PKW vs. VOO
Compare and contrast key facts about Invesco BuyBack Achievers™ ETF (PKW) and Vanguard S&P 500 ETF (VOO).
PKW and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PKW and VOO 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 VOO.
Performance
PKW vs. VOO - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with PKW having a 25.03% return and VOO slightly higher at 26.16%. Over the past 10 years, PKW has underperformed VOO with an annualized return of 11.37%, while VOO has yielded a comparatively higher 13.18% annualized return.
PKW
25.03%
5.95%
19.52%
35.82%
14.45%
11.37%
VOO
26.16%
1.77%
13.62%
32.33%
15.68%
13.18%
Key characteristics
| PKW | VOO | |
|---|---|---|
| Sharpe Ratio | 3.02 | 2.70 |
| Sortino Ratio | 4.31 | 3.60 |
| Omega Ratio | 1.54 | 1.50 |
| Calmar Ratio | 5.89 | 3.90 |
| Martin Ratio | 14.64 | 17.65 |
| Ulcer Index | 2.49% | 1.86% |
| Daily Std Dev | 12.09% | 12.19% |
| Max Drawdown | -54.59% | -33.99% |
| Current Drawdown | 0.00% | -0.86% |
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PKW vs. VOO - Expense Ratio Comparison
PKW has a 0.62% expense ratio, which is higher than VOO's 0.03% expense ratio.
Correlation
The correlation between PKW and VOO is 0.88, 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. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco BuyBack Achievers™ ETF (PKW) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PKW's dividend yield for the trailing twelve months is around 0.93%, less than VOO's 1.24% 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% |
VOO Vanguard S&P 500 ETF | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% | 1.84% |
Drawdowns
PKW vs. VOO - Drawdown Comparison
The maximum PKW drawdown since its inception was -54.59%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PKW and VOO. For additional features, visit the drawdowns tool.
Volatility
PKW vs. VOO - Volatility Comparison
Invesco BuyBack Achievers™ ETF (PKW) has a higher volatility of 4.77% compared to Vanguard S&P 500 ETF (VOO) at 3.99%. This indicates that PKW's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.