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EFV vs. PDP
Performance
Return for Risk
Drawdowns
Volatility
Dividends

EFV vs. PDP

Last updated Aug 1, 2026
Documentation

EFV (iShares MSCI EAFE Value ETF) and PDP (Invesco Dorsey Wright Momentum ETF) are both exchange-traded funds - EFV is a Foreign Large Cap Equities fund tracking the MSCI EAFE Value Index (Net), while PDP is a Momentum fund tracking the Dorsey Wright Technical Leaders Index. Both are passively managed. Over the past 10 years, EFV returned 10.63%/yr vs 12.35%/yr for PDP. Their 0.69 correlation means they have sometimes moved together and sometimes differently. EFV charges 0.31%/yr vs 0.62%/yr for PDP.

Performance

EFV vs. PDP - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI EAFE Value ETF (EFV) and Invesco Dorsey Wright Momentum ETF (PDP). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, EFV achieves a 16.27% return, which is significantly higher than PDP's 14.75% return. Over the past 10 years, EFV has underperformed PDP with an annualized return of 10.63%, while PDP has yielded a comparatively higher 12.35% annualized return.

EFV

1D
-0.53%
1M
3.89%
6M
10.21%
YTD
16.27%
1Y
34.23%
3Y*
22.38%
5Y*
14.42%
10Y*
10.63%
ALL TIME*
6.14%

PDP

1D
0.32%
1M
-9.12%
6M
9.33%
YTD
14.75%
1Y
18.03%
3Y*
18.14%
5Y*
8.11%
10Y*
12.35%
ALL TIME*
9.66%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

EFV

iShares MSCI EAFE Value ETF
$244.79M$363.40M$390.92M

PDP

Invesco Dorsey Wright Momentum ETF
$3.96M$3.45M$3.85M

EFV vs. PDP - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
EFV
iShares MSCI EAFE Value ETF		16.27%42.22%5.35%18.85%-5.22%11.08%-2.97%15.80%-14.67%21.22%
PDP
Invesco Dorsey Wright Momentum ETF		14.75%8.37%26.06%20.88%-24.49%7.72%36.59%33.13%-5.96%23.30%

Correlation

The correlation between EFV and PDP is 0.52, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.52

Correlation (3Y)
Balances recent behavior with more history.

0.53

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.60

Correlation (10Y)
Provides a long-term view across more market conditions.

0.60

Correlation (All Time)
Calculated using the full available price history since Mar 1, 2007

0.69

The correlation between EFV and PDP shifts across timeframes, from 0.52 (1 year) to 0.69 (all time), reflecting how their relationship changes across market environments.

EFV vs. PDP - Sectors Allocation Comparison

Sectors
EFV
PDP

Financial Services

38.8%
6.3%

Industrials

10.0%
25.6%

Consumer Defensive

9.8%
1.4%

Healthcare

7.6%
8.4%

Energy

6.2%
5.1%

Utilities

6.1%
0.5%

Basic Materials

6.0%
4.0%

Consumer Cyclical

5.6%
2.6%

Communication Services

4.1%
1.2%

Technology

3.1%
42.4%

Real Estate

2.7%
0.7%

Financial Services

EFV
38.8%
PDP
6.3%

Industrials

EFV
10.0%
PDP
25.6%

Consumer Defensive

EFV
9.8%
PDP
1.4%

Healthcare

EFV
7.6%
PDP
8.4%

Energy

EFV
6.2%
PDP
5.1%

Utilities

EFV
6.1%
PDP
0.5%

Basic Materials

EFV
6.0%
PDP
4.0%

Consumer Cyclical

EFV
5.6%
PDP
2.6%

Communication Services

EFV
4.1%
PDP
1.2%

Technology

EFV
3.1%
PDP
42.4%

Real Estate

EFV
2.7%
PDP
0.7%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

iShares MSCI EAFE Value ETF

Invesco Dorsey Wright Momentum ETF

Often compared with EFV:
EFV vs. VEAEFV vs. EFAVEFV vs. FIVAEFV vs. DFIVXEFV vs. VOOEFV vs. VTRIXEFV vs. SCHF
Often compared with PDP:
PDP vs. MTUMPDP vs. QQQPDP vs. SPYPDP vs. MMTMPDP vs. VOOPDP vs. BBUSPDP vs. RSP

Return for Risk

EFV vs. PDP — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
EFV
EFV Risk / Return Rank: 8989
Overall Rank
EFV Sharpe Ratio Rank: 9292
Sharpe Ratio Rank
EFV Sortino Ratio Rank: 9191
Sortino Ratio Rank
EFV Omega Ratio Rank: 9191
Omega Ratio Rank
EFV Calmar Ratio Rank: 8484
Calmar Ratio Rank
EFV Martin Ratio Rank: 8585
Martin Ratio Rank
PDP
PDP Risk / Return Rank: 3131
Overall Rank
PDP Sharpe Ratio Rank: 2929
Sharpe Ratio Rank
PDP Sortino Ratio Rank: 2929
Sortino Ratio Rank
PDP Omega Ratio Rank: 2929
Omega Ratio Rank
PDP Calmar Ratio Rank: 3131
Calmar Ratio Rank
PDP Martin Ratio Rank: 3838
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

EFV vs. PDP - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EAFE Value ETF (EFV) 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.

