PKW vs. QQQ
Compare and contrast key facts about Invesco BuyBack Achievers™ ETF (PKW) and Invesco QQQ (QQQ).
PKW and QQQ 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. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both PKW and QQQ 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 QQQ.
Performance
PKW vs. QQQ - Performance Comparison
Returns By Period
In the year-to-date period, PKW achieves a 22.25% return, which is significantly lower than QQQ's 23.47% return. Over the past 10 years, PKW has underperformed QQQ with an annualized return of 11.18%, while QQQ has yielded a comparatively higher 18.10% annualized return.
PKW
22.25%
2.24%
15.17%
32.67%
14.06%
11.18%
QQQ
23.47%
1.82%
10.79%
29.73%
20.93%
18.10%
Key characteristics
| PKW | QQQ | |
|---|---|---|
| Sharpe Ratio | 2.76 | 1.80 |
| Sortino Ratio | 3.96 | 2.40 |
| Omega Ratio | 1.49 | 1.32 |
| Calmar Ratio | 5.35 | 2.31 |
| Martin Ratio | 13.31 | 8.39 |
| Ulcer Index | 2.49% | 3.73% |
| Daily Std Dev | 12.00% | 17.41% |
| Max Drawdown | -54.59% | -82.98% |
| Current Drawdown | -2.00% | -2.08% |
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PKW vs. QQQ - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Correlation
The correlation between PKW and QQQ is 0.75, 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. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) and Invesco QQQ (QQQ). 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. QQQ - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.95%, more than QQQ's 0.60% 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% |
QQQ Invesco QQQ | 0.60% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.02% |
Drawdowns
PKW vs. QQQ - Drawdown Comparison
The maximum PKW drawdown since its inception was -54.59%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for PKW and QQQ. For additional features, visit the drawdowns tool.
Volatility
PKW vs. QQQ - Volatility Comparison
The current volatility for Invesco BuyBack Achievers™ ETF (PKW) is 4.64%, while Invesco QQQ (QQQ) has a volatility of 5.66%. This indicates that PKW experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.