CZA vs. FKUTX
Compare and contrast key facts about Invesco Zacks Mid-Cap ETF (CZA) and Franklin Utilities Fund (FKUTX).
CZA is a passively managed fund by Invesco that tracks the performance of the Zacks Mid-Cap Core Index. It was launched on Apr 2, 2007. FKUTX is managed by Franklin Templeton Investments. It was launched on Sep 29, 1948.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CZA or FKUTX.
Performance
CZA vs. FKUTX - Performance Comparison
Returns By Period
In the year-to-date period, CZA achieves a 16.70% return, which is significantly lower than FKUTX's 31.62% return. Over the past 10 years, CZA has outperformed FKUTX with an annualized return of 9.65%, while FKUTX has yielded a comparatively lower 6.18% annualized return.
CZA
16.70%
-0.83%
8.94%
27.43%
9.04%
9.65%
FKUTX
31.62%
-0.56%
14.43%
30.95%
5.36%
6.18%
Key characteristics
| CZA | FKUTX | |
|---|---|---|
| Sharpe Ratio | 2.29 | 2.02 |
| Sortino Ratio | 3.20 | 2.61 |
| Omega Ratio | 1.40 | 1.37 |
| Calmar Ratio | 3.15 | 1.49 |
| Martin Ratio | 12.31 | 7.00 |
| Ulcer Index | 2.25% | 4.51% |
| Daily Std Dev | 12.09% | 15.60% |
| Max Drawdown | -53.20% | -44.54% |
| Current Drawdown | -2.68% | -0.56% |
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CZA vs. FKUTX - Expense Ratio Comparison
CZA has a 0.69% expense ratio, which is lower than FKUTX's 0.72% expense ratio.
Correlation
The correlation between CZA and FKUTX is 0.50, 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.
Risk-Adjusted Performance
CZA vs. FKUTX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Mid-Cap ETF (CZA) and Franklin Utilities Fund (FKUTX). 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
CZA vs. FKUTX - Dividend Comparison
CZA's dividend yield for the trailing twelve months is around 1.17%, less than FKUTX's 2.03% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CZA Invesco Zacks Mid-Cap ETF | 1.17% | 1.36% | 1.71% | 0.89% | 1.42% | 1.40% | 1.26% | 1.10% | 1.87% | 1.37% | 0.74% | 1.01% |
FKUTX Franklin Utilities Fund | 2.03% | 2.63% | 2.29% | 2.24% | 2.73% | 2.38% | 2.84% | 2.84% | 2.70% | 3.24% | 2.68% | 3.27% |
Drawdowns
CZA vs. FKUTX - Drawdown Comparison
The maximum CZA drawdown since its inception was -53.20%, which is greater than FKUTX's maximum drawdown of -44.54%. Use the drawdown chart below to compare losses from any high point for CZA and FKUTX. For additional features, visit the drawdowns tool.
Volatility
CZA vs. FKUTX - Volatility Comparison
The current volatility for Invesco Zacks Mid-Cap ETF (CZA) is 4.12%, while Franklin Utilities Fund (FKUTX) has a volatility of 5.19%. This indicates that CZA experiences smaller price fluctuations and is considered to be less risky than FKUTX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.