Do FTXL and PSI hold the same stocks?

By their latest filings, 53% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.

Which is more different from the S&P 500, FTXL or PSI?

FTXL has 83% of its weight in S&P 500 names and PSI has 51%, so PSI differs more from the index.

Which is cheaper, FTXL or PSI?

FTXL charges 0.60% a year and PSI charges 0.55%, so PSI is cheaper. Fees come from each fund's prospectus.

Data as of Nov 4, 2026.

Thematic ETFs

FTXL vs PSI: Holdings Overlap & Returns

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Over the year to Nov 4, 2026, FTXL returned +66.7% to PSI's +50.0%; 53% of their weight is in the same names.

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Net assets on Nov 3, 2026: $1.1bn for First Trust Nasdaq Semiconductor ETF and $2.2bn for Invesco Semiconductors ETF.

FTXL on its own →PSI on its own →

At a glance

82.9%

FTXL in the S&P 500

50.9%

PSI in the S&P 500

+66.7%

FTXL total return, 1 year

+50.0%

PSI total return, 1 year

FTXL · 1 year to Nov 4, 2026 17% of its weight is outside the S&P 500

83% of FTXL's weight is in S&P 500 companies and 17% is outside the index. Holdings as of Nov 3, 2026.

PSI · 1 year to Nov 4, 2026 49% of its weight is outside the S&P 500

51% of PSI's weight is in S&P 500 companies and 49% is outside the index. Holdings as of Nov 3, 2026.

Pair scorecard

PSI costs 0.05 points a year less; their one-year returns differ by 16.7 points; PSI is 2.0 times larger.

FTXL vs PSI: Holdings Overlap & Returns
Measure	FTXL	PSI
Return
Measure	FTXL	PSI
Total return, 1 year	+66.7%	+50.0%
Drawdown
Measure	FTXL	PSI
Below its all-time high	31.6%, high on Jun 22, 2026	39.9%, high on Jun 30, 2026
Benchmark
Measure	FTXL	PSI
What it tracks	Semiconductors	Semiconductors
Cost and size
Measure	FTXL	PSI
Expense ratio	0.60%	0.55%
Net assets, as of Nov 3, 2026	$1.1bn	$2.2bn
Holdings
Measure	FTXL	PSI
Holdings in common	53%

ETFIQ S&P 500 Difference Score · PSI scores higher How much of its weight does it not share with the S&P 500?

IQ Themes Score35.5FTXL63.6PSI

How different its holdings are from the S&P 500, ranked against 114 thematic ETFs with at least half their money in S&P 500 companies. 100 is best. How it is computed

FTXL 35.5

PSI 63.6

0.4, the lowest in this set 99.6, the highest

Weight not shared with the S&P 500 only; it says nothing about returns, fees or whether the theme pays off. All thematic ETFs ranked by it →

Method

Risk and return

Sep 30, 2016 to Oct 30, 2026 · 526 weekly returns

FTXL PSI

Return

Total return edge PSI (slight) +1,000.8% +1,027.7%

Annualized edge Tie +26.8% +27.1%

Price return edge PSI (slight) +940.0% +985.0%

Risk

Volatility edge FTXL (slight) 31.7% 33.8%

Max drawdown edge FTXL (slight) −43.0% −44.0%

Risk-adjusted

Sharpe edge FTXL (slight) 0.83 0.81

Sortino edge FTXL (slight) 1.26 1.21

Calmar edge Tie 0.62 0.62

Reading

From Sep 2016 to Oct 2026, PSI returned slightly more: +1,027.7% to +1,000.8%. FTXL swung slightly less: 31.7% to 33.8%. FTXL fell slightly less at its worst: −43.0% to −44.0%.

Full scorecard

9 measures, with how each is measured Open ↓

Risk and return: FTXL vs PSI: Holdings Overlap & Returns
Measure	FTXL	PSI	Edge	How it is measured
Return
Total return	+1,000.8%	+1,027.7%	PSI (slight)	Price change plus distributions, reinvested.
Annualized	+26.8%	+27.1%	Tie	Total return as a yearly rate.
Price return	+940.0%	+985.0%	PSI (slight)	Price change alone, distributions left out.
Risk
Volatility	31.7%	33.8%	FTXL (slight)	Spread of weekly returns, annualized. Lower is steadier.
Downside deviation	20.9%	22.4%	FTXL (slight)	Like volatility, counting only weeks below the Treasury bill rate.
Max drawdown	−43.0%	−44.0%	FTXL (slight)	Deepest fall from a high to the low after it.
Risk-adjusted
Sharpe	0.83	0.81	FTXL (slight)	Return above Treasury bills per unit of volatility.
Sortino	1.26	1.21	FTXL (slight)	Return above Treasury bills per unit of downside deviation.
Calmar	0.62	0.62	Tie	Annualized return divided by the max drawdown.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records, 526 weekly returns. Cash rate: the 13-week Treasury bill.

What they share

53%

By the books each fund has filed, FTXL and PSI hold 53% of their money in the same securities at the same weight. Holdings dated Nov 3, 2026.

