MFMO vs. PXI

Last updated Jul 18, 2026

MFMO (Motley Fool Momentum Factor ETF) and PXI (Invesco DWA Energy Momentum ETF) are both Momentum funds. MFMO is actively managed, while PXI is passively managed. At a 0.01 correlation, their price movements are largely independent. MFMO charges 0.50%/yr vs 0.60%/yr for PXI.

Performance

MFMO vs. PXI - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Motley Fool Momentum Factor ETF (MFMO) and Invesco DWA Energy Momentum ETF (PXI). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MFMO achieves a 15.81% return, which is significantly lower than PXI's 31.30% return.

MFMO

• 1D: -0.79%
• 1M: -6.44%
• 6M: 11.27%
• YTD: 15.81%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

PXI

• 1D: 1.53%
• 1M: 7.43%
• 6M: 23.28%
• YTD: 31.30%
• 1Y: 37.58%
• 3Y*: 14.50%
• 5Y*: 20.67%
• 10Y*: 6.27%

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

MFMO vs. PXI - Yearly Performance Comparison

	2026 (YTD)	2025
MFMO Motley Fool Momentum Factor ETF	15.81%	-1.80%
PXI Invesco DWA Energy Momentum ETF	31.30%	-3.70%

Correlation

The correlation between MFMO and PXI is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Dec 9, 2025	0.01

Return for Risk

MFMO vs. PXI — Risk / Return Rank

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

MFMO

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

PXI

PXI Risk / Return Rank: 64
PXI Sharpe Ratio Rank: 67
PXI Sortino Ratio Rank: 60
PXI Omega Ratio Rank: 58
PXI Calmar Ratio Rank: 76
PXI Martin Ratio Rank: 61

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.

MFMO vs. PXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Motley Fool Momentum Factor ETF (MFMO) 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.

	MFMO	PXI	Difference
Sharpe ratio: Return per unit of total volatility	—	1.69	—
Sortino ratio: Return per unit of downside risk	—	2.24	—
Omega ratio: Gain probability vs. loss probability	—	1.28	—
Calmar ratio: Return relative to maximum drawdown	—	3.05	—
Martin ratio: Return relative to average drawdown	—	8.31	—

Drawdowns

MFMO vs. PXI - Drawdown Comparison

The maximum MFMO drawdown since its inception was -12.05%, smaller than the maximum PXI drawdown of -85.08%. Use the drawdown chart below to compare losses from any high point for MFMO and PXI.

Drawdown Indicators

	MFMO	PXI	Difference
Max Drawdown Largest peak-to-trough decline	-12.05%	-85.08%	+73.03%
Max Drawdown (1Y) Largest decline over 1 year	—	-12.40%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-30.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-33.47%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-79.55%	—
Current Drawdown Current decline from peak	-11.45%	-4.35%	-7.10%
Average Drawdown Average peak-to-trough decline	-2.77%	-29.30%	+26.53%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.53%	—

Volatility

Volatility by Period

	MFMO	PXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	6.55%	—
Volatility (6M) Calculated over the trailing 6-month period	—	17.53%	—
Volatility (1Y) Calculated over the trailing 1-year period	28.01%	22.33%	+5.68%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	28.01%	33.07%	-5.06%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	28.01%	36.98%	-8.97%

MFMO vs. PXI - Expense Ratio Comparison

MFMO has a 0.50% expense ratio, which is lower than PXI's 0.60% expense ratio.

Dividends

MFMO vs. PXI - Dividend Comparison

MFMO has not paid dividends to shareholders, while PXI's dividend yield for the trailing twelve months is around 1.25%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
MFMO Motley Fool Momentum Factor 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%
PXI Invesco DWA Energy Momentum ETF	1.25%	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

Can I hold both MFMO and PXI in my portfolio?

MFMO and PXI have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MFMO or PXI?

On fees, MFMO is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MFMO or PXI?

MFMO is cheaper with a 0.50% expense ratio, compared with 0.60% for PXI.

Which ETF pays a higher dividend yield, MFMO or PXI?

PXI has the higher dividend yield at 1.25%, compared with 0.00% for MFMO.

What is the main difference between MFMO and PXI?

They also come from different issuers: Motley Fool and Invesco. Their fees differ too: 0.50% for MFMO and 0.60% for PXI.