PBW vs. BE
Compare and contrast key facts about Invesco WilderHill Clean Energy ETF (PBW) and Bloom Energy Corporation (BE).
PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PBW or BE.
Key characteristics
| PBW | BE | |
|---|---|---|
| YTD Return | -36.62% | -24.53% |
| 1Y Return | -47.66% | -26.03% |
| 3Y Return (Ann) | -37.44% | -20.16% |
| 5Y Return (Ann) | -6.78% | 18.57% |
| Sharpe Ratio | -1.17 | -0.37 |
| Daily Std Dev | 41.13% | 71.90% |
| Max Drawdown | -87.01% | -92.54% |
| Current Drawdown | -85.01% | -73.81% |
Correlation
The correlation between PBW and BE is 0.67, 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
PBW vs. BE - Performance Comparison
In the year-to-date period, PBW achieves a -36.62% return, which is significantly lower than BE's -24.53% 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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Risk-Adjusted Performance
PBW vs. BE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco WilderHill Clean Energy ETF (PBW) and Bloom Energy Corporation (BE). 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
PBW vs. BE - Dividend Comparison
PBW's dividend yield for the trailing twelve months is around 3.62%, while BE has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBW Invesco WilderHill Clean Energy ETF | 3.62% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.28% | 2.68% | 1.53% | 2.96% | 2.18% |
BE Bloom Energy Corporation | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PBW vs. BE - Drawdown Comparison
The maximum PBW drawdown since its inception was -87.01%, smaller than the maximum BE drawdown of -92.54%. Use the drawdown chart below to compare losses from any high point for PBW and BE. For additional features, visit the drawdowns tool.
Volatility
PBW vs. BE - Volatility Comparison
The current volatility for Invesco WilderHill Clean Energy ETF (PBW) is 13.60%, while Bloom Energy Corporation (BE) has a volatility of 20.89%. This indicates that PBW experiences smaller price fluctuations and is considered to be less risky than BE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.