PSPvsHCMTETF Comparison
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Invesco Global Listed Private Equity ETF - USD (PSP) and Direxion HCM Tactical Enhanced US ETF (HCMT) belong to the same industry segment: Alternatives. PSP's top 3 sector exposures are Finance, Industrials and Consumer Non-Cyclicals. In contrast, HCMT's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. PSP is more expensive with a Total Expense Ratio (TER) of 1.8%, versus 1.18% for HCMT. PSP is down -11.01% year-to-date (YTD) with -$39M in YTD flows. HCMT performs better with -0.29% YTD performance, and -$11M in YTD flows. Run a side-by-side ETF comparison of PSP and HCMT below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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PSP vs HCMT performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 07/24/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | PSP HCMT | +8.04%-3.77% | -1.50%+4.31% | -11.01%-0.29% | -14.50%+13.43% | +26.35%+49.04% | -1.35%n/a |
| Flows | PSP HCMT | -$30M-$3M | -$15M-$6M | -$39M-$11M | -$40M-$5M | +$21M+$246M | +$81M- |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSP HCMT | +19.75%+32.92% | +19.48%+27.44% | +19.62%+29.28% | +22.30%n/a |
| Max drawdown | PSP HCMT | -11.18%-11.08% | -22.54%-15.26% | -22.58%-36.18% | -47.24%n/a |
| Max drawdown duration | PSP HCMT | 79d52d | 186d208d | 366d246d | 1096dn/a |
Trading data
PSP | HCMT | |
Last sale 7/24/2026 at 1:30 PM | $58.52 | $38.21 |
| Previous close 07/23/2026 | $57.64 | $38.71 |
| Consolidated volume 07/23/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of June 30, 2026
1-year trailing difference
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HCMT
is actively managed and doesn’t replicate an indexPSP | HCMT | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
PSP | HCMT | |
|---|---|---|
| Last price | $58.52 | $38.21 |
| 1D performance | +1.53% | -1.30% |
| AuM | $227.49 M | $564.54 M |
| E/R | 1.8% | 1.18% |
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Exposure
Countries
PSP
USA
41.69%
United Kingdom
22.9%
Other
35.41%
HCMT
USA
86.91%
Other
13.09%
Sectors
PSP
Finance
87.6%
Other
12.4%
HCMT
Technology
41.19%
Finance
11.84%
Consumer Non-Cycl.
7.89%
Healthcare
7.8%
Industrials
7.15%
Other
24.12%
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Diversification
PSP
Total weight of top 15 holdings out of 15
60.78%
HCMT
Total weight of top 15 holdings out of 15
38.8%
Top 15 holdings
Data as of June 30, 2026
PSP
3i Group Plc
5.87%
Blackstone, Inc.
4.96%
HAL Trust
4.93%
KKR & Co., Inc.
4.79%
TPG, Inc.
4.78%
Sofina SA
4.47%
Partners Group Holding AG
4.45%
EQT AB
4.35%
CVC Capital Partners Plc
4.28%
Blue Owl Capital, Inc.
3.88%
Ares Capital Corp.
3.29%
The Carlyle Group Inc.
2.98%
ONEX Corp.
2.70%
Rosebank Industries Plc
2.59%
Brookfield Business Corp.
2.47%
HCMT
NVIDIA Corp.
6.76%
Apple, Inc.
5.93%
Microsoft Corp.
3.86%
Amazon.com, Inc.
3.25%
Alphabet, Inc.
2.92%
Broadcom Inc.
2.49%
Alphabet, Inc.
2.33%
Micron Technology, Inc.
1.81%
Meta Platforms, Inc.
1.72%
Tesla, Inc.
1.65%
Eli Lilly & Co.
1.32%
Advanced Micro Devices, Inc.
1.32%
Berkshire Hathaway, Inc.
1.28%
JPMorgan Chase & Co.
1.22%
Intel Corp.
0.92%
Frequently asked questions about PSP and HCMT
How have the PSP and HCMT ETFs performed in 2026?
As of July 24, 2026, PSP is down -11.01% year-to-date (YTD), while HCMT has lost -0.29%. That puts HCMT better performer ahead so far this year.
Which ETF is attracting more investor money: PSP or HCMT?
Year-to-date, the PSP ETF saw -$39M in flows, compared to -$11M for HCMT.
Which ETF is more volatile: PSP or HCMT?
Over the past year, PSP had a volatility of 19.48%, while HCMT experienced 27.44%.
Which ETF is bigger: PSP or HCMT?
As of July 24, 2026, PSP holds $227.49 M in assets under management (AUM), while HCMT manages $564.54 M.
What sectors do the PSP and HCMT ETFs invest in?
PSP leans toward sectors like Finance. Meanwhile, HCMT focuses on Technology, Finance and Consumer Non-Cyclicals.
What are the top holdings of the PSP ETF and HCMT ETF?
PSP top holdings include 3i Group Plc, Blackstone, Inc. and HAL Trust. HCMT holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..
Which ETF is more diversified: PSP or HCMT?
PSP holds 66 securities with 60.78% of its assets in the top 15. HCMT has 503 securities and a top 15 weight of 38.8%.
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