PEZ vs. KLXY

Last updated Jun 4, 2026

PEZ (Invesco DWA Consumer Cyclicals Momentum ETF) and KLXY (Kraneshares Global Luxury Index ETF) are both exchange-traded funds - PEZ is a Momentum fund tracking the DWA Consumer Cyclicals Technical Leaders Index, while KLXY is a Consumer Discretionary Equities fund tracking the Solactive Global Luxury Index - Benchmark TR Net. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. PEZ charges 0.60%/yr vs 0.69%/yr for KLXY.

Performance

PEZ vs. KLXY - Performance Comparison

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

Returns By Period

PEZ

• 1D: 0.45%
• 1M: 0.97%
• YTD: -4.23%
• 6M: -0.27%
• 1Y: 5.43%
• 3Y*: 14.83%
• 5Y*: 2.63%
• 10Y*: 9.46%

KLXY

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

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

PEZ vs. KLXY - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
PEZ Invesco DWA Consumer Cyclicals Momentum ETF	-4.23%	5.40%	20.06%	19.32%
KLXY Kraneshares Global Luxury Index ETF	-0.86%	13.69%	-6.39%	2.48%

Correlation

The correlation between PEZ and KLXY is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Sep 8, 2023	0.56

The correlation between PEZ and KLXY has been stable across timeframes, ranging from 0.48 to 0.56 - a consistent structural relationship.

PEZ vs. KLXY - Sectors Allocation Comparison

Sectors	PEZ	KLXY
Consumer Cyclical	66.0%	73.2%
Communication Services	11.9%	-
Consumer Defensive	8.7%	21.8%
Healthcare	6.9%	4.9%
Technology	4.0%	-
Industrials	3.8%	-
Real Estate	1.9%	-
Financial Services	0.6%	-
Basic Materials	-	-
Energy	-	-
Utilities	-	-

Return for Risk

PEZ vs. KLXY — Risk / Return Rank

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

PEZ

PEZ Risk / Return Rank: 13
PEZ Sharpe Ratio Rank: 13
PEZ Sortino Ratio Rank: 12
PEZ Omega Ratio Rank: 12
PEZ Calmar Ratio Rank: 13
PEZ Martin Ratio Rank: 13

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. KLXY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Kraneshares Global Luxury Index ETF (KLXY). 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	KLXY	Difference
Sharpe ratio: Return per unit of total volatility	0.27	—	—
Sortino ratio: Return per unit of downside risk	0.54	—	—
Omega ratio: Gain probability vs. loss probability	1.06	—	—
Calmar ratio: Return relative to maximum drawdown	0.34	—	—
Martin ratio: Return relative to average drawdown	0.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PEZ	KLXY	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.27	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.38	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.32	—	—

Drawdowns

Drawdown Indicators

	PEZ	KLXY	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	-11.25%	—	—
Average Drawdown Average peak-to-trough decline	-13.86%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	5.96%	—	—

Volatility

Volatility by Period

	PEZ	KLXY	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.91%	—	—
Volatility (6M) Calculated over the trailing 6-month period	15.13%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	20.07%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	24.48%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.06%	—	—

PEZ vs. KLXY - Expense Ratio Comparison

PEZ has a 0.60% expense ratio, which is lower than KLXY's 0.69% expense ratio.

Dividends

PEZ vs. KLXY - Dividend Comparison

PEZ's dividend yield for the trailing twelve months is around 0.22%, less than KLXY's 0.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
KLXY Kraneshares Global Luxury Index ETF	0.85%	0.84%	0.74%	0.15%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
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%

Frequently Asked Questions

Can I hold both PEZ and KLXY in my portfolio?

PEZ and KLXY have a correlation of 0.48, 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 KLXY?

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 KLXY?

PEZ is cheaper with a 0.60% expense ratio, compared with 0.69% for KLXY.

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

KLXY has the higher dividend yield at 0.85%, compared with 0.22% for PEZ.

What is the main difference between PEZ and KLXY?

PEZ is categorized as Momentum, while KLXY is Consumer Discretionary Equities. PEZ tracks DWA Consumer Cyclicals Technical Leaders Index, while KLXY tracks Solactive Global Luxury Index - Benchmark TR Net. They also come from different issuers: Invesco and KraneShares. Their fees differ too: 0.60% for PEZ and 0.69% for KLXY.