Invesco Global Listed Private Equity ETF (PSP) Performance
PSP total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −12.1% since Dec 31, 2025
- 1 year
- −11.1% total return
- 5 years
- −1.3% a year
- 10 years
- +7.5% a year
- Since first price
- +2.2% a year since 2006
PSP trailing returns vs SPY, QQQ, AGG
| Period | PSP total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.5% | −0.5% | −1.0% | −5.0% | +0.9% |
| 3 months | +0.0% | −0.7% | +3.2% | +1.9% | −0.4% |
| 6 months | −3.2% | −5.8% | +7.8% | +8.4% | −1.5% |
| YTD | −12.1% | −14.7% | +12.3% | +15.1% | −1.0% |
| 1 year | −11.1% | −15.5% | +14.4% | +15.9% | −1.1% |
| 3 years | +44.0%+12.9%/yr | +19.1% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | −6.5%−1.3%/yr | −29.5% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +105.9%+7.5%/yr | +8.2% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +252.8%+8.8%/yr | +36.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionOct 24, 2006 | +55.1%+2.2%/yr | −54.4% | — | — | — |
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: PSP vs SPY
From Oct 24, 2006: PSP grew to $15,512, SPY to $79,449.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
PSP returns by calendar year
13 of 19 full years positive. Best 2023 (+37.8%), worst 2008 (−64.5%). 2026 is year to date.
PSP annual returns table
| Year | PSP | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −12.1% | −22.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +6.5% | −22.9% | +17.7% | +20.8% | +7.2% |
| 2024 | +17.4% | −9.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +37.8% | −15.9% | +26.2% | +54.9% | +5.7% |
| 2022 | −37.4% | −45.5% | −18.2% | −32.6% | −13.0% |
| 2021 | +27.3% | −9.0% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.5% | −47.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +35.7% | −7.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −15.1% | −24.1% | −4.6% | −0.1% | +0.1% |
| 2017 | +24.1% | −4.9% | +21.7% | +32.7% | +3.6% |
| 2016 | +10.2% | −15.8% | +12.0% | +7.1% | +2.4% |
| 2015 | +1.3% | −14.5% | +1.2% | +9.4% | +0.5% |
| 2014 | −4.9% | −16.9% | +13.5% | +19.2% | +6.0% |
| 2013 | +37.5% | −8.6% | +32.3% | +36.6% | −2.0% |
| 2012 | +30.4% | −15.7% | +16.0% | +18.1% | +3.8% |
| 2011 | −21.0% | −36.2% | +1.9% | +3.4% | +7.7% |
| 2010 | +25.9% | −21.2% | +15.1% | +19.9% | +6.4% |
| 2009 | +30.3% | −57.6% | +26.4% | +54.7% | +3.0% |
| 2008 | −64.5% | −72.8% | −36.8% | −41.7% | +7.9% |
| 2007 | −13.7% | −25.0% | +5.1% | +19.0% | +6.6% |
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.
PSP largest drawdowns
Now 16.4% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jun 4, 2007 | −85.4% | Mar 9, 2009 | Jan 22, 2020 | 1.8 years | 12.6 years |
| Nov 5, 2021 | −47.2% | Oct 12, 2022 | Nov 8, 2024 | 11 months | 3.0 years |
| Feb 14, 2020 | −47.0% | Mar 23, 2020 | Nov 19, 2020 | 38 days | 9 months |
| Jan 23, 2025 | −22.9% | Apr 8, 2025 | Jul 9, 2025 | 2 months | 5 months |
| Jul 23, 2025 | −22.4% | Mar 27, 2026 | not yet | 8 months | 1.3 years so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
PSP risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2006 |
|---|---|---|---|---|
| Annualized return | +9.6% | −0.1% | +7.0% | +2.0% |
| Volatility (annualized) | 21.6% | 24.2% | 22.9% | 25.3% |
| Sharpe ratio | 0.33 | -0.03 | 0.32 | 0.16 |
| Sortino ratio | 0.52 | -0.04 | 0.45 | 0.21 |
| Best month | +18.3% | +18.3% | +18.3% | +23.0% |
| Worst month | −11.5% | −14.6% | −27.5% | −34.2% |
| Best 12 months | +52.3% | +52.3% | +86.3% | +101.0% |
| Worst 12 months | −14.4% | −40.9% | −40.9% | −75.4% |
| Positive months | 56% | 50% | 59% | 59% |
| Beta vs S&P 500 | 1.25 | 1.28 | 1.29 | — |
| Correlation with S&P 500 | 0.72 | 0.83 | 0.86 | — |
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.
PSP rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 229 | −75.4% | +6.7% | +101.0% | 61% |
| 3-year (a year) | 205 | −29.2% | +8.7% | +31.9% | 82% |
| 5-year (a year) | 181 | −17.9% | +8.5% | +29.2% | 83% |
| 10-year (a year) | 121 | −3.0% | +8.2% | +16.2% | 89% |
Every holding period starting at a month-end since 2006. Returns for 3 years and longer are annualized.
PSP performance overview
Invesco Global Listed Private Equity ETF (PSP) returned −11.1% over the past year and +7.5% a year over ten years, with distributions reinvested. Since its first recorded price in 2006 it has returned +2.2% a year, turning $10,000 into about $15,512. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −85.4%, from Jun 4, 2007 to Mar 9, 2009, and it took 10.9 years to get back to the old high. PSP finished 13 of its 19 full calendar years with a gain; the best year was 2023 (+37.8%) and the worst 2008 (−64.5%). Volatility has been 25.3% a year.
Related: PSP chart, PSP holdings, PSP dividends. See the PSP overview for the latest quote and fund facts.
PSP performance FAQ
What is the PSP return over the past year?
PSP returned −11.1% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 15.5%.
What is the average annual return of PSP?
PSP has returned −1.3% a year over 5 years, +7.5% a year over 10 years, +2.2% a year since October 24, 2006 (total return, distributions reinvested).
How much would $10,000 invested in PSP be worth?
$10,000 invested in PSP at its first recorded close on October 24, 2006 would be worth about $15,512 on October 23, 2026 with distributions reinvested.
What was the worst year for PSP?
The worst calendar year was 2008, with a total return of −64.5%. The best was 2023 at +37.8%.
What is the biggest drawdown of PSP?
The largest peak-to-trough decline was −85.4% between June 4, 2007 and March 9, 2009. It recovered to the old high on January 22, 2020, 10.9 years after the bottom.
How volatile is PSP?
Over the past 3 years PSP had an annualized volatility of 21.6% and a Sharpe ratio of 0.33 (excess return over 1–3 month T-bills per unit of risk).