PKW vs. DIVB
Compare and contrast key facts about Invesco BuyBack Achievers™ ETF (PKW) and iShares U.S. Dividend and Buyback ETF (DIVB).
PKW and DIVB are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PKW is a passively managed fund by Invesco that tracks the performance of the Share BuyBack Achievers Index. It was launched on Dec 20, 2006. DIVB is a passively managed fund by iShares that tracks the performance of the Morningstar US Dividend and Buyback Index. It was launched on Nov 7, 2017. Both PKW and DIVB 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: PKW or DIVB.
Performance
PKW vs. DIVB - Performance Comparison
Returns By Period
The year-to-date returns for both stocks are quite close, with PKW having a 25.03% return and DIVB slightly lower at 24.44%.
PKW
25.03%
5.95%
19.52%
35.82%
14.45%
11.37%
DIVB
24.44%
2.00%
15.91%
34.69%
13.74%
N/A
Key characteristics
| PKW | DIVB | |
|---|---|---|
| Sharpe Ratio | 3.02 | 3.17 |
| Sortino Ratio | 4.31 | 4.50 |
| Omega Ratio | 1.54 | 1.57 |
| Calmar Ratio | 5.89 | 4.47 |
| Martin Ratio | 14.64 | 21.12 |
| Ulcer Index | 2.49% | 1.66% |
| Daily Std Dev | 12.09% | 11.07% |
| Max Drawdown | -54.59% | -36.93% |
| Current Drawdown | 0.00% | -0.15% |
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PKW vs. DIVB - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than DIVB's 0.25% expense ratio.
Correlation
The correlation between PKW and DIVB is 0.91, 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.
Risk-Adjusted Performance
PKW vs. DIVB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) and iShares U.S. Dividend and Buyback ETF (DIVB). 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
PKW vs. DIVB - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.93%, less than DIVB's 2.46% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKW Invesco BuyBack Achievers™ ETF | 0.93% | 1.17% | 1.22% | 0.72% | 1.48% | 1.30% | 1.30% | 0.65% | 1.59% | 1.14% | 1.03% | 0.62% |
DIVB iShares U.S. Dividend and Buyback ETF | 2.46% | 3.18% | 2.02% | 1.63% | 2.08% | 2.07% | 2.51% | 0.37% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
PKW vs. DIVB - Drawdown Comparison
The maximum PKW drawdown since its inception was -54.59%, which is greater than DIVB's maximum drawdown of -36.93%. Use the drawdown chart below to compare losses from any high point for PKW and DIVB. For additional features, visit the drawdowns tool.
Volatility
PKW vs. DIVB - Volatility Comparison
Invesco BuyBack Achievers™ ETF (PKW) has a higher volatility of 4.77% compared to iShares U.S. Dividend and Buyback ETF (DIVB) at 3.98%. This indicates that PKW's price experiences larger fluctuations and is considered to be riskier than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.