PGJ vs. BIDU

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Golden Dragon China ETF (PGJ) and Baidu, Inc. (BIDU).

PGJ is a passively managed fund by Invesco that tracks the performance of the Halter USX China Index. It was launched on Dec 9, 2004.

Performance

PGJ vs. BIDU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Golden Dragon China ETF (PGJ) and Baidu, Inc. (BIDU). The values are adjusted to include any dividend payments, if applicable.

PGJ vs. BIDU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PGJ Invesco Golden Dragon China ETF	-9.88%	13.66%	5.91%	-2.38%	-24.50%	-42.87%	54.24%	32.18%	-29.51%	60.27%
BIDU Baidu, Inc.	-14.36%	54.98%	-29.20%	4.12%	-23.13%	-31.19%	71.08%	-20.30%	-32.28%	42.45%

Returns By Period

In the year-to-date period, PGJ achieves a -9.88% return, which is significantly higher than BIDU's -14.36% return. Over the past 10 years, PGJ has outperformed BIDU with an annualized return of 0.23%, while BIDU has yielded a comparatively lower -5.17% annualized return.

PGJ

• 1D: 0.44%
• 1M: -5.61%
• YTD: -9.88%
• 6M: -22.40%
• 1Y: -10.26%
• 3Y*: -0.87%
• 5Y*: -14.84%
• 10Y*: 0.23%

BIDU

• 1D: 0.43%
• 1M: -9.44%
• YTD: -14.36%
• 6M: -18.58%
• 1Y: 22.12%
• 3Y*: -9.49%
• 5Y*: -12.62%
• 10Y*: -5.17%

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

Return for Risk

PGJ vs. BIDU — Risk / Return Rank

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

PGJ

PGJ Risk / Return Rank: 5
PGJ Sharpe Ratio Rank: 5
PGJ Sortino Ratio Rank: 6
PGJ Omega Ratio Rank: 6
PGJ Calmar Ratio Rank: 6
PGJ Martin Ratio Rank: 5

BIDU

BIDU Risk / Return Rank: 55
BIDU Sharpe Ratio Rank: 57
BIDU Sortino Ratio Rank: 55
BIDU Omega Ratio Rank: 52
BIDU Calmar Ratio Rank: 56
BIDU Martin Ratio Rank: 57

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.

PGJ vs. BIDU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Golden Dragon China ETF (PGJ) and Baidu, Inc. (BIDU). 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.

	PGJ	BIDU	Difference
Sharpe ratio Return per unit of total volatility	-0.38	0.47	-0.84
Sortino ratio Return per unit of downside risk	-0.36	1.03	-1.39
Omega ratio Gain probability vs. loss probability	0.96	1.12	-0.17
Calmar ratio Return relative to maximum drawdown	-0.38	0.63	-1.01
Martin ratio Return relative to average drawdown	-0.91	1.67	-2.58
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PGJ vs. BIDU - Sharpe Ratio Comparison

The current PGJ Sharpe Ratio is -0.38, which is lower than the BIDU Sharpe Ratio of 0.47. The chart below compares the historical Sharpe Ratios of PGJ and BIDU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PGJ	BIDU	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.38	0.47	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.34	-0.25	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.01	-0.11	+0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.12	0.22	-0.10

Correlation

The correlation between PGJ and BIDU 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.

Dividends

PGJ vs. BIDU - Dividend Comparison

PGJ's dividend yield for the trailing twelve months is around 3.51%, while BIDU has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PGJ Invesco Golden Dragon China ETF	3.51%	3.38%	4.70%	2.50%	0.84%	0.00%	0.30%	0.17%	0.31%	2.05%	1.94%	0.37%
BIDU Baidu, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PGJ vs. BIDU - Drawdown Comparison

The maximum PGJ drawdown since its inception was -78.37%, roughly equal to the maximum BIDU drawdown of -77.47%. Use the drawdown chart below to compare losses from any high point for PGJ and BIDU.

Drawdown Indicators

	PGJ	BIDU	Difference
Max Drawdown Largest peak-to-trough decline	-78.37%	-77.47%	-0.90%
Max Drawdown (1Y) Largest decline over 1 year	-25.69%	-34.41%	+8.72%
Max Drawdown (5Y) Largest decline over 5 years	-72.28%	-66.23%	-6.05%
Max Drawdown (10Y) Largest decline over 10 years	-78.37%	-77.47%	-0.90%
Current Drawdown Current decline from peak	-65.65%	-67.08%	+1.43%
Average Drawdown Average peak-to-trough decline	-31.47%	-35.31%	+3.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	10.73%	12.89%	-2.16%

Volatility

PGJ vs. BIDU - Volatility Comparison

The current volatility for Invesco Golden Dragon China ETF (PGJ) is 7.25%, while Baidu, Inc. (BIDU) has a volatility of 10.50%. This indicates that PGJ experiences smaller price fluctuations and is considered to be less risky than BIDU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PGJ	BIDU	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.25%	10.50%	-3.25%
Volatility (6M) Calculated over the trailing 6-month period	17.78%	34.43%	-16.65%
Volatility (1Y) Calculated over the trailing 1-year period	27.39%	47.48%	-20.09%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	43.90%	51.14%	-7.24%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	36.63%	45.88%	-9.25%