PEZ vs. EATZ

Last updated Jun 25, 2026

PEZ (Invesco DWA Consumer Cyclicals Momentum ETF) and EATZ (AdvisorShares Restaurant ETF) are both exchange-traded funds - PEZ is a Momentum fund tracking the DWA Consumer Cyclicals Technical Leaders Index, while EATZ is a Consumer Discretionary Equities fund actively managed by AdvisorShares. PEZ is passively managed, while EATZ is actively managed. A 0.73 correlation means they provide meaningful diversification when combined. PEZ charges 0.60%/yr vs 1.00%/yr for EATZ.

Performance

PEZ vs. EATZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and AdvisorShares Restaurant ETF (EATZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

PEZ

• 1D: 1.12%
• 1M: 5.17%
• YTD: -0.08%
• 6M: -2.48%
• 1Y: 7.21%
• 3Y*: 15.74%
• 5Y*: 2.52%
• 10Y*: 10.26%

EATZ

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PEZ vs. EATZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PEZ Invesco DWA Consumer Cyclicals Momentum ETF	-0.08%	5.40%	20.06%	29.55%	-29.59%	9.48%
EATZ AdvisorShares Restaurant ETF	4.80%	-6.67%	23.21%	25.23%	-20.68%	-4.90%

Correlation

The correlation between PEZ and EATZ is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (5Y) Calculated over the trailing 5-year period	0.74
Correlation (All Time) Calculated using the full available price history since Apr 21, 2021	0.73

The correlation between PEZ and EATZ shifts across timeframes, from 0.60 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.

PEZ vs. EATZ - Sectors Allocation Comparison

Sectors	PEZ	EATZ
Consumer Cyclical	70.2%	78.2%
Communication Services	11.9%	2.3%
Healthcare	6.7%	-
Consumer Defensive	5.5%	16.9%
Technology	3.9%	-
Industrials	3.8%	4.9%
Real Estate	1.9%	-
Financial Services	0.6%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

PEZ vs. EATZ — Risk / Return Rank

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

PEZ

PEZ Risk / Return Rank: 14
PEZ Sharpe Ratio Rank: 15
PEZ Sortino Ratio Rank: 14
PEZ Omega Ratio Rank: 14
PEZ Calmar Ratio Rank: 14
PEZ Martin Ratio Rank: 15

EATZ

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PEZ vs. EATZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and AdvisorShares Restaurant ETF (EATZ). 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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	PEZ	EATZ	Difference
Sharpe ratio: Return per unit of total volatility	0.36	—	—
Sortino ratio: Return per unit of downside risk	0.67	—	—
Omega ratio: Gain probability vs. loss probability	1.08	—	—
Calmar ratio: Return relative to maximum drawdown	0.46	—	—
Martin ratio: Return relative to average drawdown	1.17	—	—

Drawdowns

Drawdown Indicators

	PEZ	EATZ	Difference
Max Drawdown Largest peak-to-trough decline	-58.39%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-15.83%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-31.48%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-41.72%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-52.05%	—	—
Current Drawdown Current decline from peak	-7.40%	—	—
Average Drawdown Average peak-to-trough decline	-13.84%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	6.19%	—	—

Volatility

Volatility by Period

	PEZ	EATZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.87%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.99%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	19.96%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.35%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.06%	—	—

PEZ vs. EATZ - Expense Ratio Comparison

PEZ has a 0.60% expense ratio, which is lower than EATZ's 1.00% expense ratio.

Dividends

PEZ vs. EATZ - Dividend Comparison

PEZ's dividend yield for the trailing twelve months is around 0.24%, less than EATZ's 0.48% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EATZ AdvisorShares Restaurant ETF	0.48%	0.50%	0.18%	0.49%	2.35%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PEZ Invesco DWA Consumer Cyclicals Momentum ETF	0.24%	0.11%	0.12%	0.60%	0.43%	0.23%	0.39%	0.01%	0.40%	0.42%	0.83%	0.64%

Frequently Asked Questions

Can I hold both PEZ and EATZ in my portfolio?

PEZ and EATZ have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, PEZ or EATZ?

On fees, PEZ is cheaper at 0.60% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, PEZ or EATZ?

PEZ is cheaper with a 0.60% expense ratio, compared with 1.00% for EATZ.

Which ETF pays a higher dividend yield, PEZ or EATZ?

EATZ has the higher dividend yield at 0.48%, compared with 0.24% for PEZ.

What is the main difference between PEZ and EATZ?

PEZ is categorized as Momentum, while EATZ is Consumer Discretionary Equities. They also come from different issuers: Invesco and AdvisorShares. Their fees differ too: 0.60% for PEZ and 1.00% for EATZ.