PZA.TO vs. FIE.TO
Compare and contrast key facts about Pizza Pizza Royalty Corp. (PZA.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO).
FIE.TO is a passively managed fund by iShares that tracks the performance of the Morningstar Can Equity Tgt Alloc NR CAD. It was launched on Apr 16, 2010.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PZA.TO or FIE.TO.
Correlation
The correlation between PZA.TO and FIE.TO is 0.56, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PZA.TO vs. FIE.TO - Performance Comparison
Key characteristics
PZA.TO:
-0.11
FIE.TO:
3.62
PZA.TO:
-0.08
FIE.TO:
4.93
PZA.TO:
0.99
FIE.TO:
1.74
PZA.TO:
-0.10
FIE.TO:
4.15
PZA.TO:
-0.25
FIE.TO:
21.41
PZA.TO:
5.26%
FIE.TO:
1.24%
PZA.TO:
11.75%
FIE.TO:
7.38%
PZA.TO:
-61.75%
FIE.TO:
-42.24%
PZA.TO:
-4.57%
FIE.TO:
-0.12%
Returns By Period
In the year-to-date period, PZA.TO achieves a 2.47% return, which is significantly higher than FIE.TO's 1.70% return. Over the past 10 years, PZA.TO has underperformed FIE.TO with an annualized return of 5.30%, while FIE.TO has yielded a comparatively higher 8.61% annualized return.
PZA.TO
2.47%
4.72%
6.86%
-0.65%
13.92%
5.30%
FIE.TO
1.70%
1.21%
15.69%
26.65%
9.30%
8.61%
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Risk-Adjusted Performance
PZA.TO vs. FIE.TO — Risk-Adjusted Performance Rank
PZA.TO
FIE.TO
PZA.TO vs. FIE.TO - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pizza Pizza Royalty Corp. (PZA.TO) and iShares Canadian Financial Monthly Income ETF (FIE.TO). 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
PZA.TO vs. FIE.TO - Dividend Comparison
PZA.TO's dividend yield for the trailing twelve months is around 7.25%, more than FIE.TO's 5.76% yield.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PZA.TO Pizza Pizza Royalty Corp. | 7.25% | 7.38% | 6.18% | 5.85% | 5.70% | 7.33% | 8.76% | 9.56% | 5.28% | 4.80% | 5.97% | 5.72% |
FIE.TO iShares Canadian Financial Monthly Income ETF | 5.76% | 5.83% | 6.98% | 7.31% | 5.85% | 7.01% | 6.56% | 7.29% | 6.20% | 6.51% | 7.33% | 6.49% |
Drawdowns
PZA.TO vs. FIE.TO - Drawdown Comparison
The maximum PZA.TO drawdown since its inception was -61.75%, which is greater than FIE.TO's maximum drawdown of -42.24%. Use the drawdown chart below to compare losses from any high point for PZA.TO and FIE.TO. For additional features, visit the drawdowns tool.
Volatility
PZA.TO vs. FIE.TO - Volatility Comparison
Pizza Pizza Royalty Corp. (PZA.TO) has a higher volatility of 4.60% compared to iShares Canadian Financial Monthly Income ETF (FIE.TO) at 2.39%. This indicates that PZA.TO's price experiences larger fluctuations and is considered to be riskier than FIE.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.