PIZ vs. FNDF
Compare and contrast key facts about Invesco DWA Developed Markets Momentum ETF (PIZ) and Schwab Fundamental International Large Company Index ETF (FNDF).
PIZ and FNDF 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. FNDF is a passively managed fund by Charles Schwab that tracks the performance of the Russell Fundamental Developed ex-U.S. Large Company Index. It was launched on Aug 15, 2013. Both PIZ and FNDF 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: PIZ or FNDF.
Correlation
The correlation between PIZ and FNDF is 0.73, 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. FNDF - Performance Comparison
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Key characteristics
PIZ:
1.15
FNDF:
0.58
PIZ:
1.72
FNDF:
0.93
PIZ:
1.24
FNDF:
1.13
PIZ:
1.47
FNDF:
0.72
PIZ:
7.04
FNDF:
2.12
PIZ:
3.46%
FNDF:
4.71%
PIZ:
20.97%
FNDF:
17.15%
PIZ:
-60.61%
FNDF:
-40.14%
PIZ:
-0.82%
FNDF:
0.00%
Returns By Period
In the year-to-date period, PIZ achieves a 16.49% return, which is significantly higher than FNDF's 14.42% return. Both investments have delivered pretty close results over the past 10 years, with PIZ having a 6.23% annualized return and FNDF not far behind at 6.05%.
PIZ
16.49%
9.43%
13.67%
23.86%
13.00%
6.23%
FNDF
14.42%
9.20%
12.59%
9.82%
16.10%
6.05%
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PIZ vs. FNDF - Expense Ratio Comparison
PIZ has a 0.80% expense ratio, which is higher than FNDF's 0.25% expense ratio.
Risk-Adjusted Performance
PIZ vs. FNDF — Risk-Adjusted Performance Rank
PIZ
FNDF
PIZ vs. FNDF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and Schwab Fundamental International Large Company Index ETF (FNDF). 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.
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Dividends
PIZ vs. FNDF - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.59%, less than FNDF's 3.51% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIZ Invesco DWA Developed Markets Momentum ETF | 1.59% | 1.68% | 1.86% | 2.04% | 1.00% | 0.37% | 1.58% | 1.05% | 1.30% | 2.21% | 1.09% | 1.61% |
FNDF Schwab Fundamental International Large Company Index ETF | 3.51% | 4.01% | 3.41% | 3.10% | 3.54% | 2.17% | 3.20% | 3.47% | 2.32% | 2.42% | 2.08% | 1.83% |
Drawdowns
PIZ vs. FNDF - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, which is greater than FNDF's maximum drawdown of -40.14%. Use the drawdown chart below to compare losses from any high point for PIZ and FNDF. For additional features, visit the drawdowns tool.
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Volatility
PIZ vs. FNDF - Volatility Comparison
Invesco DWA Developed Markets Momentum ETF (PIZ) has a higher volatility of 3.66% compared to Schwab Fundamental International Large Company Index ETF (FNDF) at 3.21%. This indicates that PIZ's price experiences larger fluctuations and is considered to be riskier than FNDF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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