PEZ vs. IEDI
Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and iShares Evolved U.S. Discretionary Spending ETF (IEDI).
PEZ and IEDI 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. IEDI is an actively managed fund by iShares. It was launched on Mar 21, 2018.
Performance
PEZ vs. IEDI - Performance Comparison
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PEZ vs. IEDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | -7.13% | 5.40% | 20.06% | 29.55% | -29.59% | 20.35% | 38.97% | 18.05% | -3.28% |
IEDI iShares Evolved U.S. Discretionary Spending ETF | -1.22% | 4.05% | 22.11% | 24.32% | -23.17% | 21.19% | 29.83% | 31.07% | 0.71% |
Returns By Period
In the year-to-date period, PEZ achieves a -7.13% return, which is significantly lower than IEDI's -1.22% return.
PEZ
- 1D
- 4.37%
- 1M
- -8.27%
- YTD
- -7.13%
- 6M
- -4.10%
- 1Y
- 12.39%
- 3Y*
- 12.23%
- 5Y*
- 2.05%
- 10Y*
- 8.65%
IEDI
- 1D
- 0.34%
- 1M
- -4.97%
- YTD
- -1.22%
- 6M
- -2.61%
- 1Y
- 6.72%
- 3Y*
- 14.01%
- 5Y*
- 6.76%
- 10Y*
- —
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PEZ vs. IEDI - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is higher than IEDI's 0.18% expense ratio.
Return for Risk
PEZ vs. IEDI — Risk / Return Rank
PEZ
IEDI
PEZ vs. IEDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and iShares Evolved U.S. Discretionary Spending ETF (IEDI). 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.
| PEZ | IEDI | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.52 | 0.40 | +0.13 |
Sortino ratioReturn per unit of downside risk | 0.91 | 0.74 | +0.17 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.09 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 0.81 | 0.69 | +0.12 |
Martin ratioReturn relative to average drawdown | 2.68 | 2.02 | +0.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PEZ | IEDI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.52 | 0.40 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.37 | -0.29 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.35 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.62 | -0.30 |
Correlation
The correlation between PEZ and IEDI is 0.77, 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.
Dividends
PEZ vs. IEDI - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.22%, less than IEDI's 0.98% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.22% | 0.11% | 0.12% | 0.60% | 0.43% | 0.23% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% |
IEDI iShares Evolved U.S. Discretionary Spending ETF | 0.98% | 0.95% | 0.90% | 1.13% | 3.38% | 0.70% | 0.83% | 2.07% | 1.57% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEZ vs. IEDI - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, which is greater than IEDI's maximum drawdown of -30.60%. Use the drawdown chart below to compare losses from any high point for PEZ and IEDI.
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Drawdown Indicators
| PEZ | IEDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.39% | -30.60% | -27.79% |
Max Drawdown (1Y)Largest decline over 1 year | -15.83% | -10.57% | -5.26% |
Max Drawdown (5Y)Largest decline over 5 years | -41.72% | -29.79% | -11.93% |
Max Drawdown (10Y)Largest decline over 10 years | -52.05% | — | — |
Current DrawdownCurrent decline from peak | -13.94% | -6.99% | -6.95% |
Average DrawdownAverage peak-to-trough decline | -13.88% | -6.98% | -6.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.78% | 3.59% | +1.19% |
Volatility
PEZ vs. IEDI - Volatility Comparison
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) has a higher volatility of 8.66% compared to iShares Evolved U.S. Discretionary Spending ETF (IEDI) at 4.88%. This indicates that PEZ's price experiences larger fluctuations and is considered to be riskier than IEDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PEZ | IEDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.66% | 4.88% | +3.78% |
Volatility (6M)Calculated over the trailing 6-month period | 16.56% | 9.84% | +6.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.72% | 17.01% | +6.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.97% | 18.14% | +6.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.00% | 19.51% | +5.49% |