PUI vs. SPY
Compare and contrast key facts about Invesco DWA Utilities Momentum ETF (PUI) and SPDR S&P 500 ETF (SPY).
PUI and SPY 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. SPY is a passively managed fund by State Street that tracks the performance of the S&P 500 Index. It was launched on Jan 22, 1993. Both PUI and SPY 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 SPY.
Performance
PUI vs. SPY - Performance Comparison
Returns By Period
In the year-to-date period, PUI achieves a 34.69% return, which is significantly higher than SPY's 26.47% return. Over the past 10 years, PUI has underperformed SPY with an annualized return of 8.81%, while SPY has yielded a comparatively higher 13.14% annualized return.
PUI
34.69%
4.42%
19.58%
38.23%
7.21%
8.81%
SPY
26.47%
3.03%
13.19%
32.65%
15.68%
13.14%
Key characteristics
| PUI | SPY | |
|---|---|---|
| Sharpe Ratio | 2.71 | 2.69 |
| Sortino Ratio | 3.73 | 3.59 |
| Omega Ratio | 1.47 | 1.50 |
| Calmar Ratio | 2.09 | 3.88 |
| Martin Ratio | 15.72 | 17.47 |
| Ulcer Index | 2.43% | 1.87% |
| Daily Std Dev | 14.11% | 12.14% |
| Max Drawdown | -43.20% | -55.19% |
| Current Drawdown | -0.21% | -0.54% |
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PUI vs. SPY - Expense Ratio Comparison
PUI has a 0.60% expense ratio, which is higher than SPY's 0.09% expense ratio.
Correlation
The correlation between PUI and SPY is 0.55, 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.
Risk-Adjusted Performance
PUI vs. SPY - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Utilities Momentum ETF (PUI) and SPDR S&P 500 ETF (SPY). 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. SPY - Dividend Comparison
PUI's dividend yield for the trailing twelve months is around 1.94%, more than SPY's 1.18% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PUI Invesco DWA Utilities Momentum ETF | 1.94% | 2.36% | 2.16% | 2.04% | 2.42% | 2.02% | 1.88% | 2.98% | 3.35% | 2.82% | 2.13% | 2.53% |
SPY SPDR S&P 500 ETF | 1.18% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% | 1.87% | 1.81% |
Drawdowns
PUI vs. SPY - Drawdown Comparison
The maximum PUI drawdown since its inception was -43.20%, smaller than the maximum SPY drawdown of -55.19%. Use the drawdown chart below to compare losses from any high point for PUI and SPY. For additional features, visit the drawdowns tool.
Volatility
PUI vs. SPY - Volatility Comparison
Invesco DWA Utilities Momentum ETF (PUI) has a higher volatility of 4.93% compared to SPDR S&P 500 ETF (SPY) at 3.98%. This indicates that PUI's price experiences larger fluctuations and is considered to be riskier than SPY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.