PKW vs. SCHD
Compare and contrast key facts about Invesco BuyBack Achievers™ ETF (PKW) and Schwab US Dividend Equity ETF (SCHD).
PKW and SCHD 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. SCHD is a passively managed fund by Charles Schwab that tracks the performance of the Dow Jones U.S. Dividend 100 Index. It was launched on Oct 20, 2011. Both PKW and SCHD 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 SCHD.
Performance
PKW vs. SCHD - Performance Comparison
Returns By Period
In the year-to-date period, PKW achieves a 22.25% return, which is significantly higher than SCHD's 15.97% return. Both investments have delivered pretty close results over the past 10 years, with PKW having a 11.18% annualized return and SCHD not far ahead at 11.38%.
PKW
22.25%
2.24%
15.17%
32.67%
14.06%
11.18%
SCHD
15.97%
-0.59%
10.25%
24.77%
12.66%
11.38%
Key characteristics
| PKW | SCHD | |
|---|---|---|
| Sharpe Ratio | 2.76 | 2.29 |
| Sortino Ratio | 3.96 | 3.31 |
| Omega Ratio | 1.49 | 1.40 |
| Calmar Ratio | 5.35 | 3.38 |
| Martin Ratio | 13.31 | 12.42 |
| Ulcer Index | 2.49% | 2.04% |
| Daily Std Dev | 12.00% | 11.07% |
| Max Drawdown | -54.59% | -33.37% |
| Current Drawdown | -2.00% | -1.78% |
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PKW vs. SCHD - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than SCHD's 0.06% expense ratio.
Correlation
The correlation between PKW and SCHD is 0.89, 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. SCHD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) and Schwab US Dividend Equity ETF (SCHD). 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. SCHD - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.95%, less than SCHD's 3.41% 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% |
SCHD Schwab US Dividend Equity ETF | 3.41% | 3.49% | 3.39% | 2.78% | 3.16% | 2.98% | 3.06% | 2.63% | 2.89% | 2.97% | 2.63% | 2.47% |
Drawdowns
PKW vs. SCHD - Drawdown Comparison
The maximum PKW drawdown since its inception was -54.59%, which is greater than SCHD's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for PKW and SCHD. For additional features, visit the drawdowns tool.
Volatility
PKW vs. SCHD - Volatility Comparison
Invesco BuyBack Achievers™ ETF (PKW) has a higher volatility of 4.64% compared to Schwab US Dividend Equity ETF (SCHD) at 3.42%. This indicates that PKW's price experiences larger fluctuations and is considered to be riskier than SCHD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.