PWER vs. PBD
Compare and contrast key facts about Macquarie Energy Transition ETF (PWER) and Invesco Global Clean Energy ETF (PBD).
PWER and PBD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PWER is an actively managed fund by Macquarie. It was launched on Nov 28, 2023. PBD is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation index. It was launched on Jun 13, 2007.
Performance
PWER vs. PBD - Performance Comparison
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PWER vs. PBD - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
PWER Macquarie Energy Transition ETF | 16.14% | 35.28% | -3.50% | 9.72% |
PBD Invesco Global Clean Energy ETF | 12.11% | 43.65% | -26.39% | 10.74% |
Returns By Period
In the year-to-date period, PWER achieves a 16.14% return, which is significantly higher than PBD's 12.11% return.
PWER
- 1D
- -0.17%
- 1M
- 0.58%
- YTD
- 16.14%
- 6M
- 23.78%
- 1Y
- 59.46%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
PBD
- 1D
- -0.17%
- 1M
- 2.91%
- YTD
- 12.11%
- 6M
- 16.28%
- 1Y
- 73.54%
- 3Y*
- -0.41%
- 5Y*
- -9.21%
- 10Y*
- 7.35%
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PWER vs. PBD - Expense Ratio Comparison
PWER has a 0.80% expense ratio, which is higher than PBD's 0.75% expense ratio.
Return for Risk
PWER vs. PBD — Risk / Return Rank
PWER
PBD
PWER vs. PBD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Macquarie Energy Transition ETF (PWER) and Invesco Global Clean Energy ETF (PBD). 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.
| PWER | PBD | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.37 | 2.92 | -0.54 |
Sortino ratioReturn per unit of downside risk | 2.92 | 3.64 | -0.71 |
Omega ratioGain probability vs. loss probability | 1.44 | 1.49 | -0.05 |
Calmar ratioReturn relative to maximum drawdown | 3.55 | 5.48 | -1.93 |
Martin ratioReturn relative to average drawdown | 17.34 | 20.34 | -2.99 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| PWER | PBD | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.92 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | -0.33 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.27 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.03 | -0.01 | +1.05 |
Correlation
The correlation between PWER and PBD is 0.73, 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.
Dividends
PWER vs. PBD - Dividend Comparison
PWER's dividend yield for the trailing twelve months is around 1.18%, less than PBD's 2.01% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PWER Macquarie Energy Transition ETF | 1.18% | 1.37% | 1.05% | 0.06% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBD Invesco Global Clean Energy ETF | 2.01% | 2.71% | 1.81% | 2.85% | 2.98% | 0.67% | 0.48% | 1.83% | 1.86% | 1.76% | 2.04% | 1.24% |
Drawdowns
PWER vs. PBD - Drawdown Comparison
The maximum PWER drawdown since its inception was -29.68%, smaller than the maximum PBD drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for PWER and PBD.
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Drawdown Indicators
| PWER | PBD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.68% | -78.60% | +48.92% |
Max Drawdown (1Y)Largest decline over 1 year | -12.01% | -11.69% | -0.32% |
Max Drawdown (5Y)Largest decline over 5 years | — | -69.26% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -75.40% | — |
Current DrawdownCurrent decline from peak | -2.51% | -50.64% | +48.13% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -53.49% | +46.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.54% | 3.64% | -0.10% |
Volatility
PWER vs. PBD - Volatility Comparison
The current volatility for Macquarie Energy Transition ETF (PWER) is 6.96%, while Invesco Global Clean Energy ETF (PBD) has a volatility of 7.81%. This indicates that PWER experiences smaller price fluctuations and is considered to be less risky than PBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PWER | PBD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.96% | 7.81% | -0.85% |
Volatility (6M)Calculated over the trailing 6-month period | 16.53% | 17.81% | -1.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.19% | 25.35% | -0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 28.41% | -4.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.69% | 27.10% | -3.41% |