SPTE vs. PSI

Last updated Jul 17, 2026

SPTE (SP Funds S&P Global Technology ETF) and PSI (Invesco Semiconductors ETF) are both exchange-traded funds - SPTE is a Technology Equities fund tracking the S&P Global 1200 Shariah Information Technology Capped Index, while PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Both are passively managed. Over the past year, SPTE returned 45.79% vs 137.01% for PSI. Their correlation of 0.82 suggests significant overlap in exposure. SPTE charges 0.55%/yr vs 0.56%/yr for PSI.

Performance

SPTE vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in SP Funds S&P Global Technology ETF (SPTE) 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, SPTE achieves a 29.96% return, which is significantly lower than PSI's 84.16% return.

SPTE

• 1D: -1.95%
• 1M: -3.98%
• 6M: 24.98%
• YTD: 29.96%
• 1Y: 45.79%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PSI

• 1D: -5.52%
• 1M: -12.90%
• 6M: 58.34%
• YTD: 84.16%
• 1Y: 137.01%
• 3Y*: 45.31%
• 5Y*: 30.19%
• 10Y*: 32.00%

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

SPTE vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
SPTE SP Funds S&P Global Technology ETF	29.96%	26.37%	33.28%	5.52%
PSI Invesco Semiconductors ETF	84.16%	36.32%	17.17%	13.29%

Correlation

The correlation between SPTE and PSI is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (All Time) Calculated using the full available price history since Dec 1, 2023	0.83

The correlation between SPTE and PSI has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

SPTE vs. PSI - Sectors Allocation Comparison

Sectors	SPTE	PSI
Technology	98.6%	98.4%
Healthcare	0.3%	-
Industrials	0.2%	1.6%
Energy	0.1%	-
Basic Materials	-	-
Communication Services	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Financial Services	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

SPTE vs. PSI — Risk / Return Rank

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

SPTE

SPTE Risk / Return Rank: 69
SPTE Sharpe Ratio Rank: 69
SPTE Sortino Ratio Rank: 61
SPTE Omega Ratio Rank: 62
SPTE Calmar Ratio Rank: 80
SPTE Martin Ratio Rank: 72

PSI

PSI Risk / Return Rank: 91
PSI Sharpe Ratio Rank: 95
PSI Sortino Ratio Rank: 85
PSI Omega Ratio Rank: 86
PSI Calmar Ratio Rank: 95
PSI Martin Ratio Rank: 95

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.

SPTE vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SP Funds S&P Global Technology ETF (SPTE) 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.

	SPTE	PSI	Difference
Sharpe ratio: Return per unit of total volatility	1.78	2.95	-1.17
Sortino ratio: Return per unit of downside risk	2.31	3.07	-0.76
Omega ratio: Gain probability vs. loss probability	1.30	1.42	-0.12
Calmar ratio: Return relative to maximum drawdown	3.33	6.08	-2.74
Martin ratio: Return relative to average drawdown	10.49	23.79	-13.30

SPTE vs. PSI - Sharpe Ratio Comparison

The current SPTE Sharpe Ratio is 1.78, which is lower than the PSI Sharpe Ratio of 2.95. The chart below compares the historical Sharpe Ratios of SPTE 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

SPTE vs. PSI - Drawdown Comparison

The maximum SPTE drawdown since its inception was -25.55%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for SPTE and PSI.

Drawdown Indicators

	SPTE	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-25.55%	-62.96%	+37.41%
Max Drawdown (1Y) Largest decline over 1 year	-13.80%	-22.69%	+8.89%
Max Drawdown (3Y) Largest decline over 3 years	—	-41.07%	—
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	-9.46%	-22.69%	+13.23%
Average Drawdown Average peak-to-trough decline	-4.16%	-15.90%	+11.74%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.38%	5.78%	-1.40%

Volatility

SPTE vs. PSI - Volatility Comparison

The current volatility for SP Funds S&P Global Technology ETF (SPTE) is 10.74%, while Invesco Semiconductors ETF (PSI) has a volatility of 24.16%. This indicates that SPTE 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

	SPTE	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.74%	24.16%	-13.42%
Volatility (6M) Calculated over the trailing 6-month period	22.43%	40.38%	-17.95%
Volatility (1Y) Calculated over the trailing 1-year period	25.85%	46.71%	-20.86%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	26.80%	39.83%	-13.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	26.80%	36.11%	-9.31%

SPTE vs. PSI - Expense Ratio Comparison

SPTE has a 0.55% expense ratio, which is lower than PSI's 0.56% expense ratio.

Dividends

SPTE vs. PSI - Dividend Comparison

SPTE's dividend yield for the trailing twelve months is around 0.74%, 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%
SPTE SP Funds S&P Global Technology ETF	0.74%	0.96%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both SPTE and PSI in my portfolio?

SPTE and PSI have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, SPTE or PSI?

PSI has higher volatility (24.16%) compared to SPTE (10.74%). In terms of maximum drawdown, SPTE dropped -25.55% vs PSI's -62.96%.

Which ETF is better, SPTE or PSI?

On 1-year performance, PSI leads with 137.01% vs 45.79% for SPTE. On fees, SPTE is cheaper at 0.55% per year. On volatility, SPTE has been the lower-risk option at 10.74%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SPTE or PSI?

Over the 1-year period, PSI has performed better with a 137.01% return vs 45.79%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SPTE or PSI?

SPTE is cheaper with a 0.55% expense ratio, compared with 0.56% for PSI.

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

SPTE has the higher dividend yield at 0.74%, compared with 0.03% for PSI.

What is the main difference between SPTE and PSI?

SPTE is categorized as Technology Equities, while PSI is Semiconductors. SPTE tracks S&P Global 1200 Shariah Information Technology Capped Index, while PSI tracks Dynamic Semiconductors Intellidex Index. They also come from different issuers: SP Funds and Invesco. Their fees differ too: 0.55% for SPTE and 0.56% for PSI.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (2.95 vs 1.78), 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.