PBUS vs. MGC
Compare and contrast key facts about Invesco PureBeta MSCI USA ETF (PBUS) and Vanguard Mega Cap ETF (MGC).
PBUS and MGC are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PBUS is a passively managed fund by Invesco that tracks the performance of the MSCI USA Index. It was launched on Sep 22, 2017. MGC is a passively managed fund by Vanguard that tracks the performance of the CRSP US Mega Cap Index. It was launched on Dec 17, 2007. Both PBUS and MGC 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: PBUS or MGC.
Performance
PBUS vs. MGC - Performance Comparison
Returns By Period
In the year-to-date period, PBUS achieves a 24.97% return, which is significantly lower than MGC's 26.28% return.
PBUS
24.97%
0.89%
11.98%
32.85%
15.58%
N/A
MGC
26.28%
0.71%
12.14%
33.20%
16.25%
13.66%
Key characteristics
| PBUS | MGC | |
|---|---|---|
| Sharpe Ratio | 2.69 | 2.61 |
| Sortino Ratio | 3.58 | 3.46 |
| Omega Ratio | 1.50 | 1.49 |
| Calmar Ratio | 3.91 | 3.67 |
| Martin Ratio | 17.53 | 16.76 |
| Ulcer Index | 1.89% | 1.99% |
| Daily Std Dev | 12.36% | 12.79% |
| Max Drawdown | -33.16% | -52.20% |
| Current Drawdown | -1.81% | -1.78% |
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PBUS vs. MGC - Expense Ratio Comparison
PBUS has a 0.04% expense ratio, which is lower than MGC's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Correlation
The correlation between PBUS and MGC 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
PBUS vs. MGC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco PureBeta MSCI USA ETF (PBUS) and Vanguard Mega Cap ETF (MGC). 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
PBUS vs. MGC - Dividend Comparison
PBUS's dividend yield for the trailing twelve months is around 1.19%, which matches MGC's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBUS Invesco PureBeta MSCI USA ETF | 1.19% | 1.36% | 1.71% | 0.97% | 1.35% | 1.53% | 2.33% | 0.50% | 0.00% | 0.00% | 0.00% | 0.00% |
MGC Vanguard Mega Cap ETF | 1.18% | 1.35% | 1.65% | 1.17% | 1.45% | 1.81% | 2.10% | 1.82% | 2.14% | 2.11% | 1.81% | 1.86% |
Drawdowns
PBUS vs. MGC - Drawdown Comparison
The maximum PBUS drawdown since its inception was -33.16%, smaller than the maximum MGC drawdown of -52.20%. Use the drawdown chart below to compare losses from any high point for PBUS and MGC. For additional features, visit the drawdowns tool.
Volatility
PBUS vs. MGC - Volatility Comparison
Invesco PureBeta MSCI USA ETF (PBUS) and Vanguard Mega Cap ETF (MGC) have volatilities of 4.17% and 4.37%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.