PEZ vs. IXN
Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and iShares Global Tech ETF (IXN).
PEZ and IXN 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. IXN is a passively managed fund by iShares that tracks the performance of the S&P Global Information Technology Sector Index. It was launched on Nov 12, 2001. Both PEZ and IXN 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 IXN.
Correlation
The correlation between PEZ and IXN 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
PEZ vs. IXN - Performance Comparison
Key characteristics
PEZ:
0.96
IXN:
1.02
PEZ:
1.41
IXN:
1.44
PEZ:
1.17
IXN:
1.19
PEZ:
1.34
IXN:
1.38
PEZ:
4.04
IXN:
4.23
PEZ:
5.07%
IXN:
5.49%
PEZ:
21.37%
IXN:
22.76%
PEZ:
-58.39%
IXN:
-55.67%
PEZ:
-7.50%
IXN:
-0.24%
Returns By Period
In the year-to-date period, PEZ achieves a 5.21% return, which is significantly higher than IXN's 4.06% return. Over the past 10 years, PEZ has underperformed IXN with an annualized return of 8.94%, while IXN has yielded a comparatively higher 19.31% annualized return.
PEZ
5.21%
1.22%
5.71%
21.59%
13.56%
8.94%
IXN
4.06%
2.57%
8.75%
25.17%
19.54%
19.31%
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PEZ vs. IXN - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is higher than IXN's 0.46% expense ratio.
Risk-Adjusted Performance
PEZ vs. IXN — Risk-Adjusted Performance Rank
PEZ
IXN
PEZ vs. IXN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and iShares Global Tech ETF (IXN). 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. IXN - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.11%, less than IXN's 0.41% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.11% | 0.12% | 0.61% | 0.41% | 0.22% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% | 0.15% |
IXN iShares Global Tech ETF | 0.41% | 0.43% | 0.55% | 0.81% | 0.58% | 0.63% | 1.06% | 0.94% | 0.93% | 1.03% | 1.12% | 1.14% |
Drawdowns
PEZ vs. IXN - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, roughly equal to the maximum IXN drawdown of -55.67%. Use the drawdown chart below to compare losses from any high point for PEZ and IXN. For additional features, visit the drawdowns tool.
Volatility
PEZ vs. IXN - Volatility Comparison
The current volatility for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) is 5.59%, while iShares Global Tech ETF (IXN) has a volatility of 7.97%. This indicates that PEZ experiences smaller price fluctuations and is considered to be less risky than IXN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.