PICK vs. RTM
Compare and contrast key facts about iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and Invesco S&P 500® Equal Weight Materials ETF (RTM).
PICK and RTM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PICK is a passively managed fund by iShares that tracks the performance of the MSCI ACWI Select Metals & Mining Producers Ex Gold & Silver Investable Market Index. It was launched on Jan 31, 2012. RTM is a passively managed fund by Invesco that tracks the performance of the S&P 500 Equal Weighted / Materials -SEC. It was launched on Nov 1, 2006. Both PICK and RTM 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: PICK or RTM.
Key characteristics
| PICK | RTM | |
|---|---|---|
| YTD Return | -1.51% | 3.66% |
| 1Y Return | 9.63% | 12.01% |
| 3Y Return (Ann) | 3.00% | 3.64% |
| 5Y Return (Ann) | 12.08% | 12.27% |
| 10Y Return (Ann) | 5.49% | 9.76% |
| Sharpe Ratio | 0.37 | 0.63 |
| Daily Std Dev | 21.91% | 16.36% |
| Max Drawdown | -68.88% | -57.93% |
| Current Drawdown | -10.45% | -4.81% |
Correlation
The correlation between PICK and RTM is 0.70, 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
PICK vs. RTM - Performance Comparison
In the year-to-date period, PICK achieves a -1.51% return, which is significantly lower than RTM's 3.66% return. Over the past 10 years, PICK has underperformed RTM with an annualized return of 5.49%, while RTM has yielded a comparatively higher 9.76% 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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PICK vs. RTM - Expense Ratio Comparison
PICK has a 0.39% expense ratio, which is lower than RTM's 0.40% expense ratio.
Risk-Adjusted Performance
PICK vs. RTM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Global Select Metals & Mining Producers ETF (PICK) and Invesco S&P 500® Equal Weight Materials ETF (RTM). 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
PICK vs. RTM - Dividend Comparison
PICK's dividend yield for the trailing twelve months is around 4.26%, more than RTM's 1.98% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PICK iShares MSCI Global Select Metals & Mining Producers ETF | 4.26% | 4.19% | 6.93% | 5.89% | 2.27% | 5.50% | 4.76% | 2.41% | 1.15% | 15.73% | 2.88% | 3.38% |
RTM Invesco S&P 500® Equal Weight Materials ETF | 1.98% | 2.05% | 2.19% | 1.43% | 1.57% | 1.81% | 1.83% | 1.50% | 1.28% | 1.57% | 1.45% | 1.36% |
Drawdowns
PICK vs. RTM - Drawdown Comparison
The maximum PICK drawdown since its inception was -68.88%, which is greater than RTM's maximum drawdown of -57.93%. Use the drawdown chart below to compare losses from any high point for PICK and RTM. For additional features, visit the drawdowns tool.
Volatility
PICK vs. RTM - Volatility Comparison
iShares MSCI Global Select Metals & Mining Producers ETF (PICK) has a higher volatility of 5.44% compared to Invesco S&P 500® Equal Weight Materials ETF (RTM) at 4.36%. This indicates that PICK's price experiences larger fluctuations and is considered to be riskier than RTM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.