PYZ vs. ^GSPC
Compare and contrast key facts about Invesco DWA Basic Materials Momentum ETF (PYZ) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PYZ or ^GSPC.
Correlation
The correlation between PYZ and ^GSPC is 0.77, 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. ^GSPC - Performance Comparison
Key characteristics
PYZ:
-0.12
^GSPC:
0.67
PYZ:
-0.00
^GSPC:
1.05
PYZ:
1.00
^GSPC:
1.16
PYZ:
-0.10
^GSPC:
0.68
PYZ:
-0.32
^GSPC:
2.70
PYZ:
8.64%
^GSPC:
4.78%
PYZ:
23.56%
^GSPC:
19.41%
PYZ:
-65.15%
^GSPC:
-56.78%
PYZ:
-15.90%
^GSPC:
-7.45%
Returns By Period
In the year-to-date period, PYZ achieves a -2.80% return, which is significantly higher than ^GSPC's -3.31% return. Over the past 10 years, PYZ has underperformed ^GSPC with an annualized return of 5.78%, while ^GSPC has yielded a comparatively higher 10.56% annualized return.
PYZ
-2.80%
-2.12%
-9.43%
-4.08%
13.26%
5.78%
^GSPC
-3.31%
0.28%
-0.74%
12.29%
15.01%
10.56%
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Risk-Adjusted Performance
PYZ vs. ^GSPC — Risk-Adjusted Performance Rank
PYZ
^GSPC
PYZ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco DWA Basic Materials Momentum ETF (PYZ) and S&P 500 (^GSPC). 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.
Drawdowns
PYZ vs. ^GSPC - Drawdown Comparison
The maximum PYZ drawdown since its inception was -65.15%, which is greater than ^GSPC's maximum drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for PYZ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
PYZ vs. ^GSPC - Volatility Comparison
Invesco DWA Basic Materials Momentum ETF (PYZ) has a higher volatility of 14.98% compared to S&P 500 (^GSPC) at 14.17%. This indicates that PYZ's price experiences larger fluctuations and is considered to be riskier than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.