DEF vs. FMTM
DEF (Invesco Defensive Equity ETF) and FMTM (MarketDesk Focused U.S. Momentum ETF) are both exchange-traded funds - DEF is a Large Cap Growth Equities fund tracking the Invesco Defensive Equity Index, while FMTM is a Momentum fund. DEF is passively managed, while FMTM is actively managed. At a 0.19 correlation, their price movements are largely independent. DEF charges 0.53%/yr vs 0.45%/yr for FMTM.
Performance
DEF vs. FMTM - Performance Comparison
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Returns By Period
DEF
- 1D
- -3.03%
- 1M
- —
- YTD
- —
- 6M
- —
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
FMTM
- 1D
- -3.43%
- 1M
- 4.31%
- YTD
- 30.53%
- 6M
- 28.10%
- 1Y
- 61.05%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DEF vs. FMTM - Yearly Performance Comparison
| 2026 (YTD) | |
|---|---|
DEF Invesco Defensive Equity ETF | -11.11% |
FMTM MarketDesk Focused U.S. Momentum ETF | 4.20% |
Correlation
The correlation between DEF and FMTM is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Jun 8, 2026 | 0.19 |
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Return for Risk
DEF vs. FMTM — Risk / Return Rank
DEF
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
FMTM
DEF vs. FMTM - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Defensive Equity ETF (DEF) and MarketDesk Focused U.S. Momentum ETF (FMTM). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DEF | FMTM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.42 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 5.06 | — |
| Martin ratioReturn relative to average drawdown | — | 19.29 | — |
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Drawdowns
DEF vs. FMTM - Drawdown Comparison
The maximum DEF drawdown since its inception was -11.11%, smaller than the maximum FMTM drawdown of -12.12%. Use the drawdown chart below to compare losses from any high point for DEF and FMTM.
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Drawdown Indicators
| DEF | FMTM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -11.11% | -12.12% | +1.01% |
Max Drawdown (1Y)Largest decline over 1 year | — | -12.12% | — |
Current DrawdownCurrent decline from peak | -11.11% | -3.43% | -7.68% |
Average DrawdownAverage peak-to-trough decline | -9.26% | -1.91% | -7.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 3.17% | — |
Volatility
DEF vs. FMTM - Volatility Comparison
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Volatility by Period
| DEF | FMTM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 9.38% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 19.05% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 66.96% | 24.27% | +42.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 66.96% | 23.68% | +43.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 66.96% | 23.68% | +43.28% |
DEF vs. FMTM - Expense Ratio Comparison
DEF has a 0.53% expense ratio, which is higher than FMTM's 0.45% expense ratio.
Dividends
DEF vs. FMTM - Dividend Comparison
DEF has not paid dividends to shareholders, while FMTM's dividend yield for the trailing twelve months is around 0.23%.
| Position | TTM | 2025 |
|---|---|---|
DEF Invesco Defensive Equity ETF | 0.00% | 0.00% |
FMTM MarketDesk Focused U.S. Momentum ETF | 0.23% | 0.30% |
Frequently Asked Questions
DEF and FMTM have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FMTM is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FMTM is cheaper with a 0.45% expense ratio, compared with 0.53% for DEF.
FMTM has the higher dividend yield at 0.23%, compared with 0.00% for DEF.
DEF is categorized as Large Cap Growth Equities, while FMTM is Momentum. Their fees differ too: 0.53% for DEF and 0.45% for FMTM.
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