BEDZ vs. PEJ
Compare and contrast key facts about AdvisorShares Hotel ETF (BEDZ) and Invesco Dynamic Leisure & Entertainment ETF (PEJ).
BEDZ and PEJ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BEDZ is an actively managed fund by AdvisorShares. It was launched on Apr 21, 2021. PEJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Leisure and Entertainment Intellidex Index. It was launched on Jun 23, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: BEDZ or PEJ.
Key characteristics
| BEDZ | PEJ | |
|---|---|---|
| YTD Return | 19.13% | 26.23% |
| 1Y Return | 29.66% | 35.75% |
| 3Y Return (Ann) | 8.31% | 1.60% |
| Sharpe Ratio | 1.93 | 2.32 |
| Sortino Ratio | 2.65 | 3.22 |
| Omega Ratio | 1.34 | 1.40 |
| Calmar Ratio | 2.28 | 1.46 |
| Martin Ratio | 6.55 | 14.09 |
| Ulcer Index | 5.10% | 2.91% |
| Daily Std Dev | 17.31% | 17.69% |
| Max Drawdown | -29.70% | -66.03% |
| Current Drawdown | -0.55% | -2.18% |
Correlation
The correlation between BEDZ and PEJ is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
BEDZ vs. PEJ - Performance Comparison
In the year-to-date period, BEDZ achieves a 19.13% return, which is significantly lower than PEJ's 26.23% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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BEDZ vs. PEJ - Expense Ratio Comparison
BEDZ has a 0.79% expense ratio, which is higher than PEJ's 0.55% expense ratio.
Risk-Adjusted Performance
BEDZ vs. PEJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for AdvisorShares Hotel ETF (BEDZ) and Invesco Dynamic Leisure & Entertainment ETF (PEJ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
BEDZ vs. PEJ - Dividend Comparison
BEDZ's dividend yield for the trailing twelve months is around 1.40%, more than PEJ's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
BEDZ AdvisorShares Hotel ETF | 1.40% | 1.67% | 0.21% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PEJ Invesco Dynamic Leisure & Entertainment ETF | 0.40% | 0.46% | 0.43% | 0.34% | 0.92% | 0.39% | 0.78% | 0.68% | 0.68% | 0.52% | 0.51% | 0.43% |
Drawdowns
BEDZ vs. PEJ - Drawdown Comparison
The maximum BEDZ drawdown since its inception was -29.70%, smaller than the maximum PEJ drawdown of -66.03%. Use the drawdown chart below to compare losses from any high point for BEDZ and PEJ. For additional features, visit the drawdowns tool.
Volatility
BEDZ vs. PEJ - Volatility Comparison
AdvisorShares Hotel ETF (BEDZ) has a higher volatility of 5.59% compared to Invesco Dynamic Leisure & Entertainment ETF (PEJ) at 5.25%. This indicates that BEDZ's price experiences larger fluctuations and is considered to be riskier than PEJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.