PYZ vs. XLB
Compare and contrast key facts about Invesco DWA Basic Materials Momentum ETF (PYZ) and Materials Select Sector SPDR ETF (XLB).
PYZ and XLB 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. XLB is a passively managed fund by State Street that tracks the performance of the Materials Select Sector Index. It was launched on Dec 16, 1998. Both PYZ and XLB 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 XLB.
Key characteristics
| PYZ | XLB | |
|---|---|---|
| YTD Return | 7.49% | 7.68% |
| 1Y Return | 17.05% | 19.93% |
| 3Y Return (Ann) | 1.07% | 3.55% |
| 5Y Return (Ann) | 11.43% | 13.46% |
| 10Y Return (Ann) | 6.93% | 8.93% |
| Sharpe Ratio | 0.89 | 1.38 |
| Daily Std Dev | 19.00% | 14.63% |
| Max Drawdown | -65.15% | -59.83% |
| Current Drawdown | -9.31% | -1.38% |
Correlation
The correlation between PYZ and XLB is 0.89, 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. XLB - Performance Comparison
The year-to-date returns for both investments are quite close, with PYZ having a 7.49% return and XLB slightly higher at 7.68%. Over the past 10 years, PYZ has underperformed XLB with an annualized return of 6.93%, while XLB has yielded a comparatively higher 8.93% 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. XLB - Expense Ratio Comparison
PYZ has a 0.60% expense ratio, which is higher than XLB's 0.13% expense ratio.
Risk-Adjusted Performance
PYZ vs. XLB - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) and Materials Select Sector SPDR ETF (XLB). 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. XLB - Dividend Comparison
PYZ's dividend yield for the trailing twelve months is around 1.14%, less than XLB's 1.86% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PYZ Invesco DWA Basic Materials Momentum ETF | 1.14% | 1.19% | 1.18% | 0.33% | 1.04% | 1.38% | 1.20% | 0.53% | 1.07% | 1.25% | 1.02% | 0.96% |
XLB Materials Select Sector SPDR ETF | 1.86% | 2.00% | 2.26% | 1.62% | 1.72% | 1.98% | 2.20% | 1.66% | 1.95% | 2.24% | 1.97% | 2.08% |
Drawdowns
PYZ vs. XLB - Drawdown Comparison
The maximum PYZ drawdown since its inception was -65.15%, which is greater than XLB's maximum drawdown of -59.83%. Use the drawdown chart below to compare losses from any high point for PYZ and XLB. For additional features, visit the drawdowns tool.
Volatility
PYZ vs. XLB - Volatility Comparison
Invesco DWA Basic Materials Momentum ETF (PYZ) and Materials Select Sector SPDR ETF (XLB) have volatilities of 3.38% and 3.42%, 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.