ITB vs. PKB
Compare and contrast key facts about iShares U.S. Home Construction ETF (ITB) and Invesco Dynamic Building & Construction ETF (PKB).
ITB and PKB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. PKB is a passively managed fund by Invesco that tracks the performance of the Dynamic Building & Construction Intellidex Index. It was launched on Oct 26, 2005. Both ITB and PKB 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: ITB or PKB.
Performance
ITB vs. PKB - Performance Comparison
Returns By Period
In the year-to-date period, ITB achieves a 15.86% return, which is significantly lower than PKB's 32.85% return. Over the past 10 years, ITB has outperformed PKB with an annualized return of 16.99%, while PKB has yielded a comparatively lower 14.67% annualized return.
ITB
15.86%
-5.90%
12.60%
37.10%
22.11%
16.99%
PKB
32.85%
2.46%
18.49%
53.01%
20.49%
14.67%
Key characteristics
| ITB | PKB | |
|---|---|---|
| Sharpe Ratio | 1.37 | 2.22 |
| Sortino Ratio | 1.99 | 2.91 |
| Omega Ratio | 1.24 | 1.36 |
| Calmar Ratio | 2.27 | 4.50 |
| Martin Ratio | 5.76 | 11.07 |
| Ulcer Index | 6.17% | 4.71% |
| Daily Std Dev | 25.99% | 23.53% |
| Max Drawdown | -86.53% | -65.21% |
| Current Drawdown | -9.15% | -3.10% |
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ITB vs. PKB - Expense Ratio Comparison
ITB has a 0.42% expense ratio, which is lower than PKB's 0.60% expense ratio.
Correlation
The correlation between ITB and PKB is 0.83, 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.
Risk-Adjusted Performance
ITB vs. PKB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares U.S. Home Construction ETF (ITB) and Invesco Dynamic Building & Construction ETF (PKB). 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
ITB vs. PKB - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 0.39%, more than PKB's 0.22% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 0.39% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% | 0.12% |
PKB Invesco Dynamic Building & Construction ETF | 0.22% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% | 0.10% | 0.00% |
Drawdowns
ITB vs. PKB - Drawdown Comparison
The maximum ITB drawdown since its inception was -86.53%, which is greater than PKB's maximum drawdown of -65.21%. Use the drawdown chart below to compare losses from any high point for ITB and PKB. For additional features, visit the drawdowns tool.
Volatility
ITB vs. PKB - Volatility Comparison
The current volatility for iShares U.S. Home Construction ETF (ITB) is 6.14%, while Invesco Dynamic Building & Construction ETF (PKB) has a volatility of 6.56%. This indicates that ITB experiences smaller price fluctuations and is considered to be less risky than PKB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.