PGJ vs. CNYA
Compare and contrast key facts about Invesco Golden Dragon China ETF (PGJ) and iShares MSCI China A ETF (CNYA).
PGJ and CNYA are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. CNYA is a passively managed fund by iShares that tracks the performance of the MSCI China A Inclusion Index. It was launched on Jun 13, 2016. Both PGJ and CNYA 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: PGJ or CNYA.
Key characteristics
| PGJ | CNYA | |
|---|---|---|
| YTD Return | 8.15% | 16.34% |
| 1Y Return | 12.84% | 14.27% |
| 3Y Return (Ann) | -12.98% | -9.04% |
| 5Y Return (Ann) | -6.26% | 2.32% |
| Sharpe Ratio | 0.30 | 0.43 |
| Sortino Ratio | 0.72 | 0.85 |
| Omega Ratio | 1.08 | 1.13 |
| Calmar Ratio | 0.14 | 0.28 |
| Martin Ratio | 0.85 | 1.51 |
| Ulcer Index | 12.11% | 9.04% |
| Daily Std Dev | 34.26% | 31.62% |
| Max Drawdown | -78.37% | -49.49% |
| Current Drawdown | -65.75% | -34.23% |
Correlation
The correlation between PGJ and CNYA is 0.58, 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
PGJ vs. CNYA - Performance Comparison
In the year-to-date period, PGJ achieves a 8.15% return, which is significantly lower than CNYA's 16.34% 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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PGJ vs. CNYA - Expense Ratio Comparison
PGJ has a 0.70% expense ratio, which is higher than CNYA's 0.60% expense ratio.
Risk-Adjusted Performance
PGJ vs. CNYA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Golden Dragon China ETF (PGJ) and iShares MSCI China A ETF (CNYA). 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
PGJ vs. CNYA - Dividend Comparison
PGJ's dividend yield for the trailing twelve months is around 5.83%, more than CNYA's 3.70% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PGJ Invesco Golden Dragon China ETF | 5.83% | 2.50% | 0.84% | 0.00% | 0.31% | 0.17% | 0.31% | 2.05% | 1.94% | 0.37% | 0.89% | 0.96% |
CNYA iShares MSCI China A ETF | 3.70% | 4.23% | 2.69% | 1.11% | 1.05% | 1.21% | 3.92% | 0.98% | 1.38% | 0.00% | 0.00% | 0.00% |
Drawdowns
PGJ vs. CNYA - Drawdown Comparison
The maximum PGJ drawdown since its inception was -78.37%, which is greater than CNYA's maximum drawdown of -49.49%. Use the drawdown chart below to compare losses from any high point for PGJ and CNYA. For additional features, visit the drawdowns tool.
Volatility
PGJ vs. CNYA - Volatility Comparison
Invesco Golden Dragon China ETF (PGJ) and iShares MSCI China A ETF (CNYA) have volatilities of 11.81% and 12.22%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.