BILT vs. PUI

Last updated Apr 1, 2026

Compare and contrast key facts about iShares Infrastructure Active ETF (BILT) and Invesco DWA Utilities Momentum ETF (PUI).

BILT and PUI are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. BILT is an actively managed fund by iShares. It was launched on Jul 29, 2025. PUI is a passively managed fund by Invesco that tracks the performance of the DWA Utilities Technical Leaders Index. It was launched on Oct 26, 2005.

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.

BILT vs. PUI - Yearly Performance Comparison

	2026 (YTD)	2025
BILT iShares Infrastructure Active ETF	11.38%	3.99%
PUI Invesco DWA Utilities Momentum ETF	9.10%	-0.81%

Returns By Period

In the year-to-date period, BILT achieves a 11.38% return, which is significantly higher than PUI's 9.10% return.

BILT

• 1D: 0.72%
• 1M: -3.01%
• YTD: 11.38%
• 6M: 12.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PUI

• 1D: 0.58%
• 1M: -1.24%
• YTD: 9.10%
• 6M: 3.61%
• 1Y: 17.79%
• 3Y*: 15.18%
• 5Y*: 9.79%
• 10Y*: 9.01%

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

BILT vs. PUI - Expense Ratio Comparison

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

BILT

iShares Infrastructure Active ETF

PUI

Invesco DWA Utilities Momentum ETF

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: 53
PUI Sharpe Ratio Rank: 60
PUI Sortino Ratio Rank: 56
PUI Omega Ratio Rank: 50
PUI Calmar Ratio Rank: 60
PUI Martin Ratio Rank: 39

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	—	1.11	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.60	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.47	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.66	0.46	+2.20

Correlation

The correlation between BILT and PUI is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

BILT vs. PUI - Dividend Comparison

BILT's dividend yield for the trailing twelve months is around 1.34%, less than PUI's 2.05% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BILT iShares Infrastructure Active ETF	1.34%	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	2.05%	2.22%	2.06%	2.36%	2.16%	2.03%	2.42%	2.02%	1.87%	2.98%	3.35%	2.82%

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 (5Y) Largest decline over 5 years	—	-23.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-35.61%	—
Current Drawdown Current decline from peak	-3.01%	-2.03%	-0.98%
Average Drawdown Average peak-to-trough decline	-1.39%	-8.51%	+7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.77%	—

Volatility

Volatility by Period

	BILT	PUI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	10.91%	—
Volatility (1Y) Calculated over the trailing 1-year period	9.37%	16.10%	-6.73%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	9.37%	16.52%	-7.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	9.37%	19.04%	-9.67%