PSPvsHYLSETF Comparison
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Invesco Global Listed Private Equity ETF - USD (PSP) and First Trust Tactical High Yield ETF (HYLS) belong to the same industry segment: Alternatives. PSP's top 3 sector exposures are Finance, Industrials and Consumer Non-Cyclicals. In contrast, HYLS's top sector exposures are Insurance and reinsurance, Media and Other sectors. PSP is more expensive with a Total Expense Ratio (TER) of 1.8%, versus 0.69% for HYLS. PSP is down -11.01% year-to-date (YTD) with -$39M in YTD flows. HYLS performs better with 2.68% YTD performance, and -$107M in YTD flows. Run a side-by-side ETF comparison of PSP and HYLS 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 HYLS 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 HYLS | +8.04%+0.50% | -1.50%+1.54% | -11.01%+2.68% | -14.50%+5.32% | +26.35%+19.02% | -1.35%+10.21% |
| Flows | PSP HYLS | -$30M-$27M | -$15M-$12M | -$39M-$107M | -$40M-$4M | +$21M+$66M | +$81M-$347M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | PSP HYLS | +19.75%+2.62% | +19.48%+2.87% | +19.62%+3.69% | +22.30%+5.17% |
| Max drawdown | PSP HYLS | -11.18%-0.60% | -22.54%-2.22% | -22.58%-3.70% | -47.24%-16.13% |
| Max drawdown duration | PSP HYLS | 79d13d | 186d84d | 366d60d | 1096d1066d |
Trading data
PSP | HYLS | |
Last sale 7/24/2026 at 1:30 PM | $58.52 | $40.45 |
| Previous close 07/23/2026 | $57.64 | $40.53 |
| 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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HYLS
is actively managed and doesn’t replicate an indexPSP | HYLS | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 7/24/2026 at 1:30 PM
Live
Closed
PSP | HYLS | |
|---|---|---|
| Last price | $58.52 | $40.45 |
| 1D performance | +1.53% | -0.20% |
| AuM | $227.49 M | $1.61 B |
| E/R | 1.8% | 0.69% |
Characteristics
PSP | HYLS | |
|---|---|---|
| Management strategy | Passive | Active |
| Provider | Invesco | First Trust |
| Benchmark | RedRocks Global Listed Private Equity Index | - |
| N° of holdings | 66 | 159 |
| Asset class | Equities | - |
| Trailing 12m distribution yield | Join | Join |
| Inception date | October 24, 2006 | February 25, 2013 |
| ESG | No | No |
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Exposure
Countries
PSP
USA
41.69%
United Kingdom
22.9%
Other
35.41%
HYLS
USA
49.44%
Other
50.56%
Sectors
PSP
Finance
87.6%
Other
12.4%
HYLS
Other
100%
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Diversification
PSP
Total weight of top 15 holdings out of 15
60.78%
HYLS
Total weight of top 15 holdings out of 15
16.32%
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%
HYLS
US77311WAB72
1.55%
1011778 B.C., 4% 15oct2030, USD
1.46%
United Rentals (North America), 6% 15dec2029, USD
1.27%
US74825NAA54
1.20%
DISH Network, 11.75% 15nov2027, USD
1.07%
US303250AG98
1.07%
Quikrete Holdings, 6.75% 1mar2033, USD
1.07%
Viking Ocean Cruises Ship VII, 5.625% 15feb2029, USD
1.03%
US12008RAT41
1.03%
Cloud Software Group, 9% 30sep2029, USD
1.01%
EchoStar, 10.75% 30nov2029, USD
1.00%
US893647BY22
0.93%
Shift4 Payments, 6.75% 15aug2032, USD
0.91%
Alliant Holdings Intermediate, 6.75% 15apr2028, USD
0.90%
US922966AB20
0.82%
Frequently asked questions about PSP and HYLS
How have the PSP and HYLS ETFs performed in 2026?
As of July 24, 2026, PSP is down -11.01% year-to-date (YTD), while HYLS has returned 2.68%. That puts HYLS better performer ahead so far this year.
Which ETF is attracting more investor money: PSP or HYLS?
Year-to-date, the PSP ETF saw -$39M in flows, compared to -$107M for HYLS.
Which ETF is more volatile: PSP or HYLS?
Over the past year, PSP had a volatility of 19.48%, while HYLS experienced 2.87%.
Which ETF is bigger: PSP or HYLS?
As of July 24, 2026, PSP holds $227.49 M in assets under management (AUM), while HYLS manages $1.61 B.
What are the top holdings of the PSP ETF and HYLS ETF?
PSP top holdings include 3i Group Plc, Blackstone, Inc. and HAL Trust. HYLS holds in its top three: US77311WAB72, 1011778 B.C., 4% 15oct2030, USD and United Rentals (North America), 6% 15dec2029, USD.
Which ETF is more diversified: PSP or HYLS?
PSP holds 66 securities with 60.78% of its assets in the top 15. HYLS has 249 securities and a top 15 weight of 16.32%.
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