PEZ vs. JOET
Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Virtus Terranova U.S. Quality Momentum ETF (JOET).
PEZ and JOET 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. JOET is a passively managed fund by Virtus Investment Partners that tracks the performance of the Terranova U.S. Quality Momentum Index. It was launched on Nov 17, 2020. Both PEZ and JOET 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 JOET.
Key characteristics
| PEZ | JOET | |
|---|---|---|
| YTD Return | 9.32% | 6.02% |
| 1Y Return | 31.71% | 21.16% |
| 3Y Return (Ann) | 0.64% | 6.29% |
| Sharpe Ratio | 1.39 | 1.46 |
| Daily Std Dev | 22.09% | 13.26% |
| Max Drawdown | -58.39% | -26.58% |
| Current Drawdown | -10.84% | -5.50% |
Correlation
The correlation between PEZ and JOET is 0.76, 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. JOET - Performance Comparison
In the year-to-date period, PEZ achieves a 9.32% return, which is significantly higher than JOET's 6.02% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PEZ vs. JOET - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is higher than JOET's 0.29% expense ratio.
Risk-Adjusted Performance
PEZ vs. JOET - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Virtus Terranova U.S. Quality Momentum ETF (JOET). 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. JOET - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.43%, less than JOET's 1.25% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.43% | 0.60% | 0.41% | 0.22% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% | 0.15% | 0.46% |
JOET Virtus Terranova U.S. Quality Momentum ETF | 1.25% | 1.32% | 1.25% | 0.42% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PEZ vs. JOET - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, which is greater than JOET's maximum drawdown of -26.58%. Use the drawdown chart below to compare losses from any high point for PEZ and JOET. For additional features, visit the drawdowns tool.
Volatility
PEZ vs. JOET - Volatility Comparison
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) has a higher volatility of 6.47% compared to Virtus Terranova U.S. Quality Momentum ETF (JOET) at 4.17%. This indicates that PEZ's price experiences larger fluctuations and is considered to be riskier than JOET based on this measure. The chart below showcases a comparison of their rolling one-month volatility.