PCEF vs. HIDE
Compare and contrast key facts about Invesco CEF Income Composite ETF (PCEF) and Alpha Architect High Inflation And Deflation ETF (HIDE).
PCEF and HIDE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PCEF is a passively managed fund by Invesco that tracks the performance of the S-Network Composite Closed-End Fund Index. It was launched on Feb 19, 2010. HIDE is an actively managed fund by Alpha Architect. It was launched on Nov 16, 2022.
Performance
PCEF vs. HIDE - Performance Comparison
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PCEF vs. HIDE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | -3.43% | 12.59% | 16.70% | 9.39% | -1.02% |
HIDE Alpha Architect High Inflation And Deflation ETF | 5.63% | 5.32% | -0.85% | 2.46% | -0.03% |
Returns By Period
In the year-to-date period, PCEF achieves a -3.43% return, which is significantly lower than HIDE's 5.63% return.
PCEF
- 1D
- 2.51%
- 1M
- -5.48%
- YTD
- -3.43%
- 6M
- -1.94%
- 1Y
- 8.22%
- 3Y*
- 10.45%
- 5Y*
- 4.22%
- 10Y*
- 6.84%
HIDE
- 1D
- 0.25%
- 1M
- 0.33%
- YTD
- 5.63%
- 6M
- 6.93%
- 1Y
- 8.64%
- 3Y*
- 4.06%
- 5Y*
- —
- 10Y*
- —
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PCEF vs. HIDE - Expense Ratio Comparison
PCEF has a 2.71% expense ratio, which is higher than HIDE's 0.29% expense ratio.
Return for Risk
PCEF vs. HIDE — Risk / Return Rank
PCEF
HIDE
PCEF vs. HIDE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco CEF Income Composite ETF (PCEF) and Alpha Architect High Inflation And Deflation ETF (HIDE). 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.
| PCEF | HIDE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.61 | 1.65 | -1.04 |
Sortino ratioReturn per unit of downside risk | 0.89 | 2.27 | -1.38 |
Omega ratioGain probability vs. loss probability | 1.16 | 1.33 | -0.18 |
Calmar ratioReturn relative to maximum drawdown | 0.77 | 2.34 | -1.57 |
Martin ratioReturn relative to average drawdown | 3.65 | 10.57 | -6.92 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PCEF | HIDE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.61 | 1.65 | -1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.88 | -0.35 |
Correlation
The correlation between PCEF and HIDE is 0.31, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Dividends
PCEF vs. HIDE - Dividend Comparison
PCEF's dividend yield for the trailing twelve months is around 8.32%, more than HIDE's 3.00% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PCEF Invesco CEF Income Composite ETF | 8.32% | 7.96% | 8.79% | 9.86% | 8.93% | 6.67% | 7.54% | 7.12% | 8.21% | 6.96% | 7.72% | 9.18% |
HIDE Alpha Architect High Inflation And Deflation ETF | 3.00% | 3.16% | 2.86% | 3.90% | 6.25% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PCEF vs. HIDE - Drawdown Comparison
The maximum PCEF drawdown since its inception was -38.64%, which is greater than HIDE's maximum drawdown of -5.15%. Use the drawdown chart below to compare losses from any high point for PCEF and HIDE.
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Drawdown Indicators
| PCEF | HIDE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.64% | -5.15% | -33.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.94% | -3.94% | -7.00% |
Max Drawdown (5Y)Largest decline over 5 years | -24.25% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.64% | — | — |
Current DrawdownCurrent decline from peak | -6.00% | -0.93% | -5.07% |
Average DrawdownAverage peak-to-trough decline | -4.51% | -0.96% | -3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.30% | 0.87% | +1.43% |
Volatility
PCEF vs. HIDE - Volatility Comparison
Invesco CEF Income Composite ETF (PCEF) has a higher volatility of 5.03% compared to Alpha Architect High Inflation And Deflation ETF (HIDE) at 1.91%. This indicates that PCEF's price experiences larger fluctuations and is considered to be riskier than HIDE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PCEF | HIDE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.03% | 1.91% | +3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 7.05% | 3.71% | +3.34% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.49% | 5.29% | +8.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.42% | 4.24% | +7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.25% | 4.24% | +9.01% |