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 | |
|---|---|---|---|---|---|
| JPMorgan U.S. Momentum Factor ETF | 0.12% | 2.40B | Nov 2017 | PDP vs JMOM | |
| SPDR S&P 1500 Momentum Tilt ETF | 0.12% | 170.15M | Oct 2012 | PDP vs MMTM | |
| Invesco S&P 500 Momentum ETF | 0.13% | 19.93B | Oct 2015 | PDP vs SPMO | |
| Vanguard U.S. Momentum Factor ETF | 0.13% | 1.60B | Feb 2018 | PDP vs VFMO | |
| iShares MSCI USA Momentum Factor ETF | 0.15% | 26.66B | Apr 2013 | PDP vs MTUM |
Best Risk-Adjusted Alternatives to PDP
PDP has a PortfoliosLab risk / return rank of 53. There are 29 ETFs in the Momentum category with higher risk-adjusted ranks, going as high as 90.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DWA Emerging Markets Momentum ETF | 90 | 237.62M | Dec 2007 | PDP vs PIE | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 90 | 45.43M | May 2021 | PDP vs QQQA | |
| VictoryShares US Value Momentum ETF | 83 | 254.71M | Oct 2017 | PDP vs ULVM | |
| MarketDesk Focused U.S. Momentum ETF | 82 | 33.97M | Mar 2025 | PDP vs FMTM | |
| Invesco DWA Technology Momentum ETF | 82 | 729.40M | Oct 2006 | PDP vs PTF |
Top Performing PDP Alternatives (YTD)
PDP is at 24.95% YTD. There are 12 ETFs in the Momentum category with higher YTD returns, going as high as 77.58%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Invesco DWA Technology Momentum ETF | 77.58% | 729.40M | Oct 2006 | PDP vs PTF | |
| ProShares Nasdaq-100 Dorsey Wright Momentum ETF | 65.37% | 45.43M | May 2021 | PDP vs QQQA | |
| ETRACS 2x Leveraged MSCI US Momentum Factor TR ETN | 60.22% | 8.69M | Feb 2021 | PDP vs MTUL | |
| Invesco DWA Industrials Momentum ETF | 41.80% | 449.53M | Oct 2006 | PDP vs PRN | |
| Invesco S&P Emerging Markets Momentum ETF | 40.25% | 15.51M | Feb 2012 | PDP vs EEMO |
Lowest Volatility Alternatives to PDP
PDP has 21.94% 1-year volatility. There are 39 ETFs in the Momentum category with lower 1-year volatility, going as low as 10.74%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| VictoryShares US Value Momentum ETF | 10.74% | 254.71M | Oct 2017 | PDP vs ULVM | |
| Cambria Value and Momentum ETF | 11.19% | 48.34M | Sep 2015 | PDP vs VAMO | |
| Invesco S&P 500 Value with Momentum ETF | 11.63% | 120.88M | Jun 2011 | PDP vs SPVM | |
| First Trust Dorsey Wright Momentum & Low Volatilit... | 11.79% | 73.23M | Sep 2018 | PDP vs DVOL | |
| Symmetry Panoramic Sector Momentum ETF | 12.62% | 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% | 48.34M | Sep 2015 | PDP vs VAMO | |
| VictoryShares US Value Momentum ETF | -6.47% | 254.71M | Oct 2017 | PDP vs ULVM | |
| Invesco S&P 500 Value with Momentum ETF | -6.57% | 120.88M | Jun 2011 | PDP vs SPVM | |
| SPDR Russell 1000 Momentum Focus ETF | -7.37% | 28.31M | Dec 2015 | PDP vs ONEO | |
| JPMorgan U.S. Momentum Factor ETF | -7.87% | 2.40B | Nov 2017 | PDP vs JMOM |
Other ETFs from Invesco
The 10 most viewed Invesco ETFs shown here include QQQ, QQQM, RSP and span 11 categories. AUM among these funds goes as high as $494B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Invesco QQQ ETF | Nasdaq-100 | 73 | 21.30% | 493.99B | Mar 1999 | PDP vs QQQ | |
| Invesco NASDAQ 100 ETF | Nasdaq-100 | 74 | 21.39% | 96.91B | Oct 2020 | PDP vs QQQM | |
| Invesco S&P 500 Equal Weight ETF | S&P 500 | 49 | 9.70% | 89.51B | Apr 2003 | PDP vs RSP | |
| Invesco S&P 500 Top 50 ETF | S&P 500 | 56 | 7.57% | 11.15B | May 2005 | PDP vs XLG | |
| Invesco PHLX Semiconductor ETF | Semiconductors, Technology Equities | 96 | 96.72% | 2.41B | Jun 2021 | PDP vs SOXQ | |
| Invesco S&P 500 Quality ETF | S&P 500, Large Cap Value Equities | 54 | 15.48% | 18.88B | Dec 2005 | PDP vs SPHQ | |
| Invesco S&P 500® High Dividend Low Volatility ETF | S&P 500, Dividend | 21 | 4.38% | 3.23B | Oct 2012 | PDP vs SPHD | |
| Invesco Aerospace & Defense ETF | Industrials Equities, Aerospace & Defense | 37 | 8.54% | 8.37B | Oct 2005 | PDP vs PPA | |
| Invesco S&P MidCap Momentum ETF | Momentum, Mid Cap Growth Equities | 67 | 23.73% | 7.49B | Mar 2005 | PDP vs XMMO | |
| Invesco S&P International Developed Momentum ETF | Momentum, Global Equities | 40 | 7.74% | 3.81B | Feb 2012 | PDP vs IDMO |
Often Compared With PDP
Investors most often compare PDP with SPY, VOO, BBUS. These 20 comparison targets span 10 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