PNQI vs. IWY
Compare and contrast key facts about Invesco NASDAQ Internet ETF (PNQI) and iShares Russell Top 200 Growth ETF (IWY).
PNQI and IWY 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. IWY is a passively managed fund by iShares that tracks the performance of the Russell Top 200 Growth Index. It was launched on Sep 22, 2009. Both PNQI and IWY 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 IWY.
Key characteristics
| PNQI | IWY | |
|---|---|---|
| YTD Return | 8.26% | 8.20% |
| 1Y Return | 41.57% | 37.04% |
| 3Y Return (Ann) | -6.76% | 10.45% |
| 5Y Return (Ann) | 6.26% | 18.01% |
| 10Y Return (Ann) | 12.08% | 16.59% |
| Sharpe Ratio | 2.10 | 2.33 |
| Daily Std Dev | 19.38% | 15.54% |
| Max Drawdown | -59.70% | -32.68% |
| Current Drawdown | -25.55% | -3.80% |
Correlation
The correlation between PNQI and IWY is 0.82, 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.
Performance
PNQI vs. IWY - Performance Comparison
The year-to-date returns for both stocks are quite close, with PNQI having a 8.26% return and IWY slightly lower at 8.20%. Over the past 10 years, PNQI has underperformed IWY with an annualized return of 12.08%, while IWY has yielded a comparatively higher 16.59% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PNQI vs. IWY - Expense Ratio Comparison
PNQI has a 0.62% expense ratio, which is higher than IWY's 0.20% expense ratio.
Risk-Adjusted Performance
PNQI vs. IWY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco NASDAQ Internet ETF (PNQI) and iShares Russell Top 200 Growth ETF (IWY). 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. IWY - Dividend Comparison
PNQI has not paid dividends to shareholders, while IWY's dividend yield for the trailing twelve months is around 0.62%.
| 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% |
IWY iShares Russell Top 200 Growth ETF | 0.62% | 0.68% | 0.88% | 0.50% | 0.71% | 1.06% | 1.32% | 1.26% | 1.51% | 1.58% | 1.44% | 1.56% |
Drawdowns
PNQI vs. IWY - Drawdown Comparison
The maximum PNQI drawdown since its inception was -59.70%, which is greater than IWY's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for PNQI and IWY. For additional features, visit the drawdowns tool.
Volatility
PNQI vs. IWY - Volatility Comparison
Invesco NASDAQ Internet ETF (PNQI) has a higher volatility of 6.25% compared to iShares Russell Top 200 Growth ETF (IWY) at 5.56%. This indicates that PNQI's price experiences larger fluctuations and is considered to be riskier than IWY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.