TDV vs. PBD
Compare and contrast key facts about ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Invesco Global Clean Energy ETF (PBD).
TDV and PBD are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. TDV is a passively managed fund by ProShares that tracks the performance of the Zacks 2040 Lifecycle Index. It was launched on Nov 5, 2019. PBD is a passively managed fund by Invesco that tracks the performance of the WilderHill New Energy Global Innovation index. It was launched on Jun 13, 2007. Both TDV and PBD 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: TDV or PBD.
Key characteristics
| TDV | PBD | |
|---|---|---|
| YTD Return | 14.38% | -22.36% |
| 1Y Return | 26.72% | -8.24% |
| 3Y Return (Ann) | 8.17% | -26.10% |
| 5Y Return (Ann) | 16.13% | 0.80% |
| Sharpe Ratio | 1.73 | -0.35 |
| Sortino Ratio | 2.36 | -0.34 |
| Omega Ratio | 1.30 | 0.96 |
| Calmar Ratio | 2.45 | -0.13 |
| Martin Ratio | 8.67 | -0.65 |
| Ulcer Index | 3.43% | 14.05% |
| Daily Std Dev | 17.07% | 25.86% |
| Max Drawdown | -32.78% | -78.60% |
| Current Drawdown | -0.44% | -67.67% |
Correlation
The correlation between TDV and PBD is 0.69, 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
TDV vs. PBD - Performance Comparison
In the year-to-date period, TDV achieves a 14.38% return, which is significantly higher than PBD's -22.36% 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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TDV vs. PBD - Expense Ratio Comparison
TDV has a 0.66% expense ratio, which is lower than PBD's 0.75% expense ratio.
Risk-Adjusted Performance
TDV vs. PBD - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for ProShares S&P Technology Dividend Aristocrats ETF (TDV) and Invesco Global Clean Energy ETF (PBD). 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
TDV vs. PBD - Dividend Comparison
TDV's dividend yield for the trailing twelve months is around 1.14%, less than PBD's 2.94% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
TDV ProShares S&P Technology Dividend Aristocrats ETF | 1.14% | 1.16% | 1.67% | 1.08% | 1.10% | 0.12% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PBD Invesco Global Clean Energy ETF | 2.94% | 2.86% | 2.98% | 0.67% | 0.48% | 1.83% | 1.87% | 1.77% | 2.05% | 1.24% | 1.05% | 0.88% |
Drawdowns
TDV vs. PBD - Drawdown Comparison
The maximum TDV drawdown since its inception was -32.78%, smaller than the maximum PBD drawdown of -78.60%. Use the drawdown chart below to compare losses from any high point for TDV and PBD. For additional features, visit the drawdowns tool.
Volatility
TDV vs. PBD - Volatility Comparison
The current volatility for ProShares S&P Technology Dividend Aristocrats ETF (TDV) is 5.20%, while Invesco Global Clean Energy ETF (PBD) has a volatility of 8.73%. This indicates that TDV experiences smaller price fluctuations and is considered to be less risky than PBD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.