PIZ vs. AVDV
Compare and contrast key facts about Invesco DWA Developed Markets Momentum ETF (PIZ) and Avantis International Small Cap Value ETF (AVDV).
PIZ and AVDV are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PIZ is a passively managed fund by Invesco that tracks the performance of the Dorsey Wright Developed Markets Technical Leaders Index. It was launched on Dec 28, 2007. AVDV is an actively managed fund by American Century Investments. It was launched on Sep 24, 2019.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIZ or AVDV.
Correlation
The correlation between PIZ and AVDV is 0.80, 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
PIZ vs. AVDV - Performance Comparison
Key characteristics
PIZ:
1.49
AVDV:
1.21
PIZ:
2.10
AVDV:
1.68
PIZ:
1.26
AVDV:
1.21
PIZ:
1.30
AVDV:
2.06
PIZ:
7.83
AVDV:
4.61
PIZ:
3.02%
AVDV:
3.65%
PIZ:
15.88%
AVDV:
13.91%
PIZ:
-60.61%
AVDV:
-43.01%
PIZ:
-0.89%
AVDV:
-0.91%
Returns By Period
In the year-to-date period, PIZ achieves a 10.24% return, which is significantly higher than AVDV's 5.69% return.
PIZ
10.24%
5.95%
10.21%
23.04%
7.76%
6.26%
AVDV
5.69%
4.01%
3.65%
16.45%
8.73%
N/A
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PIZ vs. AVDV - Expense Ratio Comparison
PIZ has a 0.80% expense ratio, which is higher than AVDV's 0.36% expense ratio.
Risk-Adjusted Performance
PIZ vs. AVDV — Risk-Adjusted Performance Rank
PIZ
AVDV
PIZ vs. AVDV - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and Avantis International Small Cap Value ETF (AVDV). 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
PIZ vs. AVDV - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.52%, less than AVDV's 4.08% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIZ Invesco DWA Developed Markets Momentum ETF | 1.52% | 1.68% | 1.86% | 2.04% | 1.00% | 0.37% | 1.58% | 1.05% | 1.30% | 2.21% | 1.09% | 1.61% |
AVDV Avantis International Small Cap Value ETF | 4.08% | 4.31% | 3.29% | 3.17% | 2.39% | 1.67% | 0.36% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PIZ vs. AVDV - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, which is greater than AVDV's maximum drawdown of -43.01%. Use the drawdown chart below to compare losses from any high point for PIZ and AVDV. For additional features, visit the drawdowns tool.
Volatility
PIZ vs. AVDV - Volatility Comparison
Invesco DWA Developed Markets Momentum ETF (PIZ) has a higher volatility of 4.09% compared to Avantis International Small Cap Value ETF (AVDV) at 3.23%. This indicates that PIZ's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.