PKW vs. PBW
Compare and contrast key facts about Invesco BuyBack Achievers™ ETF (PKW) and Invesco WilderHill Clean Energy ETF (PBW).
PKW and PBW 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. PBW is a passively managed fund by Invesco that tracks the performance of the The WilderHill Clean Energy Index (AMEX). It was launched on Mar 3, 2005. Both PKW and PBW 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 PBW.
Performance
PKW vs. PBW - Performance Comparison
Returns By Period
In the year-to-date period, PKW achieves a 22.90% return, which is significantly higher than PBW's -32.86% return. Over the past 10 years, PKW has outperformed PBW with an annualized return of 11.23%, while PBW has yielded a comparatively lower -1.75% annualized return.
PKW
22.90%
3.53%
16.15%
34.18%
14.07%
11.23%
PBW
-32.86%
-2.68%
-12.85%
-23.37%
-6.27%
-1.75%
Key characteristics
| PKW | PBW | |
|---|---|---|
| Sharpe Ratio | 2.78 | -0.65 |
| Sortino Ratio | 3.98 | -0.80 |
| Omega Ratio | 1.49 | 0.92 |
| Calmar Ratio | 5.38 | -0.30 |
| Martin Ratio | 13.38 | -0.91 |
| Ulcer Index | 2.49% | 28.34% |
| Daily Std Dev | 12.00% | 39.72% |
| Max Drawdown | -54.59% | -87.01% |
| Current Drawdown | -1.48% | -84.12% |
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PKW vs. PBW - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than PBW's 0.61% expense ratio.
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.
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.
Dividends
PKW vs. PBW - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.95%, less than PBW's 2.81% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKW Invesco BuyBack Achievers™ ETF | 0.95% | 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 | 2.81% | 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 -54.59%, 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.
Volatility
PKW vs. PBW - Volatility Comparison
The current volatility for Invesco BuyBack Achievers™ ETF (PKW) is 4.59%, while Invesco WilderHill Clean Energy ETF (PBW) has a volatility of 10.39%. 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.