PEZ vs. XLG
Compare and contrast key facts about Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Invesco S&P 500® Top 50 ETF (XLG).
PEZ and XLG 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. XLG is a passively managed fund by Invesco that tracks the performance of the Russell Top 50 Index. It was launched on May 10, 2005. Both PEZ and XLG 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 XLG.
Key characteristics
| PEZ | XLG | |
|---|---|---|
| YTD Return | 11.46% | 8.77% |
| 1Y Return | 35.19% | 31.87% |
| 3Y Return (Ann) | 1.33% | 10.47% |
| 5Y Return (Ann) | 10.49% | 15.52% |
| 10Y Return (Ann) | 9.08% | 13.95% |
| Sharpe Ratio | 1.55 | 2.30 |
| Daily Std Dev | 22.15% | 13.49% |
| Max Drawdown | -58.39% | -52.38% |
| Current Drawdown | -9.10% | -3.19% |
Correlation
The correlation between PEZ and XLG is 0.69, 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. XLG - Performance Comparison
In the year-to-date period, PEZ achieves a 11.46% return, which is significantly higher than XLG's 8.77% return. Over the past 10 years, PEZ has underperformed XLG with an annualized return of 9.08%, while XLG has yielded a comparatively higher 13.95% annualized 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. XLG - Expense Ratio Comparison
PEZ has a 0.60% expense ratio, which is higher than XLG's 0.20% expense ratio.
Risk-Adjusted Performance
PEZ vs. XLG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) and Invesco S&P 500® Top 50 ETF (XLG). 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. XLG - Dividend Comparison
PEZ's dividend yield for the trailing twelve months is around 0.42%, less than XLG's 0.88% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PEZ Invesco DWA Consumer Cyclicals Momentum ETF | 0.42% | 0.60% | 0.41% | 0.22% | 0.39% | 0.01% | 0.40% | 0.42% | 0.83% | 0.64% | 0.15% | 0.46% |
XLG Invesco S&P 500® Top 50 ETF | 0.88% | 0.97% | 1.34% | 0.93% | 1.25% | 1.58% | 2.00% | 1.86% | 1.99% | 2.09% | 1.97% | 1.98% |
Drawdowns
PEZ vs. XLG - Drawdown Comparison
The maximum PEZ drawdown since its inception was -58.39%, which is greater than XLG's maximum drawdown of -52.38%. Use the drawdown chart below to compare losses from any high point for PEZ and XLG. For additional features, visit the drawdowns tool.
Volatility
PEZ vs. XLG - Volatility Comparison
Invesco DWA Consumer Cyclicals Momentum ETF (PEZ) has a higher volatility of 6.75% compared to Invesco S&P 500® Top 50 ETF (XLG) at 4.87%. This indicates that PEZ's price experiences larger fluctuations and is considered to be riskier than XLG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.