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PCEF vs. IEO
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PCEF and IEO is 0.74, 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.


-0.50.00.51.0
Correlation: 0.7

Performance

PCEF vs. IEO - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco CEF Income Composite ETF (PCEF) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). The values are adjusted to include any dividend payments, if applicable.

80.00%100.00%120.00%140.00%160.00%NovemberDecember2025FebruaryMarchApril
145.69%
98.40%
PCEF
IEO

Key characteristics

Sharpe Ratio

PCEF:

0.83

IEO:

-0.71

Sortino Ratio

PCEF:

1.17

IEO:

-0.82

Omega Ratio

PCEF:

1.20

IEO:

0.88

Calmar Ratio

PCEF:

0.80

IEO:

-0.67

Martin Ratio

PCEF:

4.04

IEO:

-1.62

Ulcer Index

PCEF:

2.79%

IEO:

12.98%

Daily Std Dev

PCEF:

13.50%

IEO:

29.79%

Max Drawdown

PCEF:

-38.64%

IEO:

-79.17%

Current Drawdown

PCEF:

-6.50%

IEO:

-24.23%

Returns By Period

In the year-to-date period, PCEF achieves a -2.26% return, which is significantly higher than IEO's -7.12% return. Over the past 10 years, PCEF has outperformed IEO with an annualized return of 5.43%, while IEO has yielded a comparatively lower 3.05% annualized return.


PCEF

YTD

-2.26%

1M

-4.14%

6M

-2.25%

1Y

10.42%

5Y*

8.46%

10Y*

5.43%

IEO

YTD

-7.12%

1M

-12.50%

6M

-9.26%

1Y

-21.72%

5Y*

27.55%

10Y*

3.05%

*Annualized

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PCEF vs. IEO - Expense Ratio Comparison

PCEF has a 2.34% expense ratio, which is higher than IEO's 0.42% expense ratio.


Expense ratio chart for PCEF: current value is 2.34%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
PCEF: 2.34%
Expense ratio chart for IEO: current value is 0.42%, compared with the broader market range of 0.00% to 2.12%.0.50%1.00%1.50%2.00%
IEO: 0.42%

Risk-Adjusted Performance

PCEF vs. IEO — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PCEF
The Risk-Adjusted Performance Rank of PCEF is 7878
Overall Rank
The Sharpe Ratio Rank of PCEF is 7676
Sharpe Ratio Rank
The Sortino Ratio Rank of PCEF is 7373
Sortino Ratio Rank
The Omega Ratio Rank of PCEF is 8181
Omega Ratio Rank
The Calmar Ratio Rank of PCEF is 7979
Calmar Ratio Rank
The Martin Ratio Rank of PCEF is 8181
Martin Ratio Rank

IEO
The Risk-Adjusted Performance Rank of IEO is 22
Overall Rank
The Sharpe Ratio Rank of IEO is 22
Sharpe Ratio Rank
The Sortino Ratio Rank of IEO is 33
Sortino Ratio Rank
The Omega Ratio Rank of IEO is 22
Omega Ratio Rank
The Calmar Ratio Rank of IEO is 11
Calmar Ratio Rank
The Martin Ratio Rank of IEO is 11
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

PCEF vs. IEO - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco CEF Income Composite ETF (PCEF) and iShares U.S. Oil & Gas Exploration & Production ETF (IEO). 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 PCEF, currently valued at 0.83, compared to the broader market-1.000.001.002.003.004.00
PCEF: 0.83
IEO: -0.71
The chart of Sortino ratio for PCEF, currently valued at 1.17, compared to the broader market-2.000.002.004.006.008.00
PCEF: 1.17
IEO: -0.82
The chart of Omega ratio for PCEF, currently valued at 1.20, compared to the broader market0.501.001.502.002.50
PCEF: 1.20
IEO: 0.88
The chart of Calmar ratio for PCEF, currently valued at 0.80, compared to the broader market0.002.004.006.008.0010.0012.00
PCEF: 0.80
IEO: -0.67
The chart of Martin ratio for PCEF, currently valued at 4.04, compared to the broader market0.0020.0040.0060.00
PCEF: 4.04
IEO: -1.62

The current PCEF Sharpe Ratio is 0.83, which is higher than the IEO Sharpe Ratio of -0.71. The chart below compares the historical Sharpe Ratios of PCEF and IEO, 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-1.000.001.002.003.004.00NovemberDecember2025FebruaryMarchApril
0.83
-0.71
PCEF
IEO

Dividends

PCEF vs. IEO - Dividend Comparison

PCEF's dividend yield for the trailing twelve months is around 9.08%, more than IEO's 2.77% yield.


TTM20242023202220212020201920182017201620152014
PCEF
Invesco CEF Income Composite ETF
9.08%8.79%9.86%8.93%6.67%7.54%7.12%8.21%6.96%7.72%9.18%8.02%
IEO
iShares U.S. Oil & Gas Exploration & Production ETF
2.77%2.63%3.00%3.77%2.62%3.17%1.85%1.67%0.94%0.98%2.03%1.30%

Drawdowns

PCEF vs. IEO - Drawdown Comparison

The maximum PCEF drawdown since its inception was -38.64%, smaller than the maximum IEO drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for PCEF and IEO. For additional features, visit the drawdowns tool.


-35.00%-30.00%-25.00%-20.00%-15.00%-10.00%-5.00%0.00%NovemberDecember2025FebruaryMarchApril
-6.50%
-24.23%
PCEF
IEO

Volatility

PCEF vs. IEO - Volatility Comparison

The current volatility for Invesco CEF Income Composite ETF (PCEF) is 11.14%, while iShares U.S. Oil & Gas Exploration & Production ETF (IEO) has a volatility of 21.16%. This indicates that PCEF experiences smaller price fluctuations and is considered to be less risky than IEO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


0.00%5.00%10.00%15.00%20.00%NovemberDecember2025FebruaryMarchApril
11.14%
21.16%
PCEF
IEO