PSI vs SCHD
Invesco Semiconductors ETF vs Schwab US Dividend Equity ETF
Quick Verdict
SCHD has a lower expense ratio. PSI delivered stronger 1-year returns. SCHD offers more diversification with 104 holdings.
Side-by-Side Comparison
| Metric | PSI | SCHD | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.06% | |
| AUM | $2.7B | $108.7B | |
| Dividend Yield | 0.04% | 3.13% | |
| Holdings | 32 | 104 | |
| YTD Return | +89.96% | +25.69% | |
| 1Y Return | +156.03% | +30.41% | |
| 3Y Return (annualized) | +54.14% | +16.03% | |
| 5Y Return (annualized) | +31.08% | +9.64% | |
| Volatility (annualized) | 29.0% | 13.6% | |
| Max Drawdown | -99.6% | -33.4% | |
| Fund Family | Invesco (US) | Charles Schwab Asset Management | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | Oct 20, 2011 |
PSI vs SCHD Performance
Invesco Semiconductors ETF (PSI) is a ETF from Invesco (US) and Schwab US Dividend Equity ETF (SCHD) is a ETF from Charles Schwab Asset Management. Over the past year PSI returned +156.03% while SCHD returned +30.41%. Year to date, PSI is up 89.96% versus a gain of 25.69% for SCHD.
Over three years, PSI compounded at +54.14% per year against +16.03% for SCHD; over five years the annualized figures are +31.08% and +9.64% respectively. Across the full 15-year window we track, PSI has the edge at +17.81% annualized vs +11.46%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSI has been the more volatile fund, with annualized monthly volatility of 29.0% compared with 13.6% for SCHD. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -99.6% for PSI and -33.4% for SCHD. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.55. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
PSI charges 0.56% per year while SCHD charges 0.06%. On a $10,000 position that is $56 vs $6 annually, a gap of $50 per year that compounds over a long holding period. On income, PSI currently yields 0.04% against 3.13% for SCHD.
Holdings Overlap
PSI and SCHD share 0 holdings out of 131 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSI or SCHD?
PSI has an expense ratio of 0.56% while SCHD charges 0.06%. SCHD is the cheaper option. On a $10,000 investment, that is $50 per year of difference.
Which performed better, PSI or SCHD?
Over the past year PSI returned +156.03% vs +30.41% for SCHD, so PSI leads on 1-year performance. Over the longest common window we track (15 years), PSI annualized +17.81% vs +11.46% for SCHD. Past performance does not guarantee future results.
Which is riskier, PSI or SCHD?
PSI has been the more volatile fund at 29.0% annualized versus 13.6% for SCHD. Worst drawdown: PSI -99.6% vs SCHD -33.4%.
Should I hold both PSI and SCHD?
PSI and SCHD have a monthly-return correlation of 0.55, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSI and SCHD?
PSI and SCHD share 0 common holdings with a 0.0% weight overlap. Combined, they hold 131 unique securities.
Which pays a higher dividend, PSI or SCHD?
PSI yields 0.04% while SCHD yields 3.13%, so SCHD currently pays the higher dividend yield.
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