PIZ vs. IPOS
Compare and contrast key facts about Invesco DWA Developed Markets Momentum ETF (PIZ) and Renaissance International IPO ETF (IPOS).
PIZ and IPOS 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. IPOS is a passively managed fund by Renaissance Capital that tracks the performance of the Renaissance International IPO Index. It was launched on Oct 6, 2014. Both PIZ and IPOS 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 IPOS.
Correlation
The correlation between PIZ and IPOS is 0.52, 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
PIZ vs. IPOS - Performance Comparison
Key characteristics
PIZ:
1.64
IPOS:
0.27
PIZ:
2.28
IPOS:
0.50
PIZ:
1.29
IPOS:
1.06
PIZ:
1.43
IPOS:
0.08
PIZ:
8.62
IPOS:
0.49
PIZ:
3.02%
IPOS:
10.92%
PIZ:
15.90%
IPOS:
19.86%
PIZ:
-60.61%
IPOS:
-70.23%
PIZ:
0.00%
IPOS:
-66.28%
Returns By Period
The year-to-date returns for both stocks are quite close, with PIZ having a 11.23% return and IPOS slightly lower at 11.06%. Over the past 10 years, PIZ has outperformed IPOS with an annualized return of 6.39%, while IPOS has yielded a comparatively lower -4.14% annualized return.
PIZ
11.23%
9.54%
11.47%
24.79%
7.90%
6.39%
IPOS
11.06%
5.74%
3.88%
3.66%
-11.79%
-4.14%
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PIZ vs. IPOS - Expense Ratio Comparison
Both PIZ and IPOS have an expense ratio of 0.80%.
Risk-Adjusted Performance
PIZ vs. IPOS — Risk-Adjusted Performance Rank
PIZ
IPOS
PIZ vs. IPOS - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and Renaissance International IPO ETF (IPOS). 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. IPOS - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.51%, more than IPOS's 0.83% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIZ Invesco DWA Developed Markets Momentum ETF | 1.51% | 1.68% | 1.86% | 2.04% | 1.00% | 0.37% | 1.58% | 1.05% | 1.30% | 2.21% | 1.09% | 1.61% |
IPOS Renaissance International IPO ETF | 0.83% | 0.93% | 0.33% | 0.00% | 0.00% | 0.25% | 0.89% | 5.40% | 0.87% | 1.73% | 1.08% | 0.16% |
Drawdowns
PIZ vs. IPOS - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, smaller than the maximum IPOS drawdown of -70.23%. Use the drawdown chart below to compare losses from any high point for PIZ and IPOS. For additional features, visit the drawdowns tool.
Volatility
PIZ vs. IPOS - Volatility Comparison
Invesco DWA Developed Markets Momentum ETF (PIZ) and Renaissance International IPO ETF (IPOS) have volatilities of 4.45% and 4.26%, 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.