CZA vs. YAFFX
Compare and contrast key facts about Invesco Zacks Mid-Cap ETF (CZA) and AMG Yacktman Focused Fund (YAFFX).
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. YAFFX is managed by AMG. It was launched on May 1, 1997.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: CZA or YAFFX.
Performance
CZA vs. YAFFX - Performance Comparison
Returns By Period
In the year-to-date period, CZA achieves a 16.70% return, which is significantly higher than YAFFX's 4.51% return. Both investments have delivered pretty close results over the past 10 years, with CZA having a 9.65% annualized return and YAFFX not far behind at 9.22%.
CZA
16.70%
-0.83%
8.94%
27.43%
9.04%
9.65%
YAFFX
4.51%
-2.59%
-2.72%
10.89%
9.69%
9.22%
Key characteristics
| CZA | YAFFX | |
|---|---|---|
| Sharpe Ratio | 2.29 | 0.90 |
| Sortino Ratio | 3.20 | 1.40 |
| Omega Ratio | 1.40 | 1.19 |
| Calmar Ratio | 3.15 | 1.73 |
| Martin Ratio | 12.31 | 4.58 |
| Ulcer Index | 2.25% | 2.37% |
| Daily Std Dev | 12.09% | 12.10% |
| Max Drawdown | -53.20% | -55.32% |
| Current Drawdown | -2.68% | -4.53% |
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CZA vs. YAFFX - Expense Ratio Comparison
CZA has a 0.69% expense ratio, which is lower than YAFFX's 1.25% expense ratio.
Correlation
The correlation between CZA and YAFFX is 0.69, 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. YAFFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Zacks Mid-Cap ETF (CZA) and AMG Yacktman Focused Fund (YAFFX). 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. YAFFX - Dividend Comparison
CZA's dividend yield for the trailing twelve months is around 1.17%, which matches YAFFX's 1.18% 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% |
YAFFX AMG Yacktman Focused Fund | 1.18% | 1.23% | 1.17% | 0.75% | 0.81% | 1.38% | 1.75% | 0.97% | 1.54% | 1.19% | 0.68% | 0.55% |
Drawdowns
CZA vs. YAFFX - Drawdown Comparison
The maximum CZA drawdown since its inception was -53.20%, roughly equal to the maximum YAFFX drawdown of -55.32%. Use the drawdown chart below to compare losses from any high point for CZA and YAFFX. For additional features, visit the drawdowns tool.
Volatility
CZA vs. YAFFX - Volatility Comparison
Invesco Zacks Mid-Cap ETF (CZA) has a higher volatility of 4.12% compared to AMG Yacktman Focused Fund (YAFFX) at 2.15%. This indicates that CZA's price experiences larger fluctuations and is considered to be riskier than YAFFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.