PYZ vs. EART
PYZ (Invesco DWA Basic Materials Momentum ETF) and EART (Global X Rare Earth & Critical Materials ETF) are both exchange-traded funds - PYZ is a Momentum fund tracking the Dorsey Wright Basic Materials Technical Leaders Index, while EART is a Materials fund tracking the Solactive Rare Earth & Critical Materials Index. Both are passively managed. Over the past 3 years, PYZ returned 18.73%/yr vs 21.75%/yr for EART. A 0.68 correlation means they provide meaningful diversification when combined. PYZ charges 0.60%/yr vs 0.59%/yr for EART.
Performance
PYZ vs. EART - Performance Comparison
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Returns By Period
In the year-to-date period, PYZ achieves a 19.96% return, which is significantly higher than EART's 17.65% return.
PYZ
- 1D
- -1.14%
- 1M
- 3.78%
- YTD
- 19.96%
- 6M
- 23.71%
- 1Y
- 46.27%
- 3Y*
- 18.73%
- 5Y*
- 8.15%
- 10Y*
- 10.47%
EART
- 1D
- -1.81%
- 1M
- 2.78%
- YTD
- 17.65%
- 6M
- 28.34%
- 1Y
- 118.80%
- 3Y*
- 21.75%
- 5Y*
- —
- 10Y*
- —
PYZ vs. EART - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
PYZ Invesco DWA Basic Materials Momentum ETF | 19.96% | 28.01% | 2.54% | 9.56% | -5.10% |
EART Global X Rare Earth & Critical Materials ETF | 17.65% | 98.48% | -7.19% | -19.75% | -16.33% |
Correlation
The correlation between PYZ and EART is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2022 | 0.68 |
The correlation between PYZ and EART has been stable across timeframes, ranging from 0.63 to 0.69 - a consistent structural relationship.
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Return for Risk
PYZ vs. EART — Risk / Return Rank
PYZ
EART
PYZ vs. EART - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) and Global X Rare Earth & Critical Materials ETF (EART). 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.
| PYZ | EART | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.85 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.45 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 4.59 | -1.97 |
| Martin ratioReturn relative to average drawdown | 8.64 | 14.55 | -5.91 |
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
| PYZ | EART | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.82 | 3.15 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.32 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.27 | +0.10 |
Drawdowns
PYZ vs. EART - Drawdown Comparison
The maximum PYZ drawdown since its inception was -65.15%, which is greater than EART's maximum drawdown of -53.68%. Use the drawdown chart below to compare losses from any high point for PYZ and EART.
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Drawdown Indicators
| PYZ | EART | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.15% | -53.68% | -11.47% |
Max Drawdown (1Y)Largest decline over 1 year | -17.75% | -26.03% | +8.28% |
Max Drawdown (3Y)Largest decline over 3 years | -26.74% | -37.20% | +10.46% |
Max Drawdown (5Y)Largest decline over 5 years | -32.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -52.46% | — | — |
Current DrawdownCurrent decline from peak | -1.14% | -10.88% | +9.74% |
Average DrawdownAverage peak-to-trough decline | -12.64% | -29.15% | +16.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.37% | 8.19% | -2.82% |
Volatility
PYZ vs. EART - Volatility Comparison
The current volatility for Invesco DWA Basic Materials Momentum ETF (PYZ) is 7.68%, while Global X Rare Earth & Critical Materials ETF (EART) has a volatility of 11.14%. This indicates that PYZ experiences smaller price fluctuations and is considered to be less risky than EART based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PYZ | EART | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.68% | 11.14% | -3.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.11% | 31.37% | -11.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.57% | 37.95% | -12.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.69% | 33.97% | -8.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.43% | 33.97% | -7.54% |
PYZ vs. EART - Expense Ratio Comparison
PYZ has a 0.60% expense ratio, which is higher than EART's 0.59% expense ratio.
Dividends
PYZ vs. EART - Dividend Comparison
PYZ's dividend yield for the trailing twelve months is around 0.52%, less than EART's 0.55% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EART Global X Rare Earth & Critical Materials ETF | 0.55% | 0.65% | 1.06% | 1.83% | 2.04% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PYZ Invesco DWA Basic Materials Momentum ETF | 0.52% | 0.72% | 1.13% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% |
Frequently Asked Questions
PYZ and EART have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EART has higher volatility (11.14%) compared to PYZ (7.68%). In terms of maximum drawdown, PYZ dropped -65.15% vs EART's -53.68%.
On 3-year performance, EART leads with 21.75% vs 18.73% for PYZ. On fees, EART is cheaper at 0.59% per year. On volatility, PYZ has been the lower-risk option at 7.68%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, EART has performed better with a 21.75% return vs 18.73%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EART is cheaper with a 0.59% expense ratio, compared with 0.60% for PYZ.
EART has the higher dividend yield at 0.55%, compared with 0.52% for PYZ.
PYZ is categorized as Momentum, while EART is Materials. PYZ tracks Dorsey Wright Basic Materials Technical Leaders Index, while EART tracks Solactive Rare Earth & Critical Materials Index. They also come from different issuers: Invesco and Global X. Their fees differ too: 0.60% for PYZ and 0.59% for EART.
EART currently has the higher Sharpe Ratio (3.15 vs 1.82), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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