IPKW vs. IQLT
Compare and contrast key facts about Invesco International BuyBack Achievers™ ETF (IPKW) and iShares MSCI Intl Quality Factor ETF (IQLT).
IPKW and IQLT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. IPKW is a passively managed fund by Invesco that tracks the performance of the NASDAQ International BuyBack Achievers Index. It was launched on Feb 27, 2014. IQLT is a passively managed fund by iShares that tracks the performance of the World ex USA Sector Neutral Quality. It was launched on Jan 13, 2015. Both IPKW and IQLT 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: IPKW or IQLT.
Key characteristics
| IPKW | IQLT | |
|---|---|---|
| YTD Return | 11.87% | 3.07% |
| 1Y Return | 19.30% | 11.39% |
| 3Y Return (Ann) | 2.41% | 0.85% |
| 5Y Return (Ann) | 8.26% | 6.56% |
| Sharpe Ratio | 1.50 | 1.07 |
| Sortino Ratio | 2.01 | 1.58 |
| Omega Ratio | 1.25 | 1.19 |
| Calmar Ratio | 1.47 | 1.56 |
| Martin Ratio | 9.96 | 5.12 |
| Ulcer Index | 2.25% | 2.77% |
| Daily Std Dev | 14.98% | 13.28% |
| Max Drawdown | -47.24% | -32.21% |
| Current Drawdown | -5.51% | -8.87% |
Correlation
The correlation between IPKW and IQLT 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
IPKW vs. IQLT - Performance Comparison
In the year-to-date period, IPKW achieves a 11.87% return, which is significantly higher than IQLT's 3.07% 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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IPKW vs. IQLT - Expense Ratio Comparison
IPKW has a 0.55% expense ratio, which is higher than IQLT's 0.30% expense ratio.
Risk-Adjusted Performance
IPKW vs. IQLT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco International BuyBack Achievers™ ETF (IPKW) and iShares MSCI Intl Quality Factor ETF (IQLT). 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
IPKW vs. IQLT - Dividend Comparison
IPKW's dividend yield for the trailing twelve months is around 3.15%, more than IQLT's 2.61% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
IPKW Invesco International BuyBack Achievers™ ETF | 3.15% | 2.66% | 3.77% | 7.37% | 1.45% | 2.41% | 2.61% | 0.93% | 2.82% | 1.31% | 1.41% |
IQLT iShares MSCI Intl Quality Factor ETF | 2.61% | 2.27% | 3.14% | 2.24% | 1.60% | 2.28% | 2.72% | 2.36% | 2.91% | 2.78% | 0.00% |
Drawdowns
IPKW vs. IQLT - Drawdown Comparison
The maximum IPKW drawdown since its inception was -47.24%, which is greater than IQLT's maximum drawdown of -32.21%. Use the drawdown chart below to compare losses from any high point for IPKW and IQLT. For additional features, visit the drawdowns tool.
Volatility
IPKW vs. IQLT - Volatility Comparison
Invesco International BuyBack Achievers™ ETF (IPKW) has a higher volatility of 4.48% compared to iShares MSCI Intl Quality Factor ETF (IQLT) at 3.91%. This indicates that IPKW's price experiences larger fluctuations and is considered to be riskier than IQLT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.