SHPP vs. PRN
Compare and contrast key facts about Pacer Industrials and Logistics ETF (SHPP) and Invesco DWA Industrials Momentum ETF (PRN).
SHPP and PRN are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. SHPP is a passively managed fund by Pacer that tracks the performance of the Pacer Global Supply Chain Infrastructure Index - Benchmark TR Net. It was launched on Jun 8, 2022. PRN is a passively managed fund by Invesco that tracks the performance of the DWA Industrials Technical Leaders Index. It was launched on Oct 12, 2006. Both SHPP and PRN 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: SHPP or PRN.
Key characteristics
| SHPP | PRN | |
|---|---|---|
| YTD Return | 6.46% | 47.24% |
| 1Y Return | 21.18% | 72.35% |
| Sharpe Ratio | 1.56 | 3.38 |
| Sortino Ratio | 2.19 | 4.23 |
| Omega Ratio | 1.26 | 1.55 |
| Calmar Ratio | 1.59 | 4.67 |
| Martin Ratio | 7.37 | 25.35 |
| Ulcer Index | 2.83% | 2.86% |
| Daily Std Dev | 13.42% | 21.41% |
| Max Drawdown | -21.57% | -59.88% |
| Current Drawdown | -0.64% | 0.00% |
Correlation
The correlation between SHPP and PRN is 0.76, 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
SHPP vs. PRN - Performance Comparison
In the year-to-date period, SHPP achieves a 6.46% return, which is significantly lower than PRN's 47.24% 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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SHPP vs. PRN - Expense Ratio Comparison
SHPP has a 0.61% expense ratio, which is higher than PRN's 0.60% expense ratio.
Risk-Adjusted Performance
SHPP vs. PRN - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Industrials and Logistics ETF (SHPP) and Invesco DWA Industrials Momentum ETF (PRN). 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
SHPP vs. PRN - Dividend Comparison
SHPP's dividend yield for the trailing twelve months is around 2.79%, more than PRN's 0.30% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SHPP Pacer Industrials and Logistics ETF | 2.79% | 2.89% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PRN Invesco DWA Industrials Momentum ETF | 0.30% | 0.52% | 0.82% | 0.11% | 0.10% | 0.41% | 0.29% | 0.60% | 0.57% | 0.44% | 0.35% | 0.35% |
Drawdowns
SHPP vs. PRN - Drawdown Comparison
The maximum SHPP drawdown since its inception was -21.57%, smaller than the maximum PRN drawdown of -59.88%. Use the drawdown chart below to compare losses from any high point for SHPP and PRN. For additional features, visit the drawdowns tool.
Volatility
SHPP vs. PRN - Volatility Comparison
The current volatility for Pacer Industrials and Logistics ETF (SHPP) is 3.48%, while Invesco DWA Industrials Momentum ETF (PRN) has a volatility of 7.83%. This indicates that SHPP experiences smaller price fluctuations and is considered to be less risky than PRN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.