PSI vs VOO
Invesco Semiconductors ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. PSI delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | PSI | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.56% | 0.03% | |
| AUM | $2.7B | $997.4B | |
| Dividend Yield | 0.04% | 1.08% | |
| Holdings | 32 | 509 | |
| YTD Return | +76.58% | +12.95% | |
| 1Y Return | +137.99% | +20.69% | |
| 3Y Return (annualized) | +49.21% | +22.09% | |
| 5Y Return (annualized) | +29.45% | +13.40% | |
| Volatility (annualized) | 28.9% | 14.1% | |
| Max Drawdown | -99.6% | -34.3% | |
| Fund Family | Invesco (US) | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jun 23, 2005 | Sep 7, 2010 |
PSI vs VOO Performance
Invesco Semiconductors ETF (PSI) is a ETF from Invesco (US) and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year PSI returned +137.99% while VOO returned +20.69%. Year to date, PSI is up 76.58% versus a gain of 12.95% for VOO.
Over three years, PSI compounded at +49.21% per year against +22.09% for VOO; over five years the annualized figures are +29.45% and +13.40% respectively. Across the full 16-year window we track, PSI has the edge at +17.40% annualized vs +13.50%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSI has been the more volatile fund, with annualized monthly volatility of 28.9% compared with 14.1% for VOO. 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 -34.3% for VOO. 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 0.74. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
PSI charges 0.56% per year while VOO charges 0.03%. On a $10,000 position that is $56 vs $3 annually, a gap of $53 per year that compounds over a long holding period. On income, PSI currently yields 0.04% against 1.08% for VOO.
Holdings Overlap
PSI and VOO share 9 holdings out of 527 unique holdings combined, representing a 10.1% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, PSI or VOO?
PSI has an expense ratio of 0.56% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $53 per year of difference.
Which performed better, PSI or VOO?
Over the past year PSI returned +137.99% vs +20.69% for VOO, so PSI leads on 1-year performance. Over the longest common window we track (16 years), PSI annualized +17.40% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, PSI or VOO?
PSI has been the more volatile fund at 28.9% annualized versus 14.1% for VOO. Worst drawdown: PSI -99.6% vs VOO -34.3%.
Should I hold both PSI and VOO?
PSI and VOO have a monthly-return correlation of 0.74, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between PSI and VOO?
PSI and VOO share 9 common holdings with a 10.1% weight overlap. Combined, they hold 527 unique securities.
Which pays a higher dividend, PSI or VOO?
PSI yields 0.04% while VOO yields 1.08%, so VOO currently pays the higher dividend yield.
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