PSR vs. IYW
Compare and contrast key facts about Invesco Active U.S. Real Estate Fund (PSR) and iShares U.S. Technology ETF (IYW).
PSR and IYW are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PSR is an actively managed fund by Invesco. It was launched on Nov 20, 2008. IYW is a passively managed fund by iShares that tracks the performance of the Dow Jones U.S. Technology Index. It was launched on May 19, 2000.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PSR or IYW.
Key characteristics
| PSR | IYW | |
|---|---|---|
| YTD Return | -9.02% | 7.74% |
| 1Y Return | 0.25% | 45.70% |
| 3Y Return (Ann) | -3.39% | 13.87% |
| 5Y Return (Ann) | 1.32% | 21.65% |
| 10Y Return (Ann) | 5.34% | 20.38% |
| Sharpe Ratio | 0.05 | 2.38 |
| Daily Std Dev | 18.44% | 18.93% |
| Max Drawdown | -42.31% | -81.89% |
| Current Drawdown | -26.58% | -3.24% |
Correlation
The correlation between PSR and IYW is 0.43, 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.
Performance
PSR vs. IYW - Performance Comparison
In the year-to-date period, PSR achieves a -9.02% return, which is significantly lower than IYW's 7.74% return. Over the past 10 years, PSR has underperformed IYW with an annualized return of 5.34%, while IYW has yielded a comparatively higher 20.38% 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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PSR vs. IYW - Expense Ratio Comparison
PSR has a 0.35% expense ratio, which is lower than IYW's 0.42% expense ratio.
Risk-Adjusted Performance
PSR vs. IYW - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Active U.S. Real Estate Fund (PSR) and iShares U.S. Technology ETF (IYW). 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
PSR vs. IYW - Dividend Comparison
PSR's dividend yield for the trailing twelve months is around 3.30%, more than IYW's 0.35% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSR Invesco Active U.S. Real Estate Fund | 3.30% | 2.93% | 2.95% | 2.12% | 3.09% | 2.55% | 2.64% | 0.14% | 3.58% | 2.04% | 1.24% | 1.56% |
IYW iShares U.S. Technology ETF | 0.35% | 0.40% | 0.50% | 0.31% | 0.56% | 0.72% | 0.91% | 0.82% | 1.13% | 1.12% | 1.13% | 1.06% |
Drawdowns
PSR vs. IYW - Drawdown Comparison
The maximum PSR drawdown since its inception was -42.31%, smaller than the maximum IYW drawdown of -81.89%. Use the drawdown chart below to compare losses from any high point for PSR and IYW. For additional features, visit the drawdowns tool.
Volatility
PSR vs. IYW - Volatility Comparison
The current volatility for Invesco Active U.S. Real Estate Fund (PSR) is 5.87%, while iShares U.S. Technology ETF (IYW) has a volatility of 7.20%. This indicates that PSR experiences smaller price fluctuations and is considered to be less risky than IYW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.