PEZ vs. SPY
Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and SPDR S&P 500 ETF (SPY).
PEZ and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PEZ and SPY 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 SPY.
Correlation
The correlation between PEZ and SPY is 0.74, 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. SPY - Performance Comparison
Key characteristics
PEZ:
0.74
SPY:
1.75
PEZ:
1.12
SPY:
2.36
PEZ:
1.14
SPY:
1.32
PEZ:
1.06
SPY:
2.66
PEZ:
3.15
SPY:
11.01
PEZ:
5.12%
SPY:
2.03%
PEZ:
21.84%
SPY:
12.77%
PEZ:
-58.39%
SPY:
-55.19%
PEZ:
-11.59%
SPY:
-2.12%
Returns By Period
In the year-to-date period, PEZ achieves a 0.55% return, which is significantly lower than SPY's 2.36% return. Over the past 10 years, PEZ has underperformed SPY with an annualized return of 8.42%, while SPY has yielded a comparatively higher 12.96% annualized return.
PEZ
0.55%
-2.92%
-2.73%
13.80%
12.52%
8.42%
SPY
2.36%
-1.07%
7.41%
19.73%
14.21%
12.96%
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PEZ vs. SPY - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Risk-Adjusted Performance
PEZ vs. SPY — Risk-Adjusted Performance Rank
PEZ
SPY
PEZ vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.12%, less than SPY's 1.18% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.12% | 0.12% | 0.61% | 0.41% | 0.22% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% | 0.15% |
SPY SPDR S&P 500 ETF | 1.18% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% |
Drawdowns
PEZ vs. SPY - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, which is greater than SPY's maximum drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PEZ and SPY. For additional features, visit the drawdowns tool.
Volatility
PEZ vs. SPY - Volatility Comparison
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) has a higher volatility of 7.23% compared to SPDR S&P 500 ETF (SPY) at 3.38%. This indicates that PEZ's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.