50%

0 half 100%

half

53% in common

Positions both hold · largest shared weight first FTXL PSI

Micron Technology, Inc. 7.53% 5.26%

Texas Instruments Incorporated 5.06% 6.94%

Analog Devices, Inc. 4.90% 6.45%

Advanced Micro Devices, Inc. 4.34% 5.80%

Intel Corporation 5.71% 3.98%

KLA Corporation 3.76% 4.89%

Applied Materials, Inc. 3.52% 4.57%

Microchip Technology Incorporated 3.48% 3.32%

Lam Research Corporation 3.23% 4.21%

ON Semiconductor Corporation 4.14% 3.14%

Entegris, Inc. 2.74% 3.45%

Amkor Technology, Inc. 3.13% 2.42%

Only in one fund ↓

Only in FTXL

QUALCOMM Incorporated 8.15%

NVIDIA Corporation 7.91%

Broadcom Inc. 7.57%

NXP Semiconductors N.V. 4.94%

Marvell Technology, Inc. 3.43%

Monolithic Power Systems, Inc. 2.16%

Cirrus Logic, Inc. 1.83%

Rambus Inc. 0.98%

Only in PSI

Cohu Inc 3.10%

Wolfspeed Inc 2.78%

Power Integrations Inc 2.69%

Kulicke & Soffa Industries Inc 2.69%

Tower Semiconductor Ltd 2.40%

MKS Inc 2.38%

SiTime Corp 2.35%

Ichor Holdings Ltd 2.00%

Check overlap with more funds →

Window by window

Window by window: FTXL vs PSI: Holdings Overlap & Returns
	Total return
Window	FTXL	PSI
3 months	−12.0%	−21.0%
6 months	−13.0%	−22.0%
1 year	+66.7%	+50.0%
3 years	+205.7%	+179.8%
Since launchNot the same days: FTXL Sep 2016 · PSI Jun 2005	+968.0%	+2,375.2%

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Side by side

FTXL First Trust Nasdaq Semiconductor ETF · Holds 37 stocks in semiconductors, 83% of its weight in S&P 500 companies PSI Invesco Semiconductors ETF · Holds 32 stocks in semiconductors, 51% of its weight in S&P 500 companies

Issuer First Trust Invesco

Theme Semiconductors Semiconductors

In the S&P 500 82.9% 50.9%

Active share vs the S&P 500 80.9% 92.2%

In the Nasdaq-100 78.8% 47.7%

Holdings 37 32

Top ten, share of the fund 60.2% 48.9%

Expense ratio 0.60% 0.55%

Fee for the differing part 0.74% 0.60%

Total return, 1 year +66.7% +50.0%

vs its benchmark not measured not measured

Below its high −31.6% −39.9%

Net assets, as of Nov 3, 2026 $1.1bn $2.2bn

As of Nov 4, 2026. Source: ETFIQ.

53% of the two portfolios are the same securities at the same weight.

Client brief:

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About each fund

FTXL

By weight, 83% of FTXL's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 81%. The top ten holdings are 60% of the fund across 37 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +66.7% with distributions reinvested. It sits 31.6% below its all-time high of Jun 22, 2026.

PSI

By weight, 51% of PSI's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 92%. The top ten holdings are 49% of the fund across 32 positions, as published by its issuer for Nov 3, 2026. Over the year to Nov 4, 2026 the fund returned +50.0% with distributions reinvested. It sits 39.9% below its all-time high of Jun 30, 2026.

Questions people ask

Do FTXL and PSI hold the same stocks?: By their latest filings, 53% of their books are the same securities at the same weight. Overlap is the sum of the smaller weight of every security they share.
Which is more different from the S&P 500, FTXL or PSI?: FTXL has 83% of its weight in S&P 500 names and PSI has 51%, so PSI differs more from the index.
Which is cheaper, FTXL or PSI?: FTXL charges 0.60% a year and PSI charges 0.55%, so PSI is cheaper. Fees come from each fund's prospectus.

Other comparisons

FTXL vs SMH FTXL vs SOXQ FTXL vs SHOC FTXL vs SMHX PSI vs SHOC PSI vs SMH PSI vs XSD PSI vs SOXQ

Where to next

FTXL on its own →PSI on its own →FTXL dividend history →FTXL holdings →PSI dividend history →PSI holdings →Method →Standards and sources →

Sources and dates

FTXL filings on SEC EDGAR ↗

FTXL prospectus with the expense ratio (SEC) ↗

First Trust page for FTXL ↗

PSI filings on SEC EDGAR ↗

PSI prospectus with the expense ratio (SEC) ↗

Invesco page for PSI ↗

Links are sources, not endorsements. A comparison is not a recommendation.

How this is computed

It is a place in a set, not a rating or a recommendation.

Overlap adds up the smaller of the two weights for each security both funds hold.

Every number is an ETFIQ calculation with distributions reinvested.

Cite this pageCitation, APA and Markdown

ETFIQ, FTXL against PSI, data as of Nov 4, 2026. https://etfiq.com/compare/themes/ftxl-vs-psi

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