PBW vs. XOP
Compare and contrast key facts about Invesco WilderHill Clean Energy ETF (PBW) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP).
PBW and XOP are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. XOP is a passively managed fund by State Street that tracks the performance of the S&P Oil & Gas Exploration & Production Select Industry. It was launched on Jun 19, 2006. Both PBW and XOP 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: PBW or XOP.
Performance
PBW vs. XOP - Performance Comparison
Returns By Period
In the year-to-date period, PBW achieves a -34.88% return, which is significantly lower than XOP's 4.67% return. Over the past 10 years, PBW has outperformed XOP with an annualized return of -1.94%, while XOP has yielded a comparatively lower -3.29% annualized return.
PBW
-34.88%
-8.38%
-12.19%
-26.52%
-7.22%
-1.94%
XOP
4.67%
4.74%
-6.48%
5.67%
12.63%
-3.29%
Key characteristics
| PBW | XOP | |
|---|---|---|
| Sharpe Ratio | -0.73 | 0.12 |
| Sortino Ratio | -0.96 | 0.31 |
| Omega Ratio | 0.90 | 1.04 |
| Calmar Ratio | -0.34 | 0.05 |
| Martin Ratio | -1.04 | 0.27 |
| Ulcer Index | 28.08% | 9.68% |
| Daily Std Dev | 39.85% | 22.17% |
| Max Drawdown | -87.01% | -90.27% |
| Current Drawdown | -84.60% | -49.50% |
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PBW vs. XOP - Expense Ratio Comparison
PBW has a 0.61% expense ratio, which is higher than XOP's 0.35% expense ratio.
Correlation
The correlation between PBW and XOP is 0.55, 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.
Risk-Adjusted Performance
PBW vs. XOP - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco WilderHill Clean Energy ETF (PBW) and SPDR S&P Oil & Gas Exploration & Production ETF (XOP). 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. XOP - Dividend Comparison
PBW's dividend yield for the trailing twelve months is around 2.90%, more than XOP's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PBW Invesco WilderHill Clean Energy ETF | 2.90% | 3.68% | 4.21% | 1.71% | 0.44% | 1.45% | 2.89% | 1.27% | 2.69% | 1.54% | 2.96% | 2.18% |
XOP SPDR S&P Oil & Gas Exploration & Production ETF | 2.46% | 2.63% | 2.47% | 1.61% | 2.34% | 1.47% | 0.99% | 0.76% | 0.76% | 2.21% | 1.41% | 0.84% |
Drawdowns
PBW vs. XOP - Drawdown Comparison
The maximum PBW drawdown since its inception was -87.01%, roughly equal to the maximum XOP drawdown of -90.27%. Use the drawdown chart below to compare losses from any high point for PBW and XOP. For additional features, visit the drawdowns tool.
Volatility
PBW vs. XOP - Volatility Comparison
Invesco WilderHill Clean Energy ETF (PBW) has a higher volatility of 10.27% compared to SPDR S&P Oil & Gas Exploration & Production ETF (XOP) at 6.83%. This indicates that PBW's price experiences larger fluctuations and is considered to be riskier than XOP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.