PIZ vs. VTI
Compare and contrast key facts about Invesco DWA Developed Markets Momentum ETF (PIZ) and Vanguard Total Stock Market ETF (VTI).
PIZ and VTI 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. VTI is a passively managed fund by Vanguard that tracks the performance of the CRSP US Total Market Index. It was launched on May 24, 2001. Both PIZ and VTI 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 VTI.
Correlation
The correlation between PIZ and VTI 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. VTI - Performance Comparison
Key characteristics
PIZ:
1.49
VTI:
1.78
PIZ:
2.10
VTI:
2.41
PIZ:
1.26
VTI:
1.33
PIZ:
1.30
VTI:
2.68
PIZ:
7.83
VTI:
10.68
PIZ:
3.02%
VTI:
2.15%
PIZ:
15.88%
VTI:
12.90%
PIZ:
-60.61%
VTI:
-55.45%
PIZ:
-0.89%
VTI:
0.00%
Returns By Period
In the year-to-date period, PIZ achieves a 10.24% return, which is significantly higher than VTI's 4.59% return. Over the past 10 years, PIZ has underperformed VTI with an annualized return of 6.26%, while VTI has yielded a comparatively higher 12.70% annualized return.
PIZ
10.24%
5.95%
10.21%
23.04%
7.76%
6.26%
VTI
4.59%
2.34%
10.34%
24.42%
14.06%
12.70%
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PIZ vs. VTI - Expense Ratio Comparison
PIZ has a 0.80% expense ratio, which is higher than VTI's 0.03% expense ratio.
Risk-Adjusted Performance
PIZ vs. VTI — Risk-Adjusted Performance Rank
PIZ
VTI
PIZ vs. VTI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and Vanguard Total Stock Market ETF (VTI). 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. VTI - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.52%, more than VTI's 1.21% 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% |
VTI Vanguard Total Stock Market ETF | 1.21% | 1.27% | 1.44% | 1.67% | 1.21% | 1.42% | 1.78% | 2.04% | 1.71% | 1.92% | 1.98% | 1.76% |
Drawdowns
PIZ vs. VTI - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, which is greater than VTI's maximum drawdown of -55.45%. Use the drawdown chart below to compare losses from any high point for PIZ and VTI. For additional features, visit the drawdowns tool.
Volatility
PIZ vs. VTI - Volatility Comparison
Invesco DWA Developed Markets Momentum ETF (PIZ) has a higher volatility of 4.09% compared to Vanguard Total Stock Market ETF (VTI) at 2.89%. This indicates that PIZ's price experiences larger fluctuations and is considered to be riskier than VTI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.