PEZ vs. AIRR
Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and First Trust RBA American Industrial Renaissance ETF (AIRR).
PEZ and AIRR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PEZ is a passively managed fund by Invesco that tracks the performance of the DWA Consumer Cyclicals Technical Leaders Index. It was launched on Oct 12, 2006. AIRR is a passively managed fund by First Trust that tracks the performance of the Richard Bernstein Advisors American Industrial Renaissance (TR). It was launched on Mar 10, 2014. Both PEZ and AIRR 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: PEZ or AIRR.
Correlation
The correlation between PEZ and AIRR is 0.66, 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
PEZ vs. AIRR - Performance Comparison
Key characteristics
PEZ:
1.04
AIRR:
1.44
PEZ:
1.51
AIRR:
2.05
PEZ:
1.18
AIRR:
1.25
PEZ:
1.05
AIRR:
3.43
PEZ:
5.89
AIRR:
7.84
PEZ:
3.81%
AIRR:
4.40%
PEZ:
21.58%
AIRR:
23.94%
PEZ:
-58.39%
AIRR:
-42.37%
PEZ:
-9.66%
AIRR:
-8.46%
Returns By Period
In the year-to-date period, PEZ achieves a 23.36% return, which is significantly lower than AIRR's 36.41% return. Over the past 10 years, PEZ has underperformed AIRR with an annualized return of 9.02%, while AIRR has yielded a comparatively higher 15.88% annualized return.
PEZ
23.36%
-9.26%
5.68%
22.07%
13.37%
9.02%
AIRR
36.41%
-8.19%
14.74%
34.80%
22.42%
15.88%
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PEZ vs. AIRR - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is lower than AIRR's 0.70% expense ratio.
Risk-Adjusted Performance
PEZ vs. AIRR - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and First Trust RBA American Industrial Renaissance ETF (AIRR). 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
PEZ vs. AIRR - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.11%, less than AIRR's 0.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.11% | 0.61% | 0.41% | 0.22% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% | 0.15% | 0.46% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% | 0.00% |
Drawdowns
PEZ vs. AIRR - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, which is greater than AIRR's maximum drawdown of -42.37%. Use the drawdown chart below to compare losses from any high point for PEZ and AIRR. For additional features, visit the drawdowns tool.
Volatility
PEZ vs. AIRR - Volatility Comparison
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and First Trust RBA American Industrial Renaissance ETF (AIRR) have volatilities of 5.56% and 5.54%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.