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 is a technology-focused fund managed by Invesco with $2.38 billion in assets under management. It holds an overall grade of B, ranking 9th out of 17 peers in its category and 129th among all tracked ETFs. The fund’s 0.56% expense ratio exceeds the category median of 0.37%, while its 0.15% dividend yield sits slightly above the 0.13% benchmark. Concentration is notable, with the top 10 holdings representing 48.6% of assets, led by MaxLinear, Inc. at 8.0%.

The ETF has delivered a 1-year return of 115.95%, significantly outpacing the category median of 38.69%. This long-term strength contrasts with recent short-term weakness, as the fund declined 5.98% over the last month and 6.22% over three months. Year-to-date performance stands at 64.13%, with the current price of $136.00 positioned at 57.4% of its 52-week range. The B grade has remained unchanged over the last 35 tracked days, based on 3.0 years of available price history.

With a beta of 2.37, the fund exhibits high sensitivity to market movements, accompanied by 51.67% annualized volatility labeled as Very High. Despite this elevated risk profile, the Sharpe ratio of 2.15 suggests strong risk-adjusted returns relative to the volatility experienced. The maximum drawdown of -41.07% indicates significant historical peak-to-trough declines. Liquidity is moderate, with an average daily volume of 442,284 shares and a bid-ask spread of 1.68%.

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 — SOXQ overlaps most, holding 7 of the same companies as PSI's top 10 (33.0% 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: 4.77% (as of 2026-09-03) — 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): 14.32 (as of 2026-09-03) — 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 2026-08-01) — 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 1.68% and average daily volume is 442K/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 $2.38B 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