BILT vs. PUI

Last updated Jun 5, 2026

BILT (iShares Infrastructure Active ETF) and PUI (Invesco DWA Utilities Momentum ETF) are both exchange-traded funds - BILT is a Utilities Equities fund actively managed by iShares, while PUI is a Momentum fund tracking the DWA Utilities Technical Leaders Index. BILT is actively managed, while PUI is passively managed. A 0.64 correlation means they provide meaningful diversification when combined. Both charge a 0.60% expense ratio.

Performance

BILT vs. PUI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares Infrastructure Active ETF (BILT) and Invesco DWA Utilities Momentum ETF (PUI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BILT achieves a 12.84% return, which is significantly higher than PUI's 6.59% return.

BILT

• 1D: 0.40%
• 1M: -1.04%
• YTD: 12.84%
• 6M: 12.40%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PUI

• 1D: 0.28%
• 1M: -4.52%
• YTD: 6.59%
• 6M: 2.93%
• 1Y: 13.83%
• 3Y*: 15.34%
• 5Y*: 8.61%
• 10Y*: 8.38%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BILT vs. PUI - Yearly Performance Comparison

	2026 (YTD)	2025
BILT iShares Infrastructure Active ETF	12.84%	3.99%
PUI Invesco DWA Utilities Momentum ETF	6.59%	-0.81%

Correlation

The correlation between BILT and PUI is 0.64, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Aug 1, 2025	0.64

Return for Risk

BILT vs. PUI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PUI

PUI Risk / Return Rank: 25
PUI Sharpe Ratio Rank: 27
PUI Sortino Ratio Rank: 25
PUI Omega Ratio Rank: 24
PUI Calmar Ratio Rank: 26
PUI Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BILT vs. PUI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares Infrastructure Active ETF (BILT) and Invesco DWA Utilities Momentum ETF (PUI). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BILT	PUI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.93	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.05	0.45	+1.59

Drawdowns

BILT vs. PUI - Drawdown Comparison

The maximum BILT drawdown since its inception was -5.38%, smaller than the maximum PUI drawdown of -43.20%. Use the drawdown chart below to compare losses from any high point for BILT and PUI.

Drawdown Indicators

	BILT	PUI	Difference
Max Drawdown Largest peak-to-trough decline	-5.38%	-43.20%	+37.82%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.07%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.28%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-23.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.61%	—
Current Drawdown Current decline from peak	-1.97%	-5.07%	+3.10%
Average Drawdown Average peak-to-trough decline	-1.44%	-8.46%	+7.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.76%	—

Volatility

Volatility by Period

	BILT	PUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.29%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.14%	—
Volatility (1Y) Calculated over the trailing 1-year period	10.26%	14.96%	-4.70%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	10.26%	16.67%	-6.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	10.26%	19.07%	-8.81%

BILT vs. PUI - Expense Ratio Comparison

Both BILT and PUI have an expense ratio of 0.60%.

Dividends

BILT vs. PUI - Dividend Comparison

BILT's dividend yield for the trailing twelve months is around 1.33%, less than PUI's 2.10% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILT iShares Infrastructure Active ETF	1.33%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PUI Invesco DWA Utilities Momentum ETF	2.10%	2.22%	2.06%	2.36%	2.16%	2.03%	2.42%	2.02%	1.87%	2.98%	3.35%	2.82%

Frequently Asked Questions

Can I hold both BILT and PUI in my portfolio?

BILT and PUI have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BILT or PUI?

Both ETFs have the same 0.60% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BILT or PUI?

BILT and PUI have the same expense ratio: 0.60% per year.

Which ETF pays a higher dividend yield, BILT or PUI?

PUI has the higher dividend yield at 2.10%, compared with 1.33% for BILT.

What is the main difference between BILT and PUI?

BILT is categorized as Utilities Equities, while PUI is Momentum. They also come from different issuers: iShares and Invesco.