Invesco Dynamic Semiconductors ETF (PSI) Performance
PSI total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +50.7% since Dec 31, 2025
- 1 year
- +59.0% total return
- 5 years
- +22.5% a year
- 10 years
- +27.8% a year
- Since first price
- +16.5% a year since 2005
PSI trailing returns vs SPY, QQQ, AGG
| Period | PSI total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −19.6% | −19.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −22.4% | −22.4% | +3.2% | +1.9% | −0.4% |
| 6 months | −6.4% | −6.4% | +7.8% | +8.4% | −1.5% |
| YTD | +50.7% | +50.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +59.0% | +59.0% | +14.4% | +15.9% | −1.1% |
| 3 years | +201.3%+44.4%/yr | +200.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +175.9%+22.5%/yr | +172.3% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +1,060.4%+27.8%/yr | +1,016.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +2,717.2%+24.9%/yr | +2,504.2% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| 20 years | +2,169.5%+16.9%/yr | +1,972.8% | +696.9%+10.9%/yr | +1,839.9%+16.0%/yr | +79.6%+3.0%/yr |
| Since inceptionJun 23, 2005 | +2,507.5%+16.5%/yr | +2,281.6% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: PSI vs SPY
From Jun 23, 2005: PSI grew to $260,751, SPY to $93,456.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSI returns by calendar year
15 of 20 full years positive. Best 2020 (+56.8%), worst 2008 (−46.2%). 2026 is year to date.
PSI annual returns table
| Year | PSI | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +50.7% | −37.6% | +12.3% | +15.1% | −1.0% |
| 2025 | +36.3% | −39.5% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.2% | −26.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +49.1% | −21.3% | +26.2% | +54.9% | +5.7% |
| 2022 | −34.4% | −44.8% | −18.2% | −32.6% | −13.0% |
| 2021 | +46.6% | −16.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +56.8% | −36.6% | +18.3% | +48.6% | +7.5% |
| 2019 | +52.5% | −19.0% | +31.2% | +39.0% | +8.5% |
| 2018 | −11.6% | −28.0% | −4.6% | −0.1% | +0.1% |
| 2017 | +40.2% | −13.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +44.1% | −13.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.7% | −23.3% | +1.2% | +9.4% | +0.5% |
| 2014 | +37.3% | −18.0% | +13.5% | +19.2% | +6.0% |
| 2013 | +32.0% | −8.8% | +32.3% | +36.6% | −2.0% |
| 2012 | +4.6% | −19.6% | +16.0% | +18.1% | +3.8% |
| 2011 | −14.5% | −38.3% | +1.9% | +3.4% | +7.7% |
| 2010 | +20.6% | −24.8% | +15.1% | +19.9% | +6.4% |
| 2009 | +47.2% | −20.4% | +26.4% | +54.7% | +3.0% |
| 2008 | −46.2% | −56.2% | −36.8% | −41.7% | +7.9% |
| 2007 | +0.4% | −22.2% | +5.1% | +19.0% | +6.6% |
| 2006 | +4.6% | −29.5% | +15.8% | +7.1% | +3.9% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
PSI largest drawdowns
Now 36.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| May 4, 2006 | −63.0% | Nov 20, 2008 | Mar 4, 2014 | 2.5 years | 7.8 years |
| Jan 3, 2022 | −44.8% | Oct 14, 2022 | Jan 24, 2024 | 9 months | 2.1 years |
| Jul 16, 2024 | −41.1% | Apr 8, 2025 | Sep 11, 2025 | 9 months | 1.2 years |
| Jun 30, 2026 | −37.6% | Oct 22, 2026 | not yet | 4 months | 4 months so far |
| Feb 19, 2020 | −36.6% | Mar 20, 2020 | Jun 5, 2020 | 30 days | 4 months |
| Jun 6, 2018 | −28.0% | Dec 24, 2018 | Apr 16, 2019 | 7 months | 10 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PSI risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2005 |
|---|---|---|---|---|
| Annualized return | +52.9% | +29.4% | +30.7% | +18.2% |
| Volatility (annualized) | 41.8% | 39.9% | 33.1% | 29.0% |
| Sharpe ratio | 1.12 | 0.76 | 0.91 | — |
| Sortino ratio | 2.21 | 1.32 | 1.59 | — |
| Best month | +41.6% | +41.6% | +41.6% | +41.6% |
| Worst month | −27.4% | −27.4% | −27.4% | −27.4% |
| Best 12 months | +213.4% | +213.4% | +213.4% | +213.4% |
| Worst 12 months | −15.9% | −34.4% | −34.4% | −48.1% |
| Positive months | 61% | 58% | 62% | 60% |
| Beta vs S&P 500 | 2.17 | 1.79 | 1.54 | — |
| Correlation with S&P 500 | 0.65 | 0.70 | 0.71 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
PSI rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 245 | −48.1% | +19.2% | +213.4% | 71% |
| 3-year (a year) | 221 | −23.3% | +19.5% | +60.5% | 86% |
| 5-year (a year) | 197 | −6.5% | +19.8% | +39.0% | 84% |
| 10-year (a year) | 137 | +2.4% | +21.1% | +36.3% | 100% |
Every holding period starting at a month-end since 2005. Returns for 3 years and longer are annualized.
PSI performance overview
Invesco Dynamic Semiconductors ETF (PSI) returned +59.0% over the past year and +27.8% a year over ten years, with distributions reinvested. Since its first recorded price in 2005 it has returned +16.5% a year, turning $10,000 into about $260,751. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −63.0%, from May 4, 2006 to Nov 20, 2008, and it took 5.3 years to get back to the old high. PSI finished 15 of its 20 full calendar years with a gain; the best year was 2020 (+56.8%) and the worst 2008 (−46.2%). Volatility has been 29.0% a year.
Related: PSI chart, PSI holdings, PSI dividends, PSI valuation. See the PSI overview for the latest quote and fund facts.
PSI performance FAQ
What is the PSI return over the past year?
PSI returned +59.0% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 59.0%.
What is the average annual return of PSI?
PSI has returned +22.5% a year over 5 years, +27.8% a year over 10 years, +16.5% a year since June 23, 2005 (total return, distributions reinvested).
How much would $10,000 invested in PSI be worth?
$10,000 invested in PSI at its first recorded close on June 23, 2005 would be worth about $260,751 on October 23, 2026 with distributions reinvested.
What was the worst year for PSI?
The worst calendar year was 2008, with a total return of −46.2%. The best was 2020 at +56.8%.
What is the biggest drawdown of PSI?
The largest peak-to-trough decline was −63.0% between May 4, 2006 and November 20, 2008. It recovered to the old high on March 4, 2014, 5.3 years after the bottom.
How volatile is PSI?
Over the past 3 years PSI had an annualized volatility of 41.8% and a Sharpe ratio of 1.12 (excess return over 1–3 month T-bills per unit of risk).