BBHM vs. PDP

Last updated Jun 3, 2026

BBHM (BBH Select Mid Cap ETF) and PDP (Invesco Dorsey Wright Momentum ETF) are both exchange-traded funds - BBHM is a Mid Cap Growth Equities fund tracking the Actively Managed, while PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index. Both are passively managed. A 0.68 correlation means they provide meaningful diversification when combined. BBHM charges 0.81%/yr vs 0.62%/yr for PDP.

Performance

BBHM vs. PDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in BBH Select Mid Cap ETF (BBHM) and Invesco Dorsey Wright Momentum ETF (PDP). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, BBHM achieves a 2.14% return, which is significantly lower than PDP's 24.25% return.

BBHM

• 1D: 0.28%
• 1M: -2.79%
• YTD: 2.14%
• 6M: 0.95%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PDP

• 1D: 1.79%
• 1M: 5.69%
• YTD: 24.25%
• 6M: 24.30%
• 1Y: 36.64%
• 3Y*: 24.21%
• 5Y*: 11.39%
• 10Y*: 13.54%

*Multi-year figures are annualized to reflect compound growth (CAGR)

BBHM vs. PDP - Yearly Performance Comparison

	2026 (YTD)	2025
BBHM BBH Select Mid Cap ETF	2.14%	2.74%
PDP Invesco Dorsey Wright Momentum ETF	24.25%	4.28%

Correlation

The correlation between BBHM and PDP is 0.68, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (All Time) Calculated using the full available price history since Nov 18, 2025	0.68

Return for Risk

BBHM vs. PDP — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

PDP

PDP Risk / Return Rank: 53
PDP Sharpe Ratio Rank: 48
PDP Sortino Ratio Rank: 45
PDP Omega Ratio Rank: 46
PDP Calmar Ratio Rank: 63
PDP Martin Ratio Rank: 61

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

BBHM vs. PDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for BBH Select Mid Cap ETF (BBHM) and Invesco Dorsey Wright Momentum ETF (PDP). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	BBHM	PDP	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.68	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.52	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.54	0.45	+0.09

Drawdowns

BBHM vs. PDP - Drawdown Comparison

The maximum BBHM drawdown since its inception was -9.78%, smaller than the maximum PDP drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for BBHM and PDP.

Drawdown Indicators

	BBHM	PDP	Difference
Max Drawdown Largest peak-to-trough decline	-9.78%	-59.34%	+49.56%
Max Drawdown (1Y) Largest decline over 1 year	—	-11.87%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-23.79%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.91%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-34.70%	—
Current Drawdown Current decline from peak	-4.95%	0.00%	-4.95%
Average Drawdown Average peak-to-trough decline	-2.69%	-10.61%	+7.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	3.34%	—

Volatility

Volatility by Period

	BBHM	PDP	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.50%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.42%	—
Volatility (1Y) Calculated over the trailing 1-year period	17.52%	21.94%	-4.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.52%	22.00%	-4.48%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.52%	21.59%	-4.07%

BBHM vs. PDP - Expense Ratio Comparison

BBHM has a 0.81% expense ratio, which is higher than PDP's 0.62% expense ratio.

Dividends

BBHM vs. PDP - Dividend Comparison

BBHM has not paid dividends to shareholders, while PDP's dividend yield for the trailing twelve months is around 0.11%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBHM BBH Select Mid Cap ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
PDP Invesco Dorsey Wright Momentum ETF	0.11%	0.17%	0.15%	0.42%	0.45%	0.00%	0.11%	0.25%	0.18%	0.28%	0.81%	0.39%

Frequently Asked Questions

Can I hold both BBHM and PDP in my portfolio?

BBHM and PDP have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, BBHM or PDP?

On fees, PDP is cheaper at 0.62% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, BBHM or PDP?

PDP is cheaper with a 0.62% expense ratio, compared with 0.81% for BBHM.

Which ETF pays a higher dividend yield, BBHM or PDP?

PDP has the higher dividend yield at 0.11%, compared with 0.00% for BBHM.

What is the main difference between BBHM and PDP?

BBHM is categorized as Mid Cap Growth Equities, while PDP is Momentum. BBHM tracks Actively Managed, while PDP tracks Dorsey Wright Technical Leaders Index. They also come from different issuers: BBH and Invesco. Their fees differ too: 0.81% for BBHM and 0.62% for PDP.