PKB vs. DGRW
Compare and contrast key facts about Invesco Dynamic Building & Construction ETF (PKB) and WisdomTree U.S. Dividend Growth Fund (DGRW).
PKB and DGRW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. 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. DGRW is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree U.S. Dividend Growth Index. It was launched on May 22, 2013. Both PKB and DGRW 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: PKB or DGRW.
Key characteristics
| PKB | DGRW | |
|---|---|---|
| YTD Return | 13.92% | 6.81% |
| 1Y Return | 49.86% | 20.95% |
| 3Y Return (Ann) | 10.19% | 9.71% |
| 5Y Return (Ann) | 19.87% | 14.05% |
| 10Y Return (Ann) | 13.16% | 12.57% |
| Sharpe Ratio | 2.17 | 1.99 |
| Daily Std Dev | 23.27% | 10.37% |
| Max Drawdown | -65.21% | -32.04% |
| Current Drawdown | -3.98% | -1.80% |
Correlation
The correlation between PKB and DGRW is 0.75, 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
PKB vs. DGRW - Performance Comparison
In the year-to-date period, PKB achieves a 13.92% return, which is significantly higher than DGRW's 6.81% return. Both investments have delivered pretty close results over the past 10 years, with PKB having a 13.16% annualized return and DGRW not far behind at 12.57%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PKB vs. DGRW - Expense Ratio Comparison
PKB has a 0.60% expense ratio, which is higher than DGRW's 0.28% expense ratio.
Risk-Adjusted Performance
PKB vs. DGRW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) and WisdomTree U.S. Dividend Growth Fund (DGRW). 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
PKB vs. DGRW - Dividend Comparison
PKB's dividend yield for the trailing twelve months is around 0.27%, less than DGRW's 1.67% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKB Invesco Dynamic Building & Construction ETF | 0.27% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% | 0.10% | 0.00% |
DGRW WisdomTree U.S. Dividend Growth Fund | 1.67% | 1.74% | 2.15% | 1.78% | 1.91% | 2.20% | 2.42% | 1.73% | 2.13% | 2.18% | 1.79% | 1.05% |
Drawdowns
PKB vs. DGRW - Drawdown Comparison
The maximum PKB drawdown since its inception was -65.21%, which is greater than DGRW's maximum drawdown of -32.04%. Use the drawdown chart below to compare losses from any high point for PKB and DGRW. For additional features, visit the drawdowns tool.
Volatility
PKB vs. DGRW - Volatility Comparison
Invesco Dynamic Building & Construction ETF (PKB) has a higher volatility of 7.08% compared to WisdomTree U.S. Dividend Growth Fund (DGRW) at 3.29%. This indicates that PKB's price experiences larger fluctuations and is considered to be riskier than DGRW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.