PKB vs. VNQ
Compare and contrast key facts about Invesco Dynamic Building & Construction ETF (PKB) and Vanguard Real Estate ETF (VNQ).
PKB and VNQ 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. VNQ is a passively managed fund by Vanguard that tracks the performance of the MSCI US REIT Index. It was launched on Sep 23, 2004. Both PKB and VNQ 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 VNQ.
Performance
PKB vs. VNQ - Performance Comparison
Returns By Period
In the year-to-date period, PKB achieves a 31.56% return, which is significantly higher than VNQ's 9.31% return. Over the past 10 years, PKB has outperformed VNQ with an annualized return of 14.73%, while VNQ has yielded a comparatively lower 5.90% annualized return.
PKB
31.56%
0.07%
14.55%
50.98%
20.05%
14.73%
VNQ
9.31%
-3.85%
12.81%
23.49%
4.13%
5.90%
Key characteristics
| PKB | VNQ | |
|---|---|---|
| Sharpe Ratio | 2.15 | 1.43 |
| Sortino Ratio | 2.85 | 2.03 |
| Omega Ratio | 1.36 | 1.25 |
| Calmar Ratio | 4.37 | 0.86 |
| Martin Ratio | 10.78 | 5.17 |
| Ulcer Index | 4.70% | 4.49% |
| Daily Std Dev | 23.52% | 16.22% |
| Max Drawdown | -65.21% | -73.07% |
| Current Drawdown | -4.04% | -9.83% |
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PKB vs. VNQ - Expense Ratio Comparison
PKB has a 0.60% expense ratio, which is higher than VNQ's 0.12% expense ratio.
Correlation
The correlation between PKB and VNQ is 0.62, 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.
Risk-Adjusted Performance
PKB vs. VNQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Building & Construction ETF (PKB) and Vanguard Real Estate ETF (VNQ). 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. VNQ - Dividend Comparison
PKB's dividend yield for the trailing twelve months is around 0.22%, less than VNQ's 3.89% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKB Invesco Dynamic Building & Construction ETF | 0.22% | 0.33% | 0.43% | 0.25% | 0.30% | 0.37% | 0.54% | 0.17% | 0.31% | 0.11% | 0.10% | 0.00% |
VNQ Vanguard Real Estate ETF | 3.89% | 3.95% | 3.91% | 2.56% | 3.93% | 3.39% | 4.74% | 4.23% | 4.82% | 3.92% | 3.60% | 4.32% |
Drawdowns
PKB vs. VNQ - Drawdown Comparison
The maximum PKB drawdown since its inception was -65.21%, smaller than the maximum VNQ drawdown of -73.07%. Use the drawdown chart below to compare losses from any high point for PKB and VNQ. For additional features, visit the drawdowns tool.
Volatility
PKB vs. VNQ - Volatility Comparison
Invesco Dynamic Building & Construction ETF (PKB) has a higher volatility of 7.41% compared to Vanguard Real Estate ETF (VNQ) at 5.12%. This indicates that PKB's price experiences larger fluctuations and is considered to be riskier than VNQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.