PSI vs SOXQ

PSIBInvesco Semiconductors ETF

SOXQAInvesco PHLX Semiconductor ETF

In short

PSI Most chip ETFs rank the giants by size. PSI runs a quant screen instead: roughly 30 US semiconductor stocks picked on momentum, earnings, quality, management action and value, reshuffled quarterly. 0.55% a year.

SOXQ SOXQ owns the semiconductor industry's landmark benchmark, the PHLX Semiconductor Sector Index, for 0.19% a year. About 30 US-listed chip names, at roughly half the fee of the typical semiconductor fund.

Stated mandate

PSI The fund seeks capital appreciation and normally invests at least 90% of total assets in common stocks comprising the Dynamic Semiconductor Intellidex Index.

SOXQ The Fund seeks to track the investment results, before fees and expenses, of the PHLX Semiconductor Sector Index.

Why people hold it

• PSI The index scores US chip companies on price momentum, earnings momentum, quality, management action and value, then holds roughly 30 of them.invesco.comsec.gov
• The roster is rebalanced and reconstituted every quarter, so the screen keeps re-sorting the group instead of letting one ranking sit for years.invesco.com
• Built from US semiconductor companies, so it is a domestic chip sleeve rather than a global one.sec.gov
• Running since 2005, now a multi-billion-dollar fund in a crowded category, and it pays quarterly.

• SOXQ Charges 0.19% a year against a semiconductor-fund median near 0.35%. Same industry, less friction.
• Undercuts the category's best-known tickers on fee: SMH at 0.35% and SOXX at 0.33%.
• Tracks the PHLX Semiconductor Sector Index, a focused basket of roughly 30 US chip companies. No stock-picking, no theme drift.
• A multi-billion-dollar, actively traded fund, and one of the stronger builds in the semiconductor cohort.

Worth knowing

• PSI At 0.55% it costs more than the typical semiconductor ETF; index rivals CHPS (0.15%) and SOXQ (0.19%) charge less for cap-weighted exposure.
• One industry, roughly 30 names, and the fund is non-diversified, so a few stocks can steer results and chip cycles swing hard.sec.gov
• The quarterly re-sort means the portfolio can look quite different from a cap-weighted chip index, in either direction.invesco.com

• SOXQ About 30 stocks in one industry. That concentration puts it among the more volatile funds in its peer group, in both directions.
• Not the absolute cheapest chip ETF: CHPS runs 0.15%, though it tracks a different index.
• Launched in 2021, so its record is shorter than the decade-plus histories of the category's older funds.

Full PSI profile⁠

Full SOXQ profile⁠