PEJ vs. SCHD
Compare and contrast key facts about Invesco Dynamic Leisure & Entertainment ETF (PEJ) and Schwab US Dividend Equity ETF (SCHD).
PEJ and SCHD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEJ is a passively managed fund by Invesco that tracks the performance of the Dynamic Leisure and Entertainment Intellidex Index. It was launched on Jun 23, 2005. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both PEJ and SCHD 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: PEJ or SCHD.
Key characteristics
| PEJ | SCHD | |
|---|---|---|
| YTD Return | 7.04% | 3.43% |
| 1Y Return | 10.52% | 12.26% |
| 3Y Return (Ann) | -0.36% | 4.90% |
| 5Y Return (Ann) | 0.57% | 11.58% |
| 10Y Return (Ann) | 4.03% | 11.22% |
| Sharpe Ratio | 0.50 | 0.89 |
| Daily Std Dev | 17.86% | 11.77% |
| Max Drawdown | -66.03% | -33.37% |
| Current Drawdown | -17.05% | -3.10% |
Correlation
The correlation between PEJ and SCHD is 0.68, 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
PEJ vs. SCHD - Performance Comparison
In the year-to-date period, PEJ achieves a 7.04% return, which is significantly higher than SCHD's 3.43% return. Over the past 10 years, PEJ has underperformed SCHD with an annualized return of 4.03%, while SCHD has yielded a comparatively higher 11.22% annualized 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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PEJ vs. SCHD - Expense Ratio Comparison
PEJ has a 0.55% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Risk-Adjusted Performance
PEJ vs. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Leisure & Entertainment ETF (PEJ) and Schwab US Dividend Equity ETF (SCHD). 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
PEJ vs. SCHD - Dividend Comparison
PEJ's dividend yield for the trailing twelve months is around 0.50%, less than SCHD's 3.42% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEJ Invesco Dynamic Leisure & Entertainment ETF | 0.50% | 0.46% | 0.43% | 0.34% | 0.92% | 0.39% | 0.78% | 0.68% | 0.68% | 0.52% | 0.51% | 0.42% |
SCHD Schwab US Dividend Equity ETF | 3.42% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PEJ vs. SCHD - Drawdown Comparison
The maximum PEJ drawdown since its inception was -66.03%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PEJ and SCHD. For additional features, visit the drawdowns tool.
Volatility
PEJ vs. SCHD - Volatility Comparison
Invesco Dynamic Leisure & Entertainment ETF (PEJ) has a higher volatility of 5.25% compared to Schwab US Dividend Equity ETF (SCHD) at 3.87%. This indicates that PEJ's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.