PKB vs. FLJH
Compare and contrast key facts about Invesco Dynamic Building & Construction ETF (PKB) and Franklin FTSE Japan Hedged ETF (FLJH).
PKB and FLJH 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. FLJH is a passively managed fund by Franklin Templeton that tracks the performance of the FTSE Japan RIC Capped Hedged to USD Net Tax Index. It was launched on Nov 2, 2017. Both PKB and FLJH 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 FLJH.
Key characteristics
| PKB | FLJH | |
|---|---|---|
| YTD Return | 9.96% | 18.92% |
| 1Y Return | 47.28% | 43.56% |
| 3Y Return (Ann) | 10.93% | 18.85% |
| 5Y Return (Ann) | 18.53% | 16.08% |
| Sharpe Ratio | 2.01 | 1.12 |
| Daily Std Dev | 23.28% | 36.76% |
| Max Drawdown | -65.21% | -31.50% |
| Current Drawdown | -7.32% | -5.07% |
Correlation
The correlation between PKB and FLJH is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PKB vs. FLJH - Performance Comparison
In the year-to-date period, PKB achieves a 9.96% return, which is significantly lower than FLJH's 18.92% return. 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. FLJH - Expense Ratio Comparison
PKB has a 0.60% expense ratio, which is higher than FLJH's 0.09% expense ratio.
Risk-Adjusted Performance
PKB vs. FLJH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) and Franklin FTSE Japan Hedged ETF (FLJH). 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. FLJH - Dividend Comparison
PKB's dividend yield for the trailing twelve months is around 0.28%, less than FLJH's 21.52% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
PKB Invesco Dynamic Building & Construction ETF | 0.28% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% | 0.10% |
FLJH Franklin FTSE Japan Hedged ETF | 21.52% | 25.59% | 26.67% | 1.29% | 0.00% | 0.00% | 5.92% | 0.05% | 0.00% | 0.00% | 0.00% |
Drawdowns
PKB vs. FLJH - Drawdown Comparison
The maximum PKB drawdown since its inception was -65.21%, which is greater than FLJH's maximum drawdown of -31.50%. Use the drawdown chart below to compare losses from any high point for PKB and FLJH. For additional features, visit the drawdowns tool.
Volatility
PKB vs. FLJH - Volatility Comparison
Invesco Dynamic Building & Construction ETF (PKB) has a higher volatility of 7.21% compared to Franklin FTSE Japan Hedged ETF (FLJH) at 4.32%. This indicates that PKB's price experiences larger fluctuations and is considered to be riskier than FLJH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.