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ETFs

Invesco Semiconductors ETF

PSI
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 23 2005
Expense Ratio
0.56%
Type
US Equities
Fund Owner
Invesco
Volume (1m avg. daily)
$2,569,342
AUM
$604,695,510
Associated Index
Dynamic Semiconductors Intellidex Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

MU
Micron Technology Inc.
5.68%
INTC
Intel Corp.
5.44%
ADI
Analog Devices Inc.
5.20%
AVGO
Broadcom Inc
5.07%
LRCX
Lam Research Corp.
4.86%
KLAC
KLA Corp.
4.86%
AMAT
Applied Materials Inc.
4.82%
NVDA
NVIDIA Corp
4.77%
CAMT
Camtek Ltd
3.28%
ONTO
Onto Innovation Inc.
3.12%
Invest with PSI

What is PSI?

The Invesco Dynamic Semiconductors ETF (Fund) is based on the Dynamic Semiconductor Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

ETFs related toPSI

ETFs correlated to PSI include SOXL, SOXX, SOXQ

PSI
Invesco Capital Management LLC - Invesco Semiconductors ETF
SOXL
Direxion Shares ETF Trust - Direxion Daily Semiconductor Bull 3X Shares
SOXX
BlackRock Institutional Trust Company N.A. - iShares Semiconductor ETF
SOXQ
Invesco Exchange-Traded Fund Trust II - Invesco PHLX Semiconductor ETF
FTXL
First Trust Exchange-Traded Fund III - First Trust Nasdaq Semiconductor ETF
XSD
SPDR Series Trust - SPDR Semiconductors ETF
SMH
VanEck ETF Trust - VanEck Semiconductor ETF
USD
ProShares Trust - ProShares Ultra Semiconductors 2X Shares
QTUM
ETF Series Solutions Trust - Defiance Quantum ETF
RSPT
Invesco Capital Management LLC - Invesco S&P 500 Equal Weight Technology ETF
TDV
ProShares Trust - ProShares S&P Technology Dividend Aristocrats ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

FAQ

PSI is a US Equities ETF. The Invesco Dynamic Semiconductors ETF (Fund) is based on the Dynamic Semiconductor Intellidex Index (Intellidex Index). The Fund will normally invest at least 90% of its total assets in common stocks that comprise the Index. The Intelldiex Index is designed to provide capital appreciation by thoroughly evaluating companies based on a variety of investment merit criteria, including: price momentum, earnings momentum, quality, management action, and value. The Underlying Intellidex Index is comprised of common stocks of 30 US semiconductors companies. These are companies that are principally engaged in the manufacture of semiconductors. The Fund and the Index are rebalanced and reconstituted quarterly in February, May, August and November.

PSI tracks the Dynamic Semiconductors Intellidex Index.

No, PSI is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, PSI is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PSI is -0.0353%. This is the percent change in the value of PSI over the most recent 1-month period. The 3-month return on PSI is -0.0164%. This is the percent change in the value of PSI over the most recent 3-month period.

The standard deviation of PSI for the past year is 0.3273%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PSI include XLI, XLY, and XLV.

ETFs correlated to PSI include SOXL, SOXX, and SOXQ.

ETFs that are inversely correlated to PSI include SOXS, HIBS, and TECS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.