VEGA vs. PSP
VEGA (AdvisorShares STAR Global Buy-Write ETF) and PSP (Invesco Global Listed Private Equity ETF) are both Global Equities funds. VEGA is actively managed, while PSP is passively managed. Over the past 10 years, VEGA returned 7.65%/yr vs 8.56%/yr for PSP. Their 0.64 correlation means they have sometimes moved together and sometimes differently. VEGA charges 2.02%/yr vs 1.44%/yr for PSP.
Performance
VEGA vs. PSP - Performance Comparison
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Returns By Period
In the year-to-date period, VEGA achieves a 8.26% return, which is significantly higher than PSP's -3.55% return. Over the past 10 years, VEGA has underperformed PSP with an annualized return of 7.65%, while PSP has yielded a comparatively higher 8.56% annualized return.
VEGA
- 1D
- 1.23%
- 1M
- 1.59%
- 6M
- 5.92%
- YTD
- 8.26%
- 1Y
- 15.47%
- 3Y*
- 13.55%
- 5Y*
- 7.00%
- 10Y*
- 7.65%
- ALL TIME*
- 6.24%
PSP
- 1D
- 3.03%
- 1M
- 10.89%
- 6M
- 0.75%
- YTD
- -3.55%
- 1Y
- -3.54%
- 3Y*
- 11.81%
- 5Y*
- 0.82%
- 10Y*
- 8.56%
- ALL TIME*
- 2.78%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $859.72K | $1.11M | $2.69M | |
| $257.33K | $224.28K | $298.61K |
VEGA vs. PSP - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VEGA AdvisorShares STAR Global Buy-Write ETF | 8.26% | 15.83% | 11.20% | 15.12% | -15.02% | 12.36% | 8.37% | 19.29% | -6.58% | 11.50% |
PSP Invesco Global Listed Private Equity ETF | -3.55% | 6.49% | 17.42% | 37.72% | -37.37% | 27.30% | 12.47% | 35.73% | -15.12% | 24.13% |
Correlation
The correlation between VEGA and PSP is 0.66, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.66 |
Correlation (3Y) Balances recent behavior with more history. | 0.70 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.75 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 18, 2012 | 0.64 |
The correlation between VEGA and PSP shifts across timeframes, from 0.64 (all time) to 0.75 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
VEGA vs. PSP — Risk / Return Rank
VEGA
PSP
VEGA vs. PSP - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares STAR Global Buy-Write ETF (VEGA) and Invesco Global Listed Private Equity ETF (PSP). 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.
| VEGA | PSP | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.74 | ||
| Sortino ratioReturn per unit of downside risk | +2.32 | ||
| Omega ratioGain probability vs. loss probability | 1.29 | 0.99 | +0.30 |
| Calmar ratioReturn relative to maximum drawdown | 2.27 | -0.16 | +2.43 |
| Martin ratioReturn relative to average drawdown | 9.44 | -0.30 | +9.75 |
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Drawdowns
VEGA vs. PSP - Drawdown Comparison
The maximum VEGA drawdown since its inception was -28.37%, smaller than the maximum PSP drawdown of -85.40%. Use the drawdown chart below to compare losses from any high point for VEGA and PSP.
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Drawdown Indicators
| VEGA | PSP | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.37% | -85.40% | +57.03% |
Max Drawdown (1Y)Largest decline over 1 year | -6.86% | -22.27% | +15.41% |
Max Drawdown (3Y)Largest decline over 3 years | -11.62% | -22.94% | +11.32% |
Max Drawdown (5Y)Largest decline over 5 years | -22.78% | -47.16% | +24.38% |
Max Drawdown (10Y)Largest decline over 10 years | -28.37% | -47.16% | +18.79% |
Current DrawdownCurrent decline from peak | 0.00% | -8.26% | +8.26% |
Average DrawdownAverage peak-to-trough decline | -3.76% | -30.57% | +26.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.64% | 11.66% | -10.02% |
Volatility
VEGA vs. PSP - Volatility Comparison
The current volatility for AdvisorShares STAR Global Buy-Write ETF (VEGA) is 3.18%, while Invesco Global Listed Private Equity ETF (PSP) has a volatility of 5.91%. This indicates that VEGA experiences smaller price fluctuations and is considered to be less risky than PSP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VEGA | PSP | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 5.91% | -2.73% |
Volatility (6M)Calculated over the trailing 6-month period | 8.15% | 17.18% | -9.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.94% | 20.58% | -10.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.31% | 23.96% | -11.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 12.74% | 22.35% | -9.61% |
VEGA vs. PSP - Expense Ratio Comparison
VEGA has a 2.02% expense ratio, which is higher than PSP's 1.44% expense ratio.
Dividends
VEGA vs. PSP - Dividend Comparison
VEGA's dividend yield for the trailing twelve months is around 1.24%, less than PSP's 5.65% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSP Invesco Global Listed Private Equity ETF | 5.65% | 5.87% | 8.62% | 3.96% | 2.88% | 10.34% | 4.66% | 5.87% | 6.81% | 10.18% | 4.12% | 6.23% |
VEGA AdvisorShares STAR Global Buy-Write ETF | 1.24% | 1.34% | 1.05% | 1.12% | 1.89% | 0.55% | 0.28% | 0.44% | 0.45% | 0.00% | 0.81% | 0.00% |
Frequently Asked Questions
VEGA and PSP have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PSP has higher volatility (5.91%) compared to VEGA (3.18%). In terms of maximum drawdown, VEGA dropped -28.37% vs PSP's -85.40%.
On 10-year performance, PSP leads with 8.56% vs 7.65% for VEGA. On fees, PSP is cheaper at 1.44% per year. On volatility, VEGA has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, PSP has performed better with a 8.56% return vs 7.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
PSP is cheaper with a 1.44% expense ratio, compared with 2.02% for VEGA.
PSP has the higher dividend yield at 5.65%, compared with 1.24% for VEGA.
They also come from different issuers: AdvisorShares and Invesco. Their fees differ too: 2.02% for VEGA and 1.44% for PSP.
VEGA currently has the higher Sharpe Ratio (1.57 vs -0.17), 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.
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