PIZ vs. SCHG
Compare and contrast key facts about Invesco DWA Developed Markets Momentum ETF (PIZ) and Schwab U.S. Large-Cap Growth ETF (SCHG).
PIZ and SCHG 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. SCHG is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Large-Cap Growth Total Stock Market Total Return Index. It was launched on Dec 11, 2009. Both PIZ and SCHG 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 SCHG.
Correlation
The correlation between PIZ and SCHG is 0.77, 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. SCHG - Performance Comparison
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Key characteristics
PIZ:
1.11
SCHG:
0.67
PIZ:
1.70
SCHG:
1.11
PIZ:
1.23
SCHG:
1.16
PIZ:
1.45
SCHG:
0.74
PIZ:
6.94
SCHG:
2.47
PIZ:
3.46%
SCHG:
7.02%
PIZ:
21.02%
SCHG:
25.26%
PIZ:
-60.61%
SCHG:
-34.59%
PIZ:
-1.18%
SCHG:
-7.02%
Returns By Period
In the year-to-date period, PIZ achieves a 16.07% return, which is significantly higher than SCHG's -2.92% return. Over the past 10 years, PIZ has underperformed SCHG with an annualized return of 6.19%, while SCHG has yielded a comparatively higher 15.66% annualized return.
PIZ
16.07%
9.04%
11.60%
23.13%
12.76%
6.19%
SCHG
-2.92%
10.96%
-2.63%
16.87%
19.58%
15.66%
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PIZ vs. SCHG - Expense Ratio Comparison
PIZ has a 0.80% expense ratio, which is higher than SCHG's 0.04% expense ratio.
Risk-Adjusted Performance
PIZ vs. SCHG — Risk-Adjusted Performance Rank
PIZ
SCHG
PIZ vs. SCHG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and Schwab U.S. Large-Cap Growth ETF (SCHG). 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. SCHG - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.60%, more than SCHG's 0.42% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PIZ Invesco DWA Developed Markets Momentum ETF | 1.60% | 1.68% | 1.86% | 2.04% | 1.00% | 0.37% | 1.58% | 1.05% | 1.30% | 2.21% | 1.09% | 1.61% |
SCHG Schwab U.S. Large-Cap Growth ETF | 0.42% | 0.40% | 0.46% | 0.55% | 0.42% | 0.52% | 0.82% | 1.27% | 1.01% | 1.04% | 1.22% | 1.09% |
Drawdowns
PIZ vs. SCHG - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, which is greater than SCHG's maximum drawdown of -34.59%. Use the drawdown chart below to compare losses from any high point for PIZ and SCHG. For additional features, visit the drawdowns tool.
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Volatility
PIZ vs. SCHG - Volatility Comparison
The current volatility for Invesco DWA Developed Markets Momentum ETF (PIZ) is 4.96%, while Schwab U.S. Large-Cap Growth ETF (SCHG) has a volatility of 7.90%. This indicates that PIZ experiences smaller price fluctuations and is considered to be less risky than SCHG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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