PNW vs. VTV
PNW (Pinnacle West Capital Corporation) is a stock, while VTV (Vanguard Value ETF) is Large Cap Value Equities fund tracking the CRSP US Large Cap Value Index. Over the past 10 years, PNW returned 6.55%/yr vs 12.57%/yr for VTV. Their 0.47 correlation means their historical movements had little consistent relationship.
Performance
PNW vs. VTV - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with PNW having a 15.99% return and VTV slightly higher at 16.37%. Over the past 10 years, PNW has underperformed VTV with an annualized return of 6.55%, while VTV has yielded a comparatively higher 12.57% annualized return.
PNW
- 1D
- -0.33%
- 1M
- -7.66%
- 6M
- 9.97%
- YTD
- 15.99%
- 1Y
- 14.64%
- 3Y*
- 11.28%
- 5Y*
- 8.31%
- 10Y*
- 6.55%
- ALL TIME*
- 8.46%
VTV
- 1D
- -0.27%
- 1M
- 0.36%
- 6M
- 11.27%
- YTD
- 16.37%
- 1Y
- 27.94%
- 3Y*
- 17.12%
- 5Y*
- 12.29%
- 10Y*
- 12.57%
- ALL TIME*
- 9.67%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $151.02M | $128.39M | $131.31M | |
| $688.19M | $688.42M | $619.05M |
PNW vs. VTV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PNW Pinnacle West Capital Corporation | 15.99% | 8.92% | 23.46% | -1.18% | 13.01% | -7.78% | -7.68% | 9.06% | 3.58% | 12.67% |
VTV Vanguard Value ETF | 16.37% | 15.27% | 15.95% | 9.32% | -2.09% | 26.53% | 2.33% | 25.66% | -5.47% | 17.15% |
Correlation
The correlation between PNW and VTV is 0.25, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.25 |
Correlation (3Y) Balances recent behavior with more history. | 0.37 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.42 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.37 |
Correlation (All Time) Calculated using the full available price history since Jan 30, 2004 | 0.47 |
Over the past year, the correlation between PNW and VTV has dropped to 0.25 - well below their long-term average of 0.47, suggesting their price drivers have been diverging.
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Return for Risk
PNW vs. VTV — Risk / Return Rank
PNW
VTV
PNW vs. VTV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pinnacle West Capital Corporation (PNW) and Vanguard Value ETF (VTV). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PNW | VTV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.67 | ||
| Sortino ratioReturn per unit of downside risk | -2.28 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.47 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 1.89 | 4.24 | -2.36 |
| Martin ratioReturn relative to average drawdown | 4.47 | 16.42 | -11.95 |
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Drawdowns
PNW vs. VTV - Drawdown Comparison
The maximum PNW drawdown since its inception was -79.18%, which is greater than VTV's maximum drawdown of -59.27%. Use the drawdown chart below to compare losses from any high point for PNW and VTV.
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Drawdown Indicators
| PNW | VTV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -79.18% | -59.27% | -19.91% |
Max Drawdown (1Y)Largest decline over 1 year | -8.43% | -6.35% | -2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -14.42% | -14.52% | +0.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.02% | -17.04% | -6.98% |
Max Drawdown (10Y)Largest decline over 10 years | -39.28% | -36.78% | -2.50% |
Current DrawdownCurrent decline from peak | -7.66% | -1.36% | -6.30% |
Average DrawdownAverage peak-to-trough decline | -14.55% | -7.82% | -6.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.56% | 1.64% | +1.92% |
Volatility
PNW vs. VTV - Volatility Comparison
Pinnacle West Capital Corporation (PNW) has a higher volatility of 6.57% compared to Vanguard Value ETF (VTV) at 2.62%. This indicates that PNW's price experiences larger fluctuations and is considered to be riskier than VTV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PNW | VTV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.57% | 2.62% | +3.95% |
Volatility (6M)Calculated over the trailing 6-month period | 12.99% | 7.72% | +5.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.82% | 10.36% | +6.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 13.82% | +6.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.70% | 16.61% | +6.09% |
Dividends
PNW vs. VTV - Dividend Comparison
PNW's dividend yield for the trailing twelve months is around 3.59%, more than VTV's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PNW Pinnacle West Capital Corporation | 2.70% | 4.05% | 4.17% | 4.84% | 4.49% | 4.73% | 3.97% | 3.33% | 3.31% | 3.12% | 3.24% | 3.74% |
VTV Vanguard Value ETF | 1.86% | 2.05% | 2.31% | 2.46% | 2.52% | 2.15% | 2.56% | 2.50% | 2.73% | 2.29% | 2.44% | 2.60% |
Frequently Asked Questions
PNW and VTV have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PNW has higher volatility (6.57%) compared to VTV (2.62%). In terms of maximum drawdown, PNW dropped -79.18% vs VTV's -59.27%.
VTV currently has the higher Sharpe Ratio (2.62 vs 0.95), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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