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PUI vs. PAVE
Performance
Risk-Adjusted Performance
Dividends
Drawdowns
Volatility

Correlation

The correlation between PUI and PAVE is 0.40, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


-0.50.00.51.00.4

Performance

PUI vs. PAVE - Performance Comparison

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

0.00%5.00%10.00%15.00%20.00%JulyAugustSeptemberOctoberNovemberDecember
12.09%
9.76%
PUI
PAVE

Key characteristics

Sharpe Ratio

PUI:

1.87

PAVE:

1.08

Sortino Ratio

PUI:

2.57

PAVE:

1.64

Omega Ratio

PUI:

1.33

PAVE:

1.20

Calmar Ratio

PUI:

1.43

PAVE:

1.81

Martin Ratio

PUI:

9.12

PAVE:

5.37

Ulcer Index

PUI:

2.88%

PAVE:

3.82%

Daily Std Dev

PUI:

14.11%

PAVE:

18.96%

Max Drawdown

PUI:

-43.20%

PAVE:

-44.08%

Current Drawdown

PUI:

-8.33%

PAVE:

-10.60%

Returns By Period

In the year-to-date period, PUI achieves a 24.76% return, which is significantly higher than PAVE's 19.47% return.


PUI

YTD

24.76%

1M

-7.38%

6M

12.09%

1Y

25.50%

5Y*

5.11%

10Y*

7.57%

PAVE

YTD

19.47%

1M

-9.48%

6M

9.76%

1Y

19.87%

5Y*

18.97%

10Y*

N/A

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PUI vs. PAVE - Expense Ratio Comparison

PUI has a 0.60% expense ratio, which is higher than PAVE's 0.47% expense ratio.


PUI
Invesco DWA Utilities Momentum ETF
Expense ratio chart for PUI: current value at 0.60% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.60%
Expense ratio chart for PAVE: current value at 0.47% compared with the broader market ranging from 0.00% to 2.12%.0.50%1.00%1.50%2.00%0.47%

Risk-Adjusted Performance

PUI vs. PAVE - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Utilities Momentum ETF (PUI) and Global X US Infrastructure Development ETF (PAVE). 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.


Sharpe ratio
The chart of Sharpe ratio for PUI, currently valued at 1.87, compared to the broader market0.002.004.001.871.08
The chart of Sortino ratio for PUI, currently valued at 2.57, compared to the broader market-2.000.002.004.006.008.0010.002.571.64
The chart of Omega ratio for PUI, currently valued at 1.33, compared to the broader market0.501.001.502.002.503.001.331.20
The chart of Calmar ratio for PUI, currently valued at 1.43, compared to the broader market0.005.0010.0015.001.431.81
The chart of Martin ratio for PUI, currently valued at 9.12, compared to the broader market0.0020.0040.0060.0080.00100.009.125.37
PUI
PAVE

The current PUI Sharpe Ratio is 1.87, which is higher than the PAVE Sharpe Ratio of 1.08. The chart below compares the historical Sharpe Ratios of PUI and PAVE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


Rolling 12-month Sharpe Ratio0.501.001.502.002.503.00JulyAugustSeptemberOctoberNovemberDecember
1.87
1.08
PUI
PAVE

Dividends

PUI vs. PAVE - Dividend Comparison

PUI's dividend yield for the trailing twelve months is around 2.05%, more than PAVE's 0.57% yield.


TTM20232022202120202019201820172016201520142013
PUI
Invesco DWA Utilities Momentum ETF
2.05%2.36%2.16%2.04%2.42%2.02%1.88%2.98%3.35%2.82%2.13%2.53%
PAVE
Global X US Infrastructure Development ETF
0.57%0.68%0.84%0.48%0.44%0.67%0.78%0.30%0.00%0.00%0.00%0.00%

Drawdowns

PUI vs. PAVE - Drawdown Comparison

The maximum PUI drawdown since its inception was -43.20%, roughly equal to the maximum PAVE drawdown of -44.08%. Use the drawdown chart below to compare losses from any high point for PUI and PAVE. For additional features, visit the drawdowns tool.


-12.00%-10.00%-8.00%-6.00%-4.00%-2.00%0.00%JulyAugustSeptemberOctoberNovemberDecember
-8.33%
-10.60%
PUI
PAVE

Volatility

PUI vs. PAVE - Volatility Comparison

The current volatility for Invesco DWA Utilities Momentum ETF (PUI) is 4.40%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 4.88%. This indicates that PUI experiences smaller price fluctuations and is considered to be less risky than PAVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


2.00%4.00%6.00%8.00%10.00%JulyAugustSeptemberOctoberNovemberDecember
4.40%
4.88%
PUI
PAVE
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Disclaimer

The information contained herein does not constitute investment advice and made available for educational purposes only. Prices and returns on equities are listed without consideration of fees, commissions, taxes, penalties, or interest payable due to purchasing, holding, or selling.

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