PUI vs. BILT

Last updated Apr 1, 2026

Compare and contrast key facts about Invesco DWA Utilities Momentum ETF (PUI) and iShares Infrastructure Active ETF (BILT).

PUI and BILT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PUI is a passively managed fund by Invesco that tracks the performance of the DWA Utilities Technical Leaders Index. It was launched on Oct 26, 2005. BILT is an actively managed fund by iShares. It was launched on Jul 29, 2025.

Performance

PUI vs. BILT - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco DWA Utilities Momentum ETF (PUI) and iShares Infrastructure Active ETF (BILT). The values are adjusted to include any dividend payments, if applicable.

PUI vs. BILT - Yearly Performance Comparison

	2026 (YTD)	2025
PUI Invesco DWA Utilities Momentum ETF	8.48%	-0.81%
BILT iShares Infrastructure Active ETF	11.38%	3.99%

Returns By Period

In the year-to-date period, PUI achieves a 8.48% return, which is significantly lower than BILT's 11.38% return.

PUI

• 1D: 0.58%
• 1M: -2.41%
• YTD: 8.48%
• 6M: 3.53%
• 1Y: 17.40%
• 3Y*: 14.96%
• 5Y*: 9.66%
• 10Y*: 8.94%

BILT

• 1D: 0.72%
• 1M: -3.01%
• YTD: 11.38%
• 6M: 12.22%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

PUI vs. BILT - Expense Ratio Comparison

Both PUI and BILT have an expense ratio of 0.60%.

PUI

Invesco DWA Utilities Momentum ETF

BILT

iShares Infrastructure Active ETF

Return for Risk

PUI vs. BILT — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PUI

PUI Risk / Return Rank: 56
PUI Sharpe Ratio Rank: 62
PUI Sortino Ratio Rank: 58
PUI Omega Ratio Rank: 53
PUI Calmar Ratio Rank: 67
PUI Martin Ratio Rank: 42

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

PUI vs. BILT - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Utilities Momentum ETF (PUI) and iShares Infrastructure Active ETF (BILT). 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.

	PUI	BILT	Difference
Sharpe ratio Return per unit of total volatility	1.09	—	—
Sortino ratio Return per unit of downside risk	1.48	—	—
Omega ratio Gain probability vs. loss probability	1.20	—	—
Calmar ratio Return relative to maximum drawdown	1.68	—	—
Martin ratio Return relative to average drawdown	3.91	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	PUI	BILT	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.09	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.47	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.46	2.66	-2.20

Correlation

The correlation between PUI and BILT is 0.56, 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.

Dividends

PUI vs. BILT - Dividend Comparison

PUI's dividend yield for the trailing twelve months is around 2.07%, more than BILT's 1.34% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
PUI Invesco DWA Utilities Momentum ETF	2.07%	2.22%	2.06%	2.36%	2.16%	2.03%	2.42%	2.02%	1.87%	2.98%	3.35%	2.82%
BILT iShares Infrastructure Active ETF	1.34%	0.99%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PUI vs. BILT - Drawdown Comparison

The maximum PUI drawdown since its inception was -43.20%, which is greater than BILT's maximum drawdown of -5.38%. Use the drawdown chart below to compare losses from any high point for PUI and BILT.

Drawdown Indicators

	PUI	BILT	Difference
Max Drawdown Largest peak-to-trough decline	-43.20%	-5.38%	-37.82%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.47%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.61%	—	—
Current Drawdown Current decline from peak	-2.59%	-3.01%	+0.42%
Average Drawdown Average peak-to-trough decline	-8.51%	-1.39%	-7.12%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.76%	—	—

Volatility

Volatility by Period

	PUI	BILT	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.90%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	16.12%	9.37%	+6.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.52%	9.37%	+7.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.04%	9.37%	+9.67%