HOMZ vs. ITB
Compare and contrast key facts about Hoya Capital Housing ETF (HOMZ) and iShares U.S. Home Construction ETF (ITB).
HOMZ and ITB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HOMZ is a passively managed fund by Pettee Investors that tracks the performance of the Hoya Capital Housing 100 Index. It was launched on Mar 19, 2019. ITB is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Select Home Construction Index. It was launched on May 1, 2006. Both HOMZ and ITB 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: HOMZ or ITB.
Key characteristics
| HOMZ | ITB | |
|---|---|---|
| YTD Return | 17.43% | 19.18% |
| 1Y Return | 29.59% | 41.00% |
| 3Y Return (Ann) | 7.44% | 19.09% |
| 5Y Return (Ann) | 14.99% | 25.11% |
| Sharpe Ratio | 1.42 | 1.50 |
| Daily Std Dev | 20.80% | 27.51% |
| Max Drawdown | -48.10% | -86.53% |
| Current Drawdown | -0.28% | -1.76% |
Correlation
The correlation between HOMZ and ITB is 0.88, 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
HOMZ vs. ITB - Performance Comparison
In the year-to-date period, HOMZ achieves a 17.43% return, which is significantly lower than ITB's 19.18% 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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HOMZ vs. ITB - Expense Ratio Comparison
HOMZ has a 0.30% expense ratio, which is lower than ITB's 0.42% expense ratio.
Risk-Adjusted Performance
HOMZ vs. ITB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Hoya Capital Housing ETF (HOMZ) and iShares U.S. Home Construction ETF (ITB). 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
HOMZ vs. ITB - Dividend Comparison
HOMZ's dividend yield for the trailing twelve months is around 1.92%, more than ITB's 0.40% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HOMZ Hoya Capital Housing ETF | 1.92% | 2.08% | 2.03% | 1.21% | 3.17% | 1.46% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ITB iShares U.S. Home Construction ETF | 0.40% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
Drawdowns
HOMZ vs. ITB - Drawdown Comparison
The maximum HOMZ drawdown since its inception was -48.10%, smaller than the maximum ITB drawdown of -86.53%. Use the drawdown chart below to compare losses from any high point for HOMZ and ITB. For additional features, visit the drawdowns tool.
Volatility
HOMZ vs. ITB - Volatility Comparison
The current volatility for Hoya Capital Housing ETF (HOMZ) is 6.11%, while iShares U.S. Home Construction ETF (ITB) has a volatility of 8.05%. This indicates that HOMZ experiences smaller price fluctuations and is considered to be less risky than ITB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.