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.

EFVPDPDifference
Sharpe ratioReturn per unit of total volatility
2.38
0.70

+1.68

Sortino ratioReturn per unit of downside risk
3.28
1.10

+2.18

Omega ratioGain probability vs. loss probability

1.43

1.14

+0.29

Calmar ratioReturn relative to maximum drawdown

3.14

1.03

+2.11

Martin ratioReturn relative to average drawdown

11.73

4.02

+7.71

EFV vs. PDP - Sharpe Ratio Comparison

The current EFV Sharpe Ratio is 2.38, which is higher than the PDP Sharpe Ratio of 0.70. The chart below compares the historical Sharpe Ratios of EFV and PDP, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

EFV vs. PDP - Drawdown Comparison

The maximum EFV drawdown since its inception was -63.94%, which is greater than PDP's maximum drawdown of -59.34%. Use the drawdown chart below to compare losses from any high point for EFV and PDP.

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Drawdown Indicators

EFVPDPDifference

Max Drawdown

Largest peak-to-trough decline

-63.94%

-59.34%

-4.60%

Max Drawdown (1Y)

Largest decline over 1 year

-10.90%

-17.58%

+6.68%

Max Drawdown (3Y)

Largest decline over 3 years

-13.72%

-23.79%

+10.07%

Max Drawdown (5Y)

Largest decline over 5 years

-25.84%

-33.91%

+8.07%

Max Drawdown (10Y)

Largest decline over 10 years

-43.16%

-34.70%

-8.46%

Current Drawdown

Current decline from peak

-0.53%

-12.80%

+12.27%

Average Drawdown

Average peak-to-trough decline

-14.72%

-10.57%

-4.15%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.91%

4.51%

-1.60%

Volatility

EFV vs. PDP - Volatility Comparison

The current volatility for iShares MSCI EAFE Value ETF (EFV) is 4.20%, while Invesco Dorsey Wright Momentum ETF (PDP) has a volatility of 11.41%. This indicates that EFV experiences smaller price fluctuations and is considered to be less risky than PDP based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

EFVPDPDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.20%

11.41%

-7.21%

Volatility (6M)

Calculated over the trailing 6-month period

12.23%

21.23%

-9.00%

Volatility (1Y)

Calculated over the trailing 1-year period

14.38%

25.85%

-11.47%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

15.94%

22.80%

-6.86%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

17.46%

22.01%

-4.55%

EFV vs. PDP - Expense Ratio Comparison

EFV has a 0.31% expense ratio, which is lower than PDP's 0.62% expense ratio.

Dividends

EFV vs. PDP - Dividend Comparison

EFV's dividend yield for the trailing twelve months is around 4.52%, more than PDP's 0.08% yield.

PositionTTM20252024202320222021202020192018201720162015
EFV
iShares MSCI EAFE Value ETF		4.52%4.16%4.66%4.36%4.17%4.07%2.42%4.62%4.56%3.56%3.28%3.59%
PDP
Invesco Dorsey Wright Momentum ETF		0.08%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

EFV and PDP have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

PDP has higher volatility (11.41%) compared to EFV (4.20%). In terms of maximum drawdown, EFV dropped -63.94% vs PDP's -59.34%.

On 10-year performance, PDP leads with 12.35% vs 10.63% for EFV. On fees, EFV is cheaper at 0.31% per year. On volatility, EFV has been the lower-risk option at 4.20%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, PDP has performed better with a 12.35% return vs 10.63%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

EFV is cheaper with a 0.31% expense ratio, compared with 0.62% for PDP.

EFV has the higher dividend yield at 4.52%, compared with 0.08% for PDP.

EFV is categorized as Foreign Large Cap Equities, while PDP is Momentum. EFV tracks MSCI EAFE Value Index (Net), while PDP tracks Dorsey Wright Technical Leaders Index. They also come from different issuers: iShares and Invesco. Their fees differ too: 0.31% for EFV and 0.62% for PDP.

EFV currently has the higher Sharpe Ratio (2.38 vs 0.70), 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.

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