PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
PKW vs. DIVB
Performance
Return for Risk
Drawdowns
Volatility
Dividends

PKW vs. DIVB

Last updated Jun 3, 2026

PKW (Invesco BuyBack Achievers™ ETF) and DIVB (iShares U.S. Dividend and Buyback ETF) are both exchange-traded funds - PKW is a Mid Cap Value Equities fund tracking the NASDAQ US BuyBack Achievers Index, while DIVB is a Large Cap Blend Equities fund tracking the Morningstar US Dividend and Buyback Index. Both are passively managed. Over the past 5 years, PKW returned 10.22%/yr vs 12.47%/yr for DIVB. Their correlation of 0.90 suggests significant overlap in exposure. PKW charges 0.62%/yr vs 0.25%/yr for DIVB.

Performance

PKW vs. DIVB - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BuyBack Achievers™ ETF (PKW) and iShares U.S. Dividend and Buyback ETF (DIVB). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Returns By Period

In the year-to-date period, PKW achieves a 2.82% return, which is significantly lower than DIVB's 18.01% return.

PKW

1D
0.22%
1M
-0.24%
YTD
2.82%
6M
4.68%
1Y
17.61%
3Y*
18.75%
5Y*
10.22%
10Y*
12.85%

DIVB

1D
1.00%
1M
8.21%
YTD
18.01%
6M
20.03%
1Y
31.43%
3Y*
22.30%
5Y*
12.47%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

PKW vs. DIVB - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
PKW
Invesco BuyBack Achievers™ ETF		2.82%17.92%17.33%17.24%-10.21%32.62%8.41%34.09%-10.53%6.37%
DIVB
iShares U.S. Dividend and Buyback ETF		18.01%15.09%18.59%13.27%-10.51%31.29%10.78%32.72%-8.16%5.95%

Correlation

The correlation between PKW and DIVB is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.82

Correlation (3Y)
Calculated over the trailing 3-year period

0.87

Correlation (5Y)
Calculated over the trailing 5-year period

0.91

Correlation (All Time)
Calculated using the full available price history since Nov 10, 2017

0.90

The correlation between PKW and DIVB has been stable across timeframes, ranging from 0.82 to 0.91 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Invesco BuyBack Achievers™ ETF

iShares U.S. Dividend and Buyback ETF

Often compared with PKW:
PKW vs. SPYPKW vs. VOOPKW vs. PBWPKW vs. SYLDPKW vs. IATPKW vs. QQQPKW vs. SCHD
Often compared with DIVB:
DIVB vs. SCHDDIVB vs. DGRODIVB vs. VOODIVB vs. SPDGDIVB vs. CALFDIVB vs. DHSDIVB vs. IAK

Return for Risk

PKW vs. DIVB — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
PKW
PKW Risk / Return Rank: 4040
Overall Rank
PKW Sharpe Ratio Rank: 3737
Sharpe Ratio Rank
PKW Sortino Ratio Rank: 3939
Sortino Ratio Rank
PKW Omega Ratio Rank: 3636
Omega Ratio Rank
PKW Calmar Ratio Rank: 4545
Calmar Ratio Rank
PKW Martin Ratio Rank: 4545
Martin Ratio Rank
DIVB
DIVB Risk / Return Rank: 8383
Overall Rank
DIVB Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DIVB Sortino Ratio Rank: 8686
Sortino Ratio Rank
DIVB Omega Ratio Rank: 8181
Omega Ratio Rank
DIVB Calmar Ratio Rank: 8585
Calmar Ratio Rank
DIVB Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PKW vs. DIVB - Risk-Adjusted Trends 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.

PKWDIVBDifference

Sharpe ratio

Return per unit of total volatility

1.35

2.79

-1.44

Sortino ratio

Return per unit of downside risk

2.00

3.92

-1.91

Omega ratio

Gain probability vs. loss probability

1.24

1.49

-0.26

Calmar ratio

Return relative to maximum drawdown

2.29

4.67

-2.39

Martin ratio

Return relative to average drawdown

7.24

15.96

-8.71

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PKW vs. DIVB - Sharpe Ratio Comparison

The current PKW Sharpe Ratio is 1.35, which is lower than the DIVB Sharpe Ratio of 2.79. The chart below compares the historical Sharpe Ratios of PKW and DIVB, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

PKWDIVBDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.35

2.79

-1.44

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.59

0.82

-0.23

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

0.76

-0.24

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.

Loading charts...

Drawdown Indicators

PKWDIVBDifference

Max Drawdown

Largest peak-to-trough decline

-54.59%

-36.93%

-17.66%

Max Drawdown (1Y)

Largest decline over 1 year

-7.86%

-6.82%

-1.04%

Max Drawdown (3Y)

Largest decline over 3 years

-20.91%

-15.45%

-5.46%

Max Drawdown (5Y)

Largest decline over 5 years

-23.51%

-21.08%

-2.43%

Max Drawdown (10Y)

Largest decline over 10 years

-40.93%

—

—

Current Drawdown

Current decline from peak

-1.78%

0.00%

-1.78%

Average Drawdown

Average peak-to-trough decline

-7.96%

-5.00%

-2.96%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.48%

2.00%

+0.48%

Volatility

PKW vs. DIVB - Volatility Comparison

The current volatility for Invesco BuyBack Achievers™ ETF (PKW) is 3.21%, while iShares U.S. Dividend and Buyback ETF (DIVB) has a volatility of 3.44%. This indicates that PKW experiences smaller price fluctuations and is considered to be less risky than DIVB based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

PKWDIVBDifference

Volatility (1M)

Calculated over the trailing 1-month period

3.21%

3.44%

-0.23%

Volatility (6M)

Calculated over the trailing 6-month period

9.38%

8.43%

+0.95%

Volatility (1Y)

Calculated over the trailing 1-year period

13.13%

11.32%

+1.81%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

17.45%

15.23%

+2.22%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

19.79%

18.38%

+1.41%

PKW vs. DIVB - Expense Ratio Comparison

PKW has a 0.62% expense ratio, which is higher than DIVB's 0.25% expense ratio.

Dividends

PKW vs. DIVB - Dividend Comparison

PKW's dividend yield for the trailing twelve months is around 0.90%, less than DIVB's 2.17% yield.

PositionTTM20252024202320222021202020192018201720162015
DIVB
iShares U.S. Dividend and Buyback ETF		2.17%2.50%2.61%3.18%2.02%1.63%2.08%2.07%2.52%0.37%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 DIVB have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DIVB has higher volatility (3.44%) compared to PKW (3.21%). In terms of maximum drawdown, PKW dropped -54.59% vs DIVB's -36.93%.

On 5-year performance, DIVB leads with 12.47% vs 10.22% for PKW. On fees, DIVB is cheaper at 0.25% per year. On volatility, PKW has been the lower-risk option at 3.21%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, DIVB has performed better with a 12.47% return vs 10.22%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DIVB is cheaper with a 0.25% expense ratio, compared with 0.62% for PKW.

DIVB has the higher dividend yield at 2.17%, compared with 0.90% for PKW.

PKW is categorized as Mid Cap Value Equities, while DIVB is Large Cap Blend Equities. PKW tracks NASDAQ US BuyBack Achievers Index, while DIVB tracks Morningstar US Dividend and Buyback Index. They also come from different issuers: Invesco and iShares. Their fees differ too: 0.62% for PKW and 0.25% for DIVB.

DIVB currently has the higher Sharpe Ratio (2.79 vs 1.35), 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.

Portfolio Optimizer

Find the right allocation for PKW and DIVB

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer