PIO vs. GM
Compare and contrast key facts about Invesco Global Water ETF (PIO) and General Motors Company (GM).
PIO is a passively managed fund by Invesco that tracks the performance of the NASDAQ OMX Global Water Index. It was launched on Jun 13, 2007.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIO or GM.
Key characteristics
| PIO | GM | |
|---|---|---|
| YTD Return | 5.08% | 55.99% |
| 1Y Return | 24.53% | 110.85% |
| 3Y Return (Ann) | 0.16% | -1.00% |
| 5Y Return (Ann) | 8.51% | 8.53% |
| 10Y Return (Ann) | 7.15% | 8.65% |
| Sharpe Ratio | 1.63 | 3.28 |
| Sortino Ratio | 2.27 | 4.06 |
| Omega Ratio | 1.28 | 1.57 |
| Calmar Ratio | 1.13 | 1.76 |
| Martin Ratio | 6.47 | 20.69 |
| Ulcer Index | 3.80% | 5.02% |
| Daily Std Dev | 15.09% | 31.71% |
| Max Drawdown | -64.91% | -59.95% |
| Current Drawdown | -4.61% | -13.47% |
Correlation
The correlation between PIO and GM is 0.50, 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
PIO vs. GM - Performance Comparison
In the year-to-date period, PIO achieves a 5.08% return, which is significantly lower than GM's 55.99% return. Over the past 10 years, PIO has underperformed GM with an annualized return of 7.15%, while GM has yielded a comparatively higher 8.65% 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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Risk-Adjusted Performance
PIO vs. GM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Global Water ETF (PIO) and General Motors Company (GM). 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
PIO vs. GM - Dividend Comparison
PIO's dividend yield for the trailing twelve months is around 0.82%, more than GM's 0.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIO Invesco Global Water ETF | 0.82% | 0.84% | 1.02% | 1.19% | 0.88% | 1.19% | 2.00% | 1.00% | 1.45% | 1.62% | 1.42% | 1.50% |
GM General Motors Company | 0.81% | 1.00% | 0.54% | 0.00% | 0.91% | 4.15% | 4.54% | 3.71% | 4.36% | 4.06% | 3.44% | 0.00% |
Drawdowns
PIO vs. GM - Drawdown Comparison
The maximum PIO drawdown since its inception was -64.91%, which is greater than GM's maximum drawdown of -59.95%. Use the drawdown chart below to compare losses from any high point for PIO and GM. For additional features, visit the drawdowns tool.
Volatility
PIO vs. GM - Volatility Comparison
The current volatility for Invesco Global Water ETF (PIO) is 3.80%, while General Motors Company (GM) has a volatility of 11.59%. This indicates that PIO experiences smaller price fluctuations and is considered to be less risky than GM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.