Correlation
The correlation between ITB and PKB is 0.66, 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.
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
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Key characteristics
ITB:
-0.48
PKB:
0.31
ITB:
-0.51
PKB:
0.77
ITB:
0.94
PKB:
1.09
ITB:
-0.40
PKB:
0.38
ITB:
-0.78
PKB:
0.92
ITB:
16.93%
PKB:
12.38%
ITB:
28.47%
PKB:
28.41%
ITB:
-86.53%
PKB:
-65.21%
ITB:
-29.91%
PKB:
-13.15%
Returns By Period
In the year-to-date period, ITB achieves a -12.41% return, which is significantly lower than PKB's 1.32% return. Over the past 10 years, ITB has outperformed PKB with an annualized return of 13.59%, while PKB has yielded a comparatively lower 12.67% annualized return.
ITB
-12.41%
-3.97%
-26.37%
-13.71%
15.03%
16.01%
13.59%
PKB
1.32%
4.51%
-11.75%
8.61%
22.14%
20.36%
12.67%
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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.
Risk-Adjusted Performance
ITB vs. PKB — Risk-Adjusted Performance Rank
ITB
PKB
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.
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Dividends
ITB vs. PKB - Dividend Comparison
ITB's dividend yield for the trailing twelve months is around 1.10%, more than PKB's 0.20% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ITB iShares U.S. Home Construction ETF | 1.10% | 0.46% | 0.48% | 0.86% | 0.37% | 0.46% | 0.50% | 0.63% | 0.28% | 0.43% | 0.34% | 0.34% |
PKB Invesco Dynamic Building & Construction ETF | 0.20% | 0.23% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% | 0.10% |
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.
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Volatility
ITB vs. PKB - Volatility Comparison
iShares U.S. Home Construction ETF (ITB) has a higher volatility of 8.28% compared to Invesco Dynamic Building & Construction ETF (PKB) at 6.22%. This indicates that ITB's price experiences larger fluctuations and is considered to be riskier than PKB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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