PKW vs. ABLD
PKW (Invesco BuyBack Achievers™ ETF) and ABLD (Abacus FCF Real Assets Leaders ETF) are both Mid Cap Value Equities funds - PKW tracks the NASDAQ US BuyBack Achievers Index while ABLD tracks the FCF Yield Enhanced Real Asset Index. Both are passively managed. Over the past 3 years, PKW returned 18.60%/yr vs 12.75%/yr for ABLD. A 0.77 correlation means they provide meaningful diversification when combined. PKW charges 0.62%/yr vs 0.39%/yr for ABLD.
Performance
PKW vs. ABLD - Performance Comparison
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Returns By Period
In the year-to-date period, PKW achieves a 2.43% return, which is significantly lower than ABLD's 8.60% return.
PKW
- 1D
- -0.38%
- 1M
- -0.04%
- YTD
- 2.43%
- 6M
- 3.41%
- 1Y
- 16.01%
- 3Y*
- 18.60%
- 5Y*
- 9.90%
- 10Y*
- 12.81%
ABLD
- 1D
- -0.14%
- 1M
- -2.02%
- YTD
- 8.60%
- 6M
- 8.04%
- 1Y
- 15.09%
- 3Y*
- 12.75%
- 5Y*
- —
- 10Y*
- —
PKW vs. ABLD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
PKW Invesco BuyBack Achievers™ ETF | 2.43% | 17.92% | 17.33% | 17.24% | -10.21% | 3.80% |
ABLD Abacus FCF Real Assets Leaders ETF | 8.60% | 6.64% | 7.05% | 18.89% | 7.42% | 3.86% |
Correlation
The correlation between PKW and ABLD is 0.65, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2021 | 0.77 |
The correlation between PKW and ABLD shifts across timeframes, from 0.65 (1 year) to 0.77 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
PKW vs. ABLD — Risk / Return Rank
PKW
ABLD
PKW vs. ABLD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) and Abacus FCF Real Assets Leaders ETF (ABLD). 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.
| PKW | ABLD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.19 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.05 | 1.30 | +0.74 |
| Martin ratioReturn relative to average drawdown | 6.46 | 4.50 | +1.96 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PKW | ABLD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.03 | +0.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.65 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.52 | 0.68 | -0.16 |
Drawdowns
PKW vs. ABLD - Drawdown Comparison
The maximum PKW drawdown since its inception was -54.59%, which is greater than ABLD's maximum drawdown of -19.35%. Use the drawdown chart below to compare losses from any high point for PKW and ABLD.
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Drawdown Indicators
| PKW | ABLD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -54.59% | -19.35% | -35.24% |
Max Drawdown (1Y)Largest decline over 1 year | -7.86% | -11.64% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -20.91% | -19.35% | -1.56% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -40.93% | — | — |
Current DrawdownCurrent decline from peak | -2.15% | -7.31% | +5.16% |
Average DrawdownAverage peak-to-trough decline | -7.96% | -3.96% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.36% | -0.87% |
Volatility
PKW vs. ABLD - Volatility Comparison
The current volatility for Invesco BuyBack Achievers™ ETF (PKW) is 3.18%, while Abacus FCF Real Assets Leaders ETF (ABLD) has a volatility of 4.52%. This indicates that PKW experiences smaller price fluctuations and is considered to be less risky than ABLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PKW | ABLD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.18% | 4.52% | -1.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.39% | 12.85% | -3.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.14% | 14.70% | -1.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.45% | 17.52% | -0.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 17.52% | +2.26% |
PKW vs. ABLD - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than ABLD's 0.39% expense ratio.
Dividends
PKW vs. ABLD - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.90%, less than ABLD's 4.20% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ABLD Abacus FCF Real Assets Leaders ETF | 4.20% | 2.86% | 10.13% | 4.70% | 8.40% | 0.08% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PKW Invesco BuyBack Achievers™ ETF | 0.90% | 0.99% | 0.86% | 1.17% | 1.22% | 0.72% | 1.48% | 1.30% | 1.30% | 0.65% | 1.59% | 1.14% |
Frequently Asked Questions
PKW and ABLD have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ABLD has higher volatility (4.52%) compared to PKW (3.18%). In terms of maximum drawdown, PKW dropped -54.59% vs ABLD's -19.35%.
On 3-year performance, PKW leads with 18.60% vs 12.75% for ABLD. On fees, ABLD is cheaper at 0.39% per year. On volatility, PKW has been the lower-risk option at 3.18%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PKW has performed better with a 18.60% return vs 12.75%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ABLD is cheaper with a 0.39% expense ratio, compared with 0.62% for PKW.
ABLD has the higher dividend yield at 4.20%, compared with 0.90% for PKW.
PKW tracks NASDAQ US BuyBack Achievers Index, while ABLD tracks FCF Yield Enhanced Real Asset Index. They also come from different issuers: Invesco and Abacus. Their fees differ too: 0.62% for PKW and 0.39% for ABLD.
PKW currently has the higher Sharpe Ratio (1.23 vs 1.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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