PSI
Invesco Semiconductors ETF
The Invesco Dynamic Semiconductors Portfolio ETF uses a quantitative model to select and weight semiconductor companies.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 1.9 B
ASSETS UNDER MGMT
57 bp
EXPENSES
Fund Basics
| Inception date | Jun 23, 2005 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| MICRON TECHNOLOGY INC | 7.1 % |
| LAM RESEARCH CORP | 6.2 % |
| KLA CORPORATION | 5.4 % |
| BROADCOM INC. | 5.0 % |
| QUALCOMM INC | 4.7 % |
| NVIDIA CORP | 4.5 % |
| ADVANCED MICRO DEVICES | 4.3 % |
| ANALOG DEVICES INC | 4.1 % |
| CAMTEK LTD | 3.2 % |
| MKS INSTRUMENTS INC | 3.1 % |
Constituent Breakdown
| Number of holdings | 28 |
| Herfindahl-Hirschman Index | 378 |
| Wgt avg mkt cap (mns) | $365,387 |
| Large cap (>$10bn) | 57.4% |
| Mid cap ($2-10bn) | 34.8% |
| Small cap (<$2bn) | 2.5% |
| Developed mkts. | 94.8% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 85.7 % |
 |
ISRAEL | 9.0 % |
Historical Performance
Standardized Performance (as of 05/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 97.0% | 205.1% | 62.5% | 54.8% | 30.3% | 33.1% | 17.7% | 17.8% |
| Dividend Yield | 0.0% | 0.4% | 0.2% | 0.3% | 0.4% | 0.6% | 0.5% | 0.5% |
| Total Returns | 97.0% | 205.5% | 62.7% | 55.1% | 30.6% | 33.6% | 18.2% | 18.4% | Ann. Volatility | 44.5% | 37.6% | 42.6% | 38.2% | 37.8% | 35.1% | 32.0% | 31.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 2.37 | 55% |
| MSCI EAFE | 1.48 | 35% |
| MSCI Emg Mkts | 1.42 | 56% |
Liquidity Measures
| Avg. volume (000) | 483 |
| ADV traded (mns) | $78 |
| Turnover | 4.2% |
| Avg. Bid/Ask (% of price) | 0.11% |
Technical Indicators
| 30d moving avg. (EMA) | $141.55 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 8.71/9.13 |
| Bollinger Bands (Upper/Lower) | $164.13/$134.22 |
| Short interest (% of AUM) | 0.6% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. PSI |
Expenses vs. PSI |
ALTAR Score™ vs. PSI |
|---|---|---|---|---|
| FTXL | First Trust Nasdaq Semiconductor ETF | 45.3% | +3 bp | +0.2% |
| XSD | State Street SPDR S&P Semiconductor ETF | 42.3% | -22 bp | +0.2% |
| SOXQ | Invesco PHLX Semiconductor ETF | 41.5% | -38 bp | +0.4% |
| SOXX | iShares Semiconductor ETF | 41.5% | -22 bp | +0.4% |
| SMH | VanEck Semiconductor ETF | 38.9% | -22 bp | +0.6% |
| SHOC | Strive U.S. Semiconductor ETF Strive U.S. Semiconductor ETF | 36.3% | -17 bp | +0.4% |
| SMHX | VanEck Fabless Semiconductor ETF | 33.2% | -22 bp | +0.4% |
| BAI | iShares AI Innovation and Tech Active ETF | 32.2% | -2 bp | -0.4% |
| XLK | Technology Select Sector SPDR | 27.9% | -49 bp | +2.0% |
| MTUM | iShares MSCI USA Momentum Factor ETF | 27.5% | -42 bp | +1.2% |
Risk and Returns: PSI vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 6/3/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
1.5%
ALTAR SCORE™
4th
PERCENTILE
AVOID
ETFRC RATING
There are 1,399 funds in the US Equity category with an average
ALTAR Score™ of 5.3% and a standard deviation
of 2.1%. PSI's ALTAR Score™ is approximately -1.8 standard
deviations above the category average. This places PSI in the 4th percentile
among funds in the category.
Sell-Side Consensus
$134.52
PRICE TARGET
-16.8%
UPSIDE