PNQI vs. EUFN
Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and iShares MSCI Europe Financials ETF (EUFN).
PNQI and EUFN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PNQI is a passively managed fund by Invesco that tracks the performance of the NASDAQ Internet Index. It was launched on Jun 12, 2008. EUFN is a passively managed fund by iShares that tracks the performance of the MSCI Europe Financials Index. It was launched on Jan 20, 2010. Both PNQI and EUFN 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: PNQI or EUFN.
Performance
PNQI vs. EUFN - Performance Comparison
Returns By Period
In the year-to-date period, PNQI achieves a 28.47% return, which is significantly higher than EUFN's 16.64% return. Over the past 10 years, PNQI has outperformed EUFN with an annualized return of 12.99%, while EUFN has yielded a comparatively lower 4.28% annualized return.
PNQI
28.47%
4.96%
17.52%
35.30%
11.49%
12.99%
EUFN
16.64%
-2.71%
3.07%
25.25%
9.14%
4.28%
Key characteristics
| PNQI | EUFN | |
|---|---|---|
| Sharpe Ratio | 2.13 | 1.67 |
| Sortino Ratio | 2.77 | 2.21 |
| Omega Ratio | 1.37 | 1.28 |
| Calmar Ratio | 1.05 | 3.08 |
| Martin Ratio | 13.40 | 9.24 |
| Ulcer Index | 2.76% | 2.73% |
| Daily Std Dev | 17.31% | 15.07% |
| Max Drawdown | -59.70% | -53.25% |
| Current Drawdown | -11.65% | -5.44% |
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PNQI vs. EUFN - Expense Ratio Comparison
PNQI has a 0.62% expense ratio, which is higher than EUFN's 0.48% expense ratio.
Correlation
The correlation between PNQI and EUFN is 0.51, 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
PNQI vs. EUFN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) and iShares MSCI Europe Financials ETF (EUFN). 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
PNQI vs. EUFN - Dividend Comparison
PNQI has not paid dividends to shareholders, while EUFN's dividend yield for the trailing twelve months is around 4.62%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNQI Invesco NASDAQ Internet ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% |
EUFN iShares MSCI Europe Financials ETF | 4.62% | 5.00% | 4.23% | 4.15% | 1.38% | 4.55% | 6.48% | 3.04% | 4.03% | 3.65% | 3.35% | 1.59% |
Drawdowns
PNQI vs. EUFN - Drawdown Comparison
The maximum PNQI drawdown since its inception was -59.70%, which is greater than EUFN's maximum drawdown of -53.25%. Use the drawdown chart below to compare losses from any high point for PNQI and EUFN. For additional features, visit the drawdowns tool.
Volatility
PNQI vs. EUFN - Volatility Comparison
Invesco NASDAQ Internet ETF (PNQI) and iShares MSCI Europe Financials ETF (EUFN) have volatilities of 4.48% and 4.69%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.