PUI vs. PAVE
Compare and contrast key facts about Invesco DWA Utilities Momentum ETF (PUI) and Global X US Infrastructure Development ETF (PAVE).
PUI and PAVE 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. PAVE is a passively managed fund by Global X that tracks the performance of the INDXX U.S. Infrastructure Development Index. It was launched on Mar 6, 2017. Both PUI and PAVE 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: PUI or PAVE.
Performance
PUI vs. PAVE - Performance Comparison
Returns By Period
In the year-to-date period, PUI achieves a 32.21% return, which is significantly higher than PAVE's 28.08% return.
PUI
32.21%
2.88%
16.49%
36.71%
6.82%
8.57%
PAVE
28.08%
4.29%
12.74%
42.46%
21.48%
N/A
Key characteristics
| PUI | PAVE | |
|---|---|---|
| Sharpe Ratio | 2.61 | 2.24 |
| Sortino Ratio | 3.59 | 3.12 |
| Omega Ratio | 1.46 | 1.39 |
| Calmar Ratio | 1.99 | 4.87 |
| Martin Ratio | 15.03 | 12.25 |
| Ulcer Index | 2.43% | 3.43% |
| Daily Std Dev | 13.98% | 18.76% |
| Max Drawdown | -43.20% | -44.08% |
| Current Drawdown | 0.00% | -3.14% |
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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.
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.
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.
Dividends
PUI vs. PAVE - Dividend Comparison
PUI's dividend yield for the trailing twelve months is around 1.97%, more than PAVE's 0.54% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUI Invesco DWA Utilities Momentum ETF | 1.97% | 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 | 0.54% | 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.
Volatility
PUI vs. PAVE - Volatility Comparison
The current volatility for Invesco DWA Utilities Momentum ETF (PUI) is 4.60%, while Global X US Infrastructure Development ETF (PAVE) has a volatility of 7.86%. 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.