PYZ vs. UYM
Compare and contrast key facts about Invesco DWA Basic Materials Momentum ETF (PYZ) and ProShares Ultra Basic Materials (UYM).
PYZ and UYM are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PYZ is a passively managed fund by Invesco that tracks the performance of the Dynamic Basic Materials Sector Intellidex Index. It was launched on Oct 12, 2006. UYM is a passively managed fund by ProShares that tracks the performance of the Dow Jones U.S. Basic Materials Index (200%). It was launched on Jan 30, 2007. Both PYZ and UYM 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: PYZ or UYM.
Key characteristics
| PYZ | UYM | |
|---|---|---|
| YTD Return | 15.01% | 16.14% |
| 1Y Return | 33.09% | 44.80% |
| 3Y Return (Ann) | 1.95% | 2.51% |
| 5Y Return (Ann) | 10.78% | 14.43% |
| 10Y Return (Ann) | 7.18% | 9.01% |
| Sharpe Ratio | 1.71 | 1.58 |
| Sortino Ratio | 2.40 | 2.11 |
| Omega Ratio | 1.30 | 1.26 |
| Calmar Ratio | 1.19 | 1.24 |
| Martin Ratio | 8.33 | 6.78 |
| Ulcer Index | 3.87% | 6.27% |
| Daily Std Dev | 18.89% | 26.99% |
| Max Drawdown | -65.15% | -92.77% |
| Current Drawdown | -2.96% | -6.97% |
Correlation
The correlation between PYZ and UYM is 0.90, 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
PYZ vs. UYM - Performance Comparison
In the year-to-date period, PYZ achieves a 15.01% return, which is significantly lower than UYM's 16.14% return. Over the past 10 years, PYZ has underperformed UYM with an annualized return of 7.18%, while UYM has yielded a comparatively higher 9.01% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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PYZ vs. UYM - Expense Ratio Comparison
PYZ has a 0.60% expense ratio, which is lower than UYM's 0.95% expense ratio.
Risk-Adjusted Performance
PYZ vs. UYM - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) and ProShares Ultra Basic Materials (UYM). 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
PYZ vs. UYM - Dividend Comparison
PYZ's dividend yield for the trailing twelve months is around 1.17%, more than UYM's 0.72% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYZ Invesco DWA Basic Materials Momentum ETF | 1.17% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% | 1.02% | 0.95% |
UYM ProShares Ultra Basic Materials | 0.72% | 0.28% | 0.87% | 0.52% | 0.56% | 1.24% | 0.94% | 0.38% | 0.55% | 0.42% | 0.42% | 4.20% |
Drawdowns
PYZ vs. UYM - Drawdown Comparison
The maximum PYZ drawdown since its inception was -65.15%, smaller than the maximum UYM drawdown of -92.77%. Use the drawdown chart below to compare losses from any high point for PYZ and UYM. For additional features, visit the drawdowns tool.
Volatility
PYZ vs. UYM - Volatility Comparison
The current volatility for Invesco DWA Basic Materials Momentum ETF (PYZ) is 5.10%, while ProShares Ultra Basic Materials (UYM) has a volatility of 7.07%. This indicates that PYZ experiences smaller price fluctuations and is considered to be less risky than UYM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.