PKW vs. SYLD
Compare and contrast key facts about Invesco BuyBack Achievers™ ETF (PKW) and Cambria Shareholder Yield ETF (SYLD).
PKW and SYLD 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. SYLD is an actively managed fund by Cambria. It was launched on May 14, 2013.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PKW or SYLD.
Performance
PKW vs. SYLD - Performance Comparison
Returns By Period
In the year-to-date period, PKW achieves a 25.87% return, which is significantly higher than SYLD's 13.15% return. Both investments have delivered pretty close results over the past 10 years, with PKW having a 11.47% annualized return and SYLD not far ahead at 11.99%.
PKW
25.87%
7.20%
19.52%
36.73%
14.60%
11.47%
SYLD
13.15%
5.77%
8.13%
23.13%
16.88%
11.99%
Key characteristics
| PKW | SYLD | |
|---|---|---|
| Sharpe Ratio | 3.04 | 1.46 |
| Sortino Ratio | 4.33 | 2.13 |
| Omega Ratio | 1.54 | 1.26 |
| Calmar Ratio | 5.93 | 2.75 |
| Martin Ratio | 14.73 | 6.43 |
| Ulcer Index | 2.49% | 3.60% |
| Daily Std Dev | 12.09% | 15.84% |
| Max Drawdown | -54.59% | -45.36% |
| Current Drawdown | 0.00% | 0.00% |
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PKW vs. SYLD - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than SYLD's 0.59% expense ratio.
Correlation
The correlation between PKW and SYLD is 0.91, 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. SYLD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) and Cambria Shareholder Yield ETF (SYLD). 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. SYLD - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.93%, less than SYLD's 1.74% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PKW Invesco BuyBack Achievers™ ETF | 0.93% | 1.17% | 1.22% | 0.72% | 1.48% | 1.30% | 1.30% | 0.65% | 1.59% | 1.14% | 1.03% | 0.62% |
SYLD Cambria Shareholder Yield ETF | 1.74% | 1.92% | 2.20% | 2.22% | 2.00% | 2.07% | 2.52% | 1.48% | 1.92% | 6.45% | 3.89% | 0.82% |
Drawdowns
PKW vs. SYLD - Drawdown Comparison
The maximum PKW drawdown since its inception was -54.59%, which is greater than SYLD's maximum drawdown of -45.36%. Use the drawdown chart below to compare losses from any high point for PKW and SYLD. For additional features, visit the drawdowns tool.
Volatility
PKW vs. SYLD - Volatility Comparison
The current volatility for Invesco BuyBack Achievers™ ETF (PKW) is 4.79%, while Cambria Shareholder Yield ETF (SYLD) has a volatility of 5.69%. This indicates that PKW experiences smaller price fluctuations and is considered to be less risky than SYLD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.