PFM vs. VOO
Compare and contrast key facts about Invesco Dividend Achievers™ ETF (PFM) and Vanguard S&P 500 ETF (VOO).
PFM and VOO are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PFM and VOO 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: PFM or VOO.
Key characteristics
| PFM | VOO | |
|---|---|---|
| YTD Return | 20.66% | 27.26% |
| 1Y Return | 30.05% | 37.86% |
| 3Y Return (Ann) | 9.03% | 10.35% |
| 5Y Return (Ann) | 11.98% | 16.03% |
| 10Y Return (Ann) | 10.56% | 13.45% |
| Sharpe Ratio | 3.24 | 3.25 |
| Sortino Ratio | 4.51 | 4.31 |
| Omega Ratio | 1.60 | 1.61 |
| Calmar Ratio | 6.48 | 4.74 |
| Martin Ratio | 22.03 | 21.63 |
| Ulcer Index | 1.44% | 1.85% |
| Daily Std Dev | 9.71% | 12.25% |
| Max Drawdown | -53.21% | -33.99% |
| Current Drawdown | -0.08% | 0.00% |
Correlation
The correlation between PFM and VOO is 0.91, 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
PFM vs. VOO - Performance Comparison
In the year-to-date period, PFM achieves a 20.66% return, which is significantly lower than VOO's 27.26% return. Over the past 10 years, PFM has underperformed VOO with an annualized return of 10.56%, while VOO has yielded a comparatively higher 13.45% 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. VOO - Expense Ratio Comparison
PFM has a 0.53% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PFM vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dividend Achievers™ ETF (PFM) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PFM's dividend yield for the trailing twelve months is around 1.58%, more than VOO's 1.23% 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% |
VOO Vanguard S&P 500 ETF | 1.23% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PFM vs. VOO - Drawdown Comparison
The maximum PFM drawdown since its inception was -53.21%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PFM and VOO. For additional features, visit the drawdowns tool.
Volatility
PFM vs. VOO - Volatility Comparison
The current volatility for Invesco Dividend Achievers™ ETF (PFM) is 3.39%, while Vanguard S&P 500 ETF (VOO) has a volatility of 3.92%. This indicates that PFM experiences smaller price fluctuations and is considered to be less risky than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.