PSI — Invesco Semiconductors ETF

PSI Price Performance — Growth of $10,000

Value of a $10,000 investment in PSI over time, compared with SPY. Both lines are rebased to $10,000 on the first shared date. Based on total returns — prices are adjusted for dividends and splits, so this assumes distributions were reinvested. Hover or tap the chart for exact values.

PSI Drawdown

The "underwater" chart: PSI's decline from its highest prior value at each point in time. It shows how deep past losses ran and how long the fund took to recover to break-even.

Overview

The Invesco Semiconductors ETF, trading under the ticker PSI, operates within the Technology category managed by issuer Invesco. With assets under management totaling $3.10 billion and a share price of $144.79, the fund reflects significant investor adoption relative to its peers. It holds an overall rank of #115 out of 458 tracked ETFs across all categories, earning an ETFValuer grade of B with a score of 69.8 out of 100. The fund carries an expense ratio of 0.56% and offers a dividend yield of 0.12%. Being one of 17 ETFs tracked in the Technology category, PSI positions itself as a substantial vehicle for semiconductor exposure. The combination of high assets and a mid-tier rank suggests active participation from investors seeking sector-specific growth. Its pricing and size indicate it is a well-established option within the broader technology landscape.

Recent price action shows a sharp decline of 5.48% over the last day, contrasting with a 1.10% gain over the past week. Over the last month, the fund retreated 14.20%, yet this short-term weakness is overshadowed by a 14.00% increase over the three-month period. The six-month return accelerated significantly to 52.11%, while year-to-date performance surged to 74.74%. Long-term momentum is particularly pronounced, with a one-year return of 139.01% and a three-year return reaching 201.79%. This trajectory illustrates a pattern where short-term volatility has given way to substantial long-term appreciation. The divergence between the recent monthly drop and the multi-year gains highlights the fund's sensitivity to market cycles. Such performance metrics indicate a strong upward trend over extended horizons despite recent fluctuations.

The fund is assigned a Very High volatility label and exhibits a beta of 2.26, indicating it moves more than twice as much as the broader market. This high sensitivity is reflected in a maximum drawdown of -41.07%, showing the potential for significant capital erosion during downturns. Despite these risks, the ETF has achieved a Sharpe ratio of 2.82, suggesting that the returns generated have been substantial relative to the volatility endured. The combination of a 2.26 beta and a -41.07% max drawdown points to an asset class that experiences extreme swings in both directions. Investors face the trade-off of high potential rewards, evidenced by the 201.79% three-year return, against the backdrop of severe downside risk. The high Sharpe ratio implies that the fund has historically compensated investors well for the elevated risk taken, even if the path has been turbulent.

AI-generated summary based on the data on this page.

PSI Top Holdings

Holdings as of 2026-04-30 per the fund's most recent SEC N-PORT-P filing. Top 10 holdings make up 48.6% of net assets — a rough gauge of concentration risk (the higher this figure, the more the fund's return depends on a handful of names). To see how PSI's holdings overlap with other ETFs you own or are considering, check the Stock Overlap tool.

Which Funds Overlap With PSI

Holding two funds that own the same companies adds cost and complexity without adding much diversification. These tracked ETFs share the most names with PSI's top 10 — SOXX overlaps most, holding 7 of the same companies as PSI's top 10 (32.6% of PSI's assets).

Compares the top 10 reported holdings of each fund, so it's a floor on true overlap — two S&P 500 trackers overlap ~100% even when only 10 names are listed. Use the Stock Overlap tool to search by individual company.

Market Backdrop

10-Year Treasury Yield: 4.71% (as of 2026-07-23) — The yield on 10-year US Treasury bonds — the standard "risk-free rate" benchmark used to contextualize this fund’s Sharpe ratio and returns.

CBOE Volatility Index (VIX): 18.70 (as of 2026-07-23) — A real-time gauge of expected S&P 500 volatility over the next 30 days — useful context for this fund’s own volatility label.

Federal Funds Rate: 3.63% (as of 2026-06-01) — The Federal Reserve’s target policy rate, which anchors short-term borrowing costs across the economy.

PSI Liquidity, Domicile & Tax Treatment

Liquidity: Quoted bid/ask spread is 2.63% and average daily volume is 451K/day. Tighter spreads and higher volume mean lower round-trip trading costs; this is a live-market snapshot and can widen during volatile sessions. AUM of $3.10B provides ample scale, supporting tight spreads and issuer commitment to keep the fund open.

Domicile & tax treatment: PSI is a US-domiciled, SEC-registered ('40 Act) exchange-traded fund. Dividends and capital gains distributions are reported to US investors on Form 1099-DIV, and the fund is not subject to the PFIC reporting or UCITS-specific rules that apply to Irish- or Luxembourg-domiciled funds. Non-US investors should note that US-domiciled ETFs are generally subject to 30% US withholding tax on dividends (unless reduced by treaty) and to US estate tax exposure on the position — Irish-domiciled UCITS ETFs tracking the same index often avoid both, which is why non-US residents frequently prefer the UCITS equivalent where one exists. This is general information, not tax advice — consult a tax professional for your situation.

PSI Performance History

How PSI Compares to Other Technology ETFs