FAN vs. PBD
Compare and contrast key facts about First Trust Global Wind Energy ETF (FAN) and Invesco Global Clean Energy ETF (PBD).
FAN and PBD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FAN is a passively managed fund by First Trust that tracks the performance of the ISE Clean Edge Global Wind Energy Index. It was launched on Jun 16, 2008. PBD is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation index. It was launched on Jun 13, 2007. Both FAN and PBD 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: FAN or PBD.
Key characteristics
| FAN | PBD | |
|---|---|---|
| YTD Return | -4.63% | -25.40% |
| 1Y Return | 12.20% | -11.96% |
| 3Y Return (Ann) | -8.24% | -27.06% |
| 5Y Return (Ann) | 4.16% | -0.09% |
| 10Y Return (Ann) | 6.15% | 1.45% |
| Sharpe Ratio | 0.58 | -0.45 |
| Sortino Ratio | 0.94 | -0.50 |
| Omega Ratio | 1.12 | 0.94 |
| Calmar Ratio | 0.26 | -0.17 |
| Martin Ratio | 2.06 | -0.84 |
| Ulcer Index | 5.51% | 14.14% |
| Daily Std Dev | 19.65% | 26.10% |
| Max Drawdown | -81.36% | -78.60% |
| Current Drawdown | -36.52% | -68.93% |
Correlation
The correlation between FAN and PBD is 0.77, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
FAN vs. PBD - Performance Comparison
In the year-to-date period, FAN achieves a -4.63% return, which is significantly higher than PBD's -25.40% return. Over the past 10 years, FAN has outperformed PBD with an annualized return of 6.15%, while PBD has yielded a comparatively lower 1.45% annualized 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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FAN vs. PBD - Expense Ratio Comparison
FAN has a 0.62% expense ratio, which is lower than PBD's 0.75% expense ratio.
Risk-Adjusted Performance
FAN vs. PBD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Global Wind Energy ETF (FAN) and Invesco Global Clean Energy ETF (PBD). 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
FAN vs. PBD - Dividend Comparison
FAN's dividend yield for the trailing twelve months is around 1.53%, less than PBD's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FAN First Trust Global Wind Energy ETF | 1.53% | 1.72% | 1.50% | 1.80% | 0.83% | 2.42% | 2.68% | 2.59% | 6.04% | 2.36% | 2.61% | 0.71% |
PBD Invesco Global Clean Energy ETF | 3.06% | 2.86% | 2.98% | 0.67% | 0.48% | 1.83% | 1.87% | 1.77% | 2.05% | 1.24% | 1.05% | 0.88% |
Drawdowns
FAN vs. PBD - Drawdown Comparison
The maximum FAN drawdown since its inception was -81.36%, roughly equal to the maximum PBD drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for FAN and PBD. For additional features, visit the drawdowns tool.
Volatility
FAN vs. PBD - Volatility Comparison
The current volatility for First Trust Global Wind Energy ETF (FAN) is 8.03%, while Invesco Global Clean Energy ETF (PBD) has a volatility of 9.40%. This indicates that FAN experiences smaller price fluctuations and is considered to be less risky than PBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.