PSI vs SOXX

PSIBInvesco Semiconductors ETF

SOXXAiShares 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.

SOXX The original chip ETF, running since 2001 and still one of the most heavily traded ways to own the semiconductor complex: roughly 30 US-listed names, from chip designers to the equipment makers who supply them.

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.

SOXX The Fund is designed to follow an index of U.S.-listed companies operating in the semiconductor sector.

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.

• SOXX Live since 2001, it is one of the longest-running semiconductor funds and now a multi-billion-dollar one, with heavy daily volume that typically keeps bid-ask spreads narrow.
• 0.33% a year, slightly under the typical fee among semiconductor ETFs.
• A clean pure play: the index tracks US-listed semiconductor companies only, roughly 30 of them, spanning the chip value chain rather than one slice of it.ishares.com
• On cost, liquidity and index execution together, it stands among the stronger builds in a crowded semiconductor field.

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

• SOXX One sector, roughly 30 stocks, non-diversified by design. Moves are bigger than a broad market fund's in both directions.ishares.com
• Cheaper chip funds exist: SOXQ charges 0.19% and CHPS 0.15%, so part of this fee buys the deeper trading pool rather than the exposure itself.
• Not an income vehicle. Chipmakers tend to pay modest dividends, and the fund distributes quarterly.ishares.com

Full PSI profile⁠

Full SOXX profile⁠