IDMO vs. USD

Last updated Jun 13, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and USD (ProShares Ultra Semiconductors) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while USD is a Leveraged Equities fund tracking the Dow Jones U.S. Semiconductors Index (200%). Both are passively managed. Over the past 10 years, IDMO returned 12.64%/yr vs 60.21%/yr for USD. At a 0.43 correlation, their price movements are largely independent. IDMO charges 0.25%/yr vs 0.95%/yr for USD.

Performance

IDMO vs. USD - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) and ProShares Ultra Semiconductors (USD). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, IDMO achieves a 8.17% return, which is significantly lower than USD's 86.87% return. Over the past 10 years, IDMO has underperformed USD with an annualized return of 12.64%, while USD has yielded a comparatively higher 60.21% annualized return.

IDMO

• 1D: 1.36%
• 1M: -1.92%
• YTD: 8.17%
• 6M: 10.09%
• 1Y: 23.12%
• 3Y*: 25.21%
• 5Y*: 15.50%
• 10Y*: 12.64%

USD

• 1D: 2.08%
• 1M: -1.66%
• YTD: 86.87%
• 6M: 97.77%
• 1Y: 207.86%
• 3Y*: 111.11%
• 5Y*: 65.02%
• 10Y*: 60.21%

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

IDMO vs. USD - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	8.17%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%
USD ProShares Ultra Semiconductors	86.87%	62.08%	139.64%	228.79%	-68.57%	104.27%	68.16%	110.37%	-26.88%	81.72%

Correlation

The correlation between IDMO and USD is 0.54, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.54
Correlation (3Y) Calculated over the trailing 3-year period	0.51
Correlation (5Y) Calculated over the trailing 5-year period	0.57
Correlation (10Y) Calculated over the trailing 10-year period	0.49
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.43

The correlation between IDMO and USD shifts across timeframes, from 0.43 (all time) to 0.57 (5 years), reflecting how their relationship changes across market environments.

IDMO vs. USD - Sectors Allocation Comparison

Sectors	IDMO	USD
Financial Services	42.4%	28.0%
Industrials	22.6%	-
Basic Materials	10.2%	-
Utilities	8.4%	-
Technology	5.3%	26.7%
Consumer Defensive	2.5%	-
Communication Services	2.2%	-
Real Estate	2.0%	-
Energy	1.9%	0.0%
Consumer Cyclical	1.4%	-
Healthcare	1.2%	-

Return for Risk

IDMO vs. USD — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 44
IDMO Sharpe Ratio Rank: 42
IDMO Sortino Ratio Rank: 43
IDMO Omega Ratio Rank: 42
IDMO Calmar Ratio Rank: 43
IDMO Martin Ratio Rank: 51

USD

USD Risk / Return Rank: 88
USD Sharpe Ratio Rank: 94
USD Sortino Ratio Rank: 79
USD Omega Ratio Rank: 81
USD Calmar Ratio Rank: 95
USD Martin Ratio Rank: 91

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.

IDMO vs. USD - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) and ProShares Ultra Semiconductors (USD). 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.

	IDMO	USD	Difference
Sharpe ratio: Return per unit of total volatility	1.30	3.20	-1.91
Sortino ratio: Return per unit of downside risk	1.93	3.05	-1.12
Omega ratio: Gain probability vs. loss probability	1.24	1.41	-0.17
Calmar ratio: Return relative to maximum drawdown	1.89	6.58	-4.69
Martin ratio: Return relative to average drawdown	7.64	18.43	-10.79

IDMO vs. USD - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.30, which is lower than the USD Sharpe Ratio of 3.20. The chart below compares the historical Sharpe Ratios of IDMO and USD, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

IDMO vs. USD - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, smaller than the maximum USD drawdown of -88.63%. Use the drawdown chart below to compare losses from any high point for IDMO and USD.

Drawdown Indicators

	IDMO	USD	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-88.63%	+49.25%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-31.80%	+19.49%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-64.46%	+51.81%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-77.85%	+50.78%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-77.85%	+46.51%
Current Drawdown Current decline from peak	-1.92%	-13.67%	+11.75%
Average Drawdown Average peak-to-trough decline	-9.74%	-32.32%	+22.58%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.04%	11.34%	-8.30%

Volatility

IDMO vs. USD - Volatility Comparison

The current volatility for Invesco S&P International Developed Momentum ETF (IDMO) is 7.92%, while ProShares Ultra Semiconductors (USD) has a volatility of 29.56%. This indicates that IDMO experiences smaller price fluctuations and is considered to be less risky than USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	IDMO	USD	Difference
Volatility (1M) Calculated over the trailing 1-month period	7.92%	29.56%	-21.64%
Volatility (6M) Calculated over the trailing 6-month period	16.02%	52.44%	-36.42%
Volatility (1Y) Calculated over the trailing 1-year period	17.92%	65.34%	-47.42%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.03%	77.19%	-59.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.18%	69.61%	-51.43%

IDMO vs. USD - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is lower than USD's 0.95% expense ratio.

Dividends

IDMO vs. USD - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.52%, more than USD's 0.25% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
IDMO Invesco S&P International Developed Momentum ETF	3.52%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%
USD ProShares Ultra Semiconductors	0.25%	0.39%	0.10%	0.05%	0.30%	0.00%	0.14%	0.72%	0.93%	0.32%	0.46%	0.39%

Frequently Asked Questions

Can I hold both IDMO and USD in my portfolio?

IDMO and USD have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or USD?

USD has higher volatility (29.56%) compared to IDMO (7.92%). In terms of maximum drawdown, IDMO dropped -39.38% vs USD's -88.63%.

Which ETF is better, IDMO or USD?

On 10-year performance, USD leads with 60.21% vs 12.64% for IDMO. On fees, IDMO is cheaper at 0.25% per year. On volatility, IDMO has been the lower-risk option at 7.92%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or USD?

Over the 10-year period, USD has performed better with a 60.21% return vs 12.64%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or USD?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.95% for USD.

Which ETF pays a higher dividend yield, IDMO or USD?

IDMO has the higher dividend yield at 3.52%, compared with 0.25% for USD.

What is the main difference between IDMO and USD?

IDMO is categorized as Momentum, while USD is Leveraged Equities. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while USD tracks Dow Jones U.S. Semiconductors Index (200%). They also come from different issuers: Invesco and ProShares. Their fees differ too: 0.25% for IDMO and 0.95% for USD.

Which has better risk-adjusted returns?

USD currently has the higher Sharpe Ratio (3.20 vs 1.30), 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.