Invesco Dorsey Wright Momentum ETF (PDP) belongs to the Momentum category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with PDP. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to PDP
PDP charges 0.62% annually. There are 39 ETFs in the Momentum category with lower expense ratios, going as low as 0.12%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| SPDR S&P 1500 Momentum Tilt ETF | 0.12% | 190.72M | Oct 2012 | PDP vs MMTM | |
| JPMorgan U.S. Momentum Factor ETF | 0.12% | 2.51B | Nov 2017 | PDP vs JMOM | |
| Vanguard U.S. Momentum Factor ETF | 0.13% | 1.70B | Feb 2018 | PDP vs VFMO | |
| Invesco S&P 500 Momentum ETF | 0.13% | 21.99B | Oct 2015 | PDP vs SPMO | |
| SEI Enhanced US Large Cap Momentum Factor ETF | 0.15% | 989.57M | May 2022 | PDP vs SEIM |
Best Risk-Adjusted Alternatives to PDP
PDP has a PortfoliosLab risk / return rank of 59. There are 25 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 87.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 87 | 78.15M | May 2021 | PDP vs QQQA | |
| VictoryShares US Value Momentum ETF | 86 | 265.83M | Oct 2017 | PDP vs ULVM | |
| Invesco DWA Emerging Markets Momentum ETF | 85 | 257.92M | Dec 2007 | PDP vs PIE | |
| Invesco S&P 500 Value with Momentum ETF | 83 | 110.21M | Jun 2011 | PDP vs SPVM | |
| MarketDesk Focused U.S. Momentum ETF | 81 | 170.29M | Mar 2025 | PDP vs FMTM |
Top Performing PDP Alternatives (YTD)
PDP is at 27.87% YTD. There are 9 ETFs in the Momentum category with higher YTD returns, going as high as 69.43%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco Dorsey Wright Technology Momentum ETF | 69.43% | 851.02M | Oct 2006 | PDP vs PTF | |
| ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 66.24% | 9.32M | Feb 2021 | PDP vs MTUL | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 64.24% | 78.15M | May 2021 | PDP vs QQQA | |
| Invesco DWA Industrials Momentum ETF | 45.08% | 472.08M | Oct 2006 | PDP vs PRN | |
| Invesco DWA Emerging Markets Momentum ETF | 38.60% | 257.92M | Dec 2007 | PDP vs PIE |
Lowest Volatility Alternatives to PDP
PDP has 23.02% 1-year volatility. There are 37 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.92%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 10.92% | 265.83M | Oct 2017 | PDP vs ULVM | |
| Cambria Value and Momentum ETF | 11.23% | 104.56M | Sep 2015 | PDP vs VAMO | |
| Invesco S&P 500 Value with Momentum ETF | 11.64% | 110.21M | Jun 2011 | PDP vs SPVM | |
| First Trust Dorsey Wright Momentum & Low Volatilit... | 11.87% | 70.53M | Sep 2018 | PDP vs DVOL | |
| Symmetry Panoramic Sector Momentum ETF | 12.80% | 43.72M | Sep 2025 | PDP vs SMOM |
Lowest Drawdown Alternatives to PDP
PDP has a 1-year max drawdown of -11.87%. There are 27 ETFs in the Momentum category with shallower 1-year drawdowns, going as shallow as -5.55%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| Cambria Value and Momentum ETF | -5.55% | 104.56M | Sep 2015 | PDP vs VAMO | |
| VictoryShares US Value Momentum ETF | -6.47% | 265.83M | Oct 2017 | PDP vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | -6.57% | 110.21M | Jun 2011 | PDP vs SPVM | |
| SPDR Russell 1000 Momentum Focus ETF | -7.37% | 28.67M | Dec 2015 | PDP vs ONEO | |
| JPMorgan U.S. Momentum Factor ETF | -7.87% | 2.51B | Nov 2017 | PDP vs JMOM |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 13 categories. AUM among these funds goes as high as $493B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 59 | 16.45% | 493.17B | Mar 1999 | PDP vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 60 | 16.48% | 101.29B | Oct 2020 | PDP vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500, Equal Weight | 49 | 9.94% | 92.57B | Apr 2003 | PDP vs RSP | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 94 | 90.62% | 3.22B | Jun 2021 | PDP vs SOXQ | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 39 | 1.60% | 10.60B | May 2005 | PDP vs XLG | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Blend Equities | 61 | 16.54% | 21.05B | Dec 2005 | PDP vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | Dividend, S&P 500, Large Cap Value Equities | 30 | 8.20% | 3.27B | Oct 2012 | PDP vs SPHD | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 66 | 22.90% | 8.18B | Mar 2005 | PDP vs XMMO | |
| Invesco Aerospace & Defense ETF | Aerospace & Defense, Industrials Equities | 38 | 9.76% | 8.26B | Oct 2005 | PDP vs PPA | |
| Invesco S&P International Developed Momentum ETF | Momentum, Foreign Large Cap Equities | 45 | 9.69% | 3.93B | Feb 2012 | PDP vs IDMO |
Often Compared With PDP
Investors most often compare PDP with MTUM, SPY, VOO. These 20 comparison targets span 9 categories, based on PortfoliosLab usage data.
Compare PDP with Any Fund or Stock
Compare PDP with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair PDP with funds that move differently
Invesco Dorsey Wright Momentum ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to PDP.
Explore PDP Diversifiers