FFOG vs. PFM

Last updated Jun 4, 2026

FFOG (Franklin Focused Growth ETF) and PFM (Invesco Dividend Achievers™ ETF) are both Large Cap Growth Equities funds. FFOG is actively managed, while PFM is passively managed. Over the past year, FFOG returned 23.96% vs 19.65% for PFM. A 0.53 correlation means they provide meaningful diversification when combined. FFOG charges 0.55%/yr vs 0.53%/yr for PFM.

Performance

FFOG vs. PFM - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Franklin Focused Growth ETF (FFOG) and Invesco Dividend Achievers™ ETF (PFM). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FFOG achieves a 10.66% return, which is significantly higher than PFM's 8.18% return.

FFOG

• 1D: -0.97%
• 1M: 5.98%
• YTD: 10.66%
• 6M: 9.70%
• 1Y: 23.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

PFM

• 1D: -0.23%
• 1M: 3.40%
• YTD: 8.18%
• 6M: 7.73%
• 1Y: 19.65%
• 3Y*: 16.31%
• 5Y*: 10.63%
• 10Y*: 11.82%

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

FFOG vs. PFM - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
FFOG Franklin Focused Growth ETF	10.66%	17.09%	38.20%	12.41%
PFM Invesco Dividend Achievers™ ETF	8.18%	14.00%	16.87%	8.26%

Correlation

The correlation between FFOG and PFM is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.50
Correlation (All Time) Calculated using the full available price history since Nov 7, 2023	0.53

The correlation between FFOG and PFM has been stable across timeframes, ranging from 0.50 to 0.53 - a consistent structural relationship.

FFOG vs. PFM - Sectors Allocation Comparison

Sectors	FFOG	PFM
Technology	56.0%	24.7%
Consumer Cyclical	13.7%	4.0%
Communication Services	13.5%	1.1%
Healthcare	5.7%	14.9%
Industrials	4.9%	11.1%
Financial Services	2.1%	18.5%
Utilities	1.4%	4.2%
Energy	0.7%	4.7%
Basic Materials	-	3.0%
Consumer Defensive	-	12.0%
Real Estate	-	2.0%

Return for Risk

FFOG vs. PFM — Risk / Return Rank

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

FFOG

FFOG Risk / Return Rank: 29
FFOG Sharpe Ratio Rank: 33
FFOG Sortino Ratio Rank: 31
FFOG Omega Ratio Rank: 32
FFOG Calmar Ratio Rank: 24
FFOG Martin Ratio Rank: 25

PFM

PFM Risk / Return Rank: 62
PFM Sharpe Ratio Rank: 61
PFM Sortino Ratio Rank: 66
PFM Omega Ratio Rank: 61
PFM Calmar Ratio Rank: 56
PFM Martin Ratio Rank: 63

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.

FFOG vs. PFM - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Franklin Focused Growth ETF (FFOG) and Invesco Dividend Achievers™ ETF (PFM). 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.

	FFOG	PFM	Difference
Sharpe ratio: Return per unit of total volatility	1.20	2.09	-0.88
Sortino ratio: Return per unit of downside risk	1.67	3.07	-1.40
Omega ratio: Gain probability vs. loss probability	1.21	1.38	-0.16
Calmar ratio: Return relative to maximum drawdown	1.10	2.78	-1.68
Martin ratio: Return relative to average drawdown	3.25	11.28	-8.03
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FFOG vs. PFM - Sharpe Ratio Comparison

The current FFOG Sharpe Ratio is 1.20, which is lower than the PFM Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of FFOG and PFM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FFOG	PFM	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.20	2.09	-0.88
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.79	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.78	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.32	0.53	+0.80

Drawdowns

FFOG vs. PFM - Drawdown Comparison

The maximum FFOG drawdown since its inception was -25.38%, smaller than the maximum PFM drawdown of -53.21%. Use the drawdown chart below to compare losses from any high point for FFOG and PFM.

Drawdown Indicators

	FFOG	PFM	Difference
Max Drawdown Largest peak-to-trough decline	-25.38%	-53.21%	+27.83%
Max Drawdown (1Y) Largest decline over 1 year	-21.90%	-7.09%	-14.81%
Max Drawdown (3Y) Largest decline over 3 years	—	-14.50%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.81%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.22%	—
Current Drawdown Current decline from peak	-0.97%	-0.23%	-0.74%
Average Drawdown Average peak-to-trough decline	-4.59%	-6.94%	+2.35%
Ulcer Index Depth and duration of drawdowns from previous peaks	7.39%	1.75%	+5.64%

Volatility

FFOG vs. PFM - Volatility Comparison

Franklin Focused Growth ETF (FFOG) has a higher volatility of 4.75% compared to Invesco Dividend Achievers™ ETF (PFM) at 2.04%. This indicates that FFOG's price experiences larger fluctuations and is considered to be riskier than PFM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FFOG	PFM	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.75%	2.04%	+2.71%
Volatility (6M) Calculated over the trailing 6-month period	15.44%	7.13%	+8.31%
Volatility (1Y) Calculated over the trailing 1-year period	20.03%	9.47%	+10.56%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	23.79%	13.54%	+10.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	23.79%	15.21%	+8.58%

FFOG vs. PFM - Expense Ratio Comparison

FFOG has a 0.55% expense ratio, which is higher than PFM's 0.53% expense ratio.

Dividends

FFOG vs. PFM - Dividend Comparison

FFOG has not paid dividends to shareholders, while PFM's dividend yield for the trailing twelve months is around 1.33%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
FFOG Franklin Focused Growth 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%
PFM Invesco Dividend Achievers™ ETF	1.33%	1.41%	1.58%	1.86%	1.95%	1.69%	1.92%	1.94%	2.27%	1.70%	2.56%	2.36%

Frequently Asked Questions

Can I hold both FFOG and PFM in my portfolio?

FFOG and PFM have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FFOG or PFM?

FFOG has higher volatility (4.75%) compared to PFM (2.04%). In terms of maximum drawdown, FFOG dropped -25.38% vs PFM's -53.21%.

Which ETF is better, FFOG or PFM?

On 1-year performance, FFOG leads with 23.96% vs 19.65% for PFM. On fees, PFM is cheaper at 0.53% per year. On volatility, PFM has been the lower-risk option at 2.04%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, FFOG or PFM?

Over the 1-year period, FFOG has performed better with a 23.96% return vs 19.65%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, FFOG or PFM?

PFM is cheaper with a 0.53% expense ratio, compared with 0.55% for FFOG.

Which ETF pays a higher dividend yield, FFOG or PFM?

PFM has the higher dividend yield at 1.33%, compared with 0.00% for FFOG.

What is the main difference between FFOG and PFM?

They also come from different issuers: Franklin Templeton and Invesco. Their fees differ too: 0.55% for FFOG and 0.53% for PFM.

Which has better risk-adjusted returns?

PFM currently has the higher Sharpe Ratio (2.09 vs 1.20), 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.