Invesco Semiconductors ETF (PSI) — Stock Correlations & Overview
Over the past year, PSI has moved most closely with FTXL, SOXX, SOXL. Explore the stocks most correlated and inversely correlated with PSI below, along with its price, financials, and company profile.
Stocks correlated with PSI
Correlation of daily returns. Higher positive values move with PSI; negative values move opposite it. Informational only, not investment advice.
Most correlated with PSI
| Symbol | Company | Correlation |
|---|---|---|
| FTXL | First Trust Nasdaq Semiconductor ETF | 0.97 |
| SOXX | iShares Semiconductor ETF | 0.96 |
| SOXL | Direxion Daily Semiconductor Bull 3X ETF | 0.96 |
| SOXQ | Invesco PHLX Semiconductor ETFINVESTMENT ADVICE | 0.96 |
| CHPS | Xtrackers Semiconductor Select Equity ETF | 0.96 |
Most inversely correlated with PSI
| Symbol | Company | Correlation |
|---|---|---|
| SOXS | Direxion Daily Semiconductor Bear 3X ETF | -0.96 |
| HIBS | Direxion Daily S&P 500 High Beta Bear 3X ETF | -0.87 |
| TSXD | Direxion Daily Semiconductors Top 5 Bear 2X ETF | -0.86 |
| SSG | ProShares UltraShort Semiconductors | -0.86 |
| TECS | Direxion Daily Technology Bear 3x ETF | -0.85 |
Frequently asked questions about PSI correlations
- Which stocks are most correlated with PSI?
- Based on one year of daily returns, the stocks most correlated with Invesco Semiconductors ETF (PSI) are FTXL (0.97), SOXX (0.96) and SOXL (0.96). A correlation near 1.00 means the two stocks' daily moves have tracked each other closely over the period.
- Which stocks are inversely correlated with PSI?
- Over the past year, the stocks most inversely correlated with Invesco Semiconductors ETF (PSI) are SOXS (-0.96), HIBS (-0.87) and TSXD (-0.86). A negative correlation means the two stocks have tended to move in opposite directions.
- What does a correlation of 0.8 mean for a stock?
- Correlation measures how closely two stocks' daily returns move together, on a scale from -1 to 1. At 0.8, the two stocks have moved in the same direction on most days — though not by identical amounts. A value near 0 means their moves have been unrelated, and a negative value means they have tended to move in opposite directions. Correlation reflects past behavior and can change over time.
- How are these PSI correlations calculated?
- We compute the correlation of daily returns between PSI and roughly 9,000 other US-listed stocks and ETFs over the trailing one-year window, then rank the strongest positive and negative relationships. The data is refreshed monthly. It is informational and educational only — not investment advice.
Charts and financial information provided by TradingView, a popular charting & trading platform. Check out even more advanced features or grab charts for your website.