PBD vs. ARKK
Compare and contrast key facts about Invesco Global Clean Energy ETF (PBD) and ARK Innovation ETF (ARKK).
PBD and ARKK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. ARKK is an actively managed fund by ARK Investment Management. It was launched on Oct 31, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBD or ARKK.
Key characteristics
| PBD | ARKK | |
|---|---|---|
| YTD Return | -25.40% | 8.48% |
| 1Y Return | -11.96% | 42.35% |
| 3Y Return (Ann) | -27.06% | -21.38% |
| 5Y Return (Ann) | -0.09% | 4.83% |
| 10Y Return (Ann) | 1.45% | 11.98% |
| Sharpe Ratio | -0.45 | 1.20 |
| Sortino Ratio | -0.50 | 1.76 |
| Omega Ratio | 0.94 | 1.21 |
| Calmar Ratio | -0.17 | 0.58 |
| Martin Ratio | -0.84 | 2.99 |
| Ulcer Index | 14.14% | 14.36% |
| Daily Std Dev | 26.10% | 35.92% |
| Max Drawdown | -78.60% | -80.91% |
| Current Drawdown | -68.93% | -63.11% |
Correlation
The correlation between PBD and ARKK is 0.64, 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.
Performance
PBD vs. ARKK - Performance Comparison
In the year-to-date period, PBD achieves a -25.40% return, which is significantly lower than ARKK's 8.48% return. Over the past 10 years, PBD has underperformed ARKK with an annualized return of 1.45%, while ARKK has yielded a comparatively higher 11.98% 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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PBD vs. ARKK - Expense Ratio Comparison
Both PBD and ARKK have an expense ratio of 0.75%.
Risk-Adjusted Performance
PBD vs. ARKK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy ETF (PBD) and ARK Innovation ETF (ARKK). 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
PBD vs. ARKK - Dividend Comparison
PBD's dividend yield for the trailing twelve months is around 3.06%, while ARKK has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ARKK ARK Innovation ETF | 0.00% | 0.00% | 0.00% | 0.83% | 1.31% | 0.38% | 3.14% | 1.32% | 0.00% | 2.27% | 0.00% | 0.00% |
Drawdowns
PBD vs. ARKK - Drawdown Comparison
The maximum PBD drawdown since its inception was -78.60%, roughly equal to the maximum ARKK drawdown of -80.91%. Use the drawdown chart below to compare losses from any high point for PBD and ARKK. For additional features, visit the drawdowns tool.
Volatility
PBD vs. ARKK - Volatility Comparison
The current volatility for Invesco Global Clean Energy ETF (PBD) is 9.40%, while ARK Innovation ETF (ARKK) has a volatility of 13.50%. This indicates that PBD experiences smaller price fluctuations and is considered to be less risky than ARKK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.