DFIP vs. PXI
DFIP (Dimensional Inflation-Protected Securities ETF) and PXI (Invesco DWA Energy Momentum ETF) are both exchange-traded funds - DFIP is a Inflation-Protected Bonds fund actively managed by Dimensional, while PXI is a Momentum fund tracking the Dorsey Wright Energy Technical Leaders Index. DFIP is actively managed, while PXI is passively managed. Over the past 3 years, DFIP returned 4.44%/yr vs 12.92%/yr for PXI. At a 0.05 correlation, their price movements are largely independent. DFIP charges 0.11%/yr vs 0.60%/yr for PXI.
Performance
DFIP vs. PXI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, DFIP achieves a 1.01% return, which is significantly lower than PXI's 26.12% return.
DFIP
- 1D
- 0.02%
- 1M
- -0.31%
- 6M
- 0.79%
- YTD
- 1.01%
- 1Y
- 3.33%
- 3Y*
- 4.44%
- 5Y*
- —
- 10Y*
- —
PXI
- 1D
- 0.50%
- 1M
- -2.17%
- 6M
- 21.43%
- YTD
- 26.12%
- 1Y
- 30.13%
- 3Y*
- 12.92%
- 5Y*
- 16.15%
- 10Y*
- 5.39%
DFIP vs. PXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 1.01% | 7.54% | 1.72% | 4.07% | -12.39% | -0.37% |
PXI Invesco DWA Energy Momentum ETF | 26.12% | 3.86% | 0.76% | 5.48% | 45.85% | -9.41% |
Correlation
The correlation between DFIP and PXI is -0.16, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 16, 2021 | 0.05 |
The correlation between DFIP and PXI shifts across timeframes, from -0.16 (1 year) to 0.05 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
DFIP vs. PXI — Risk / Return Rank
DFIP
PXI
DFIP vs. PXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Dimensional Inflation-Protected Securities ETF (DFIP) and Invesco DWA Energy Momentum ETF (PXI). 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.
| DFIP | PXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.50 | ||
| Sortino ratioReturn per unit of downside risk | -0.56 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.57 | 2.53 | -0.97 |
| Martin ratioReturn relative to average drawdown | 4.48 | 6.90 | -2.42 |
Loading charts...
Drawdowns
DFIP vs. PXI - Drawdown Comparison
The maximum DFIP drawdown since its inception was -14.96%, smaller than the maximum PXI drawdown of -85.08%. Use the drawdown chart below to compare losses from any high point for DFIP and PXI.
Loading charts...
Drawdown Indicators
| DFIP | PXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.96% | -85.08% | +70.12% |
Max Drawdown (1Y)Largest decline over 1 year | -2.06% | -12.40% | +10.34% |
Max Drawdown (3Y)Largest decline over 3 years | -4.74% | -30.74% | +26.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -33.47% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -79.55% | — |
Current DrawdownCurrent decline from peak | -0.94% | -8.12% | +7.18% |
Average DrawdownAverage peak-to-trough decline | -6.82% | -29.33% | +22.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.72% | 4.54% | -3.82% |
Volatility
DFIP vs. PXI - Volatility Comparison
The current volatility for Dimensional Inflation-Protected Securities ETF (DFIP) is 1.32%, while Invesco DWA Energy Momentum ETF (PXI) has a volatility of 7.20%. This indicates that DFIP experiences smaller price fluctuations and is considered to be less risky than PXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| DFIP | PXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.32% | 7.20% | -5.88% |
Volatility (6M)Calculated over the trailing 6-month period | 2.60% | 17.45% | -14.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.52% | 22.26% | -18.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.76% | 33.23% | -26.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 6.76% | 37.02% | -30.26% |
DFIP vs. PXI - Expense Ratio Comparison
DFIP has a 0.11% expense ratio, which is lower than PXI's 0.60% expense ratio.
Dividends
DFIP vs. PXI - Dividend Comparison
DFIP's dividend yield for the trailing twelve months is around 4.65%, more than PXI's 1.30% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DFIP Dimensional Inflation-Protected Securities ETF | 4.65% | 4.70% | 3.69% | 3.68% | 5.97% | 0.56% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
PXI Invesco DWA Energy Momentum ETF | 1.30% | 1.81% | 1.52% | 1.82% | 3.14% | 0.57% | 1.72% | 2.80% | 0.93% | 0.80% | 0.73% | 2.07% |
Frequently Asked Questions
DFIP and PXI have a correlation of -0.16, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PXI has higher volatility (7.20%) compared to DFIP (1.32%). In terms of maximum drawdown, DFIP dropped -14.96% vs PXI's -85.08%.
On 3-year performance, PXI leads with 12.92% vs 4.44% for DFIP. On fees, DFIP is cheaper at 0.11% per year. On volatility, DFIP has been the lower-risk option at 1.32%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, PXI has performed better with a 12.92% return vs 4.44%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFIP is cheaper with a 0.11% expense ratio, compared with 0.60% for PXI.
DFIP has the higher dividend yield at 4.65%, compared with 1.30% for PXI.
DFIP is categorized as Inflation-Protected Bonds, while PXI is Momentum. They also come from different issuers: Dimensional and Invesco. Their fees differ too: 0.11% for DFIP and 0.60% for PXI.
PXI currently has the higher Sharpe Ratio (1.41 vs 0.91), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
Find the right allocation for DFIP and PXI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer