PEZ vs. IYW
Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and iShares U.S. Technology ETF (IYW).
PEZ and IYW 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. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000. Both PEZ and IYW 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 IYW.
Correlation
The correlation between PEZ and IYW 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. IYW - Performance Comparison
Key characteristics
PEZ:
1.05
IYW:
1.63
PEZ:
1.52
IYW:
2.15
PEZ:
1.18
IYW:
1.29
PEZ:
1.06
IYW:
2.18
PEZ:
6.01
IYW:
7.51
PEZ:
3.76%
IYW:
4.68%
PEZ:
21.58%
IYW:
21.63%
PEZ:
-58.39%
IYW:
-81.89%
PEZ:
-9.93%
IYW:
-0.48%
Returns By Period
In the year-to-date period, PEZ achieves a 22.99% return, which is significantly lower than IYW's 35.02% return. Over the past 10 years, PEZ has underperformed IYW with an annualized return of 9.03%, while IYW has yielded a comparatively higher 20.89% annualized return.
PEZ
22.99%
-7.86%
5.21%
22.56%
13.29%
9.03%
IYW
35.02%
4.01%
10.12%
35.18%
23.72%
20.89%
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PEZ vs. IYW - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is higher than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
PEZ vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and iShares U.S. Technology ETF (IYW). 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. IYW - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.11%, less than IYW's 0.20% 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% |
IYW iShares U.S. Technology ETF | 0.20% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
PEZ vs. IYW - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for PEZ and IYW. For additional features, visit the drawdowns tool.
Volatility
PEZ vs. IYW - Volatility Comparison
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) has a higher volatility of 6.17% compared to iShares U.S. Technology ETF (IYW) at 5.74%. This indicates that PEZ's price experiences larger fluctuations and is considered to be riskier than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.