PBD vs. VYGR

Last updated Jun 16, 2026

PBD (Invesco Global Clean Energy ETF) is Alternative Energy Equities fund tracking the WilderHill New Energy Global Innovation index, while VYGR (Voyager Therapeutics, Inc.) is a stock. Over the past 10 years, PBD returned 9.10%/yr vs -12.79%/yr for VYGR. At a 0.31 correlation, their price movements are largely independent.

Performance

PBD vs. VYGR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Global Clean Energy ETF (PBD) and Voyager Therapeutics, Inc. (VYGR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, PBD achieves a 28.03% return, which is significantly higher than VYGR's -7.63% return. Over the past 10 years, PBD has outperformed VYGR with an annualized return of 9.10%, while VYGR has yielded a comparatively lower -12.79% annualized return.

PBD

• 1D: 0.84%
• 1M: -3.12%
• YTD: 28.03%
• 6M: 27.73%
• 1Y: 72.58%
• 3Y*: 4.61%
• 5Y*: -5.27%
• 10Y*: 9.10%

VYGR

• 1D: 3.71%
• 1M: -3.59%
• YTD: -7.63%
• 6M: -16.74%
• 1Y: 10.00%
• 3Y*: -34.59%
• 5Y*: -5.51%
• 10Y*: -12.79%

*Multi-year figures are annualized to reflect compound growth (CAGR)

PBD vs. VYGR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PBD Invesco Global Clean Energy ETF	28.03%	43.65%	-26.39%	-10.69%	-29.70%	-22.30%	145.46%	40.00%	-19.32%	28.72%
VYGR Voyager Therapeutics, Inc.	-7.63%	-30.69%	-32.82%	38.36%	125.09%	-62.10%	-48.75%	48.40%	-43.37%	30.30%

Correlation

The correlation between PBD and VYGR is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.35
Correlation (3Y) Calculated over the trailing 3-year period	0.37
Correlation (5Y) Calculated over the trailing 5-year period	0.36
Correlation (10Y) Calculated over the trailing 10-year period	0.31
Correlation (All Time) Calculated using the full available price history since Nov 11, 2015	0.31

Return for Risk

PBD vs. VYGR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PBD

PBD Risk / Return Rank: 89
PBD Sharpe Ratio Rank: 92
PBD Sortino Ratio Rank: 86
PBD Omega Ratio Rank: 85
PBD Calmar Ratio Rank: 92
PBD Martin Ratio Rank: 91

VYGR

VYGR Risk / Return Rank: 48
VYGR Sharpe Ratio Rank: 47
VYGR Sortino Ratio Rank: 48
VYGR Omega Ratio Rank: 46
VYGR Calmar Ratio Rank: 48
VYGR Martin Ratio Rank: 48

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PBD vs. VYGR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Global Clean Energy ETF (PBD) and Voyager Therapeutics, Inc. (VYGR). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PBD	VYGR	Difference
Sharpe ratio: Return per unit of total volatility	2.95	0.15	+2.79
Sortino ratio: Return per unit of downside risk	3.52	0.72	+2.81
Omega ratio: Gain probability vs. loss probability	1.47	1.08	+0.39
Calmar ratio: Return relative to maximum drawdown	5.71	0.27	+5.44
Martin ratio: Return relative to average drawdown	19.24	0.48	+18.76

PBD vs. VYGR - Sharpe Ratio Comparison

The current PBD Sharpe Ratio is 2.95, which is higher than the VYGR Sharpe Ratio of 0.15. The chart below compares the historical Sharpe Ratios of PBD and VYGR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

PBD vs. VYGR - Drawdown Comparison

The maximum PBD drawdown since its inception was -78.60%, smaller than the maximum VYGR drawdown of -92.11%. Use the drawdown chart below to compare losses from any high point for PBD and VYGR.

Drawdown Indicators

	PBD	VYGR	Difference
Max Drawdown Largest peak-to-trough decline	-78.60%	-92.11%	+13.51%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-37.71%	+24.93%
Max Drawdown (3Y) Largest decline over 3 years	-52.45%	-80.49%	+28.04%
Max Drawdown (5Y) Largest decline over 5 years	-69.15%	-80.49%	+11.34%
Max Drawdown (10Y) Largest decline over 10 years	-75.40%	-92.11%	+16.71%
Current Drawdown Current decline from peak	-43.63%	-88.41%	+44.78%
Average Drawdown Average peak-to-trough decline	-53.37%	-66.91%	+13.54%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.78%	21.10%	-17.32%

Volatility

PBD vs. VYGR - Volatility Comparison

The current volatility for Invesco Global Clean Energy ETF (PBD) is 10.96%, while Voyager Therapeutics, Inc. (VYGR) has a volatility of 19.66%. This indicates that PBD experiences smaller price fluctuations and is considered to be less risky than VYGR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PBD	VYGR	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.96%	19.66%	-8.70%
Volatility (6M) Calculated over the trailing 6-month period	19.02%	43.72%	-24.70%
Volatility (1Y) Calculated over the trailing 1-year period	24.81%	65.19%	-40.38%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.59%	80.85%	-52.26%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.35%	75.87%	-48.52%

Dividends

PBD vs. VYGR - Dividend Comparison

PBD's dividend yield for the trailing twelve months is around 1.76%, while VYGR has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PBD Invesco Global Clean Energy ETF	1.76%	2.71%	1.81%	2.85%	2.98%	0.67%	0.48%	1.83%	1.86%	1.76%	2.04%	1.24%
VYGR Voyager Therapeutics, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both PBD and VYGR in my portfolio?

PBD and VYGR have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, PBD or VYGR?

VYGR has higher volatility (19.66%) compared to PBD (10.96%). In terms of maximum drawdown, PBD dropped -78.60% vs VYGR's -92.11%.

Which has better risk-adjusted returns?

PBD currently has the higher Sharpe Ratio (2.95 vs 0.15), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.