PFM vs. VBMFX
Compare and contrast key facts about Invesco Dividend Achievers™ ETF (PFM) and Vanguard Total Bond Market Index Fund (VBMFX).
PFM is a passively managed fund by Invesco that tracks the performance of the NASDAQ US Broad Dividend Achievers Index. It was launched on Sep 15, 2005. VBMFX is managed by Vanguard. It was launched on Dec 11, 1986.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PFM or VBMFX.
Key characteristics
| PFM | VBMFX | |
|---|---|---|
| YTD Return | 20.12% | 1.27% |
| 1Y Return | 29.65% | 7.71% |
| 3Y Return (Ann) | 8.85% | -2.51% |
| 5Y Return (Ann) | 11.87% | -0.40% |
| 10Y Return (Ann) | 10.51% | 1.25% |
| Sharpe Ratio | 3.04 | 1.33 |
| Sortino Ratio | 4.23 | 1.98 |
| Omega Ratio | 1.56 | 1.24 |
| Calmar Ratio | 6.03 | 0.48 |
| Martin Ratio | 20.52 | 4.59 |
| Ulcer Index | 1.44% | 1.68% |
| Daily Std Dev | 9.71% | 5.78% |
| Max Drawdown | -53.21% | -19.21% |
| Current Drawdown | -0.53% | -9.66% |
Correlation
The correlation between PFM and VBMFX is -0.18. This indicates that the assets' prices tend to move in opposite directions. Negative correlation can be particularly beneficial for diversification and risk management, as one asset may offset the losses of the other during market fluctuations.
Performance
PFM vs. VBMFX - Performance Comparison
In the year-to-date period, PFM achieves a 20.12% return, which is significantly higher than VBMFX's 1.27% return. Over the past 10 years, PFM has outperformed VBMFX with an annualized return of 10.51%, while VBMFX has yielded a comparatively lower 1.25% 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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PFM vs. VBMFX - Expense Ratio Comparison
PFM has a 0.53% expense ratio, which is higher than VBMFX's 0.15% expense ratio.
Risk-Adjusted Performance
PFM vs. VBMFX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) and Vanguard Total Bond Market Index Fund (VBMFX). 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
PFM vs. VBMFX - Dividend Comparison
PFM's dividend yield for the trailing twelve months is around 1.58%, less than VBMFX's 3.48% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PFM Invesco Dividend Achievers™ ETF | 1.58% | 1.86% | 1.95% | 1.69% | 1.92% | 1.94% | 2.27% | 1.70% | 2.56% | 2.36% | 1.93% | 1.87% |
VBMFX Vanguard Total Bond Market Index Fund | 3.48% | 3.00% | 2.42% | 1.81% | 2.14% | 2.64% | 2.67% | 2.43% | 2.38% | 2.38% | 2.43% | 2.43% |
Drawdowns
PFM vs. VBMFX - Drawdown Comparison
The maximum PFM drawdown since its inception was -53.21%, which is greater than VBMFX's maximum drawdown of -19.21%. Use the drawdown chart below to compare losses from any high point for PFM and VBMFX. For additional features, visit the drawdowns tool.
Volatility
PFM vs. VBMFX - Volatility Comparison
Invesco Dividend Achievers™ ETF (PFM) has a higher volatility of 3.33% compared to Vanguard Total Bond Market Index Fund (VBMFX) at 1.76%. This indicates that PFM's price experiences larger fluctuations and is considered to be riskier than VBMFX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.