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PKW vs. PBW
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PKW and PBW is 0.67, 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.


-0.50.00.51.00.7

Performance

PKW vs. PBW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco BuyBack Achievers™ ETF (PKW) and Invesco WilderHill Clean Energy ETF (PBW). The values are adjusted to include any dividend payments, if applicable.

-10.00%0.00%10.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
13.01%
3.54%
PKW
PBW

Key characteristics

Sharpe Ratio

PKW:

1.61

PBW:

-0.73

Sortino Ratio

PKW:

2.30

PBW:

-0.95

Omega Ratio

PKW:

1.29

PBW:

0.90

Calmar Ratio

PKW:

2.31

PBW:

-0.33

Martin Ratio

PKW:

6.97

PBW:

-0.95

Ulcer Index

PKW:

2.80%

PBW:

29.86%

Daily Std Dev

PKW:

12.10%

PBW:

38.67%

Max Drawdown

PKW:

-54.58%

PBW:

-87.01%

Current Drawdown

PKW:

-6.33%

PBW:

-83.02%

Returns By Period

In the year-to-date period, PKW achieves a 19.30% return, which is significantly higher than PBW's -28.18% return. Over the past 10 years, PKW has outperformed PBW with an annualized return of 10.61%, while PBW has yielded a comparatively lower -0.38% annualized return.


PKW

YTD

19.30%

1M

-5.22%

6M

13.01%

1Y

19.53%

5Y*

12.47%

10Y*

10.61%

PBW

YTD

-28.18%

1M

1.68%

6M

3.56%

1Y

-28.37%

5Y*

-7.28%

10Y*

-0.38%

Compare stocks, funds, or ETFs

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


PKW vs. PBW - Expense Ratio Comparison

PKW has a 0.62% expense ratio, which is higher than PBW's 0.61% expense ratio.


PKW
Invesco BuyBack Achievers™ ETF
Expense ratio chart for PKW: current value at 0.62% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.62%
Expense ratio chart for PBW: current value at 0.61% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.61%

Risk-Adjusted Performance

PKW vs. PBW - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) and Invesco WilderHill Clean Energy ETF (PBW). 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.


Sharpe ratio
The chart of Sharpe ratio for PKW, currently valued at 1.61, compared to the broader market0.002.004.001.61-0.73
The chart of Sortino ratio for PKW, currently valued at 2.30, compared to the broader market-2.000.002.004.006.008.0010.002.30-0.95
The chart of Omega ratio for PKW, currently valued at 1.29, compared to the broader market0.501.001.502.002.503.001.290.90
The chart of Calmar ratio for PKW, currently valued at 2.31, compared to the broader market0.005.0010.0015.002.31-0.33
The chart of Martin ratio for PKW, currently valued at 6.97, compared to the broader market0.0020.0040.0060.0080.00100.006.97-0.95
PKW
PBW

The current PKW Sharpe Ratio is 1.61, which is higher than the PBW Sharpe Ratio of -0.73. The chart below compares the historical Sharpe Ratios of PKW and PBW, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio-1.000.001.002.003.00JulyAugustSeptemberOctoberNovemberDecember
1.61
-0.73
PKW
PBW

Dividends

PKW vs. PBW - Dividend Comparison

PKW's dividend yield for the trailing twelve months is around 0.84%, less than PBW's 2.74% yield.


TTM20232022202120202019201820172016201520142013
PKW
Invesco BuyBack Achievers™ ETF
0.84%1.17%1.22%0.72%1.48%1.30%1.30%0.65%1.59%1.14%1.03%0.62%
PBW
Invesco WilderHill Clean Energy ETF
2.74%3.68%4.21%1.71%0.44%1.45%2.89%1.27%2.69%1.54%2.96%2.18%

Drawdowns

PKW vs. PBW - Drawdown Comparison

The maximum PKW drawdown since its inception was -54.58%, smaller than the maximum PBW drawdown of -87.01%. Use the drawdown chart below to compare losses from any high point for PKW and PBW. For additional features, visit the drawdowns tool.


-80.00%-60.00%-40.00%-20.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-6.33%
-83.02%
PKW
PBW

Volatility

PKW vs. PBW - Volatility Comparison

The current volatility for Invesco BuyBack Achievers™ ETF (PKW) is 4.23%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 10.91%. This indicates that PKW experiences smaller price fluctuations and is considered to be less risky than PBW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%12.00%14.00%JulyAugustSeptemberOctoberNovemberDecember
4.23%
10.91%
PKW
PBW
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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