63.29% | 51.12% |
| 3Y Return (Ann) | 19.67% | 13.20% |
| 5Y Return (Ann) | 28.88% | 24.18% |
| 10Y Return (Ann) | 28.04% | 25.37% |
| Sharpe Ratio | 2.17 | 1.68 |
| Daily Std Dev | 28.73% | 29.00% |
| Max Drawdown | -69.65% | -62.96% |
| Current Drawdown | -8.98% | -5.91% |
Correlation
The correlation between SOXX and PSI is 0.95, 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
SOXX vs. PSI - Performance Comparison
In the year-to-date period, SOXX achieves a 12.68% return, which is significantly higher than PSI's 10.67% return. Over the past 10 years, SOXX has outperformed PSI with an annualized return of 28.04%, while PSI has yielded a comparatively lower 25.37% 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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SOXX vs. PSI - Expense Ratio Comparison
SOXX has a 0.46% expense ratio, which is lower than PSI's 0.56% expense ratio.
Risk-Adjusted Performance
SOXX vs. PSI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares PHLX Semiconductor ETF (SOXX) 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
SOXX vs. PSI - Dividend Comparison
SOXX's dividend yield for the trailing twelve months is around 1.70%, more than PSI's 0.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SOXX iShares PHLX Semiconductor ETF | 1.70% | 2.35% | 3.76% | 1.91% | 2.43% | 3.70% | 4.11% | 2.70% | 3.23% | 3.86% | 4.69% | 3.55% |
PSI Invesco Dynamic Semiconductors ETF | 0.25% | 0.40% | 0.61% | 0.14% | 0.21% | 0.52% | 0.83% | 0.21% | 0.68% | 0.16% | 1.77% | 0.57% |
Drawdowns
SOXX vs. PSI - Drawdown Comparison
The maximum SOXX drawdown since its inception was -69.65%, which is greater than PSI's maximum drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for SOXX and PSI. For additional features, visit the drawdowns tool.
Volatility
SOXX vs. PSI - Volatility Comparison
iShares PHLX Semiconductor ETF (SOXX) and Invesco Dynamic Semiconductors ETF (PSI) have volatilities of 10.07% and 10.51%, 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.