PWZ vs BUG

Comparison between INVESCO CALIFORNIA AMT-FREE MUNICIPAL BOND ETF (PWZ, ETF) and GLOBAL X CYBERSECURITY ETF (BUG, ETF).

5-Year PerformanceBUG has outperformed PWZ, delivering a return of +6.5% compared to +0.1%

PWZ vs BUG - Performance Comparison

Log

Key Characteristics

Financial metrics and valuation ratios

Metric	PWZ(ETF)	BUG(ETF)
Net Assets	$1.20B	$1.20B
Expense Ratio	0.28%	0.50%
Max Drawdown	24.70%	42.96%
Sharpe Ratio	1.13	0.36
5Y Beta	0.11	1.02
P/E Ratio	N/A	-138.50
Forward P/E	N/A	28.80
PEG Ratio	N/A	2.05
5Y Dividends CAGR	6.43%	-24.21%
Debt to Equity	N/A	27.32%
P/S Ratio	N/A	6.74
P/B Ratio	N/A	6.43

Net Assets

PWZ

$1.20B

BUG

$1.20B

Expense Ratio

Winner

PWZ

0.28%

BUG

0.50%

Max Drawdown

Winner

PWZ

24.70%

BUG

42.96%

Sharpe Ratio

Winner

PWZ

1.13

BUG

0.36

5Y Beta

Winner

PWZ

0.11

BUG

1.02

P/E Ratio

PWZ

N/A

BUG

-138.50

Forward P/E

PWZ

N/A

BUG

28.80

PEG Ratio

PWZ

N/A

BUG

2.05

5Y Dividends CAGR

Winner

PWZ

6.43%

BUG

-24.21%

Debt to Equity

PWZ

N/A

BUG

27.32%

P/S Ratio

PWZ

N/A

BUG

6.74

P/B Ratio

PWZ

N/A

BUG

6.43

PWZ vs BUG - Historical Returns

Returns include dividend reinvestment.

Period	PWZ	BUG
1 month	+0.57%	+16.21%
3 months	+1.53%	+62.26%
6 months	+2.34%	+29.97%
1 year	+9.42%	+12.72%
5 years(CAGR)	+0.06%	+6.50%
10 years(CAGR)	+1.77%	N/A
Max(CAGR)	+3.27%	+15.45%

PWZ

+0.57%

Winner

BUG

+16.21%

PWZ

+1.53%

Winner

BUG

+62.26%

PWZ

+2.34%

Winner

BUG

+29.97%

PWZ

+9.42%

Winner

BUG

+12.72%

5Y(CAGR)

PWZ

+0.06%

Winner

BUG

+6.50%

10Y(CAGR)

PWZ

+1.77%

BUG

N/A

Max(CAGR)

PWZ

+3.27%

Winner

BUG

+15.45%

PWZ vs BUG - Annual Returns (2007 - 2026)

Returns include dividend reinvestment.

Year	PWZ	BUG
2026	+2.76%	+33.24%
2025	+1.55%	-5.16%
2024	+2.03%	+12.55%
2023	+6.20%	+41.60%
2022	-11.22%	-32.42%
2021	+1.80%	+15.99%
2020	+4.94%	+68.33%
2019	+8.51%	+6.55%
2018	+0.63%	N/A
2017	+6.56%	N/A
2016	+0.51%	N/A
2015	+3.23%	N/A
2014	+15.24%	N/A
2013	-4.57%	N/A
2012	+8.85%	N/A
2011	+12.31%	N/A
2010	+0.40%	N/A
2009	+14.61%	N/A
2008	-10.62%	N/A
2007	+0.63%	N/A

PWZ vs BUG Drawdown Comparison

The maximum drawdown for PWZ was -21.49%, occurring on Dec 16, 2008. Recovery took 414 trading sessions.

The maximum drawdown for BUG was -41.70%, occurring on Jan 5, 2023. Recovery took 771 trading sessions.

The current PWZ drawdown is -0.63%. The current BUG drawdown is -2.96%.

Rank	PWZ	BUG
#1	-21.49% Jan 15, 2008 - Sep 4, 2009	-41.70% Nov 9, 2021 - Dec 4, 2024
#2	-17.56% Jul 19, 2021 - Jun 24, 2026	-37.69% Jul 9, 2025 - Jun 1, 2026
#3	-13.10% Mar 9, 2020 - Aug 11, 2020	-34.72% Feb 10, 2020 - May 11, 2020
#4	-11.55% Sep 29, 2010 - Aug 4, 2011	-18.71% Feb 18, 2025 - Jun 25, 2025
#5	-11.26% May 2, 2013 - Apr 11, 2014	-16.39% Feb 12, 2021 - Jun 28, 2021
#6	-7.29% Jul 7, 2016 - Aug 30, 2017	-13.59% Jun 1, 2026 - Jul 1, 2026
#7	-4.89% Oct 5, 2009 - Apr 30, 2010	-13.03% Sep 2, 2020 - Dec 8, 2020
#8	-3.28% Feb 2, 2015 - Nov 18, 2015	-10.34% Sep 3, 2021 - Oct 25, 2021
#9	-3.02% Dec 6, 2017 - Dec 28, 2018	-8.46% Dec 4, 2024 - Jan 28, 2025
#10	-2.81% Feb 11, 2021 - Jun 3, 2021	-7.38% Dec 22, 2020 - Feb 2, 2021
#11	-2.24% Aug 11, 2020 - Nov 20, 2020	-6.69% Jun 1, 2020 - Jul 1, 2020
#12	-2.20% Oct 22, 2007 - Jan 8, 2008	-5.67% Aug 5, 2020 - Aug 26, 2020
#13	-2.04% Sep 22, 2011 - Dec 12, 2011	-5.01% May 11, 2020 - May 20, 2020
#14	-1.99% Nov 28, 2012 - May 1, 2013	-4.89% Jul 9, 2020 - Jul 20, 2020
#15	-1.81% Aug 28, 2019 - Jan 6, 2020	-4.68% Nov 25, 2019 - Jan 6, 2020

Correlation

Correlation between PWZ and BUG is 0.37 which considered as a weak positive correlation - the stocks show a slight tendency to move together.

0.37

-101

Dividend Comparison (2007 - 2026)

PWZ vs BUG dividend yield comparison.

Year	PWZ	BUG
2026	1.88%	0.00%
2025	3.41%	0.04%
2024	3.28%	0.10%
2023	2.85%	0.10%
2022	2.49%	1.56%
2021	2.28%	0.66%
2020	2.34%	0.46%
2019	2.51%	0.24%
2018	2.53%	0.00%
2017	2.48%	0.00%
2016	2.86%	0.00%
2015	3.16%	0.00%
2014	3.80%	0.00%
2013	3.97%	0.00%
2012	3.94%	0.00%
2011	4.29%	0.00%
2010	4.74%	0.00%
2009	4.65%	0.00%
2008	4.88%	0.00%
2007	0.94%	0.00%