ERNZ vs. PCEF
Compare and contrast key facts about TrueShares Active Yield ETF (ERNZ) and Invesco CEF Income Composite ETF (PCEF).
ERNZ and PCEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ERNZ is an actively managed fund by TrueShares. It was launched on Apr 30, 2024. PCEF is a passively managed fund by Invesco that tracks the performance of the S-Network Composite Closed-End Fund Index. It was launched on Feb 19, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ERNZ or PCEF.
Correlation
The correlation between ERNZ and PCEF 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
ERNZ vs. PCEF - Performance Comparison
Key characteristics
ERNZ:
10.05%
PCEF:
8.24%
ERNZ:
-5.31%
PCEF:
-38.64%
ERNZ:
0.00%
PCEF:
-0.15%
Returns By Period
In the year-to-date period, ERNZ achieves a 3.88% return, which is significantly lower than PCEF's 4.38% return.
ERNZ
3.88%
1.64%
4.38%
N/A
N/A
N/A
PCEF
4.38%
1.17%
7.72%
17.63%
4.94%
6.29%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
ERNZ vs. PCEF - Expense Ratio Comparison
ERNZ has a 0.75% expense ratio, which is lower than PCEF's 2.34% expense ratio.
Risk-Adjusted Performance
ERNZ vs. PCEF — Risk-Adjusted Performance Rank
ERNZ
PCEF
ERNZ vs. PCEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for TrueShares Active Yield ETF (ERNZ) and Invesco CEF Income Composite ETF (PCEF). 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.
Not enough dataDividends
ERNZ vs. PCEF - Dividend Comparison
ERNZ's dividend yield for the trailing twelve months is around 5.85%, less than PCEF's 7.73% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ERNZ TrueShares Active Yield ETF | 5.85% | 5.51% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PCEF Invesco CEF Income Composite ETF | 7.73% | 8.79% | 9.85% | 8.93% | 6.67% | 7.55% | 7.12% | 8.21% | 6.96% | 7.12% | 9.18% | 8.03% |
Drawdowns
ERNZ vs. PCEF - Drawdown Comparison
The maximum ERNZ drawdown since its inception was -5.31%, smaller than the maximum PCEF drawdown of -38.64%. Use the drawdown chart below to compare losses from any high point for ERNZ and PCEF. For additional features, visit the drawdowns tool.
Volatility
ERNZ vs. PCEF - Volatility Comparison
TrueShares Active Yield ETF (ERNZ) has a higher volatility of 2.38% compared to Invesco CEF Income Composite ETF (PCEF) at 1.67%. This indicates that ERNZ's price experiences larger fluctuations and is considered to be riskier than PCEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.