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 0.73, 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.
Performance
PEZ vs. AIRR - Performance Comparison
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Key characteristics
PEZ:
-0.19
AIRR:
0.19
PEZ:
-0.07
AIRR:
0.62
PEZ:
0.99
AIRR:
1.08
PEZ:
-0.16
AIRR:
0.29
PEZ:
-0.44
AIRR:
0.79
PEZ:
11.59%
AIRR:
10.37%
PEZ:
27.52%
AIRR:
28.83%
PEZ:
-58.39%
AIRR:
-42.37%
PEZ:
-20.32%
AIRR:
-14.50%
Returns By Period
In the year-to-date period, PEZ achieves a -9.38% return, which is significantly lower than AIRR's -4.52% return. Over the past 10 years, PEZ has underperformed AIRR with an annualized return of 7.30%, while AIRR has yielded a comparatively higher 15.33% annualized return.
PEZ
-9.38%
10.58%
-17.55%
-4.99%
16.40%
7.30%
AIRR
-4.52%
11.47%
-12.86%
4.94%
28.69%
15.33%
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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 Rank
PEZ
AIRR
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.
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Dividends
PEZ vs. AIRR - Dividend Comparison
PEZ has not paid dividends to shareholders, while AIRR's dividend yield for the trailing twelve months is around 0.28%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.00% | 0.12% | 0.61% | 0.41% | 0.22% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% | 0.15% |
AIRR First Trust RBA American Industrial Renaissance ETF | 0.28% | 0.18% | 0.23% | 0.12% | 0.05% | 0.10% | 0.20% | 0.43% | 0.30% | 0.08% | 0.47% | 0.37% |
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.
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Volatility
PEZ vs. AIRR - Volatility Comparison
The current volatility for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) is 6.87%, while First Trust RBA American Industrial Renaissance ETF (AIRR) has a volatility of 8.07%. This indicates that PEZ experiences smaller price fluctuations and is considered to be less risky than AIRR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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