DJD vs. PY
Compare and contrast key facts about Invesco Dow Jones Industrial Average Dividend ETF (DJD) and Principal Value ETF (PY).
DJD and PY are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DJD is a passively managed fund by Invesco that tracks the performance of the Dow Jones Industrial Average Yield Weight. It was launched on Dec 16, 2015. PY is a passively managed fund by Principal that tracks the performance of the NASDAQ U.S. Shareholder Yield Index. It was launched on Mar 21, 2016. Both DJD and PY are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DJD or PY.
Key characteristics
| DJD | PY | |
|---|---|---|
| YTD Return | 16.81% | 20.84% |
| 1Y Return | 30.46% | 35.04% |
| 3Y Return (Ann) | 9.30% | 8.12% |
| 5Y Return (Ann) | 10.08% | 12.74% |
| Sharpe Ratio | 2.86 | 3.07 |
| Sortino Ratio | 4.26 | 4.32 |
| Omega Ratio | 1.53 | 1.56 |
| Calmar Ratio | 3.98 | 3.92 |
| Martin Ratio | 18.35 | 19.06 |
| Ulcer Index | 1.74% | 1.94% |
| Daily Std Dev | 11.11% | 11.98% |
| Max Drawdown | -34.66% | -45.44% |
| Current Drawdown | -1.51% | 0.00% |
Correlation
The correlation between DJD and PY is 0.60, 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.
Performance
DJD vs. PY - Performance Comparison
In the year-to-date period, DJD achieves a 16.81% return, which is significantly lower than PY's 20.84% 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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DJD vs. PY - Expense Ratio Comparison
DJD has a 0.07% expense ratio, which is lower than PY's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
DJD vs. PY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dow Jones Industrial Average Dividend ETF (DJD) and Principal Value ETF (PY). 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
DJD vs. PY - Dividend Comparison
DJD's dividend yield for the trailing twelve months is around 3.01%, more than PY's 2.13% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
DJD Invesco Dow Jones Industrial Average Dividend ETF | 3.01% | 3.49% | 3.16% | 2.82% | 3.47% | 2.80% | 2.66% | 3.26% | 3.65% | 0.16% |
PY Principal Value ETF | 2.13% | 2.68% | 3.02% | 2.83% | 2.95% | 2.29% | 2.35% | 1.69% | 1.95% | 0.00% |
Drawdowns
DJD vs. PY - Drawdown Comparison
The maximum DJD drawdown since its inception was -34.66%, smaller than the maximum PY drawdown of -45.44%. Use the drawdown chart below to compare losses from any high point for DJD and PY. For additional features, visit the drawdowns tool.
Volatility
DJD vs. PY - Volatility Comparison
The current volatility for Invesco Dow Jones Industrial Average Dividend ETF (DJD) is 3.36%, while Principal Value ETF (PY) has a volatility of 4.24%. This indicates that DJD experiences smaller price fluctuations and is considered to be less risky than PY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.