Invesco Semiconductors ETF (PSI) is a semiconductor ETF. As of October 28, 2026, ETF Copilot scores PSI 5.6 out of 10 — highest on Return (9.9), lowest on Value (0.2). It trades at 43.1 times earnings, against its own median of 24.4. Its ten largest holdings are 49% of the fund.
What stands out in PSI's data
Tracks U.S. semiconductor manufacturers and designers using a trend-focused index.
Trades at a richer price than its own history and most peers — you pay for the momentum, not the value.
Its 26.5x EBITDA multiple sits above the category median of 23.8x and well above its own 3-year median of 14.3x. Returns over the last three years also trail the peer norm, and the 0.55% expense ratio runs above the 0.3% category median.
A momentum-driven sleeve for tech portfolios, focused on semiconductor makers with elevated valuations and higher fees.
Why did PSI move this week? It rose 1.7% in the week to October 28, 2026 — Texas Instruments and Micron Technology drove it
PSI rose 1.7% in the week to October 28, 2026. The holdings that moved it most were Texas Instruments (+8.8%), Micron Technology (+7.6%) and Analog Devices (+5.5%); Teradyne (−9.3%) pushed the other way.
How is PSI rated? ETF Copilot scores Invesco Semiconductors ETF (PSI) 5.6 out of 10
As of October 28, 2026, ETF Copilot scores Invesco Semiconductors ETF (PSI) 5.6 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 5.6 / 10
- Growth: 9.8 / 10
- Value: 0.2 / 10
- Risk: 0.4 / 10
- Quality: 3.5 / 10
- Return: 9.9 / 10
Is PSI expensive right now? It trades at 43.1 times earnings, against its own median of 24.4
As of October 28, 2026, PSI is more expensive than 96% of its own last 9 years.
Trailing 12 months, built from PSI's holdings. How we calculate this →
What's inside PSI? 100% Tech
What's inside PSI: Size (Large 48%, Mid 30%, Small 22%); Geography (International 5%, US 95%); Tech 100.0%; AI 14.9%; Semiconductors 97.7%; Memory 43.2%.
What are PSI's top holdings? The ten largest are 49% of the fund
Texas Instruments, Advanced Micro Devices, Analog Devices, Intel, Micron Technology, KLA, Applied Materials, Lam Research, Semtech and Microchip Technology are PSI's largest holdings, in that order.
Less concentrated than 72% of Semiconductors ETFs.
Half of PSI's weight sits in its 11 largest positions, and once those weights are taken into account it behaves like 26 equally weighted holdings.
What is PSI's expense ratio? 0.55% a year
As of October 28, 2026, PSI charges 0.55% a year and holds $2.5B in assets across 30 positions.
| Measure | PSI |
|---|---|
| Expense ratio | 0.55% |
| Assets under management | $2.5B |
| Holdings | 30 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Invesco Semiconductors ETF (PSI) scores and holdings analysis”, as of October 28, 2026.
https://etf-copilot.com/etf/psi
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