PKB vs. ^SP500TR

Last updated Apr 2, 2026

Compare and contrast key facts about Invesco Dynamic Building & Construction ETF (PKB) and S&P 500 Total Return (^SP500TR).

PKB is a passively managed fund by Invesco that tracks the performance of the Dynamic Building & Construction Intellidex Index. It was launched on Oct 26, 2005.

Performance

PKB vs. ^SP500TR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco Dynamic Building & Construction ETF (PKB) and S&P 500 Total Return (^SP500TR). The values are adjusted to include any dividend payments, if applicable.

PKB vs. ^SP500TR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
PKB Invesco Dynamic Building & Construction ETF	7.52%	22.47%	20.24%	55.29%	-24.88%	32.96%	24.49%	40.15%	-31.11%	24.67%
^SP500TR S&P 500 Total Return	-3.64%	17.88%	25.02%	26.29%	-18.11%	28.71%	18.40%	31.49%	-4.38%	21.83%

Returns By Period

In the year-to-date period, PKB achieves a 7.52% return, which is significantly higher than ^SP500TR's -3.64% return. Over the past 10 years, PKB has outperformed ^SP500TR with an annualized return of 15.14%, while ^SP500TR has yielded a comparatively lower 14.17% annualized return.

PKB

• 1D: 2.00%
• 1M: -7.83%
• YTD: 7.52%
• 6M: 4.65%
• 1Y: 46.60%
• 3Y*: 29.75%
• 5Y*: 15.29%
• 10Y*: 15.14%

^SP500TR

• 1D: 0.72%
• 1M: -4.34%
• YTD: -3.64%
• 6M: -1.43%
• 1Y: 18.20%
• 3Y*: 18.60%
• 5Y*: 11.96%
• 10Y*: 14.17%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

PKB vs. ^SP500TR — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PKB

PKB Risk / Return Rank: 86
PKB Sharpe Ratio Rank: 86
PKB Sortino Ratio Rank: 89
PKB Omega Ratio Rank: 80
PKB Calmar Ratio Rank: 90
PKB Martin Ratio Rank: 87

^SP500TR

^SP500TR Risk / Return Rank: 72
^SP500TR Sharpe Ratio Rank: 66
^SP500TR Sortino Ratio Rank: 69
^SP500TR Omega Ratio Rank: 74
^SP500TR Calmar Ratio Rank: 67
^SP500TR Martin Ratio Rank: 83

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PKB vs. ^SP500TR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) and S&P 500 Total Return (^SP500TR). 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.

	PKB	^SP500TR	Difference
Sharpe ratio Return per unit of total volatility	1.82	1.00	+0.82
Sortino ratio Return per unit of downside risk	2.59	1.52	+1.07
Omega ratio Gain probability vs. loss probability	1.32	1.23	+0.09
Calmar ratio Return relative to maximum drawdown	3.12	1.54	+1.58
Martin ratio Return relative to average drawdown	11.03	7.32	+3.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PKB vs. ^SP500TR - Sharpe Ratio Comparison

The current PKB Sharpe Ratio is 1.82, which is higher than the ^SP500TR Sharpe Ratio of 1.00. The chart below compares the historical Sharpe Ratios of PKB and ^SP500TR, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	PKB	^SP500TR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.82	1.00	+0.82
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.60	0.71	-0.11
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.56	0.79	-0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.37	0.62	-0.26

Correlation

The correlation between PKB and ^SP500TR is 0.79, 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.

Drawdowns

PKB vs. ^SP500TR - Drawdown Comparison

The maximum PKB drawdown since its inception was -65.21%, which is greater than ^SP500TR's maximum drawdown of -55.25%. Use the drawdown chart below to compare losses from any high point for PKB and ^SP500TR.

Drawdown Indicators

	PKB	^SP500TR	Difference
Max Drawdown Largest peak-to-trough decline	-65.21%	-55.25%	-9.96%
Max Drawdown (1Y) Largest decline over 1 year	-15.41%	-12.12%	-3.29%
Max Drawdown (5Y) Largest decline over 5 years	-34.85%	-24.49%	-10.36%
Max Drawdown (10Y) Largest decline over 10 years	-52.29%	-33.79%	-18.50%
Current Drawdown Current decline from peak	-9.91%	-5.55%	-4.36%
Average Drawdown Average peak-to-trough decline	-15.86%	-8.20%	-7.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.36%	2.55%	+1.81%

Volatility

PKB vs. ^SP500TR - Volatility Comparison

Invesco Dynamic Building & Construction ETF (PKB) has a higher volatility of 9.12% compared to S&P 500 Total Return (^SP500TR) at 5.38%. This indicates that PKB's price experiences larger fluctuations and is considered to be riskier than ^SP500TR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PKB	^SP500TR	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.12%	5.38%	+3.74%
Volatility (6M) Calculated over the trailing 6-month period	17.28%	9.55%	+7.73%
Volatility (1Y) Calculated over the trailing 1-year period	25.72%	18.32%	+7.40%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.55%	16.90%	+8.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	27.09%	18.05%	+9.04%