CAPE vs PSIL
DoubleLine Shiller CAPE US Equities ETF vs ADVISORSHARES PSYCHEDELICS ETF
Which is better, CAPE or PSIL?
Each has led over a different period.
CAPE has a lower expense ratio. CAPE led over the full window, PSIL over 1Y and 3Y. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 64.2%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | CAPE | PSIL |
|---|---|---|
| Expense Ratio | 0.65%Best | 1.00% |
| AUM | $209M | $44M |
| Dividend Yield | 1.46% | 7.45% |
| Holdings | 182 | 33 |
| YTD Return | +0.19% | +16.80%Best |
| 1Y Return | +0.83% | +9.75%Best |
| 3Y Return (annualized) | +11.60% | +14.39%Best |
| 5Y Return (annualized) | - | -23.59% |
| Volatility (annualized) | 16.7%Best | 48.2% |
| Max Drawdown | -22.1%Best | -81.8% |
| $10,000 over 4.5 years | $13,406Best | $6,067 |
| Top 10 Weight | 29.0%Best | 64.2% |
| Fund Family | DoubleLine Funds | Advisor Shares |
| Category | Equity | Equity |
| Style | Large Cap Value | Large Cap Value |
| Inception | Mar 31, 2022 | Sep 15, 2021 |
Volatility and max drawdown, and the $10,000 over 4.5 years row, are measured over the window both funds cover: Apr 5, 2022 to Oct 14, 2026 (4.5 years).
CAPE vs PSIL growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 4.5 years both funds cover.
CAPE vs PSIL Performance
DoubleLine Shiller CAPE US Equities ETF (CAPE) is an ETF from DoubleLine Funds and ADVISORSHARES PSYCHEDELICS ETF (PSIL) is an ETF from Advisor Shares. Over the past year CAPE returned +0.83% while PSIL returned +9.75%. Year to date, CAPE is up 0.19% versus a gain of 16.80% for PSIL.
Over three years, CAPE compounded at +11.60% per year against +14.39% for PSIL.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
PSIL has been the more volatile fund, with annualized monthly volatility of 48.2% compared with 16.7% for CAPE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -22.1% for CAPE and -81.8% for PSIL. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.29. They move largely independently of each other.
Fees and Cost Over Time
CAPE charges 0.65% per year while PSIL charges 1.00%. On a $10,000 position that is $65 vs $100 annually, a gap of $35 per year that compounds over a long holding period. On income, CAPE currently yields 1.46% against 7.45% for PSIL.
Holdings Overlap
We hold position weights for 170 holdings in CAPE and 29 in PSIL, totalling 100.0% and 100.0% of the two funds. The two books name no position in common, so there is no overlap percentage to show.
0 positions in common, counted across the 170 positions we hold weights for in CAPE and 29 in PSIL, against full books of 182 and 33.
What only one of them owns
Our book lists 19 positions for PSIL that do not appear in our book for CAPE (62.6% of the fund), and 165 for CAPE that do not appear in PSIL (95.2%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
You are not choosing between two funds in isolation.
Whichever of CAPE and PSIL you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, CAPE or PSIL?
CAPE has an expense ratio of 0.65% while PSIL charges 1.00%. CAPE is the cheaper option, by $35 a year on a $10,000 investment.
Which performed better, CAPE or PSIL?
Over the past year CAPE returned +0.83% vs +9.75% for PSIL, so PSIL leads on 1-year performance. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, CAPE or PSIL?
PSIL has been the more volatile fund at 48.2% annualized versus 16.7% for CAPE. Worst drawdown: CAPE -22.1% vs PSIL -81.8%.
Should I hold both CAPE and PSIL?
CAPE and PSIL have a monthly-return correlation of 0.29, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, CAPE or PSIL?
CAPE yields 1.46% while PSIL yields 7.45%, so PSIL currently pays the higher dividend yield.
Is PSIL better than CAPE?
CAPE has a lower expense ratio. CAPE led over the full window, PSIL over 1Y and 3Y. CAPE is less concentrated, with 29.0% of the fund in its ten largest positions against 64.2%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.