PIZ vs. WCMIX
Compare and contrast key facts about Invesco DWA Developed Markets Momentum ETF (PIZ) and WCM Focused International Growth Fund (WCMIX).
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. WCMIX is managed by WCM Investment Management. It was launched on May 30, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PIZ or WCMIX.
Correlation
The correlation between PIZ and WCMIX is 0.86, 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. WCMIX - Performance Comparison
Key characteristics
PIZ:
1.49
WCMIX:
0.01
PIZ:
2.10
WCMIX:
0.12
PIZ:
1.26
WCMIX:
1.02
PIZ:
1.30
WCMIX:
0.01
PIZ:
7.83
WCMIX:
0.02
PIZ:
3.02%
WCMIX:
7.02%
PIZ:
15.88%
WCMIX:
17.87%
PIZ:
-60.61%
WCMIX:
-42.39%
PIZ:
-0.89%
WCMIX:
-17.75%
Returns By Period
In the year-to-date period, PIZ achieves a 10.24% return, which is significantly lower than WCMIX's 12.27% return. Over the past 10 years, PIZ has underperformed WCMIX with an annualized return of 6.26%, while WCMIX has yielded a comparatively higher 7.41% annualized return.
PIZ
10.24%
5.95%
10.21%
23.04%
7.76%
6.26%
WCMIX
12.27%
9.26%
-6.36%
0.35%
4.66%
7.41%
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PIZ vs. WCMIX - Expense Ratio Comparison
PIZ has a 0.80% expense ratio, which is lower than WCMIX's 1.04% expense ratio.
Risk-Adjusted Performance
PIZ vs. WCMIX — Risk-Adjusted Performance Rank
PIZ
WCMIX
PIZ vs. WCMIX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Developed Markets Momentum ETF (PIZ) and WCM Focused International Growth Fund (WCMIX). 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. WCMIX - Dividend Comparison
PIZ's dividend yield for the trailing twelve months is around 1.52%, more than WCMIX's 0.25% 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% |
WCMIX WCM Focused International Growth Fund | 0.25% | 0.28% | 0.00% | 0.00% | 0.00% | 0.06% | 0.22% | 0.38% | 0.45% | 0.51% | 0.32% | 0.23% |
Drawdowns
PIZ vs. WCMIX - Drawdown Comparison
The maximum PIZ drawdown since its inception was -60.61%, which is greater than WCMIX's maximum drawdown of -42.39%. Use the drawdown chart below to compare losses from any high point for PIZ and WCMIX. For additional features, visit the drawdowns tool.
Volatility
PIZ vs. WCMIX - Volatility Comparison
Invesco DWA Developed Markets Momentum ETF (PIZ) and WCM Focused International Growth Fund (WCMIX) have volatilities of 4.09% and 4.11%, 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.