PWB vs. XLK
Compare and contrast key facts about Invesco Dynamic Large Cap Growth ETF (PWB) and Technology Select Sector SPDR Fund (XLK).
PWB and XLK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWB is a passively managed fund by Invesco that tracks the performance of the Dynamic Large Cap Growth Intellidex Index. It was launched on Mar 3, 2005. XLK is a passively managed fund by State Street that tracks the performance of the Technology Select Sector Index. It was launched on Dec 16, 1998. Both PWB and XLK 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: PWB or XLK.
Correlation
The correlation between PWB and XLK is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
PWB vs. XLK - Performance Comparison
Key characteristics
PWB:
1.98
XLK:
0.98
PWB:
2.65
XLK:
1.40
PWB:
1.36
XLK:
1.19
PWB:
3.15
XLK:
1.28
PWB:
12.51
XLK:
4.39
PWB:
2.53%
XLK:
4.94%
PWB:
15.96%
XLK:
22.10%
PWB:
-52.58%
XLK:
-82.05%
PWB:
-5.39%
XLK:
-3.81%
Returns By Period
In the year-to-date period, PWB achieves a 31.78% return, which is significantly higher than XLK's 21.29% return. Over the past 10 years, PWB has underperformed XLK with an annualized return of 13.85%, while XLK has yielded a comparatively higher 20.28% annualized return.
PWB
31.78%
-0.79%
8.50%
33.44%
15.04%
13.85%
XLK
21.29%
1.22%
0.72%
21.22%
21.76%
20.28%
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PWB vs. XLK - Expense Ratio Comparison
PWB has a 0.56% expense ratio, which is higher than XLK's 0.13% expense ratio.
Risk-Adjusted Performance
PWB vs. XLK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Dynamic Large Cap Growth ETF (PWB) and Technology Select Sector SPDR Fund (XLK). 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
PWB vs. XLK - Dividend Comparison
PWB's dividend yield for the trailing twelve months is around 0.01%, less than XLK's 0.49% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWB Invesco Dynamic Large Cap Growth ETF | 0.01% | 0.37% | 0.31% | 0.03% | 0.21% | 0.58% | 0.97% | 0.54% | 0.82% | 0.67% | 0.43% | 0.42% |
XLK Technology Select Sector SPDR Fund | 0.49% | 0.76% | 1.04% | 0.65% | 0.92% | 1.16% | 1.60% | 1.37% | 1.74% | 1.79% | 1.75% | 1.70% |
Drawdowns
PWB vs. XLK - Drawdown Comparison
The maximum PWB drawdown since its inception was -52.58%, smaller than the maximum XLK drawdown of -82.05%. Use the drawdown chart below to compare losses from any high point for PWB and XLK. For additional features, visit the drawdowns tool.
Volatility
PWB vs. XLK - Volatility Comparison
Invesco Dynamic Large Cap Growth ETF (PWB) and Technology Select Sector SPDR Fund (XLK) have volatilities of 5.32% and 5.20%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.