Invesco Semiconductors ETF Outperforms VanEck Fund Due to Differing Weightings
The Invesco Semiconductors ETF (PSI) has outperformed the larger VanEck Semiconductor ETF (SMH), returning about 103.6% year-to-date compared to SMH's 66.2%. This performance gap is attributed to differing index weighting strategies, with PSI holding a smaller allocation in Nvidia and more balanced exposure across memory producers and equipment companies.
Tickers: $LRCX $MU $NVDA $PSI $SMH
Topics: ETFs index weighting Nvidia semiconductors