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PBW vs. PKW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PBW and PKW 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.


-0.50.00.51.00.7

Performance

PBW vs. PKW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco WilderHill Clean Energy ETF (PBW) and Invesco BuyBack Achievers™ ETF (PKW). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%AugustSeptemberOctoberNovemberDecember
5.21%
11.87%
PBW
PKW

Key characteristics

Sharpe Ratio

PBW:

-0.80

PKW:

1.40

Sortino Ratio

PBW:

-1.08

PKW:

2.02

Omega Ratio

PBW:

0.89

PKW:

1.25

Calmar Ratio

PBW:

-0.36

PKW:

2.01

Martin Ratio

PBW:

-1.11

PKW:

5.85

Ulcer Index

PBW:

27.87%

PKW:

2.91%

Daily Std Dev

PBW:

38.71%

PKW:

12.16%

Max Drawdown

PBW:

-87.01%

PKW:

-54.58%

Current Drawdown

PBW:

-83.23%

PKW:

-7.81%

Returns By Period

In the year-to-date period, PBW achieves a -29.08% return, which is significantly lower than PKW's 17.42% return. Over the past 10 years, PBW has underperformed PKW with an annualized return of -0.37%, while PKW has yielded a comparatively higher 10.54% annualized return.


PBW

YTD

-29.08%

1M

-4.27%

6M

5.22%

1Y

-29.08%

5Y*

-7.65%

10Y*

-0.37%

PKW

YTD

17.42%

1M

-7.81%

6M

12.37%

1Y

17.42%

5Y*

12.22%

10Y*

10.54%

*Annualized

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Invesco BuyBack Achievers™ ETF

PBW vs. PKW - Expense Ratio Comparison

PBW has a 0.61% expense ratio, which is lower than PKW's 0.62% expense ratio.


Expense ratio chart for PKW: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%
Expense ratio chart for PBW: current value at 0.61% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.61%

Risk-Adjusted Performance

PBW vs. PKW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco WilderHill Clean Energy ETF (PBW) and Invesco BuyBack Achievers™ ETF (PKW). 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.


The chart of Sharpe ratio for PBW, currently valued at -0.80, compared to the broader market0.002.004.00-0.801.40
The chart of Sortino ratio for PBW, currently valued at -1.08, compared to the broader market-2.000.002.004.006.008.0010.00-1.082.02
The chart of Omega ratio for PBW, currently valued at 0.89, compared to the broader market0.501.001.502.002.503.000.891.25
The chart of Calmar ratio for PBW, currently valued at -0.36, compared to the broader market0.005.0010.0015.00-0.362.01
The chart of Martin ratio for PBW, currently valued at -1.11, compared to the broader market0.0020.0040.0060.0080.00100.00-1.115.85
PBW
PKW

The current PBW Sharpe Ratio is -0.80, which is lower than the PKW Sharpe Ratio of 1.40. The chart below compares the historical Sharpe Ratios of PBW and PKW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00AugustSeptemberOctoberNovemberDecember
-0.80
1.40
PBW
PKW

Dividends

PBW vs. PKW - Dividend Comparison

PBW's dividend yield for the trailing twelve months is around 2.77%, more than PKW's 0.85% yield.


TTM2023202220212020201920182017201620152014
PBW
Invesco WilderHill Clean Energy ETF
2.77%3.68%4.21%1.71%0.44%1.45%2.89%1.27%2.69%1.54%2.96%
PKW
Invesco BuyBack Achievers™ ETF
0.85%1.17%1.22%0.72%1.48%1.30%1.30%0.65%1.59%1.14%1.03%

Drawdowns

PBW vs. PKW - Drawdown Comparison

The maximum PBW drawdown since its inception was -87.01%, which is greater than PKW's maximum drawdown of -54.58%. Use the drawdown chart below to compare losses from any high point for PBW and PKW. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%AugustSeptemberOctoberNovemberDecember
-83.23%
-7.81%
PBW
PKW

Volatility

PBW vs. PKW - Volatility Comparison

Invesco WilderHill Clean Energy ETF (PBW) has a higher volatility of 10.05% compared to Invesco BuyBack Achievers™ ETF (PKW) at 4.16%. This indicates that PBW's price experiences larger fluctuations and is considered to be riskier than PKW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%AugustSeptemberOctoberNovemberDecember
10.05%
4.16%
PBW
PKW

User Portfolios with PBW or PKW


IB2
58%
YTD
VOO
BND
BTC-USD
ETH-USD
VNQ
LTC-USD
FIVG
DBC
VEA
DBB
MCHI
LIT
PBW
IB
48%
YTD
VOO
VNQ
VEA
PBW
MCHI
LTC-USD
LIT
HERO
FIVG
ETH-USD
DBC
DBB
BTC-USD
BND
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