XT vs. PSI

Last updated Jun 24, 2026

XT (iShares Future Exponential Technologies ETF) and PSI (Invesco Semiconductors ETF) are both exchange-traded funds - XT is a Technology Equities fund tracking the Morningstar Exponential Technologies Index (Net), while PSI is a Semiconductors fund tracking the Dynamic Semiconductors Intellidex Index. Both are passively managed. Over the past 10 years, XT returned 14.88%/yr vs 35.27%/yr for PSI. Their correlation of 0.82 suggests significant overlap in exposure. XT charges 0.46%/yr vs 0.56%/yr for PSI.

Performance

XT vs. PSI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Future Exponential Technologies ETF (XT) 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, XT achieves a 15.73% return, which is significantly lower than PSI's 116.16% return. Over the past 10 years, XT has underperformed PSI with an annualized return of 14.88%, while PSI has yielded a comparatively higher 35.27% annualized return.

XT

• 1D: -2.84%
• 1M: -0.34%
• YTD: 15.73%
• 6M: 14.43%
• 1Y: 37.71%
• 3Y*: 17.73%
• 5Y*: 7.23%
• 10Y*: 14.88%

PSI

• 1D: -7.60%
• 1M: 10.87%
• YTD: 116.16%
• 6M: 110.97%
• 1Y: 200.81%
• 3Y*: 58.76%
• 5Y*: 32.86%
• 10Y*: 35.27%

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

XT vs. PSI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
XT iShares Future Exponential Technologies ETF	15.73%	26.28%	0.29%	27.02%	-27.83%	16.43%	35.10%	30.74%	-4.93%	33.71%
PSI Invesco Semiconductors ETF	116.16%	36.32%	17.17%	49.06%	-34.43%	46.55%	56.75%	52.49%	-11.55%	40.16%

Correlation

The correlation between XT and PSI is 0.77, 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	0.77
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Mar 24, 2015	0.82

The correlation between XT and PSI has been stable across timeframes, ranging from 0.77 to 0.83 - a consistent structural relationship.

XT vs. PSI - Sectors Allocation Comparison

Sectors	XT	PSI
Technology	46.7%	98.4%
Healthcare	24.1%	-
Industrials	7.7%	1.6%
Consumer Cyclical	7.4%	-
Utilities	4.9%	-
Communication Services	4.1%	-
Financial Services	3.0%	-
Basic Materials	1.7%	-
Energy	0.4%	-
Real Estate	0.0%	-
Consumer Defensive	0.0%	-

Return for Risk

XT vs. PSI — Risk / Return Rank

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

XT

XT Risk / Return Rank: 72
XT Sharpe Ratio Rank: 72
XT Sortino Ratio Rank: 67
XT Omega Ratio Rank: 67
XT Calmar Ratio Rank: 75
XT Martin Ratio Rank: 78

PSI

PSI Risk / Return Rank: 96
PSI Sharpe Ratio Rank: 98
PSI Sortino Ratio Rank: 93
PSI Omega Ratio Rank: 93
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.

XT vs. PSI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Future Exponential Technologies ETF (XT) 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.

	XT	PSI	Difference
Sharpe ratio: Return per unit of total volatility	2.19	4.79	-2.60
Sortino ratio: Return per unit of downside risk	2.90	4.40	-1.50
Omega ratio: Gain probability vs. loss probability	1.38	1.61	-0.23
Calmar ratio: Return relative to maximum drawdown	3.63	13.06	-9.44
Martin ratio: Return relative to average drawdown	14.43	45.36	-30.93

XT vs. PSI - Sharpe Ratio Comparison

The current XT Sharpe Ratio is 2.19, which is lower than the PSI Sharpe Ratio of 4.79. The chart below compares the historical Sharpe Ratios of XT 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

XT vs. PSI - Drawdown Comparison

The maximum XT drawdown since its inception was -34.41%, smaller than the maximum PSI drawdown of -62.96%. Use the drawdown chart below to compare losses from any high point for XT and PSI.

Drawdown Indicators

	XT	PSI	Difference
Max Drawdown Largest peak-to-trough decline	-34.41%	-62.96%	+28.55%
Max Drawdown (1Y) Largest decline over 1 year	-10.45%	-15.48%	+5.03%
Max Drawdown (3Y) Largest decline over 3 years	-22.09%	-41.07%	+18.98%
Max Drawdown (5Y) Largest decline over 5 years	-34.41%	-44.85%	+10.44%
Max Drawdown (10Y) Largest decline over 10 years	-34.41%	-44.85%	+10.44%
Current Drawdown Current decline from peak	-4.18%	-7.60%	+3.42%
Average Drawdown Average peak-to-trough decline	-7.39%	-15.90%	+8.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.62%	4.45%	-1.83%

Volatility

XT vs. PSI - Volatility Comparison

The current volatility for iShares Future Exponential Technologies ETF (XT) is 8.14%, while Invesco Semiconductors ETF (PSI) has a volatility of 21.88%. This indicates that XT 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

	XT	PSI	Difference
Volatility (1M) Calculated over the trailing 1-month period	8.14%	21.88%	-13.74%
Volatility (6M) Calculated over the trailing 6-month period	13.78%	35.15%	-21.37%
Volatility (1Y) Calculated over the trailing 1-year period	17.32%	42.19%	-24.87%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	21.00%	38.84%	-17.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	20.12%	35.61%	-15.49%

XT vs. PSI - Expense Ratio Comparison

XT has a 0.46% expense ratio, which is lower than PSI's 0.56% expense ratio.

Dividends

XT vs. PSI - Dividend Comparison

XT's dividend yield for the trailing twelve months is around 7.08%, 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%
XT iShares Future Exponential Technologies ETF	7.08%	7.95%	0.66%	0.41%	0.78%	0.84%	0.77%	1.55%	1.40%	0.97%	1.37%	1.34%

Frequently Asked Questions

Can I hold both XT and PSI in my portfolio?

XT and PSI have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, XT or PSI?

PSI has higher volatility (21.88%) compared to XT (8.14%). In terms of maximum drawdown, XT dropped -34.41% vs PSI's -62.96%.

Which ETF is better, XT or PSI?

On 10-year performance, PSI leads with 35.27% vs 14.88% for XT. On fees, XT is cheaper at 0.46% per year. On volatility, XT has been the lower-risk option at 8.14%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, XT or PSI?

Over the 10-year period, PSI has performed better with a 35.27% return vs 14.88%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, XT or PSI?

XT is cheaper with a 0.46% expense ratio, compared with 0.56% for PSI.

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

XT has the higher dividend yield at 7.08%, compared with 0.03% for PSI.

What is the main difference between XT and PSI?

XT is categorized as Technology Equities, while PSI is Semiconductors. XT tracks Morningstar Exponential Technologies Index (Net), while PSI tracks Dynamic Semiconductors Intellidex Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.46% for XT and 0.56% for PSI.

Which has better risk-adjusted returns?

PSI currently has the higher Sharpe Ratio (4.79 vs 2.19), 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.