ETF Evaluator:
Invesco Semiconductors ETF (PSI)
Follow This ETF
(as of Jul 31)
Best Performing in Technology Over the Last Year
| 213.0% | Invesco Semiconductors ETF (PSI) |
| 203.0% | VistaShares Artfcl Intlgc Supercycle ETF (AIS) |
| 197.3% | First Trust Nasdaq Semiconductor ETF (FTXL) |
| 196.0% | Xtrackers Semiconductor Select Eq ETF (CHPS) |
| 169.6% | iShares Semiconductor ETF (SOXX) |
Risk
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Risk
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ETF Details
Invesco Semiconductors ETF Overview
Invesco Semiconductors ETF (PSI) is a passively managed Sector Equity Technology exchange-traded fund (ETF). Invesco launched the ETF in 2005.
The investment seeks to track the investment results (before fees and expenses) of the Dynamic Semiconductor Intellidex® Index.
The fund generally will invest at least 90% of its total assets in securities that comprise the underlying index. The underlying index is composed of common stocks of 30 U.S. semiconductor companies. These companies are engaged principally in the manufacture of semiconductors. The fund is non-diversified.
About Invesco Semiconductors ETF (PSI)
There are 3 members of the management team with an average tenure of 14.26 years: Peter Hubbard (2007), Michael Jeanette (2008) and Pratik Doshi (2020). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: NASDAQ Composite TR USD index with a weighting of 100% and Dynamic Semiconductor Intellidex TR USD index with a weighting of 100%. Invesco Semiconductors ETF has 31 securities in its portfolio. The top 10 holdings constitute 50.2% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Invesco Semiconductors ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Invesco Semiconductors ETF has 5.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 94.2% There is 5.8% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Invesco Semiconductors ETF has 0.0% of the portfolio in cash.
Assets Under Management
The fund has $3 billion in total assets, which is below the $3 billion average for the Technology category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PSI Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Invesco Semiconductors ETF expense ratio is average compared to funds in the Technology category. Invesco Semiconductors ETF has an expense ratio of 0.56%, which is 5% higher than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Invesco Semiconductors ETF has a portfolio turnover rate of 0%, which indicates that it holds its assets around /years. By way of comparison, the average portfolio turnover is 36% for the Technology category.
Recently, in the month of June 2026, Invesco Semiconductors ETF returned 20.9%, which earned it a grade of A, as the Technology category had an average return of 0.0%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Invesco Semiconductors ETF has a trailing yield of 0.03%, which is below the 0.49% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Invesco Semiconductors ETF Grades
Year to date, the ETF has returned 138.1%, 102.9 percentage points better than the category, which translates into a grade of A. The fund has returned 213.0% over the past year (grade of A), 60.5% over the past three years (grade of A) and 34.8% per year over the past five years (grade of A) and 36.3% per year over the past 10 years (grade of A).
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PSI Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PSI Return (NAV) | 20.9% | 99.0% | 213.0% | 60.5% | 34.8% | 36.3% |
| PSI Return (Price) | 20.9% | 99.0% | 213.4% | 60.5% | 34.8% | 36.3% |
| NAV +/- Price Return | 0.033% | -0.053% | -0.430% | -0.016% | 0.013% | -0.026% |
| Technology Avg | 0.0% | 40.3% | 52.2% | 27.7% | 12.4% | 21.0% |
| PSI Grade (NAV) | A | A | A | A | A | A |
| +/- Category (NAV) | 20.9% | 58.7% | 160.8% | 32.8% | 22.5% | 15.3% |
| PSI Tax-Cost Ratio | na | na | 0.0% | 0.1% | 0.1% | 0.1% |
PSI Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PSI Return (NAV) | 138.1% | 36.3% | 17.2% | 48.8% | -34.3% | 46.6% | 56.8% | 51.8% | -11.2% | 40.0% | 44.4% |
| PSI Return (Price) | 138.2% | 36.3% | 17.2% | 49.1% | -34.4% | 46.6% | 56.7% | 52.5% | -11.5% | 40.2% | 44.1% |
| NAV +/- Price Ret | 0.001% | 0.000% | -0.004% | 0.005% | 0.004% | -0.000% | -0.001% | 1.3% | 3.1% | 0.3% | -0.7% |
| Technology Avg | 35.2% | 23.2% | 19.9% | 43.8% | -35.8% | 16.7% | 53.3% | 37.8% | -3.2% | 33.7% | 15.0% |
| PSI Grade (NAV) | A | A | C | C | C | A | B | A | F | A | A |
| +/- Category | 102.9% | 13.1% | -2.7% | 5.1% | 1.5% | 29.9% | 3.5% | 14.0% | -8.0% | 6.3% | 29.4% |
| Risk Measures | |
| Beta: | 2.26 |
| R-Squared: | 58% |
| Standard Deviation: | 37.5% |
| Category Risk Index: | 1.47 |
| Category Risk Rating: | High |
| Total Risk Index: | 3.09 |
| Total Risk Rating: | High |
| Portfolio Characteristics | |
| Yield: | 0.0% |
| Total Assets: | $ 3,098 Mil |
| Share Class Assets: | $ 3,098 Mil |
| Turnover: | na |
| Expense Ratio: | 0.56% |
| Index Fund: | Yes |
| Index Tracked: | NASDAQ Composite TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 19.1 years | |||
| Average Tenure: 14.3 years | |||
| Managers (Year): Hubbard Peter (2007), Jeanette Michael (2008), Doshi Pratik (2020) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 31 |
| % in Top 10 Holdings: | 50.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 5.8% |
Portfolio Allocation |
|
| Domestic Stock: | 94.2% |
| Foreign Stock: | 5.8% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Invesco |
| Phone Number: | 800-983-0903 |
| Website: | www.invescopowershares.com |
| Inception Date: | June 23, 2005 |
Expenses and Fees
| Expense Ratio (%): | 0.56% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
