PRN vs. IMCG
Compare and contrast key facts about Invesco DWA Industrials Momentum ETF (PRN) and iShares Morningstar Mid-Cap Growth ETF (IMCG).
PRN and IMCG are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PRN is a passively managed fund by Invesco that tracks the performance of the DWA Industrials Technical Leaders Index. It was launched on Oct 12, 2006. IMCG is a passively managed fund by iShares that tracks the performance of the Morningstar US Mid Cap Broad Growth Index. It was launched on Jun 28, 2004. Both PRN and IMCG 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: PRN or IMCG.
Key characteristics
| PRN | IMCG | |
|---|---|---|
| YTD Return | 46.59% | 22.20% |
| 1Y Return | 67.69% | 39.37% |
| 3Y Return (Ann) | 13.60% | 2.04% |
| 5Y Return (Ann) | 21.38% | 14.11% |
| 10Y Return (Ann) | 14.46% | 12.37% |
| Sharpe Ratio | 3.17 | 2.72 |
| Sortino Ratio | 4.02 | 3.73 |
| Omega Ratio | 1.52 | 1.47 |
| Calmar Ratio | 5.01 | 1.60 |
| Martin Ratio | 23.74 | 14.44 |
| Ulcer Index | 2.86% | 2.72% |
| Daily Std Dev | 21.38% | 14.45% |
| Max Drawdown | -59.88% | -58.96% |
| Current Drawdown | -1.28% | -0.56% |
Correlation
The correlation between PRN and IMCG is 0.84, 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
PRN vs. IMCG - Performance Comparison
In the year-to-date period, PRN achieves a 46.59% return, which is significantly higher than IMCG's 22.20% return. Over the past 10 years, PRN has outperformed IMCG with an annualized return of 14.46%, while IMCG has yielded a comparatively lower 12.37% 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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PRN vs. IMCG - Expense Ratio Comparison
PRN has a 0.60% expense ratio, which is higher than IMCG's 0.06% expense ratio.
Risk-Adjusted Performance
PRN vs. IMCG - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Industrials Momentum ETF (PRN) and iShares Morningstar Mid-Cap Growth ETF (IMCG). 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
PRN vs. IMCG - Dividend Comparison
PRN's dividend yield for the trailing twelve months is around 0.30%, less than IMCG's 0.77% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PRN Invesco DWA Industrials Momentum ETF | 0.30% | 0.52% | 0.82% | 0.11% | 0.10% | 0.41% | 0.29% | 0.60% | 0.57% | 0.44% | 0.35% | 0.35% |
IMCG iShares Morningstar Mid-Cap Growth ETF | 0.77% | 0.85% | 0.91% | 0.41% | 0.09% | 0.30% | 0.35% | 0.45% | 0.52% | 0.38% | 0.60% | 0.36% |
Drawdowns
PRN vs. IMCG - Drawdown Comparison
The maximum PRN drawdown since its inception was -59.88%, roughly equal to the maximum IMCG drawdown of -58.96%. Use the drawdown chart below to compare losses from any high point for PRN and IMCG. For additional features, visit the drawdowns tool.
Volatility
PRN vs. IMCG - Volatility Comparison
Invesco DWA Industrials Momentum ETF (PRN) has a higher volatility of 7.86% compared to iShares Morningstar Mid-Cap Growth ETF (IMCG) at 4.44%. This indicates that PRN's price experiences larger fluctuations and is considered to be riskier than IMCG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.