PYZ vs. VOO
Compare and contrast key facts about Invesco DWA Basic Materials Momentum ETF (PYZ) and Vanguard S&P 500 ETF (VOO).
PYZ and VOO 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. VOO is a passively managed fund by Vanguard that tracks the performance of the S&P 500 Index. It was launched on Sep 7, 2010. Both PYZ and VOO 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 VOO.
Correlation
The correlation between PYZ and VOO is 0.75, 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. VOO - Performance Comparison
Key characteristics
PYZ:
-0.34
VOO:
0.69
PYZ:
-0.34
VOO:
0.99
PYZ:
0.96
VOO:
1.13
PYZ:
-0.40
VOO:
0.95
PYZ:
-0.94
VOO:
3.15
PYZ:
6.70%
VOO:
3.03%
PYZ:
18.78%
VOO:
13.88%
PYZ:
-65.15%
VOO:
-33.99%
PYZ:
-14.08%
VOO:
-7.62%
Returns By Period
In the year-to-date period, PYZ achieves a -0.70% return, which is significantly higher than VOO's -3.36% return. Over the past 10 years, PYZ has underperformed VOO with an annualized return of 5.96%, while VOO has yielded a comparatively higher 12.62% annualized return.
PYZ
-0.70%
-1.18%
-9.18%
-5.76%
18.75%
5.96%
VOO
-3.36%
-3.02%
-0.09%
10.26%
19.78%
12.62%
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PYZ vs. VOO - Expense Ratio Comparison
PYZ has a 0.60% expense ratio, which is higher than VOO's 0.03% expense ratio.
Risk-Adjusted Performance
PYZ vs. VOO — Risk-Adjusted Performance Rank
PYZ
VOO
PYZ vs. VOO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) and Vanguard S&P 500 ETF (VOO). 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. VOO - Dividend Comparison
PYZ's dividend yield for the trailing twelve months is around 1.16%, less than VOO's 1.34% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYZ Invesco DWA Basic Materials Momentum ETF | 1.16% | 1.13% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% | 1.02% |
VOO Vanguard S&P 500 ETF | 1.34% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% | 1.85% |
Drawdowns
PYZ vs. VOO - Drawdown Comparison
The maximum PYZ drawdown since its inception was -65.15%, which is greater than VOO's maximum drawdown of -33.99%. Use the drawdown chart below to compare losses from any high point for PYZ and VOO. For additional features, visit the drawdowns tool.
Volatility
PYZ vs. VOO - Volatility Comparison
Invesco DWA Basic Materials Momentum ETF (PYZ) has a higher volatility of 6.31% compared to Vanguard S&P 500 ETF (VOO) at 5.70%. This indicates that PYZ's price experiences larger fluctuations and is considered to be riskier than VOO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.