PIZ vs. IOO
Compare and contrast key facts about Invesco DWA Developed Markets Momentum ETF (PIZ) and iShares Global 100 ETF (IOO).
PIZ and IOO 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. IOO is a passively managed fund by iShares that tracks the performance of the S&P Global 100 Index. It was launched on Dec 5, 2000. Both PIZ and IOO 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 IOO.
Correlation
The correlation between PIZ and IOO 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. IOO - Performance Comparison
Key characteristics
PIZ:
1.12
IOO:
0.29
PIZ:
1.68
IOO:
0.54
PIZ:
1.23
IOO:
1.08
PIZ:
1.30
IOO:
0.30
PIZ:
6.84
IOO:
1.29
PIZ:
3.46%
IOO:
4.51%
PIZ:
21.04%
IOO:
20.22%
PIZ:
-60.61%
IOO:
-55.85%
PIZ:
-0.66%
IOO:
-13.25%
Returns By Period
In the year-to-date period, PIZ achieves a 10.52% return, which is significantly higher than IOO's -9.51% return. Over the past 10 years, PIZ has underperformed IOO with an annualized return of 6.04%, while IOO has yielded a comparatively higher 10.99% annualized return.
PIZ
10.52%
1.40%
6.79%
24.51%
12.17%
6.04%
IOO
-9.51%
-7.25%
-9.04%
8.21%
15.36%
10.99%
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PIZ vs. IOO - Expense Ratio Comparison
PIZ has a 0.80% expense ratio, which is higher than IOO's 0.40% expense ratio.
Risk-Adjusted Performance
PIZ vs. IOO — Risk-Adjusted Performance Rank
PIZ
IOO
PIZ vs. IOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and iShares Global 100 ETF (IOO). 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. IOO - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.68%, more than IOO's 1.19% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIZ Invesco DWA Developed Markets Momentum ETF | 1.68% | 1.68% | 1.86% | 2.04% | 1.00% | 0.37% | 1.58% | 1.05% | 1.30% | 2.21% | 1.09% | 1.61% |
IOO iShares Global 100 ETF | 1.19% | 1.08% | 1.49% | 2.00% | 1.53% | 1.49% | 2.02% | 2.54% | 2.23% | 2.75% | 2.89% | 3.52% |
Drawdowns
PIZ vs. IOO - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, which is greater than IOO's maximum drawdown of -55.85%. Use the drawdown chart below to compare losses from any high point for PIZ and IOO. For additional features, visit the drawdowns tool.
Volatility
PIZ vs. IOO - Volatility Comparison
Invesco DWA Developed Markets Momentum ETF (PIZ) and iShares Global 100 ETF (IOO) have volatilities of 13.70% and 13.83%, 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.