TDIV vs. PSI

Last updated Jun 5, 2026

TDIV (First Trust NASDAQ Technology Dividend Index Fund) and PSI (Invesco Semiconductors ETF) are both exchange-traded funds - TDIV is a Technology Equities fund tracking the NASDAQ Technology Dividend Index, while PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Both are passively managed. Over the past 10 years, TDIV returned 19.14%/yr vs 34.03%/yr for PSI. Their correlation of 0.84 suggests significant overlap in exposure. TDIV charges 0.50%/yr vs 0.56%/yr for PSI.

Performance

TDIV vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Trust NASDAQ Technology Dividend Index Fund (TDIV) 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, TDIV achieves a 28.74% return, which is significantly lower than PSI's 104.81% return. Over the past 10 years, TDIV has underperformed PSI with an annualized return of 19.14%, while PSI has yielded a comparatively higher 34.03% annualized return.

TDIV

• 1D: -1.40%
• 1M: 12.56%
• YTD: 28.74%
• 6M: 26.30%
• 1Y: 50.88%
• 3Y*: 33.15%
• 5Y*: 18.96%
• 10Y*: 19.14%

PSI

• 1D: -1.40%
• 1M: 15.64%
• YTD: 104.81%
• 6M: 101.91%
• 1Y: 200.06%
• 3Y*: 57.17%
• 5Y*: 31.49%
• 10Y*: 34.03%

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

TDIV vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
TDIV First Trust NASDAQ Technology Dividend Index Fund	28.74%	25.27%	24.43%	36.71%	-22.13%	29.49%	17.55%	33.27%	-3.18%	21.95%
PSI Invesco Semiconductors ETF	104.81%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%

Correlation

The correlation between TDIV 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 (3Y) Calculated over the trailing 3-year period	0.85
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (10Y) Calculated over the trailing 10-year period	0.86
Correlation (All Time) Calculated using the full available price history since Aug 15, 2012	0.84

The correlation between TDIV and PSI has been stable across timeframes, ranging from 0.78 to 0.88 - a consistent structural relationship.

TDIV vs. PSI - Sectors Allocation Comparison

Sectors	TDIV	PSI
Technology	85.0%	97.6%
Communication Services	13.4%	-
Industrials	1.6%	2.4%
Basic Materials	-	-
Consumer Cyclical	-	-
Consumer Defensive	-	-
Energy	-	-
Financial Services	-	-
Healthcare	-	-
Real Estate	-	-
Utilities	-	-

Return for Risk

TDIV vs. PSI — Risk / Return Rank

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

TDIV

TDIV Risk / Return Rank: 82
TDIV Sharpe Ratio Rank: 85
TDIV Sortino Ratio Rank: 83
TDIV Omega Ratio Rank: 79
TDIV Calmar Ratio Rank: 86
TDIV Martin Ratio Rank: 78

PSI

PSI Risk / Return Rank: 96
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 94
PSI Omega Ratio Rank: 94
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.

TDIV vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Trust NASDAQ Technology Dividend Index Fund (TDIV) 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.

	TDIV	PSI	Difference
Sharpe ratio: Return per unit of total volatility	2.77	5.34	-2.58
Sortino ratio: Return per unit of downside risk	3.67	4.97	-1.31
Omega ratio: Gain probability vs. loss probability	1.46	1.67	-0.20
Calmar ratio: Return relative to maximum drawdown	4.76	13.01	-8.25
Martin ratio: Return relative to average drawdown	14.81	47.17	-32.36
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

TDIV vs. PSI - Sharpe Ratio Comparison

The current TDIV Sharpe Ratio is 2.77, which is lower than the PSI Sharpe Ratio of 5.34. The chart below compares the historical Sharpe Ratios of TDIV 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.

Sharpe Ratios by Period

	TDIV	PSI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.77	5.34	-2.58
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.92	0.84	+0.08
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.92	0.97	-0.05
Sharpe Ratio (All Time) Calculated using the full available price history	0.87	0.59	+0.28

Drawdowns

TDIV vs. PSI - Drawdown Comparison

The maximum TDIV drawdown since its inception was -31.97%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for TDIV and PSI.

Drawdown Indicators

	TDIV	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-31.97%	-62.96%	+30.99%
Max Drawdown (1Y) Largest decline over 1 year	-10.74%	-15.48%	+4.74%
Max Drawdown (3Y) Largest decline over 3 years	-23.00%	-41.07%	+18.07%
Max Drawdown (5Y) Largest decline over 5 years	-31.97%	-44.85%	+12.88%
Max Drawdown (10Y) Largest decline over 10 years	-31.97%	-44.85%	+12.88%
Current Drawdown Current decline from peak	-3.17%	-1.40%	-1.77%
Average Drawdown Average peak-to-trough decline	-4.84%	-15.93%	+11.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.45%	4.26%	-0.81%

Volatility

TDIV vs. PSI - Volatility Comparison

The current volatility for First Trust NASDAQ Technology Dividend Index Fund (TDIV) is 7.12%, while Invesco Semiconductors ETF (PSI) has a volatility of 13.55%. This indicates that TDIV 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

	TDIV	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.12%	13.55%	-6.43%
Volatility (6M) Calculated over the trailing 6-month period	13.98%	30.12%	-16.14%
Volatility (1Y) Calculated over the trailing 1-year period	18.49%	37.72%	-19.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.68%	37.84%	-17.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.85%	35.09%	-14.24%

TDIV vs. PSI - Expense Ratio Comparison

TDIV has a 0.50% expense ratio, which is lower than PSI's 0.56% expense ratio.

Dividends

TDIV vs. PSI - Dividend Comparison

TDIV's dividend yield for the trailing twelve months is around 1.13%, more than PSI's 0.05% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PSI Invesco Semiconductors ETF	0.05%	0.10%	0.15%	0.40%	0.61%	0.14%	0.21%	0.52%	0.83%	0.21%	0.68%	0.16%
TDIV First Trust NASDAQ Technology Dividend Index Fund	1.13%	1.40%	1.59%	1.74%	2.51%	1.76%	2.07%	2.27%	2.97%	2.27%	2.45%	2.52%

Frequently Asked Questions

Can I hold both TDIV and PSI in my portfolio?

TDIV 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, TDIV or PSI?

PSI has higher volatility (13.55%) compared to TDIV (7.12%). In terms of maximum drawdown, TDIV dropped -31.97% vs PSI's -62.96%.

Which ETF is better, TDIV or PSI?

On 10-year performance, PSI leads with 34.03% vs 19.14% for TDIV. On fees, TDIV is cheaper at 0.50% per year. On volatility, TDIV has been the lower-risk option at 7.12%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, TDIV or PSI?

Over the 10-year period, PSI has performed better with a 34.03% return vs 19.14%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, TDIV or PSI?

TDIV is cheaper with a 0.50% expense ratio, compared with 0.56% for PSI.

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

TDIV has the higher dividend yield at 1.13%, compared with 0.05% for PSI.

What is the main difference between TDIV and PSI?

TDIV is categorized as Technology Equities, while PSI is Semiconductors. TDIV tracks NASDAQ Technology Dividend Index, while PSI tracks Dynamic Semiconductors Intellidex Index. They also come from different issuers: First Trust and Invesco. Their fees differ too: 0.50% for TDIV and 0.56% for PSI.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (5.34 vs 2.77), 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.