PKB vs. QQQ
Compare and contrast key facts about Invesco Dynamic Building & Construction ETF (PKB) and Invesco QQQ (QQQ).
PKB and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both PKB and QQQ 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 QQQ.
Key characteristics
| PKB | QQQ | |
|---|---|---|
| YTD Return | 12.20% | 5.81% |
| 1Y Return | 49.34% | 35.06% |
| 3Y Return (Ann) | 11.71% | 9.32% |
| 5Y Return (Ann) | 19.45% | 18.88% |
| 10Y Return (Ann) | 12.71% | 18.36% |
| Sharpe Ratio | 2.22 | 2.23 |
| Daily Std Dev | 23.18% | 16.14% |
| Max Drawdown | -65.21% | -82.98% |
| Current Drawdown | -5.44% | -3.05% |
Correlation
The correlation between PKB and QQQ is 0.70, 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. QQQ - Performance Comparison
In the year-to-date period, PKB achieves a 12.20% return, which is significantly higher than QQQ's 5.81% return. Over the past 10 years, PKB has underperformed QQQ with an annualized return of 12.71%, while QQQ has yielded a comparatively higher 18.36% annualized 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. QQQ - Expense Ratio Comparison
PKB has a 0.60% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
PKB vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PKB's dividend yield for the trailing twelve months is around 0.27%, less than QQQ's 0.61% 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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
PKB vs. QQQ - Drawdown Comparison
The maximum PKB drawdown since its inception was -65.21%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PKB and QQQ. For additional features, visit the drawdowns tool.
Volatility
PKB vs. QQQ - Volatility Comparison
Invesco Dynamic Building & Construction ETF (PKB) has a higher volatility of 7.19% compared to Invesco QQQ (QQQ) at 5.15%. This indicates that PKB's price experiences larger fluctuations and is considered to be riskier than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.